Inflation has ravaged Argentina. If you’d saved $100,000 USD worth of Argentine pesos in 1995, they would be worth about $310 USD today. In November 2023, the inflation rate was reported to be as high as 185%.  Recently, the country’s struggling population has begun to turn to cryptocurrency as an improved payment method and a
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Fidelity’s spot Bitcoin (BTC) exchange-traded fund (ETF) swiftly secured its position as the second ETF provider to surpass $1 billion in assets under management (AUM) within a week of its launch. Data from Bloomberg shows that Fidelity’s Wise Origin Bitcoin Trust achieved this milestone on its fifth day of trading, recording flows that reached $1.01
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Quick Take Blackrock has increased its Bitcoin holdings in its Exchange-Traded Fund (ETF) as the fund now retains an impressive count of 28,622 Bitcoin, with an addition of approximately 3,555 Bitcoin. The Blackrock iShares Bitcoin ETF not only made headlines as the inaugural fund to surpass the $1 billion threshold but continued its upward trajectory
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The Office of the President of the Republic of Korea urged the financial regulator, the Financial Services Commission (FSC), to reevaluate its stance on spot crypto Exchange Traded Funds (ETFs), local media outlet Maekyung reported on Jan. 19. The President’s office encouraged the financial regulator to adopt a flexible approach to these financial products instead
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While the launch of spot Bitcoin ETFs in the U.S. put Bitcoin under the spotlight, focusing solely on its price movements provides an overly simplified, shallow representation of the market. It’s important to analyze Bitcoin in the context of other assets — both crypto and traditional. Bitcoin’s relationship with Ethereum has always been meaningful. The
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Quick Take The Bitcoin market is showing differentiation in the behavior of long-term holders (LTHs) and short-term holders (STHs). LTHs, defined as holding Bitcoin for a period of more than 155 days, are beginning to send profits to exchanges. This trend is observed from the time when Bitcoin prices dipped to $26,000 from $30,000 in
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Aave, a decentralized finance (DeFi) platform, has published a governance proposal to integrate Chainlink’s Cross-Chain Interoperability Protocol (CCIP) for secure cross-chain transfers of its GHO stablecoin.  Aave Wants To Integrate Chainlink’s CCIP For Cross-Chain GHO Transfers The suggestion, floated by Aave Labs, the lending and borrowing protocol’s developer, says the CCIP integration addresses the current

According to the Bitcoin ESG Forecast, sustainable energy-powered Bitcoin mining hit a new record high of 54.5% in 2023, with sustainable mining as a whole increasing by 3.6%. By comparing Bitcoin’s sustainable energy mix to other businesses over the last four years using publicly accessible data, The Bitcoin ESG Forecast

The on-chain analytics firm Santiment has revealed that the altcoins have been showing a recent divergence in network growth. Altcoins Are Observing Polarization When It Comes To Network Growth In a new post on X, Santiment has explained how the altcoins have been separating from each other following the big Bitcoin spot ETF news last

BlackRock’s Bitcoin ETF has broken records—but BTC’s price is down bad since the historic launch of the long-awaited investment vehicles.