The cryptocurrency market witnessed a modest increase on Thursday evening, primarily driven by the Federal Reserve’s (Fed) indication of possible interest rate reductions in the coming year and the positive sentiment surrounding the Bitcoin ETF. Cryptocurrency Gains +/- Price (Recorded 9:30 p.m.EST) Bitcoin BTC/USD +0.03% $42,854 Ethereum ETH/USD +1.64% $2,290 Dogecoin DOGE/USD +1.79% $0.098 What…
Bitcoin (BTC)
Bitcoin is a currency born into the digital age. When using Bitcoin for the first time people should get an idea of how it works. Digital money is different than the traditional finance world is used to. It offers three core values in which many currencies cannot attain: Decentralization, Open Source, and Peer-to-Peer networking. It is important to get an idea of how to use Bitcoin before investing in it or starting wallet. At Bitcoin.com we are very passionate about the protocol and want to help you learn along the way. There is a lot to learn, but it is not beyond your grasp. Bitcoin is a truly beautiful innovation, and it has the capacity to change the world.
Bitcoin Rebounds Above $42K as Fed Keeps Rates Stead
According to a recent announcement, the Federal Reserve has maintained its benchmark interest rate.This marks the third successive meeting where the Fed has chosen stability over change, keeping rates constant.The interest rates have remained at a 22-year peak, ranging from 5.25 to 5.5%.This move reflects the Federal Reserve’s [attempt ](https://coingape.com/bitcoin-btc-price-moves-closer-to-40000-as-fed-stays-put-on-rate-hikes/)to balance its dual mandate of…
Bitcoin ETF: SEC Chair avoided ETF related questioning
A clip shared by James Seyffart on the X app showed how Gary Gensler, the United States Securities and Exchange Commission (SEC) Chair had tried to avoid the subject of crypto when he was approached by a reporter from BloombergTV.Smart Deflections on BTC ETF Subject Kailey Leinz, reporting for BloombergTV, approached the Commissioner right after…
Why has Bitcoin price hit new all-time highs in Turkey, Egypt, Nigeria and Argentina?
Since bottoming around $16,800, Bitcoin ( [BTC](https://cointelegraph.com/bitcoin-price)) has displayed resilience throughout 2023, posting over 153% gains year-to-date and 143% over the last 12 months to outperform major tech companies.Despite this impressive performance, the flagship cryptocurrency’s price is still 39% below the all-time high (ATH) level against the U.S.dollar reached in November 2021.Meanwhile, Bitcoin continues to…
After SEC Crackdown, Data Indicates Shift of Binance Users to P2P Alternative Paxful
Traditional crypto exchanges appear to be in the crossfire.In 2022 FTX [collapsed](https://www.investopedia.com/what-went-wrong-with-ftx-6828447) within 10 days, and its CEO Sam Bankman-Fried resigned and was eventually arrested.Months later, Binance, the largest centralized crypto exchange, [agreed](https://www.coindesk.com/policy/2023/11/21/binance-to-settle-charges-with-us-doj-source/) to pay a penalty of $4.3 billion, one of the largest penalties in U.S.corporate history, and the effect is global.The Philippines Securities…
Fair Value Accounting For Crypto To Begin In 2024, Confirms FASB
The Financial Accounting Services Board (FASB) announced on Wednesday that it has officially adopted fair value accounting for crypto assets starting next year.The change is expected to make Bitcoin and other digital currencies far more welcoming to hold on corporate balance sheets, despite their intermittent price volatility.FASB’s Major Accounting Change Per FASB’s latest [Accounting Standards…
Montenegro Prolong Detention of Do Kwon
According to a recent announcement on Terraform Labs co-founder Do Kwon, the High Court in Montenegro has prolonged his detention.Originally set to expire on Friday, Kwon’s custody period has been extended by an additional two months until February 15th.This extension comes as both the United States and South Korea are actively seeking Kwon’s extradition.They have…
United States 30-Year Bond Auction down to 4.344% from previous 4.769%
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Localities Must Decide if a Crypto Mining Facility is Welcomed
– 1 [Gov.Sanders should empower “cities, towns, and counties” for decisions regarding crypto mines’ entry.] – 2 [Arkansas State Senator Bryan King tried to take a similar matter to the governor’s office in October.] Arkansas State Representative Matt Duffield has written a letter to Governor Sarah Huckabee Sanders to call a session to repeal the…
Best cryptocurrencies to invest in for 2024
After months of stagnation, the [crypto market](https://finbold.com/category/cryptocurrency-news/) has experienced a notable resurgence in recent weeks, propelled largely by positive indications that US regulators are poised to greenlight the inaugural spot [Bitcoin exchange-traded fund](https://finbold.com/guide/what-is-bitcoin-etf/) ( [ETF](https://finbold.com/etfs/)).As the curtain falls on 2023, crypto investors are gearing up for the new year with a heightened sense of optimism,…