Tag: Bitcoin
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XRP Faces Bearish Outlook as Key Support Levels Threaten to Break
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XRP is showing signs of weakness after a sharp rebound from April lows, with analysts warning of a possible 16% price drop if key support fails to hold. The cryptocurrency is currently trading at $2.33 on May 27, recovering more than 45% from its April 7 low but still lagging 31% below its January 2025…
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Vitalik Buterin Highlights Ethereum’s Role as Sweden Reconsiders Cashless Future
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As Sweden reevaluates its ambition to become a fully cashless society, Ethereum co-founder Vitalik Buterin has weighed in on the debate, emphasising the risks of centralised digital payment systems and the importance of decentralised alternatives like Ethereum during times of crisis. Sweden Walks Back on Cashless Ambition Sweden has long been a frontrunner in digital…
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Bitcoin Bull: Hyperliquid Trader James Wynn Bets Big with $1.25B Long Position
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James Wynn Goes All-In on Bitcoin with High-Leverage Trade Well-known crypto trader James Wynn has gone “all-in” on Bitcoin, pushing his long position on decentralised exchange Hyperliquid to a staggering $1.25 billion. Utilising 40x leverage, Wynn’s high-stakes bet has drawn attention across the crypto community. The move followed his exit from memecoin PEPE, where he…
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Bitcoin Bull Market Poised to Redefine Its Role in Modern Portfolios, Says Fidelity
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Institutional Adoption and Market Maturity Fuel BTC’s Long-Term Potential Bitcoin’s ongoing bull market is signalling a fundamental shift in its role within modern investment portfolios, according to new research from Fidelity Digital Assets. The report highlights how rising institutional participation, increased market maturity, and significant capital inflows are reshaping the cryptocurrency’s long-term position as a…
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Bitcoin Suisse Eyes UAE Expansion with Regulatory Nod from Abu Dhabi
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Swiss crypto financial services provider Bitcoin Suisse has taken a significant step towards expanding its footprint beyond Europe, securing an in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). This marks the company’s first move outside the European Union and positions Abu Dhabi as a key market…
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Yield-Bearing Stablecoins Surge to $11B, Now 4.5% of Market Share
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Yield-bearing stablecoins have rapidly gained traction in the crypto sector, soaring to $11 billion in circulation and now making up 4.5% of the total stablecoin market. This marks a substantial rise from just $1.5 billion and a 1% market share at the beginning of 2024, fuelled by increasing demand, shifting investor preferences, and greater regulatory…
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Bitcoin Hits New ATH Near $110K: What’s Next for the Crypto Giant?
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Bitcoin has once again made headlines as it shattered its previous all-time high (ATH), touching $109,845 and pushing the boundaries of bullish momentum. After surpassing the earlier resistance at $109,588, the flagship cryptocurrency has entered a fresh price discovery phase, marked by growing institutional confidence and strong market fundamentals. This surge comes on the back…
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Supreme Court Urges Indian Government to Regulate Cryptocurrency Amid Growing Concerns
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The Supreme Court of India has raised serious concerns over the government’s failure to regulate cryptocurrencies despite imposing a 30% tax on digital assets like Bitcoin. The court warned that the continued use of unregulated cryptocurrencies poses potential risks to the country’s economic stability. “A Parallel Economy” During a hearing related to an ongoing investigation…
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Tether Surpasses Germany in US Treasury Holdings, Strengthening Its Position Amid Crypto Volatility
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Tether, the issuer of the world’s largest stablecoin USDt (USDT), has surpassed Germany’s holdings of United States Treasury bills, marking a significant milestone in the company’s conservative reserve strategy. With over $120 billion in US Treasurys, Tether now ranks as the 19th largest holder globally—outpacing several major economies. Tether Outpaces Germany with $120 Billion in…
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Bitcoin to $250K in 2025? Institutional Adoption Fuels Optimism
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The cryptocurrency world is abuzz with renewed optimism as analysts predict Bitcoin could soar to $250,000 by the end of 2025. Scott Melker, a prominent crypto analyst and host of The Wolf of All Streets podcast, recently spotlighted factors driving this bullish outlook, citing institutional adoption, diminishing volatility, and regulatory advancements as key catalysts. Institutional…