Day: November 29, 2024

Bitcoin Technical Analysis: BTC Eyes 6-Digit Range Despite Resistance

2024-11-29 By admin

In the last hour, bitcoin’s price is coasting along between $97,865 to $98,580 on Nov. 29, 2024, after a bullish rally that pushed the market cap to $1.95 trillion. The cryptocurrency’s technical indicators suggest a strong upward momentum across multiple timeframes, though significant resistance looms near the $100,000 mark. Bitcoin Bitcoin’s (BTC) 1-hour chart reveals […]

EU Banking Rules Give Crypto Firms an Edge Over US Counterparts, Analysis Finds

2024-11-29 By admin

European Union banking regulations have provided a significant competitive advantage for crypto firms compared to the challenges faced by their U.S. counterparts, according to an analysis by Patrick Hansen, senior director of EU strategy and policy at Circle. Circle Exec: Regulatory Clarity Helps Europe Surpass U.S. in Crypto-Friendly Banks According to Hansen’s report, he highlights […]

Bitwise CIO: ‘Value’ Buyers Set to Diminish Bitcoin Violent Pullbacks

2024-11-29 By admin

Matt Hougan, CIO of Bitwise, the largest crypto asset management fund in the U.S., predicted that the volatility of bitcoin prices will be reduced due to the entrance of new “value” players to the market. Bitwise CIO: ‘Value’ Buyers to Bring More Stability to Bitcoin Matt Hougan, CIO of Bitwinse, a firm that provides crypto-based […]

LaFinteca and UTORG Announce Strategic Partnership to Expand Cryptocurrency Payment Solutions in Latin America and Europe

2024-11-29 By admin

PRESS RELEASE. LaFinteca, a leading financial services company in Latin America, today announced a strategic partnership with UTORG, a top provider of cryptocurrency solutions in Europe. This collaboration aims to integrate UTORG’s advanced technologies into LaFinteca’s operations, enhancing its digital payment solutions and establishing UTORG as LaFinteca’s main partner in Europe. With the growing demand […]

Bukele Aims to Tap Into the Massive Potential of Salvadoran Gold Reserves

2024-11-29 By admin

Salvadoran President Nayib Bukele recently highlighted the size and significance of the country’s natural gold reserves and how they can be used to improve the quality of life for Salvadorans. President Nayib Bukele Defies Mining Ban Law, Aims to Take Advantage of Salvadoran Gold Reserves El Salvador might be close to taking advantage of its […]

Hong Kong Seeks Crypto Hub Status With Tax Breaks

2024-11-29 By admin

Hong Kong is proposing tax breaks for hedge funds, private equity funds, and wealthy individuals investing in cryptocurrencies. Hong Kong and Singapore Vie for Top Financial Hub Spot Hong Kong authorities have reportedly proposed exempting hedge funds, private equity funds, and wealthy individuals from paying taxes on gains from cryptocurrencies. The proposals, aimed at making […]

Tether Discontinues Support for EURT, Set to Prioritize USDQ and EURQ

2024-11-29 By admin

Tether’s decision to discontinue EURT and prioritize USDQ and EURQ highlights the company’s forward-looking approach. Tether is Phasing out EURT Tether has decided to pull the plug on its Euro-pegged stablecoin, EURT. According to Tether’s announcement, holders of EURT will have until Nov. 27, 2025, to redeem their tokens, as the company will no longer […]