CryptoNews

IMF Chief Sees Crypto as Asset Class — Says Bitcoin Won't Dethrone US Dollar as Dominant Currency

International Monetary Fund (IMF) chief Kristalina Georgieva sees crypto as an asset class, not money. She dismissed concerns of bitcoin potentially displacing the U.S. dollar as the world’s dominant currency, citing the size of the U.S. economy and the depth and sophistication of its capital markets as key factors. IMF Chief on Crypto and US Dollar Dominance The managing director of the…
Read more
CryptoNews

Spot Bitcoin ETF Approvals, Ethereum's Outperformance, BTC Mystery Transfer, and More

The SEC approved spot bitcoin ETFs, sparking a lukewarm market response despite ethereum’s rising prominence. Meanwhile, intrigue swirled around a mysterious $1.19 million bitcoin transfer to the genesis address linked to Bitcoin’s creator, Satoshi Nakamoto. The launch day of U.S. spot bitcoin ETFs saw a staggering $4.6 billion in trading volume, with Blackrock’s debut ETF alone accounting…
Read more
CryptoNews

Cryptocurrency Rights Bill Lands in Indiana

Indiana is adding its name to the list of states that intend to guarantee the cryptocurrency rights of its citizens. A cryptocurrency bill that guarantees the non-intervention of the state government of Indiana in cryptocurrency self-custody, mining, validation, and other issues was recently introduced by Rep. Heath VanNatter in the Indiana General Assembly (IGA). Blockchain and Cryptocurrency…
Read more
CryptoNews

Fundstrat Says Bitcoin Is Headed for $150K — Predicts BTC Could Hit $500K in 5 Years

Financial research firm Fundstrat’s head of research has predicted that the price of bitcoin is headed for $150K and could hit $500K in five years. Emphasizing the cryptocurrency’s finite supply and “a potentially huge increase in demand with a spot bitcoin approval,” the analyst stressed that it is “definitely achievable” that bitcoin could reach half a million dollars in five…
Read more