Bitcoin Financial News

Crypto markets are mostly flat in a quiet start to the trading week.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

Bitcoin and crypto stock Coinbase Global have soared on hopes that an exchange-traded fund that holds the digital currency will soon be approved by U.S. regulators. Analysts say that outcome faces long odds.

El Salvador, long whipsawed by gang violence that made it one of the world’s most dangerous countries, turned things around by jailing huge swaths of its population. The country once known for having the world’s highest murder rate now has the world’s highest incarceration rate—about double that of the U.S. Since March 2022, President Nayib Bukele’s government has implemented a campaign to arrest en masse suspected members of the MS-13 and 18th Street gangs that have long terrorized the impoverished Central American nation, blocking economic growth and stoking U.S.-bound migration.

LONDON (Reuters) — Top cryptocurrency bitcoin could reach $50,000 this year and $120,000 by the end of 2024 Standard Chartered said on Monday, predicting the jump in its price could encourage bitcoin 'miners' to hoard more of the supply.

Astons, the world’s leading authority on residency and citizenship through investment, has examined the 13 new countries that are considering offering citizenship or residency by investment (CBI/RBI) programs and has selected the four that they feel offer the most alluring investment and lifestyle opportunities for investors.

Bitcoin (BTC) is in line to hit $50,000 this year and crack all-time highs in 2024, says Standard Chartered.

The next Bitcoin (BTC) halving, the most anticipated quadrennial event in the cryptocurrency space that has the potential to drive the maiden digital currency price to new heights, could pose more troubles to Bitcoin miners than the previous ones.

Despite the Coinbase cryptocurrency exchange facing a securities violation lawsuit in the United States, the company’s stock has been on the rise recently.

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The Litecoin price has fallen by 3% in the past 24 hours, dropping to $93.86 as the cryptocurrency market as a whole slides by 0.5% within the same timeframe.

The crypto industry is starting to turn even the biggest players on Wall Street to its side, with BlackRock being one of the biggest examples. 

Switzerland has long been a haven for the wealthy due to its well-established banking secrecy laws, but its citizens have warmed quickly to the self-sovereign ideals behind Bitcoin (BTC).

Ethereum co-founder Vitalik Buterin believes the Bitcoin network needs scalable solutions like the zero-knowledge (ZK) rollups to become more than another payment network. Buterin’s comments came during a Twitter space hosted by Bitcoin developer Udi Wertheimer with discussions revolving around Ethereum’s scaling experiments.

The price of Bitcoin is currently trading at $30,196, representing a drop of nearly %0.50 on Monday. 

Bitcoin (BTC) begins a new week barely clinging to $30,000 as a “bearish divergence” sets the tone.

blockchain and UPI (Unified Payments Interface). While both offer innovative solutions for secure and efficient transactions, they operate in fundamentally different ways. Here is how these technologies work and help you determine which one is right for you.Understanding Blockchain: Blockchain is a decentralized and distributed ledger technology that allows multiple parties to maintain a shared record of transactions without the need for a central authority. In a blockchain network, transactions are grouped into blocks and added to a chain of previous transactions. The decentralized nature of blockchain ensures transparency, security, and immutability. To make a payment using blockchain, users typically rely on cryptocurrencies such as Bitcoin or Ethereum. These digital currencies serve as a medium of exchange within the blockchain network. When a transaction occurs, it is broadcasted to the network, verified by a consensus mechanism (e.g., proof-of-work or proof-of-stake), and then added to a block. Once the block is added to the chain, the transaction becomes permanent and cannot be altered.Benefits of Blockchain Payments:

The recent trend of 2.0 meme coins now even includes an homage to the infamous Squid Game (SQUID) crypto scam, which rugpulled investors in 2021 - is Squid2.0 also a scam?

Bitcoin (BTC) is selling for a nearly $3,000 discount on Binance.US, providing a significantly better rate than global spot prices — but there’s just one catch. 

When the price of bitcoin surged in 2018, banks including Goldman Sachs and Barclays explored setting up crypto trading desks and portfolio managers quit fund management giants to launch hedge funds focused on the sector.

Nonfarm payrolls rose by 209,000 in June, below economists’ expectations of an addition of 240,000 jobs. Although the figures show a cooling labor market, market observers remained concerned as the average hourly earnings growth held steady at 0.4% from May and 4.4% from a year ago.