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Strike and Bitstamp have partnered to make Bitcoin and crypto buying accessible to more users in Europe. Bitstamp will provide fiat-to-crypto conversion support for Strike. Bitstamp has also partnered with Web3 platform Kryptos to help simplify crypto taxes for customers. Strike, a leading Bitcoin payments app launched by Jack Mallers, has partnered with crypto exchange Bitstamp to bring Bitcoin to more people in Europe . CoinDesk reported the story first. Bitstamp/Strike partnership On Wednesday, the two companies announced in a press release that they would collaborate to make crypto buying accessible and easier for customers in the European Union. Strike and Bitstamp are eyeing this partnership as one that offers an easier-to-use fiat-to- crypto on-ramp, which allows users to quickly and easily buy Bitcoin, Ethereum, Solana and other crypto currencies. Users have access to several on and off-ramps, including wire transfers, direct deposits, debit ca...

Bitcoin briefly tests $49k before rebounding to $51k amid a $270 billion crypto market selloff. Concerns over the US recession and Japan’s rate hike trigger market turmoil. FBI warns of rising crypto scams during increased market volatility. The cryptocurrency market has experienced a significant downturn today, shedding approximately $270 billion in value over 24 hours according to CoinGecko data. Leading this decline, Bitcoin plummeted by almost 20%, reaching $49,121, its lowest level since February at $53,091. Ether also suffered a substantial drop of 21%, falling to $2,300, erasing its gains for the year. Other cryptocurrencies like Binance’s BNB and Solana have also suffered significant losses. Bank of Japa hikes its benchmark interest rate This dramatic downturn in the crypto market coincided with a broader selloff in equities, particularly in Asia-Pacific markets, exacerbated by Japan’s Nikkei 225 falling by as much as 7%. The Bank...

Swan Bitcoin delays IPO plans due to shutdown of its mining operations. CEO cites reduced revenue from mining as reason for halting IPO efforts. Mining sector faces challenges, with firms like Bitfarms and Northern Data adapting. Swan Bitcoin, a financial services firm specializing in Bitcoin investments, has announced a significant strategic shift. Cory Klippsten, the company’s CEO, revealed that Swan Bitcoin will be scrapping its initial public offering (IPO) plans and shutting down its mining operations. The announcement, made on July 22 via X (formerly known as Twitter), comes as the company grapples with the financial fallout from recent developments in the cryptocurrency mining sector. Halting IPO plans pegged on cessation of Bitcoin mining activities According to Klippsten, the cessation of Swan Bitcoin’s mining activities is a pivotal factor behind the decision to delay the IPO indefinitely. He stated, “Without revenue from our m...

SEC postpones decision on 7RCC Spot Bitcoin and Carbon Credit Futures ETF to June 24, 2024. The ETF plans to invest 80% in Bitcoin and 20% in Carbon Credit Futures-linked financial instruments. Gemini has been named custodian for the ETF. The United States Securities and Exchange Commission (SEC) has announced a delay in its decision regarding the 7RCC Spot Bitcoin and Carbon Credit Futures ETF, a proposed exchange-traded fund focused on carbon credit futures contracts and Bitcoin (BTC). The delay was announced in a filing made on Thursday and it extends the timeline for the U.S. SEC to evaluate the proposed exchange-traded fund until June 24, 2024. During the extended timeline, the SEC aims to thoroughly review the proposal before making a final determination, citing the need for sufficient time to consider the potential impacts of the proposed rule change. The 7RCC Spot Bitcoin and Carbon Credit Futures ETF The 7RCC Spot Bitcoin and Carbon Credit Fut...

Over 9,000 people showed up for the Paris Blockchain Week attendees. The event was held at the Carrousel du Louvre. The fusion of classical art and modern cryptocurrency served as a focal point of the event BTCC Exchange made waves at Paris Blockchain Week with its innovative blend of Renaissance art and Bitcoin, captivating over 9,000 attendees at the prestigious event held at the Carrousel du Louvre from April 9 to 11. Artistic fusion at Paris Blockchain Week Paris Blockchain Week attendees were greeted by BTCC Exchange’s Renaissance-themed booth, adorned with a vibrant Mona Lisa backdrop and quirky reinterpretations of famous paintings from the era. The fusion of classical art and modern cryptocurrency served as a focal point of the event, sparking conversations and garnering attention from industry professionals and enthusiasts alike. Alex, Head of Operations at BTCC Exchange, emphasized the significance of intertwining historical art with the...

It’s 2024, and the investment landscape is undeniably shifting – traditional safe havens like gold ETFs are experiencing notable outflows in contrast to Bitcoin ETFs, which have seen a substantial increase in interest since their debut at the beginning of the year. This change suggests investors are exploring new territories, possibly looking for alternatives that promise both security and growth in these uncertain times as we had highlighted in this article. In this narrative, Galaxy Fox ($GFOX) is also heading to a lucrative road, soaking up liquidity and selling out over 2.7 billion tokens throughout the presale. Why is crypto leaning from gold to $BTC, and how is $GFOX surpassing some of the best altcoins? Bitcoin vs Gold in 2024 In the year 2024, the difference between investments in gold and Bitcoin has become much more obvious. A total of $2.4 billion has been pulled out of gold ETFs, with the biggest amounts being $230.4 million and $423.6...

Stacks (STX) price rose more than 20% to hit highs of $1.87 as Bitcoin hit $46.5k. Bitbot presale surpassed $480k and was eyeing the $500k milestone. Here’s what Bitcoin’s big move suggests for Bitbot, the world’s first non-custodial Telegram trading bot. The total crypto market cap rose more than 4% to above $1.8 trillion as Bitcoin price spiked past the $46k resistance level on Friday. As the “OG crypto” hit the paces once more, Stacks edged higher amid a double digit surge . Meanwhile, a new wave continued to swell in the shape of the viral presale of crypto token Bitbot. Stacks (STX) soars as BTC rallies to $46.5k A new injection of volatility on Thursday saw Bitcoin’s price surge past the $45k level to reach highs of $46,500 across major crypto exchanges. As the flagship crypto pushed higher to target its fifth straight green candle on the daily time frame, Stacks price spiked more than 20% to reach highs of $1.87. ...

Bernstein analyst says Bitcoin is more attractive than gold. Gautam Chhugani explained why in a research note today. Bitcoin is currently down about 10% versus its YTD high. Gold has a history of doing well in a recession – but this time Bitcoin is an even better investment, as per a Bernstein analyst . Bitcoin has a history of outperforming gold Gautam Chhugani continues to see the world’s largest cryptocurrency as the ‘safe haven’ since it has performed about five times better than gold since 2018. At 1.8%, he agreed that Bitcoin inflation is comparable to gold inflation for now but said “skeptics miss that every four years, [the former’s] inflation halves”. The total supply of Bitcoin is scheduled to halve in May of 2024. Historically, that event has resulted in significant price appreciation. Last week, billionaire hedge fund manager Paul Tudor Jones also said Bitcoin was a better investment than stocks in th...

Mizuho analyst forecasts up to $652 million in revenue for Coinbase in Q3. Dan Dolev continues to see sharp downside in the crypto stock to $27. Coinbase shares are already down roughly 35% versus their YTD high. Mizuho lowered its quarterly revenue estimate for Coinbase Global Inc on Wednesday. Its shares are down 1.0% at writing. Dan Dolev shares his view on Coinbase Dan Dolev now expects the crypto exchange to report revenue about 7.0% below his previous forecast for the third quarter. On Wednesday, he said in a research note to clients: We expect dwindling volumes combined with an expected drought in retail trading to meaningfully weigh on 3Q revenue. Note that Bitcoin trading volatility tanked to the level last seen over four years ago in August. The Mizuho analyst is, therefore, convinced that the Nasdaq-listed firm will come in about 10% shy of consensus estimate for revenue in its Q3. Coinbase shares are currently down 35% versus their year-t...

Bitcoin's price remained relatively stable, near $16,750 on December 22. The BTC/USD pair began trading at $16,845 and reached a high of $16,873 and a low of $16,800 on Thursday. The BTC/USD trades sideways due to low trading volume and volatility. Twitter Updates Search Feature with BTC and ETH Price Index On December 21, the Twitter Business account added a new feature that is an improvement over "$Cashtags."  Twitter, the social networking site, has launched a new cryptocurrency tool that allows users to look up the price of Bitcoin (BTC) and Ether (ETH) by simply typing their names or tickers into the search bar. The account stated that whenever a user tweets the symbol of a significant stock, exchange-traded fund, or cryptocurrency with $ in front of it, they will see a hyperlink that takes them to search results that now contain pricing graphs for those symbols. It also said that all you had to do to see the price graph was type in the ticker sym...