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Matt Hougan e1721230029336

Bitwise CIO Matt Hougan says Bitcoin could hit $500,000 following launch of Bitcoin reserve

Bitwise Chief Investment Officer, Matt Hougan, stated that the price of Bitcoin could hit $500,000 following the proposed launch of a strategic Bitcoin reserve in the United States.  Matt Hougan’s projections align with that of various analysts expecting a pump in Bitcoin price if the strategic Bitcoin reserve is launched.  Speaking as a guest on…

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Investment Banking Giants Morgan Stanley Considers Adding Crypto Trading to Services 

Morgan Stanley’s retail brokerage arm E*Trade is considering adding crypto trading to the services it offers its clients per report from the information.  A proposed onboarding into crypto trading for Morgan Stanley, a world-leading investment bank with over $1.5 trillion in Assets Under Management (AUM) has sparked a lot of excitement and speculation in the…

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Brazilian Government Investigates Binance

Binance Becomes First Crypto Exchange to Obtain a Broker License in Brazil 

Binance, the largest crypto exchange by Market capitalization announced that it has secured approval from the Central Bank of Brazil for the acquisition of a locally licensed broker-dealer institution in the country.  Binance announced the development via its official website remarking that the approval marks the firm's 21st global regulatory milestone.  “ In a development…

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tether eu mica

Blockchain Consultant Calls for Moderation and Strategic Timing from MICA over Spat with Tether

Alex Pawlowski, Managing Director at Ascent Partner called for a moderate approach and strategic timing from Europe's MICA in its ongoing spat with Tether (USDT). On the 30th of December 2024, Tether the largest stablecoin issuer in the world became officially non-compliant following stringent measures for stablecoins put in place by European Union’s Markets…

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Jolani

Syria’s Transitional Government Proposes Plan to Legitimize Bitcoin and Digitize Local currency

The Syrian Centre for Economic Research under the transitional government of Syria proposed a bill seeking to legitimize Bitcoin in the country and Digitize the nation's Local currency.  The Bill titled “ Bitcoin Policy in Syria” looks to accelerate reconstruction, ensure market freedom, and protect Syrian citizens from inflation and currency devaluation.  The Bill also…

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Ethereum ETF 1

Spot Ethereum ETFs sheds $55 million recording no inflows for the day 

The Nine Spot Ethereum ETFs recorded no inflow yesterday while losing $55 million.  Surprisingly, there was no inflow on both Spot Bitcoin ETFs or Spot Ethereum ETFs yesterday a very rare occurrence since both Exchange-traded funds were launched.  Bitcoin ETFs lost a whopping $415 million yesterday while Ethereum ETFs lost $55 million.  Spot Ethereum ETF…

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