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The inter-ministerial group, tasked with developing a complete cryptocurrency policy, now includes the RBI and SEBI.
Share link:In this post: BlackRock jumped into the Bitcoin ETF market mainly because their clients were asking for it. CEO Larry Fink, once a crypto skeptic, now sees Bitcoin as “digital gold” after studying the space deeply. There’s strong interest in Bitcoin and Ethereum, but not much enthusiasm for other cryptocurrencies among BlackRock’s clients.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on
Share link:In this post: VanEck predicts Bitcoin could hit $3 million per coin by 2050, becoming a major global currency. They think new tech will solve Bitcoin’s current transaction problems, making it useful for international trade. Despite its potential, Bitcoin has a lot of issues to clear before it can replace traditional currencies.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. W
Share link:In this post: The U.S. economy grew by 2.8% in Q2, beating expectations and showing strong consumer spending. The Federal Reserve is considering cutting interest rates, but the labor market is starting to soften. President Biden maintains tariffs on China and focuses on tech and climate policies, aiming for long-term economic stability.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on thi
Quick Take BlackRock Head of Digital Assets Robert Mitchnick said at the Bitcoin 2024 conference that the launch of spot Ethereum ETFs is unlikely to open the door to funds that track other crypto assets. ETH is not a bitcoin competitor — the assets are better seen as “compliments.” Bitcoin’s risks are fundamentally different from those of traditional assets, such as banking crises, geopolitical disorder, inflation, deficits, debt and currency debasement.
Quick Take 92,000 ETH, valued at around $287.7 million, moved for the first time in seven years. The wallet initially received 96,474 ETH valued at $130,320 on Sept. 1, 2015 12:21:51 UTC from the Ethereum Foundation.
- 15:47In the past 24 hours, $187 million has been liquidated across the network, with both long and short positions blown upCoinglass data shows that in the past 24 hours, the entire cryptocurrency market has liquidated $187 million, of which $108 million were long positions and $78.7008 million were short positions. The total amount of BTC liquidations was $57.0266 million, and ETH liquidations amounted to $38.2457 million.
- 15:46The market value of Musk's concept Meme coin RFC briefly broke through 100 million US dollars, setting a new historical highAccording to GMGN data, the market value of Musk's concept Meme coin RFC briefly broke through 100 million US dollars, setting a new historical high.
- 15:45Fox News Reporter: NASDAQ may surge due to tariff exemptions, hasty implementation of tariff policy causes investor dissatisfactionFox Business reporter Charles Gasparino stated on social media, "The market's reaction to Tim Apple's tariff exemption is expected to be positive; NASDAQ may surge as the exemption also applies to Nvidia and other large tech companies. Insiders say that from a political perspective, this move further exposes the weak arguments of US Commerce Secretary Lutnick and US Trade Advisor Navarro - namely that high tariffs and other restrictive measures can 'magically' create jobs domestically. If so, why exempt those companies most dependent on foreign labor and parts? Investors and CEOs generally believe that this tariff plan is one of the worst policy rollouts in recent years. They all agree we need a new trade mechanism, with valid criticisms from the president. But it needs further research and thoughtful action, likely after tax cuts and deregulation take effect, but the result has been just the opposite."