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News in cryptocurrencies as of February 16, 2024

 Here's a roundup of some of the latest news in cryptocurrencies as of February 16, 2024:

Image Source: Artificial Intelligence


  • Bitcoin price hovers around $52,000, regaining its $1 trillion market cap. There are predictions of it reaching $55,400 soon, but some warn against the end of the "euphoria."
  • Ethereum trades near $3,000, but historical data suggests some red flags for its price. However, staking interest remains high with 25% of the circulating supply locked up.
  • BlackRock's Bitcoin ETF sees massive inflows, reaching nearly $500 million in a single day. This could be a major boost for mainstream adoption.
  • Crypto trading volume is at its busiest level since June 2022, indicating increased activity and interest in the market.


  • The UK government outlines a "world-first" regulatory regime for crypto, aiming to create a clear and supportive environment for the industry.
  • Honduras bans banks from holding or transacting with cryptocurrencies, raising concerns about its approach to this emerging technology.
  • The SEC in the US emphasizes the importance of whistleblowers in identifying and addressing crypto-related fraud and misconduct.

Other news:

  • Coinbase donates $3.6 million to Bitcoin developers through Brink, supporting the open-source development of the leading cryptocurrency.
  • Genesis, a major crypto lender, files for bankruptcy, highlighting ongoing challenges in the industry.
  • Elon Musk scam ads appear on Twitter as key advertisers depart, raising concerns about misinformation and user safety on the platform.
  • Bitcoin mining rate hits an all-time high, potentially impacting the supply and price of the cryptocurrency in the future.

Additional resources:

Disclaimer: This is not financial advice, and you should always do your own research before making any investment decisions. The crypto market is volatile and carries inherent risks.

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