Bitcoin Financial News

The digital asset market has recorded several wins this month with Bitcoin (BTC) hitting a 16-month high and surging activities around decentralized finance (DeFI) applications.

Digital asset investment funds saw a record $326 million in net outflows last week, marking the largest single week of inflows since July 2022.

The bullish momentum that propelled Bitcoin (BTC) price to a year-to-date high continues into its third week as the price presses toward the $35,000 handle. 

Just under one year ago, the Bitcoin (BTC) market was in turmoil as panicky investors dumped their holdings in wake of the collapse of the cryptocurrency exchange FTX.

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Cointelegraph recently traveled to Cape Verde, West Africa, to explore whether Bitcoin (BTC) could be a tool for progress.

Bitcoin has been in a consolidation phase around the $34,000 level following last week's rebound, maintaining its recent gains within a pivotal price range.

The Bitcoin (BTC) bulls remain in control on Monday as the world’s largest cryptocurrency by market capitalization consolidates to the north of the $34,500 level in wake of last week’s more than 15% surge.

A Bitcoin (BTC) educator based in Tanzania has scaled Africa’s highest peak, Kilimanjaro, financing the entire trip through Bitcoin and Nostr donations.

The Chicago Mercantile Exchange (CME), a regulated derivatives exchange that lists Bitcoin (BTC) futures, now stands just behind Binance in terms of notional open interest to rank second in the list of BTC futures exchanges.

Incoming investment capital and immigration will lead to a major economic shift that will turn El Salvador into a financial center, argued Gabor Gurbacs, strategy adviser of investment management giant VanEck.

The cryptocurrency market has found new momentum by a recent rally that propelled Bitcoin’s value towards the $35,000 mark.

The Monetary Authority of Singapore (MAS), the country’s central bank and financial regulator, is planning to start crypto-related cooperation with some European countries and Japan.

Update: This article has been updated to highlight that the UN report referenced the Mora et al. 2018 paper, which overestimated the emissions of mining operations by including unprofitable mining rigs in their analysis.

El Salvador’s President, Nayib Bukele has formally filed for re-election in next year’s polls, a move critics say is against the country’s constitution.

Gary Gensler once criticized the United States securities regulator for its “inconsistent” approach to spot Bitcoin (BTC) products, according to a resurfaced video of Gensler from 2019.

Thailand’s Kasikornbank, one of the largest banks in the country, is moving into the cryptocurrency industry by acquiring a majority stake in the local crypto business Satang.

Zodia, the institutional cryptocurrency custody platform co-owned by British banking giant Standard Chartered, Japanese SBI Holdings and the financial firm Northern Trust, is expanding its services to Hong Kong.

Enforcement Directorate (ED), the income tax department, and the Central Bureau of Investigation (CBI) with vital data on crypto assets. The objective is to monitor and curb the use of cryptocurrencies in illegal activities like crime and money laundering. The goal is to augment the regulatory framework surrounding the digital asset market, which has often been likened to the Wild West due to its lack of oversight. The envisaged database will serve as a repository of critical information on crypto exchanges, aiding regulators in monitoring and ensuring compliance within the crypto sphere. The Genesis of the Database The goal of this ambitious project is to construct a centralized system capable of monitoring various elements of crypto transactions. The database will not limit itself to recording activity within India alone. Instead, it intends to include a raft of information from major international exchanges, such as Binance, Bybit, and Kucoin. By doing so, it will offer governments worldwide a panoramic view into the often opaque world of crypto asset transactions. Detailed Oversight

Meanwhile, the global cryptocurrency market cap surged 0.7% to around $1.27 trillion in the last 24 hours. Bitcoin was up 0.66% at $34,304 as of 12:30 p.m., while its largest peer, Ethereum, surged 0.54% to above the $1,750 level. Broader markets, including crypto, reflected positive gains as investors prepare for the Fed meeting scheduled for Wednesday, and the release of the U.S. jobs report. The crypto fear and greed index also continues to stay in the greed zone despite a four-point drop; currently at 68/100, said Parth Chaturvedi, Investments Lead at CoinSwitch Ventures.

The regulated Chicago Mercantile Exchange (CME) is steadily climbing the ranks as one of the largest Bitcoin futures and perpetual futures exchanges in a development reminiscent of the early stages of the 2020-2021 bull run.