In recent weeks, Bitcoin (BTC) has achieved a series of milestones, propelling it further into the mainstream and sparking conversations about its future trajectory. Bitcoin now ranks among the top ten most valuable assets, with a market capitalization of $1.3 trillion.
January 11, 2024, marked a historical day for Bitcoin when the United States Securities and Exchange Commission (SEC) approved the country’s first spot Bitcoin exchange-traded funds. This meant that retail investors could now invest in Bitcoin without having to worry about buying or storage methods.
Tag Archives: Bitcoin
The Origins of Crypto. Who is Behind the Founding of Bitcoin?
Cryptocurrencies like Bitcoin have become very popular over the last 10 years. But not everyone knows how this new technology started. It began in 2008 when a paper was published online. The paper introduced the idea of Bitcoin. It explained things like how Bitcoin works. The person or group of people who wrote the paper used the alias Satoshi Nakamoto. No one knows who they are. Their true identity remains a mystery today.
The Decade-Long Journey of Spot Bitcoin ETFs
In early 2024, the cryptocurrency industry celebrated one of its biggest victories in a long time: the approval of the first spot Bitcoin exchange-traded fund (ETF) in the United States. On January 10, 2024, the U.S. Securities and Exchange Commission (SEC) said yes after years of a hard no, approving 11 applicants to offer spot Bitcoin ETFs in the country. This comes nearly three years after a similar decision in neighbouring Canada.
Future Bitcoin Halving
Bitcoin is inching closer to its next major milestone, the highly anticipated halving event in May 2024. This event, which occurs approximately every four years, is one of the most significant and widely observed in the cryptocurrency world.
What can we expect from this year’s procedure? Let’s take a look at some scenarios and the possible impact of halving on the market.
Crypto Exchanges in South and Central America
According to a 2023 Chainalysis report, Latin America, which includes South and Central America, is the world’s seventh-largest crypto economy, trailing only Sub-Saharan Africa. Nonetheless, South and Central America have recently experienced increased cryptocurrency adoption. Brazil and Argentina were ranked ninth and fifteenth in global crypto adoption in 2023, respectively. Other countries, such as El Salvador and Venezuela, have also made significant progress in embracing crypto, earning this region global attention.