Powel, Author at Cryptotimes Africa

Four South African Cities Among the 2024 Most Crypto Ready in the World

by Powel January 19, 2024

A recent study has scrutinized and ranked 50 cities based on seven metrics, presenting a comprehensive view of their readiness for the cryptocurrency revolution. Each city's crypto readiness reflects a unique interplay of financial strength, regulatory frameworks, and technological landscapes. As we step…

Bitcoin

Standard Chartered Predicts Bitcoin to Reach $200,000 by 2025, Thanks to ETFs

by Powel January 19, 2024

Standard Chartered derived its price prediction from the premise that, by the conclusion of 2024, there will be between 437,000 and 1.32 million Bitcoins held in spot Bitcoin ETFs listed in the United States. The bank estimates that this scenario would lead…

NFT

Coinbase introduces creation of AI-generated NFTs

by Powel January 18, 2024

The non-fungible token (NFT) marketplace from cryptocurrency exchange Coinbase has launched a new AI-generated NFT feature. According to an X post on Jan. 18, Coinbase is introducing a new “Instamint” feature on the marketplace that allows users to create NFTs using artificial…

Coins News

ETH growth leads Bitcoin as investors deploy $1 billion

by Powel January 18, 2024

ETH price has outperformed BTC since the Spot ETF approval on Jan. 11, but on-chain data suggest the gap could further widen in the days ahead. Ethereum price continues to consolidate its lead over Bitcoin this week closing above the $2,500 mark…

Article Bitcoin

WHAT IS A SPOT BITCOIN ETF?

by Powel January 17, 2024

Spot Bitcoin Exchange-Traded Funds (ETFs) are designed to track the performance of bitcoin with the custody of the asset being held by the ETF manager. INTRODUCTION An exchange-traded fund (ETF) is a type of investment that tracks a specific asset or commodity,…

Article

Analyst Advises Investors to Buy the Bitcoin Dip — Predicts ‘Asymmetric Upside Ahead’

by Powel January 17, 2024

A senior analyst with global asset management firm Alliance Bernstein has recommended that investors buy the bitcoin dip and focus on “the new bitcoin adoption cycle.” His advice followed the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and…

Coins

Binance and Coinbase Continue to Dominate the Crypto Industry with Largest Supply Statistics in 2023

by Powel January 16, 2024

Collectively, Binance and Coinbase hold cryptocurrencies valued at $199.14 billion, constituting 11.85% of the entire crypto economy. Binance takes the lead with holdings amounting to $136.47 billion, while Coinbase maintains approximately $62.67 billion in crypto value. Binance and Coinbase continue to stand…

uncategorized

Binance Research forecasts 2024 trends, themes in crypto

by Powel January 16, 2024

Binance Research highlights potential 2024 crypto trends, including Bitcoin halving, AI integration, and institutional adoption. In their 2024 analysis, Binance Research outlines several trends that may influence Bitcoin (BTC) and the broader cryptocurrency market. One key focus is the upcoming Bitcoin halving event, historically…

Coins Industry

Global Funding for Crypto and Blockchain Startups Fell 68% in 2023

by Powel January 15, 2024

The number of crypto venture capital deals also experienced a deceleration in 2023, with a total of 1,819 deals, marking a 32% decrease from the 2,671 deals recorded in 2022. Cryptocurrency and blockchain startups received a funding injection of $10.7 billion from…

News

Google Removes Apps of Binance and Other Global Crypto Exchanges in India

by Powel January 15, 2024

Google has removed several prominent global crypto exchanges, including Binance and Kraken, from its Play Store in India. This move comes as a response to allegations of these exchanges operating “illegally”, with the Financial Intelligence Unit (FIU) issuing show cause notices to…