Author name: Peter

Ethereum Technical Analysis: Examining Ether’s Market Volatility Amid ETF Anticipation

Ethereum's Trading Value and Market Overview Ethereum is currently trading at $2,265, with a daily range of $2,170 to $2,310. It has a market capitalization of $272 billion and a robust 24-hour trading volume of $19.24 billion. Like many other cryptocurrencies, Ethereum experiences volatility similar to that of Bitcoin, especially as the anticipation for the […]

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Former SEC Chair Says Approval of Spot Bitcoin ETF is Inevitable

A bold statement has emerged from a former U.S. Securities and Exchange Commission (SEC) Chair Jay Clayton, suggesting that the approval of a Spot Bitcoin Exchange-Traded Fund (ETF) is inevitable, stating that "there's nothing left to decide," in an interview with CNBC today. Confident Proclamation The former SEC Chair's confident proclamation hints at an imminent

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The Market Anticipates Federal Reserve’s Target Rate Decisions

This year, similar to the speculation of the previous year, market observers eagerly await the U.S. Federal Reserve's decisions regarding the federal funds rate. There is a particular focus on potential rate cuts in the coming months. According to Ellen Zentner, Morgan Stanley's lead economist in the U.S., rate reductions are predicted. However, she cautions

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Bitcoin Skyrockets Past $47K, Surpasses Meta in Market Cap Amid ETF Speculation and Intense Trading

Bitcoin's Impressive Rally On Monday, Bitcoin broke through the $47K mark, driven by increasing excitement surrounding the potential launch of a U.S. spot Bitcoin exchange-traded fund (ETF). The leading cryptocurrency started the day at $43,247 per unit and reached a peak of $47,281 by 2:10 p.m. Eastern Time (ET). Bitcoin's Market Cap Surges In the

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The Crypto App: Empowering Crypto Traders and Investors

Introduction The Crypto App is a powerful toolkit designed for crypto traders and investors to enhance their understanding of crypto markets, implement data-driven trading strategies, and improve risk management methods. Launched in 2017, this all-in-one cryptocurrency tracking, analytics, and content platform has revolutionized the way people engage with the crypto industry. With its comprehensive features

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Koree Raises $200,000 in Pre-Seed Funding to Launch Rewards Marketplace

The Cameroonian fintech startup Koree recently secured $200,000 in pre-seed funding, with the round being led by Tunde Akinnuwa, co-founder of Nigerian payments company Duplo. The funding will be used by Koree to launch a marketplace that offers users rewards for their purchases. Expanding Merchant Network and Customer Base Koree, the Cameroonian fintech startup, has

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The Risks of Coinbase’s Role as Custodian for Bitcoin Spot ETF Applications

The Importance of Custodial Risk When it comes to the approval of the Bitcoin Spot ETF, one question arises: Who's carrying the bags? As Coinbase secures its position as custodian for 9 out of 12 Bitcoin Spot ETF applications, it's worth delving into the risks associated with this role. Custodial risk refers to the potential

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Prospera Adopts Bitcoin as Unit of Account: Paving the Way for a Bitcoin Circular Economy

The First Steps towards a Bitcoin-Based Economy The city of Prospera in Honduras has recently taken a groundbreaking step by adopting bitcoin as a unit of account. This decision allows businesses to pay taxes and determine financial obligations using bitcoin. With bitcoin already being recognized as legal tender in the city since 2022, this move

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SEC’s Unauthorized Spot Bitcoin ETF Announcement: A Social Media Mishap

Introduction The U.S. Securities and Exchange Commission (SEC) made waves in the cryptocurrency community when its official social media account on X platform announced the approval of spot bitcoin exchange-traded funds (ETFs) on Tuesday. However, within minutes of the announcement, SEC Chairman Gary Gensler clarified that the post was unauthorized and that the agency's social

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Nigerian Payments Fintech Startup Cleva Secures $1.5 Million in Pre-Seed Funding

Cleva, a Nigerian fintech startup, has successfully raised $1.5 million in pre-seed funding, with support from Y Combinator, a prominent technology startup accelerator in the United States. The funding round was led by 1984 Ventures, an early-stage venture capital firm, and included participation from The Raba Partnership, Byld Ventures, Firstcheck Africa, and a number of

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