Author: Admin

Exciting news for crypto investors in Australia! The Australian Securities Exchange (ASX) has approved its first spot Bitcoin exchange-traded fund (ETF). This new ETF, called the VanEck Bitcoin ETF (VBTC), will start trading on June 20. VanEck, the investment firm behind this ETF, made the announcement recently. This approval comes not long after VanEck launched a similar spot Bitcoin ETF, the VanEck Bitcoin Trust (HODL), in the United States in January. This marks a significant milestone for both VanEck and the Australian crypto market. Arian Neiron, the CEO of VanEck’s Asia-Pacific region, highlighted the increasing interest in Bitcoin investments within…

The altcoin market, which includes smaller cryptocurrencies, might be presenting new investment opportunities after a rough few months. Since Bitcoin reached a new high earlier this year, many altcoins have seen significant declines. Jamie Coutts, a crypto analyst at RealVision, noted on June 13 that smaller cryptocurrencies have been hit hard since Bitcoin peaked in March. Bitcoin itself reached a high of $73,679 on March 13 but has since dropped nearly 6% to around $67,126. Coutts believes the market is going through a regular mid-cycle correction. If this is true, it could mean there are good buying opportunities in mid…

In an exciting development, large Bitcoin investors, known as “whales,” have bought an astonishing $1.4 billion worth of Bitcoin in just 24 hours. This buying frenzy happened during a market correction and comes as the amount of Bitcoin available on exchanges has dropped to its lowest level since December 2021. Key Points What This Means: Confidence Among Big Investors: These large-scale purchases suggest that whales believe Bitcoin’s current lower prices are a good buying opportunity. They see value in buying now and holding for the future. Reduced Supply on Exchanges: When Bitcoin is moved off exchanges, it usually means investors…

Elon Musk has decided to drop his lawsuit against Sam Altman, the CEO of OpenAI. This unexpected move has caught the attention of many in the tech world, as Musk and Altman are two influential figures in the industry. Key Points: What This Means: Expert Opinions: Tech experts think this move could reduce tensions between Musk and OpenAI, encouraging a healthier discussion about the future of AI development. For more updates on this story and other tech news, follow us on our social networks and stay informed about the latest developments in the tech world.

Metaplanet, often called ‘Asia’s MicroStrategy,’ saw its stock price soar by 10% on Tuesday after announcing another big Bitcoin purchase. This is the company’s third Bitcoin buy in just seven weeks. Key Points New Bitcoin Purchase: Metaplanet bought 23.25 Bitcoin for almost $1.59 million. This brings their total Bitcoin holdings to 141.07 Bitcoin, worth over $9.6 million. Stock Price Increase: The stock price jumped 10.8% to $0.59 (92 Japanese yen) and then settled at $0.57 (89 Japanese yen) on the Tokyo Stock Exchange. Investment Details: Metaplanet’s average purchase price for Bitcoin is $65,365 (10,278,391 Japanese yen) per Bitcoin. Profit on…

This week’s Crypto Biz brings you the latest news in the cryptocurrency world, including ARK Invest’s recent decisions, key moves by major companies, and updates from Bitcoin miners. Here are the top stories: ARK Invest Withdraws Spot Ether ETF Bid ARK Invest, along with 21Shares, has decided to pull back its application for a spot Ether ETF. This move surprised many in the crypto community, as interest in Ethereum-based investment products is growing. While the exact reasons for the withdrawal are unclear, it shows the challenges and regulatory obstacles that come with launching new crypto financial products. Galaxy Digital’s Tokenized…

Bitcoin and Ether prices have stayed low following a sudden market drop earlier this week. According to data from Cointelegraph Markets Pro and TradingView, Bitcoin’s price has started to stabilize as we head into the weekend. Sudden Market Volatility Bitcoin, the largest cryptocurrency by market cap, experienced unexpected price swings due to confusing U.S. employment data released earlier this week. This data caused uncertainty among investors, leading to sharp and sudden movements in Bitcoin’s price. The employment figures were described as “schizophrenic,” reflecting the unpredictable nature of the data and its impact on the market. Impact on Altcoins The volatility…

Bitcoin’s current bull run looks set to continue, thanks to a record high in global liquidity. On June 5, Philip Swift, the creator of LookIntoBitcoin, shared new analysis showing global liquidity nearing an unprecedented $100 trillion. Record Global Liquidity Bitcoin and cryptocurrency markets are very sensitive to global liquidity trends. This year, conditions seem perfect for Bitcoin prices to rise. Swift’s analysis tracks the world’s M2 money supply and its impact on Bitcoin prices. The M2 money supply, in US dollar terms, has reached $94 trillion, a new high. This is $3 trillion more than when Bitcoin reached its all-time…

BNB Price Soars: What’s Driving Today’s Increase? Today, Binance cryptocurrency, BNB, has seen a significant increase in its price. On June 5, BNB reached a new record high of around $716, rising by 4.50% intraday and more than 14% in the last 24 hours. This performance is notable as BNB outperformed the broader crypto market, which grew by 3.5% in the same period. No Clear Fundamental Reason Interestingly, there isn’t a specific fundamental reason for BNB’s price surge compared to the rest of the crypto market. Instead, the increase appears to be driven by broader economic factors and technical indicators.…

Introduction: We’re excited to share some big news from RIGO Wallet — our web version is now available globally and it can be used in 10 different languages! This is a big step forward for us as we want everyone, no matter where they’re from, to be able to easily manage their money online. And guess what? We’re planning to add even more languages soon! Breaking Down Language Barriers: At RIGO Wallet, we believe that everyone should have access to our services, no matter what language they speak. With our web version now supporting 10 languages, you can use RIGO…