Author: armarachristine

While bitcoin (BTC) proponents commonly view the largest cryptocurrency as a digital version of gold, a new report from global bank Standard Chartered argued investors should see it more like a tech stock with some extra benefits.Led by Geoff Kendrick, the StanChart team said bitcoin’s correlation with the Nasdaq has “almost always” been stronger than with gold, the old-school safe haven asset. While BTC may have a role as a place to hide in instances of financial instability like the 2023 regional banking crisis or what might be the unsustainable U.S. debt trajectory, the report said, the reality is that…

The Department of Treasury has lifted Sanctions on Tornado Cash, the Ethereum based smart contract mixer, following a series of legal defeats and administrative challenges.“Based on the Administration’s review of the novel legal and policy issues raised by use of financial sanctions against financial and commercial activity occurring within evolving technology and legal environments, we have exercised our discretion to remove the economic sanctions against Tornado Cash as reflected in Treasury’s Monday filing in Van Loon v. Department of the Treasury,” the Treasury Department stated.  Quick Overview of the Tornado Cash Story Tornado Cash was launched in 2019 as a…

The cryptocurrency market has gradually gained bullish sentiment after being trapped in a correction mode for the larger share of the first quarter of 2025. The total crypto market cap has edged 1 percent in the past 24 hours to hover about $2.94 trillion on Monday, March 24, during the early European session. Last week’s gold price rally to a new all-time high of above $3k has significantly boosted the bullish sentiment for the wider crypto market. Moreover, global markets have largely factored in the U.S.-led tariff wars.What to Expect of Bitcoin this WeekBitcoin price opened earlier today with a bullish…

A popular crypto strategist says that a confluence of macroeconomic factors is flashing bullish for Bitcoin (BTC). Pseudonymous analyst TechDev tells his 517,800 followers on the social media platform X that the Bitcoin bull market is not yet over based on a setup that features rising global liquidity and a bottoming business cycle. Global liquidity measures the amount of money sloshing in the world’s financial system, while the business cycle refers to the rise and fall of economic activity over time. According to the crypto trader, Bitcoin tends to witness the most explosive part of its bull market whenever global…

China Pacific Insurance (CPIC) Investment Management, a Hong Kong-based subsidiary of one of China’s largest insurance groups, rolled out a tokenized U.S. dollar money market fund as the asset tokenization trend is expanding to Asia.The eStable Money Market Fund (MMF) was launched on the HashKey Chain, a permissioned blockchain for institutional users developed by digital asset group HashKey, and has secured $100 million in subscription on the first day, according to a Monday press release.The product is only accessible for professional and institutional investors and invests in U.S. dollar-denominated short-term fixed income assets and money market instruments. The PAC serves…

Business intelligence company Strategy has purchased an additional $584 million worth of bitcoin, increasing its total holdings to over half a million BTC. Strategy acquired 6,911 bitcoin between March 17-23 at an average price of $84,529 per coin. This brings the company’s bitcoin reserves to 506,137 BTC purchased at a cost of $33.7 billion. Strategy has been aggressively accumulating bitcoin since 2020 under the direction of CEO Michael Saylor. The company views bitcoin as a long-term store of value to hedge against inflation and global uncertainty.Funds for this latest bitcoin purchase came from Strategy’s sale of 1.975 million shares of…

The cryptocurrency market has grown by 1% in the past 24 hours, with most of the top ten cryptos, including Bitcoin, seeing gains. But the real standout is Bitcoin, which has surged 3.5%, pushing its price to $87,178.13. This marks a steady climb of 3.43% since the start of the month.However, not everything is smooth sailing. While Bitcoin is riding high, analysts are eyeing a potential pullback that could shake things up. Could this rally be running out of steam, or is there still more room to grow?Here’s what traders need to watch in the coming days.Bitcoin’s Recent Ups and…

A large Bitcoin investor has been spotted moving a quarter of a billion dollars worth of BTC after lying low for over eight years. Data from blockchain analytics firm Arkham traces the BTC to Coinbase, the largest US crypto exchange, where the deep-pocketed investor bought the BTC before holding on to the stash for nearly a decade. “$250 million BITCOIN WHALE WAKES UP AFTER eight YEARS A Bitcoin Whale that has held BTC since late 2016 has just moved over $250 million in BTC… His Bitcoin stack went from $3 million in early 2017 to over $250 million today –…

Bitcoin (BTC) may have surged above the $100,000 mark last year, but not all bitcoin-centric businesses benefitted from the price action.Bitcoin Depot (BTM), a firm that specializes in selling bitcoin ATMs, has seen a revenue loss from $150 million in the fourth quarter of 2022 to $137 million in the fourth quarter of 2024.The lower transaction volume was primarily due to regulatory changes in the state of California, the firm told CoinDesk. Furthermore, Bitcoin Depot’s cash flow has historically been uncorrelated to bitcoin’s price action, contended Brandon Mintz, the firm’s president and CEO.“Even when we saw that crash in 2022,…

Tabit Insurance SCC has announced the capitalization of a $40 million insurance facility, funded entirely in Bitcoin, according to a press release sent to Bitcoin Magazine. This marks the first time a property and casualty (P&C) insurer has held all of its regulatory reserves in BTC while continuing to denominate its insurance policies and premiums in U.S. dollars. The company expressed the benefits of its funding approach, allowing regulators and auditors to verify reserves in real time. According to Tabit, its use of BTC as capital is intended to provide an alternative source of capacity for the insurance industry. The…