Spot Bitcoin ETF Approval Could Trigger NFTs Comeback
Web3 experts assert that the approvals by the United States Securities and Exchange Commission (SEC) of the first spot Bitcoin exchange-traded funds (ETFs) in the United States could stimulate the declining nonfungible tokens (NFTs) ecosystem. According to Bill Qian, chairman of crypto investment firm Cipher Capital, presumably, “alternative assets” such as NFTs will “benefit indirectly” […]
Honduras Economic Zone formally Recognizes Bitcoin As Unit of Account
Próspera, a special economic zone located in Roatan, Honduras, has formally acknowledged Bitcoin as a unit of account, enabling its utilization in the valuation of products and services on the market less than two years after its adoption as legal tender. On January 5, Jorge Colindres, the interim manager and tax commissioner of Próspera ZEDE […]
Michael Saylor to Sell $216M in MicroStrategy Stocks for Additional Bitcoin
Michael Saylor, executive chairman of MicroStrategy, has initiated a four-month process to sell $216 million worth of his company’s stocks, stating a portion of the proceeds will be used to purchase additional Bitcoin. Saylor disclosed in a filing with the United States Securities and Exchange Commission dated January 2 that he had commenced the sale […]
Bitcoin ATMs Installation Decrease by 11% in Last 1 Year
The quantity of Bitcoin ATMs installed has decreased by approximately 11.1% since the commencement of 2023, from 37,827 on January 1, 2023, to 33,628 on January 1, 2024. According to Coin ATM Radar, the number of cryptocurrency ATMs worldwide has decreased from 37,827 on January 1, 2023, to 33,628 as of January 1, 2024. In […]
Ether May Outperform Bitcoin in 2024 – ETC Group Report
The ETC Group has conducted research indicating that Ether, the native cryptocurrency of Ethereum, may surpass Bitcoin in performance by 2024 despite market challenges. André Dragosch, Head of Research at ETC Group, bases this prognosis on Ethereum’s substantial technological advancements. Dragosch highlighted the progression of Ethereum into a preeminent smart contract platform, implying that it […]