Bitcoin price makes a new 2024 high above $50,000, a level not seen in over two years. The price of Bitcoin (BTC) surged on Feb. 12, reaching its highest level since December 2021 as market participants’ excitement over spot BTC exchange-traded fund inflows and the upcoming BTC supply halving in April lifted investors’ expectations. At...Continue Reading

Bitcoin price rallies to $50,000, certifying BTC bulls’ intent to chase the price higher leading into the April halving event. Bitcoin price rose to an intra-day high of $50,000 on Feb. 12 for the first time since December 2021, following a streak of positive exchange-traded fund (ETF) inflows last week.  Bitcoin (BTC) rapidly rallied 3.25%...Continue Reading

The funding is backed by several crypto projects and venture firms, including Near, Wintermute, Orange DAO, Quantstamp, Tribe Capital and NGC Ventures. Web3 platform Analog has secured $16 million in funding to advance its cross-chain communication tools for developers. With the round, the startup’s valuation reaches $120 million on a fully diluted basis. Backing the round...Continue Reading

Major financial institutions and technology firms are realizing the transformative impact of blockchain and billion-dollar opportunities in the tokenization of private assets Blockchain technology is close to unlocking a $400 billion revenue opportunity for asset managers by enabling the tokenization and fractionalization of private assets, according to Polygon’s head of institutional capital, Colin Butler. Speaking...Continue Reading

The GMCI index will track the price performance of the top 30 cryptocurrencies by market cap, with conditions. Digital assets market maker Wintermute and crypto news outlet The Block will be launching a novel cryptocurrency market price tracking index. According to the Feb. 12 announcement, the new joint venture, Global Markets Crypto Intelligence (GMCI), will be...Continue Reading

BTC price wastes no time in accelerating toward the $50,000 mark as Wall Street trading gets underway — but some Bitcoin analysts remain cautious. Bitcoin (BTC) sought new two-year highs at the Feb. 12 Wall Street open amid fresh optimism over institutional buying. Data from Cointelegraph Markets Pro and TradingView showed BTC price action passing...Continue Reading

Ethereum weekly NFT sales volume rose over 99%, driven by a surge of interest in Pudgy Penguins and the Nobody NFTs. Ethereum-native nonfungible tokens (NFTs) are starting to make a comeback, following growing NFT sales figures this week. Wrapped Ether Rock #46 sold for $496,658 on Monday, four days after Bored Ape Yacht Club (BAYC)...Continue Reading

Users of some crypto exchanges based in the United Kingdom now need to pass a quiz to trade Bitcoin. New financial regulations from the United Kingdom’s Financial Conduct Authority (FCA) are creating what the agency calls “positive frictions” for U.K. users as part of its financial promotions legislation.  According to the FCA, “positive frictions” are...Continue Reading

Google launched the “AI Opportunity Initiative for Europe” to provide skill training to Europeans in the field of AI. Google announced plans to launch a support fund of 25 million euros ($26.9 million) to help support skill training for Europeans in the field of artificial intelligence (AI).  The AI Opportunity Initiative for Europe aims to...Continue Reading

BTC price action impresses with a seven-day winning streak, but major resistance now stands in the way of Bitcoin bulls. Bitcoin (BTC) starts a new week in fighting form after its highest weekly close since December 2021. BTC price strength continues as key resistance comes into play near $50,000 — is there more upside to...Continue Reading