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Stablecoin Market Expands by $1.52 Billion in 7 Days, Driven by USDT and USDC Growth
25.7.2024
The stablecoin economy is experiencing renewed growth. Over the past week, the market capitalization of all stablecoins increased by $1.52 billion. The growth over the past seven days was primarily driven by tether (USDT), the largest stablecoin by market valuation, with its supply expanding by...
Trump Eyes ‘Bitcoin Strategic Reserve,’ Harris Woos Mark Cuban, Kennedy Rallies Pro-Crypto
25.7.2024
Former President Donald Trump is set to announce the creation of a ‘Bitcoin Strategic Reserve’ in Nashville. Vice President Kamala Harris’s office contacted billionaire investor Mark Cuban to discuss Bitcoin. Independent Presidential Nominee RFK endorses Bitcoin. As the American...
India Gears Up for Crypto Policy Overhaul by September
25.7.2024
The Indian government is preparing to release a discussion paper on its crypto policy stance before September. This development was announced by Economic Affairs Secretary Ajay Seth in an interview with Moneycontrol. India’s crypto stance from scrutiny to strategy The planned discussion paper...
Coinbase UK fined $4.5 million for ‘high-risk’ customer onboarding
25.7.2024
The $4.5 million fine could signal the start of more scrutiny for crypto exchanges in the region
Galaxy Asset Management raises $113M for new crypto venture
25.7.2024
The $113 million could be a significant financial lifeline for cryptocurrency startups and invite more institutional attention to the crypto space
Daily Crypto Update: Market Gains Stability with Rare Outliers
25.7.2024
After an unexpectedly bullish session, the crypto market has entered a slump. The market has been sluggish for the past week, with most cryptos gradually dropping in value. Most of the top 10 cryptocurrencies have lost value in the past 24 hours, with the exception of Solana and Ripple, which have...
India cracks down on darknet drug deals using crypto tracking
25.7.2024
India’s NCB forms a special task force and initiates digital forensics training to tackle the growing misuse of cryptocurrencies in drug trafficking
DeFi Token DTX Attracts Heavy Inflows from XRP and NEAR Traders
25.7.2024
As of June 24, three tokens are making huge waves: Ripple (XRP), Near Protocol (NEAR), and DTX Exchange (DTX). While XRP has finally broken through its resistance levels and NEAR Protocol is gaining bullish momentum, DTX Exchange is drawing a notable surge in demand after crossing $1.1 million...
Hong Kong Launches Its First Inverse Bitcoin ETF Product
25.7.2024
CSOP Asset Management, a regulated asset management company, has become the first to launch an inverse Bitcoin ETF in Hong Kong’s markets. This allows traders and investors to speculate on the decline of the cryptocurrency’s value. The product complements other ETF products already...
Crypto bank Sygnum posts profit after doubling crypto trading volumes
25.7.2024
Signum Bank says it's now eyeing further expansion into the European market, aiming to become fully MICA compliant by the first quarter of 2025
Traders see ETH’s $3.2K pullback as a ‘buy’ while ETFs build steam
25.7.2024
Analysts believe Ether will see “tremendous” price action once their spot ETFs build momentum, similar to Bitcoin after the launch of spot Bitcoin ETFs
Telegram CEO Predicts Blockchain Mass Adoption This Year — Announces Mini App Store, Web3 Browser
25.7.2024
Pavel Durov, CEO of Telegram, forecasts 2024 as the year of blockchain mass adoption. He announced new features such as a mini app store, an in-app browser for Web3, and initiatives to combat crypto scams. Telegram’s user base has grown to 950 million monthly active users, with expectations...
Proton Launches Self-Custodial Bitcoin Wallet: 100 Million Proton Mail Users Can Now Receive BTC via Email
25.7.2024
Proton, known for its privacy-focused services including the popular Proton Mail with over 100 million users, has launched Proton Wallet, a new self-custodial bitcoin wallet. “If you are one of the millions of people who have a Proton Mail email address, you can now automatically receive...
Hashdex files S-1 for ETF to hold Bitcoin, Ether and potentially others
25.7.2024
The Hashdex Nasdaq Crypto Index US ETF could see other cryptocurrencies added down the track, subject to all the necessary approvals
Robert Kiyosaki vs Peter Schiff: Conflicting Predictions on Gold, Bitcoin, and US Dollar
25.7.2024
Rich Dad Poor Dad author Robert Kiyosaki and gold advocate Peter Schiff have provided conflicting forecasts about the future of gold, silver, bitcoin, and the U.S. economy if Donald Trump is re-elected. Kiyosaki claims asset prices will rise as Trump supports a weaker dollar, which he believes will...
Ferrari Launching Crypto Payment System for European Market
25.7.2024
Ferrari, the iconic Italian luxury sports car manufacturer, announced on Wednesday that it will introduce its cryptocurrency payment system to European dealers by the end of July 2024. This move follows the successful launch of crypto payments in the U.S. less than a year ago, aimed at better...
Kraken Completes Mt Gox Bitcoin and Bitcoin Cash Distribution to Creditors
24.7.2024
Crypto exchange Kraken has completed the distribution of bitcoin and bitcoin cash from the Mt. Gox estate to creditors, marking the end of a decade-long process. Kraken CEO David Ripley expressed gratitude for the Trustee’s efforts in preserving the coins’ value despite legal...
Ferrari to Accept Crypto Payments in Europe
24.7.2024
Italian Luxury sports car giant Ferrari will expand cryptocurrency payment options to its European dealer network this month. The launch follows its success in the US after partnering with BitPay in 2023. Ferrari to Launch Crypto Payments in Europe According to an official statement shared...
Cryptoquant Report Analyzes Market Impact of New SEC-Approved Ethereum Spot ETFs
24.7.2024
On July 23, 2024, the U.S. Securities and Exchange Commission approved the launch of several ethereum (ETH) spot exchange-traded funds (ETFs), marking a significant development in the cryptocurrency market. The latest report from Cryptoquant delves into the implications and insights surrounding...
Bitstamp will begin Mt. Gox creditor repayments on July 25
24.7.2024
After a decade of waiting, Mt. Gox customers will find their crypto assets worth much more than when the exchange collapsed