Historically, markets outperform after presidential elections and then stall once the President-elect takes office, data shows. Source: https://cointelegraph.com/news/market-data-hints-local-top-trump-inauguration?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: December 2024
Bitcoin ETFs Hit $6.3 Billion Inflows in November
November saw total inflows for bitcoin exchange-traded funds (ETFs) surpass previous monthly records, reflecting heightened institutional and retail interest. Record Month for Bitcoin ETFs November 2024 marked a significant milestone for bitcoin exchange-traded funds (ETFs), with a record-breaking net inflow of $6.3 billion in investor funds, highlighting renewed confidence in the cryptocurrency sector. According to […] Source: https://news.bitcoin.com/bitcoin-etfs-hit-6-3-billion-inflows-in-november/
Coinbase integrates Apple Pay for all Onramp apps
The integration requires no action from app developers and is currently live for all users. Source: https://cointelegraph.com/news/coinbase-integrates-apple-pay-onramp-apps?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin price weakens, but BTC derivatives remain healthy
Bitcoin derivatives reflect traders’ confidence in the market and suggest the current price action is just a consolidation phase. Source: https://cointelegraph.com/news/bitcoin-price-weakens-but-btc-derivatives-remain-healthy?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin Mining Revenue Rises as Public Firms Reap Sizable Stock Gains: JP Morgan
As the price of Bitcoin swelled past $99,500 last month, some publicly traded Bitcoin miners saw their stock prices soar, according to a research note released by JP Morgan Monday. The collective market capitalization of 14 Bitcoin miners tracked by JP Morgan increased a “staggering” 52% month-over-month to $36.2 billion, the note stated. Among November’s best performers, analysts noted that…
Nigerian Crypto Exchange Bitmama Halts Virtual Mastercard Services
Nigerian crypto exchange platform, Bitmama, has temporarily halted its virtual Mastercard services due to unforeseen issues with its provider. This move follows a trend of fintechs in Africa facing challenges with card services, including fluctuating exchange rates, chargeback fraud, and insufficient funds. While some fintechs blame provider issues, others cite high costs and limited revenue […] Source: https://news.bitcoin.com/nigerian-crypto-exchange-bitmama-halts-virtual-mastercard-services/
Nike Is Killing Its Ethereum NFT Sneaker and Avatar Company RTFKT
RTFKT, a digital fashion and technology company that was acquired by Nike in 2021, is shutting down. “Today we’re announcing the plan to wind down RTFKT operations,” the company said in a statement on X, formerly known as Twitter. “Looking back we’re incredibly proud of everything we’ve achieved together.” The company (pronounced “artifact”), which burst onto the digital collectible scene…
Bolivia Becomes a Hotbed After Lifting Crypto Blanket Ban
The Central Bank of Bolivia shared numbers that show the country’s crypto activity is overheating. According to the institution’s data, purchase and sales operations for crypto assets grew over 100% after the bank lifted a blanket ban on crypto operations earlier this year. Bolivia Heats up With Crypto Adoption, Over 252,000 Hold Digital Assets Bolivia, […] Source: https://news.bitcoin.com/bolivia-becomes-a-hotbed-after-lifting-crypto-blanket-ban/
VC Roundup: November wraps with 99 deals across blockchain startups
This edition of Cointelegraph’s VC Roundup features Talus Network, Kernel, Astherus, Barter and Rarimo. Source: https://cointelegraph.com/news/vc-roundup-november-99-deals-blockchain-startups?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Rollups alone won’t unlock blockchain’s true potential
Ethereum’s scalability solution may create more problems than it solves. Here’s why we need to look beyond rollups. Source: https://cointelegraph.com/news/rollups-alone-won-t-unlock-blockchain-s-true-potential?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound