Bitcoin

Singapore, Asia, September 19th, 2024, Chainwire Harvard Students and Alumni Launch Groundbreaking Native Bitcoin Blockchain Project at Harvard Innovation Labs to Tackle Global Debt Crisis   Launch of "New Bretton Woods Project" (NBW): A Harvard-led initiative, soon to be incubated at Harvard Innovation Labs, tackling the global debt crisis through decentralized finance (DeFi) solutions.  Native Bitcoin Stablecoin: NBW is developing a Bitcoin-backed stablecoin via BeL2 infrastructure, offering stability while preserving Bitcoin’s decentralization and security.  Economic Disruption and Resilience: The project aims to reshape…

Crypto analyst Jelle has highlighted a bullish pattern on the Bitcoin chart, which he predicts could send its price as high as $90,000. He also provided a timeline for when this parabolic rally could begin. This comes amid a bullish outlook for the flagship crypto following the Fed rate cuts.  Descending Broadening Wedge Could Send Bitcoin To $90,000 In an X post, Jelle mentioned a descending broadening wedge pattern that had formed on Bitcoin’s chart. He claimed that the pattern…

According to the Financial Times, the Swiss stock exchange SIX, the third largest in Europe, is exploring the possibility of launching a new Bitcoin and crypto exchange in the country, aiming to position itself to compete with exchanges like Binance, OKX and Coinbase.  SIX Group Plans New Bitcoin Trading Venue Bjørn Sibbern, Global Head of Exchanges at SIX Group, highlighted the potential for creating a platform to facilitate trading in spot cryptocurrencies and derivatives, noting that crypto has become a…

An analyst has explained how Bitcoin will likely continue the latest bullish swing, at least in the short-term. Bitcoin Spot Exchange Supply Has Been On The Decline Recently In a new post on X, analyst Willy Woo has discussed the short-term and medium-term trajectories that BTC could follow. For the former, the analyst says the bullish trend would continue, with “likely 1 week left in play.” In the medium term, things appear to be more complicated, as Woo has pointed…

The Federal Reserve announced the first rate cut since early 2020, with  50 basis points. More rate cuts are on the table going into the end of this year, with another 75 bps anticipated. Bitcoin has risen to $62,000 on the news, with bulls looking to take advantage of increasing liquidity. A new easing cycle Not just the U.S., but the world, have entered a new economic cycle of easing, designed to cope with faltering economies, and the next roll-over…

The Federal Reserve instituted a 50-point rate cut, with promising liquidity conditions for a Bitcoin price spike. However, risks abound with cuts this severe, and crypto profits are far from guaranteed. Global liquidity is very likely to increase, but this might not equal Bitcoin inflows. Rate Cuts, Liquidity and Bitcoin The Federal Reserve has decided on a 50-point rate cut, and Bitcoin’s price has been soaring. Given these and broader market trends, many in the community expect a Bitcoin bull…

Despite a modest uptick in Bitcoin prices this September, BlackRock’s iShares Bitcoin Trust (IBIT) has experienced sluggish inflows. It netted just $6.76 million for the month. While IBIT has been stagnant, other funds faced outflows. Bitcoin ETFs Recorded $155 Million in Outflows BlackRock’s Bitcoin ETF – IBIT saw varied trading volumes. It recorded an inflow of $15.82 million on September 16. However, this gain was offset by an outflow of $9.06 million a week earlier, culminating in a modest net…

Former US President Donald Trump recently made headlines when he purchased burgers using Bitcoin at PubKey, a bar in Greenwich Village, New York City. Trump claimed this was the historic first time any US president had used cryptocurrency for a transaction. The event, held before a campaign rally, highlights Trump’s recent shift toward embracing digital assets as part of his 2024 campaign strategy. PubKey Co-Owner Sees Trump’s Transaction as Bitcoin’s ‘Coming of Age’ Moment Trump completed the transaction, totaling $998.70,…

Bitcoin (BTC) reacted to the Federal Open Market Committee (FOMC) meeting on Wednesday, which showed policymakers resorted to a 50 (0.50%) basis points (bps) interest rate cut for September. This decision marks the beginning of an easing cycle, with more rate cuts to come in 2024. FOMC Cuts Interest Rates, Bitcoin Jumps Over $60,000 The Federal Reserve has cut interest rates by 50 basis points, the first reduction since early 2020. Financial markets, including crypto investors, had been expecting this…