Latest news in cryptocurrencies as of February 16, 2024
Here’s a roundup of some of the latest news in cryptocurrencies as of February 16, 2024:
Market:
- Bitcoin price hovers around $52,000, regaining its $1 trillion market cap. There are predictions of it reaching $55,400 soon, but some warn against the end of the “euphoria.”
- Ethereum trades near $3,000, but historical data suggests some red flags for its price. However, staking interest remains high with 25% of the circulating supply locked up.
- BlackRock’s Bitcoin ETF sees massive inflows, reaching nearly $500 million in a single day. This could be a major boost for mainstream adoption.
- Crypto trading volume is at its busiest level since June 2022, indicating increased activity and interest in the market.
Regulation:
- The UK government outlines a “world-first” regulatory regime for crypto, aiming to create a clear and supportive environment for the industry.
- Honduras bans banks from holding or transacting with cryptocurrencies, raising concerns about its approach to this emerging technology.
- The SEC in the US emphasizes the importance of whistleblowers in identifying and addressing crypto-related fraud and misconduct.
Other news:
- Coinbase donates $3.6 million to Bitcoin developers through Brink, supporting the open-source development of the leading cryptocurrency.
- Genesis, a major crypto lender, files for bankruptcy, highlighting ongoing challenges in the industry.
- Elon Musk scam ads appear on Twitter as key advertisers depart, raising concerns about misinformation and user safety on the platform.
- Bitcoin mining rate hits an all-time high, potentially impacting the supply and price of the cryptocurrency in the future.
Additional resources:
- CoinDesk: https://www.coindesk.com/
- Cointelegraph: https://cointelegraph.com/
- The Independent: https://www.independent.co.uk/topic/crypto
Disclaimer: This is not financial advice, and you should always do your own research before making any investment decisions. The crypto market is volatile and carries inherent risks.
Source – Partner Website: Telebit.com Crypto Currency and beyond.
