Bitcoin's recent surge to $45,000, a first since early last year, is turning heads, even among crypto-skeptics.
After a tumultuous period, including the FTX scandal which saw Bitcoin plummet to near $15,000, the cryptocurrency has shown resilience in 2023.
Despite a rocky journey with alternating gains and setbacks, Bitcoin has reignited market enthusiasm, notably crossing the $40,000 mark recently.
Image: CoinDesk
This upswing seems to be driven by growing optimism around Bitcoin ETFs and decreasing interest rates.
The prospect of Bitcoin ETFs by major financial institutions like BlackRock, Fidelity, and Franklin Templeton has stirred excitement.
These ETFs, potentially accessible via regular brokerage accounts, could simplify Bitcoin investment for the average American, bypassing the complexities of crypto exchanges or wallets.
Yet, amidst this bullish trend, uncertainties linger. The potential impact of mainstream financial institutions on Bitcoin's sustainability remains a topic of debate. Meanwhile, the crypto industry is still reeling from the fallout of FTX's collapse.
Binance, another crypto giant, has agreed to a $4.3 billion settlement with U.S. regulators, and CEO Changpeng Zhao stepped down, replaced by Richard Teng.
Teng's first major public appearance, described as unconvincing by CoinDesk's Helene Braun, raises questions about transparency in the industry.
As Bitcoin's resurgence sparks renewed interest, the enduring question remains: will this rally mark a significant shift towards mainstream acceptance, or is it just another fleeting wave in the volatile crypto market?
South Africa's Schindlers Digital Assets has created a legal process allowing cryptocurrency holders to buy property, making it easier to use digital assets for real estate transactions. The first event will be a property auction on 21 November 2024, marking a key step in integrating crypto with the real estate market.
AnaisMichael Saylor plans to present a Bitcoin investment strategy to Microsoft’s board ahead of a key vote on 10 December. The proposal, backed by shareholder activism, suggests Microsoft consider Bitcoin as a potential investment, citing MicroStrategy's success with the asset.
AnaisA Brazilian pianist lost access to his Bitcoin wallet worth over 2 million reais after misplacing his recovery phrase. Despite efforts to recover it, he faces the harsh reality that without the backup phrase and PIN, the funds are likely gone for good.
JoyNFT sales surged to $181 million in the week ending 17 November 2024, driven by the broader cryptocurrency market rally, particularly Bitcoin's rise. Ethereum and Bitcoin led the market, while other blockchains like Solana also contributed to the rebound.
AnaisSince Trump's election, Bitcoin has seen a surge of 230,000 new funded wallets, signalling strong retail interest driven by FOMO. This influx of new investors is contributing to Bitcoin's price stability and pushing its dominance in the crypto market above 50%.
WeatherlyZK International is adopting cryptocurrency payments, starting with Bitcoin, to improve transaction speed and reduce costs for global trade. This move aims to simplify cross-border payments and provide a more efficient and flexible financial system for its international partners.
WeatherlyBhutan’s Bitcoin reserves have now crossed $1 billion, positioning the nation as one of the top holders of cryptocurrency.
XingChiHe shared that he first stumbled upon cryptocurrency a few years ago and immediately piqued his interest. After doing his own research on it, he decided to do a little bit of personal investment on crypto.
XingChiRoman Sterlingov, founder of the Bitcoin Fog crypto mixer, was sentenced to 12.5 years in prison for laundering over $400 million linked to illegal activities. He was also ordered to forfeit $395.5 million and his share in a Bitcoin wallet holding 1,345 BTC, worth over $103 million.
WeatherlyThe National Center for Public Policy Research is warning Microsoft that they could potentially be looking at a lawsuit if they decide to not invest in Bitcoin and the prices of Bitcoin increase.
XingChiLayer 2 of general computing smart contracts on Bitcoin has always been a problem because the Bitcoin network cannot be relied on to ensure the security of smart contracts.
JinseFinanceDBS Betterworld was created in The Sandbox, and explores themes of sustainability and food waste.
Clement
Coinlive The Arbitrum Foundation, in partnership with Offchain Labs, has just announced the airdrop of a governance token for Arbitrum.
NansenETH’s Shanghai upgrade is highly anticipated because once executed, this change will allow users to withdraw their staked Ethereum.
CatherineThe registration channel is now officially open!
ABGACoinlive 
BeincryptoCurateDAO launched an Avalanche-based “curate-to-earn” platform where participants can earn by contributing to databases.
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