Cryptocurrency Exchange Kraken Diversifies into Traditional Finance with US Stock and ETF Trading
Kraken, a prominent cryptocurrency exchange, is gearing up to diversify its services by entering the realm of traditional finance. The exchange has announced plans to launch US-listed stock and Exchange-Traded Fund (ETF) trading services in 2024, marking its first venture outside of the cryptocurren ...
Crypto Analyst DonAlt Predicts Possible Ethereum (ETH) Devaluation and Capitulation
In a recent prediction, DonAlt, a crypto analyst known for accurately predicting the lowest point of Bitcoin (BTC) in the past, has expressed concerns about Ethereum (ETH) facing a significant devaluation before reaching a cycle bottom. He specifically points to the ETH/BTC pair and its potential fo ...
Bitcoin Retests $26,000 Support as Market Awaits Key Events
Bitcoin (BTC) has begun the last week of September by retesting the $26,000 support level as the cryptocurrency continues to trade in a narrow range. Despite a relatively uneventful week in terms of macroeconomic events, Bitcoin faces potential market-moving events in the days ahead. The weekly c ...
Bitcoin Price Analysis: BTC Struggles to Maintain Support Above $26,500
Bitcoin's price is currently on a downward trajectory, struggling to maintain support above $26,500. It faces the potential for further losses if it fails to hold above the $26,000 support level. Bitcoin experienced a decline after it was unable to break through the $27,500 resistance level. T ...
Willy Woo Analyzes the Challenge to Bitcoin’s Growth Posed by Derivatives
In the world of Bitcoin analysis, prominent analyst Willy Woo has identified a significant obstacle that could impede the future growth of the leading cryptocurrency. Woo raises concerns about the rise of Bitcoin derivatives and the consequences it brings for the crypto market. Sharing insights w ...
Historical Patterns Suggest Bitcoin Could Soar to $48,700 Ahead of Halving
Throughout its history, Bitcoin has been no stranger to dramatic price fluctuations and pivotal moments. As we approach the next Bitcoin halving event, an intriguing historical pattern emerges, hinting at a potentially bullish scenario with a price target of $48,700. The Bitcoin halving event, wh ...
South Korean Tax Watchdog Cracks Down on Unreported Overseas Digital Assets
In response to a recent report from its tax watchdog, South Korea is exploring revisions to its tax framework to crack down on unreported overseas earnings, particularly in digital currencies, stocks, and other financial assets. The National Tax Service (NTS) report has revealed that approximatel ...
BIT Dubai Exchange Adds Filecoin (FIL) Options Trading to Meet Growing Demand
Cardano's Project Catalyst, a decentralized fundraising initiative fueled by the ADA cryptocurrency, has completed Fund 10 with notable success. This initiative allows the Cardano community to propose, vote on, and financially support projects that contribute to the platform's growth and innovation. ...
Analyzing ‘Paper BTC’: How Bitcoin Futures Contracts Impact the Cryptocurrency Market
The cryptocurrency market is experiencing a phenomenon referred to as "paper BTC," which is essentially the combined open interest value of Bitcoin futures contracts. Analysts are examining how this "paper BTC" compares to the actual Bitcoin being traded and its impact on the market. Key points h ...
Cryptocurrency Dominates Reported Overseas Assets in South Korea: National Tax Service Report
In South Korea, a recent report from the country's tax organization, the National Tax Service (NTS), highlights the dominance of cryptocurrencies like Bitcoin (BTC) among reported overseas assets. The NTS issued an official announcement on September 20, revealing that 1,432 individuals and corpor ...