Crypto Financial News

The Technology Innovation Institute in Abu Dhabi has launched a blockchain geared towards tracking carbon emissions and facilitating trading amid growing climate concerns.

Bitcoin (BTC) has recorded a massive uptick in the past week surging above 14% as the wider market rebounds igniting bullish sentiments hinged on several factors.

The Central Bank of Italy and South Korea have announced a partnership to collaborate on key areas like payment systems and IT in the development of Central Bank Digital Currencies (CBDCs). 

The digital asset market recorded an 11% uptick last month with Solana (SOL) and Chainlink becoming the top-performing assets as decentralized finance (DeFi) volumes surge, a new report shows.

South Africa’s financial regulator, the Financial Sector Conduct Authority (FSCA) is set to review the applications of 36 cryptocurrency companies seeking operational licenses in the country this month.

BlackRock, the world's preeminent asset manager with over $9 trillion in assets under management, has recently filed for a Bitcoin spot ETF. This move sent shockwaves across the financial world and prompted other industry giants like Fidelity, Invesco, Wisdom Tree, Bitwise and VanEck to follow suit. The development is ironic considering BlackRock CEO Larry Fink dismissed Bitcoin as little more than an index for global money laundering in 2018. The market celebrated BlackRock's change of heart, propelling Bitcoin's value past the $35,000 mark, up 100% since the start of the year. An Exchange-Traded Fund (ETF) is a versatile investment vehicle that has gained immense popularity among investors. Unlike a traditional stock, which gives you ownership in a single company such as TCS, Infosys, or Wipro, an ETF is a diversified collection of stocks or other assets. Imagine a basket named TIW that holds shares from TCS, Infosys, and Wipro. This basket is then listed on a stock exchange like the NSE, making it accessible to the general investing public. The term «Exchange-Traded Fund» is derived from the fund's ability to be traded openly on an exchange, just like individual stocks.

Bitcoin soared to its highest price so far this year, as investors took on more risk ahead of comments from Federal Reserve Chair Jerome Powell which could give guidance on whether the US is closer to lowering interest rates. The world’s largest cryptocurrency rallied as much as 2.87% to a high of $38,834 on Friday. Prices of other digital assets tracked by Bloomberg, such as Ether and Solana, were also up more than 2%. Bitcoin’s jump constitutes the token’s highest value since May 5 last year, just before the collapse of the TerraUSD stablecoin ecosystem rocked the sector and began a steady decline in asset prices. European stocks also advanced and the dollar fell, with Powell set to speak at Spelman College in Atlanta later on Friday. US futures edged higher while Treasuries were steady, as investors tried to gauge whether November gains across asset classes still have further to run. “The macro environment is expected to remain a robust tailwind for crypto,” said Markus Thielen, head of research and strategy at Matrixport, in a note on Friday. “Another decline in inflation is anticipated, prompting the Federal Reserve to likely initiate interest rate cuts. Combined with geopolitical crosscurrents, this healthy dose of monetary support should push Bitcoin to new highs in 2024.”

Bitcoin’s chances of hitting $40,000 are top of mind for crypto speculators as they head into the final stretch of a year during which the largest digital asset more than doubled in price. The token has rebounded about 130% over the past 11 months from 2022’s crypto rout, outstripping investments like stocks or gold. Hopes for Federal Reserve interest-rate cuts next year, and expectations that the US will allow its first spot Bitcoin exchange-traded funds, together created a potent elixir. The rally weathered a US crackdown that put Sam Bankman-Fried behind bars for fraud at FTX and handed top crypto exchange Binance and its founder Changpeng Zhao rap sheets and big fines. For optimists, the drive to curb questionable practices and the recent flurry of ETF applications point to a maturing industry and the potential for wider crypto adoption. “In order to get to $40,000, we just need that approval for the spot Bitcoin ETF,” said Fiona Cincotta, senior financial markets analyst at City Index Ltd. The token recently lost some steam, in part as big swings in equities and currencies attracted the attention of investors, she said.

As TIA’s price has ascended by nearly 11% so far today, Celestia stands out as one of the best crypto to buy now, with December welcoming robust broader cryptocurrency market volatility.

The number of Canadian cryptocurrency users has dropped in 2023 due to bear market fears and wider macroeconomic factors, a new survey shows.

Antpool has announced steps to give back 83 Bitcoin (BTC) paid in error as a transaction fee to the user days after the incident. 

Canadians are less enthusiastic about a Central Bank Digital Currency (CBDC) opting for traditional payment methods despite wider awareness, a new survey shows.

As TIA price continues to spike following the Celestia airdrop, price action underpinning the leading modular layer-1 blockchain has become supercharged, leaving some to ask ‘is it too late to buy Celestia?’.

crypto career in 2020, he didn’t have much of a plan. The then-sophomore just knew he didn’t want to waste any more time in college. He found success as a freelancer using Solidity, a programming language for creating “smart” blockchain contracts, and made about $300,000 in two years. “Crypto was often my go-to idea for anything — I liked it, and I understood it,” Case, 23, said. “I was high on bull-run optimism.” In May 2022, he started his own decentralized finance, or DeFi, project. But it “fell flat on its face” a few months later, Case said, the same week that now-bankrupt lender Celsius Network collapsed. He recently quit his job at a Tesla Inc. factory in Nevada, and — despite it all — says he’s still optimistic about crypto.

The European Union (EU) parliament has called on member-states to take the lead in the creation of digital worlds in terms of strategy and technology implementation.

Low cap cryptocurrency project Launchpad XYZ has raised over $2 million so far in the ongoing presale of its LPX tokens, which are designed to power transactions on its planned Web 3.0 crypto platform.

Digital asset wallet-draining platform, Inferno Drainer has closed shop after helping bad actors drain millions from several cryptocurrency platforms.

The Governor of Spain’s central bank, Pablo Hernandez de Coz says there is no urgent desire among users in the jurisdiction for a Central Bank Digital Currency (CBDC), explains the digital euro’s roadmap.

Cryptocurrency miner, Hut 8 partnered with Sparta Group’s ERS International to establish neutral carbon emissions in 2025 and has recorded massive wins this year.

Bitcoin miners are making hay while the sun shines. The business has been yanked out of the doldrums by the cryptocurrency's recent rally — and now mining companies are racing to lock in profits before bitcoin's «halving», when rewards for producing the tokens are cut in half. The next halving is expected in April 2024, a process designed to slow the release of bitcoin, whose supply is capped at 21 million — of which 19 million have already been mined. «You're seeing a lot of urgency to plug rigs in ahead of the halving,» said Gregory Lewis, analyst at brokerage BTIG that covers the 13 biggest U.S.-listed bitcoin miners.

A popular seasoned crypto trader called Blackbeard has just laid out his view on how traders can become “expert” in predicting the next big crypto trends and narratives, a key skill for successful investing in the crypto space.