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Matrixport Report Says SEC Unlikely to Approve Spot Bitcoin ETFs in January, Price to Drop Below $40,000

The crypto financial services platform Matrixport has said it does not see the U.S. Securities and Exchange Commission approving any spot bitcoin exchange-traded fund in January. In its latest report, the crypto platform said it foresees the price…

Ethereum Technical Analysis: ETH Slides Over 8% Amid Downward Market Pressure

In the ever-volatile world of crypto assets, ethereum has exhibited a notable decline, with an 8.1% decrease in price over the past 24 hours. Technical indicators and chart patterns suggest a bearish sentiment in the air, urging traders to navigate…

Bitcoin Technical Analysis: BTC 15th Anniversary Celebrations Marred by Market Mayhem

In the wake of bitcoin’s 15th anniversary, the cryptocurrency behemoth confronts a challenging market terrain, as its price dipped 6.7% to prices between $42,350 to $42,619 amidst swirling rumors of spot bitcoin exchange-traded fund (ETF)…

Euro at 25: ECB President Christine Lagarde Calls Euro the ‘World’s Second Most Important Currency’

The president of the European Central Bank Christine Lagarde and fellow European Union leaders recently hailed the euro for its role in giving the bloc “greater sovereignty in a turbulent world.” The EU leaders added, however, that more…

Ordinals Founder Casey Rodarmor Warns Bitcoin Maxis That ‘Whining’ Makes Them ‘Look Weak’

Casey Rodarmor, the developer of the Ordinals protocol, has called out ideological Bitcoin maxis for their views on inscriptions and censoring transactions on the Bitcoin blockchain. Rodarmor stated that the “whining” around the…

Jim Cramer: Bitcoin Can’t Be Killed — It’s a Technological Marvel That Is Here to Stay

Jim Cramer, the host of CNBC’s Mad Money show, has made some bullish statements regarding Bitcoin. Noting that the crypto cannot be killed, he emphasized: “It’s a technological marvel, and people have to start recognizing that…

New Crypto Tax Law Takes Effect in US: Transactions of $10,000 or More Must Be Reported to IRS Within 15 Days

A new tax reporting law has entered into force in the U.S. Starting on Jan. 1, all Americans receiving $10,000 or more in crypto in the course of their trade or business must file a report with the Internal Revenue Service (IRS) within 15 days…

Spot ETF Approvals Will See BTC Value Rising to $50,000 in January — Matrixport

The expected approval of spot bitcoin exchange-traded funds (ETFs) applications by the U.S. Securities and Exchange Commission will see the top crypto asset’s price jumping to $50,000 in January, the latest market preview by Matrixport has…

Black Swan Looms in 2024, Expert Warns of Unprecedented Economic Upheaval and US Election Disruption 

The economic forecast for 2024 has undergone significant shifts, with lawmakers and the U.S. Federal Reserve anticipating a “soft landing” for the year. The prevailing belief is that while the economy will decelerate in 2024, the…

AI Crypto Assets Skyrocket 540% in Under a Year, Hitting $7 Billion Market Cap

The sector of crypto economy dedicated to artificial intelligence (AI) has been expanding steadily, and in the past 34 days, since Nov. 29, 2023, the market capitalization of AI-focused crypto assets has surged by $1.75 billion. A majority of the…

Paypal and First Digital Stablecoins Dominate in December as Binance USD Heads Toward Extinction

The leading stablecoins, in terms of market capitalization, concluded 2023 with a combined value of around $131.69 billion, yet only two of the top ten experienced increases in 30-day supply. Data reveals that tether, the leading U.S. dollar-pegged…

Bitcoin Is an ‘Intriguing Option for National and Corporate Financial Portfolios’ Says Billionaire Stelian Balta

Stelian Balta, the billionaire and co-founder of the digital asset management firm Hyperchain Capital, has said that while bitcoin is indeed a volatile asset it nonetheless helps to diversify and align an investment portfolio with digital trends…

US Presidential Candidate Outlines Plan to Shut Down FBI if Elected — ‘This Is Much More Practical Than It Sounds’

Presidential candidate Vivek Ramaswamy has outlined his plan to shut down the Federal Bureau of Investigation (FBI) if he is elected President of the United States. “56% of the bureau that are professional bureaucrats should be fired immediately,”…

Vaneck Director: People Tend to Underestimate Long-Term Impact of Spot Bitcoin ETFs

Vaneck’s director of digital assets strategy has explained why people tend to underestimate the long-term impact of spot bitcoin exchange-traded funds (ETFs). He believes that upon the approval of a U.S. spot bitcoin ETF by the Securities and…

Donald Trump Warns of Stock Market Crash and Great Depression if He Doesn’t Win Presidential Election

Former U.S. President Donald Trump has warned that the U.S. could face a stock market crash worse than that of 1929 and a Great Depression if he doesn’t win the upcoming presidential election. He stressed that the U.S. economy is…

New Year’s Eve Sees Bitcoin Network Break Daily Transfer Record With Over 731,000 Transactions

As 2023 drew to a close on New Year’s Eve, the Bitcoin network eclipsed yet another record by verifying a significant 731,351 transactions in a single day. This achievement outstripped the previous high set on Dec. 24, 2023, or Christmas Eve…

Bitcoin Technical Analysis: BTC Enters 2024 With Subtle Signals and Low Volume

As the clock turned to 2024, bitcoin’s price danced between $42,094 and $42,781 per unit. On Jan. 1, amid the holiday’s quiet, bitcoin’s current technical indicators offer a mixed bag of signals, setting a contemplative stage…

Latam Insights: Vitalik Buterin Praises Argentina, Brazilian Banks Test Microsoft CBDC Privacy Solution

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Ethereum co-founder Vitalik Buterin praises Argetina’s moves, Brazilian banks introduce Microsoft…