Finance News

Bitcoin is back in the top 10 most valued assets in the world. The throne is in sight.

"""You are translator in the blockchain field"""

Like a rocket, bitcoin is gradually approaching its All Time High from November 2021: 69,000 dollars. Currently, the flagship crypto oscillates between 41,000 and 42,000 euros. But this allows some analysts to predict a frenzied race towards other summits.

In recent weeks, all eyes have been on Ripple (XRP). In the ecosystem, most investors are anticipating an imminent explosion in the crypto's value, due to the developments in the ongoing lawsuit between Ripple and the SEC. Indeed, as discussions continue between the two parties, the XRP market is buzzing. XRP activity has reached a record high not seen since August. Details here.

The inimitable Max Keiser has restarted the rumor. Qatar is about to invest 500 billion in bitcoin. Just that…

Thanks to the use of blockchain and artificial intelligence, Rayn offers an innovative and novel formula for all its customers.

Bitcoin (BTC) is now cited as one of the most important assets in the global financial ecosystem. The latest figures show that this flagship cryptocurrency is so dynamic that it has managed to rank among the top 10 most strategic financial assets in the world, displacing some well-known financial giants.

Gold and Bitcoin are surging. While one mainly benefits from geopolitical tensions, the other gains from anticipation regarding ETFs and the halving event.

While the price of gold has reached a new record above $2,100 per ounce this week, the performance of the precious metal far surpasses that of Bitcoin. Whereas gold is entering unknown territory with a relatively stable dollar, Bitcoin still has to rebound more than 60% to surpass its previous peak.

Week after week, the crypto sector continues to innovate and redefine the boundaries of finance and technology with audacity and creativity. In this weekly recap, we will explore the most significant news of the past week.

Binance played the role of a catalyst for the rise of LUNC. The crypto exploded by 60% following an announcement from the exchange.

For several years, cryptocurrencies have been experiencing a special growth that is reshaping the global financial ecosystem. This dynamic, which is in line with the times, was until recently largely hindered by the absence of regulation in the crypto sector. This situation posed risks of anarchy and led to certain catastrophic events in recent months. To address these concerns, the European Union (EU) has taken the lead by introducing its regulation on crypto-assets markets (MiCA). At a time when several analysts anticipate a bull run in the cryptocurrency market, many specialists believe that the MiCA law will be one of the catalysts for this momentum. Let us analyze this in light of the potential of unprecedented crypto regulation, soon to be fully operational.

Canadians would be disappointed with cryptocurrencies. According to the latest statistics, a significant number of them have regretted their investments in this digital asset. Details !

The fact that Changpeng Zhao (CZ) is facing the full force of U.S. law has not prevented him from sharing a poignant testimony about Bitcoin (BTC). The former CEO of Binance recounts how his decision, a decade ago, to invest his entire being into the flagship cryptocurrency, completely changed his life. However, he does not call on users to emulate him.

Bitcoin is on its way to the moon. Its recent performances have sparked unprecedented enthusiasm, leading to a dramatic increase in the number of addresses with a non-zero balance. Details !

The crypto speculative fever around GameFi has abruptly subsided, leaving behind a devastated landscape littered with abandoned projects. A recent study reveals that between 2018 and 2023, no less than 75.5% of GameFi initiatives have gone bankrupt. Of the 2,817 games launched, 2,127 did not survive more than a year.

Is the future of Bitcoin in the hands of small investors? Indeed, 74% of holders have less than 0.01 BTC.

Elon Musk, the billionaire with quick wit, has just thrown his feelings in the face of advertisers who have interrupted their advertising campaigns on X. Feeling subjected to a kind of blackmail, the irritated entrepreneur throws away the cloak of political correctness and let loose. “Go fuck yourselves!” he shouted at the companies trying to “blackmail X”. It was on November 29th, during a conference organized by the New York Times in New York.

Everything is going according to plan for Standard Chartered Bank, which reiterated its April forecast that Bitcoin would reach $100,000 by the end of 2024.

"""You are translator in the blockchain field."""

Things are heating up between Venezuela and Guyana right now. The reason? Nicolás Maduro wants to reclaim Essequibo, a territory awarded to the British in 1899 following a “partial” decision by the judges of the time. Burdened by massive inflation, Venezuela needs to find other alternatives to get its economy back on track. And if that means the annexation of 2/3 of Guyana, where there are oil and other mineral resources, so be it.

A mysterious "whale" has been buying bitcoins without counting since the beginning of the month. This is an unmistakable sign.

While Chinese growth is faltering, Beijing is not hesitating to open the floodgates of fiscal and monetary stimulus in order to try to boost its battered economy. With credit easing, early distribution of local borrowing quotas, and massive issuance of government bonds, the Middle Kingdom is multiplying unprecedented expansionary measures. Objective: to regain vigorous growth by 2024.

A major transformation is shaking up Ethereum, making the global supply of crypto ETH deflationary. Decoding it!

The twilight of the petrodollar is no longer a myth. China and Saudi Arabia are rapidly de-dollarizing their exchanges. When will the petro-bitcoin arrive?

Recently, the crypto platform Binance and the United States Department of Justice (DOJ) reached an agreement to abandon the investigations conducted against the company. Interestingly, the Securities and Exchange Commission (SEC) did not participate in the agreement. According to some analysts, this stance is anything but innocent.

The BRICS member countries plan to launch a common currency for their organization in the near future. At present, there is no indication of the proposed currency's backing. Among analysts, the debate on whether it should be supported by cryptocurrency or gold is ongoing. And the question is not easy to answer. Some data show that cryptocurrency has advantages to offer as a backing for the BRICS currency. The same goes for the precious metal, gold. In this analysis, we will attempt to shed light on what is being said on this subject.

During his campaign for the presidential election in Argentina, Xavier Milei promised that he would work, once elected, to eliminate the country's central bank. Now that it's done, a rumor is emerging about this financial project. Some claim that it was just a campaign promise that the new tenant of Casa Rosada does not intend to fulfill. Javier Milei has formally denied these allegations.