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 […]
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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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 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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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
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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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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ASIC Accused of Neglecting Investor Protection An Australian government official has raised concerns about the Australian Securities and Investments Commission (ASIC) failing to issue a consumer warning against the Hyperverse crypto investment scheme. Stephen Jones, the assistant treasurer in the Australian government, plans to query ASIC's decision and question why it did not follow the
Peter Brandt's Perspective on Bitcoin ETFs According to veteran trader Peter Brandt, the current hype around bitcoin exchange-traded funds (ETFs) may serve as a signal for experienced traders to sell their holdings. Brandt also believes that the anticipated approval of spot bitcoin ETFs can be seen as a classic "buy the rumor, sell the news
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The U.S. Securities and Exchange Commission (SEC) has made a groundbreaking decision by approving 11 spot bitcoin exchange-traded funds (ETFs) to be listed and traded on major U.S. stock exchanges. This move comes after years of anticipation and regulatory challenges, and the approved spot bitcoin ETFs are set to begin trading on Thursday on NYSE
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