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El Salvador Proposes Settling Trade With Russia in Crypto
31.7.2024
According to local media, El Salvador has proposed using crypto to settle trade with Russia. Alexander Ilyukhin, the first secretary of the Russian embassy in Nicaragua and head of the office in El Salvador, said the measure would simplify trade dealings, considering El Salvador recognizes Bitcoin...
Bitcoin Price Reversal Alert; Is the Bull Run Over for BTC?
31.7.2024
In anticipation of the US Fed meeting tonight, where Jerome Powell is expected to outline the timing and frequency of upcoming rate cuts, the cryptocurrency market experienced a downturn on Wednesday. Bitcoin and Ethereum were at the forefront of this retreat. At press time, Bitcoin (BTC)...
Bitcoin Fails to Break $70k in Six Tries: BTC Future Outlook
31.7.2024
After a bullish movement, Bitcoin and Ethereum are showing diverging trends amidst broader market volatility. In a recent report by QCP Broadcast, analysts shed light on the current state of these leading digital assets and their potential next moves. Bitcoin’s Struggle and Ethereum’s...
Fidelity Intl Launches Bitcoin ETP to London Stock Exchange
31.7.2024
Fidelity International has announced the listing of its physical Bitcoin exchange-traded product (ETP) on the London Stock Exchange. According to the details from the press release, this development opens the door for professional investors in the UK to gain direct exposure to Bitcoin through...
Ripple CEO Slams SEC on ‘Hypocrisy’ & Confusing Regulations
31.7.2024
Ripple has been in and out of the doghouse multiple times due to the SEC’s breakdown on crypto, but it has always come back stronger. Brad Garlinghouse, Ripple’s CEO, has highlighted the need for clear, consistent policies to enable the crypto industry’s growth and creativity, citing...
Possible $600m XRP Token Unlock in August Cause Ripple Surge
31.7.2024
Ripple is possibly one of the most adored crypto due to its long-standing battle with the SEC. XRP has a strong community and has gained 8% in the last 24 hours, beating Bitcoin’s and Ethereum’s market stability. Ripple traders foresee an end to the legal dispute between the United States...
Grayscale’s Mini Bitcoin Trust Begins Trading on NYSE Arca
31.7.2024
The mini version of Grayscale Bitcoin Trust (GBTC) launched by Grayscale Investment was listed on NYSE Arca on Wednesday. The U.S. Securities and Exchange Commission (SEC) gave the product the go-ahead last week, and it hit the market at 4 a.m. ET on Friday. This new product provides investors with...
ZKX Protocol Shutdown Sparks Rug Pull Accusations
31.7.2024
The sudden shutdown of ZKX Protocol, a social derivatives trading platform on Starknet, has ignited accusations of a potential rug pull within the DeFi community. The announcement, made on July 30, cited financial non-viability, minimal user engagement, and declining trading volumes as the primary...
UK Law Commission Proposes Crypto as Personal Property
31.7.2024
The Law Commission of England and Wales has proposed a regulation to establish a new category of personal property for cryptocurrencies. If implemented, this initiative would provide a clear legal framework for assets like cryptocurrencies and NFTs. Crypto and NFTs Might Attract Property Rights...
Daily Crypto Update: Bitcoin and Ethereum stabilize while XRP rejoices
31.7.2024
After a whirlpool of fluctuations, it appears that the crypto market has found some stability. The top 10 cryptocurrencies have demonstrated that the industry has been relatively stable over the last 24 hours. The majority of the top cryptos ended the day in the same window as they started....
BlackRock’s Ethereum ETF, ETHA, enters the top 15 ETFs
31.7.2024
BlakcRock’s Ethereum ETF, ETHA, now features in the list of top 15 ETFs among more than 330 ETFs launched. Interestingly, it took ETHA only one week to achieve this feat, which stems from inflows that BlackRock has banked within 7 days. Nate Gaerci, the President of The ETF Store, first reported...
$XRP is trading as though an ETF announcement is imminent
31.7.2024
The approval of Spot Bitcoin ETF and Spot Ether ETF has paved the way for other crypto ETFs to make their way to the market. Analysts have often said that it is now not a matter of if, but a matter of when. This implies that the trading floor will eventually welcome more crypto ETFs. …
Viral Hamster Kombat Unveils New Whitepaper & Crypto Airdrop
30.7.2024
Telegram-based mobile game Hamster Kombat released its updated whitepaper, in which the developers made some crucial announcements. These included the token allocation for the game airdrop. Hamster Kombat Token Crypto Airdrop Comes to Life Discussing tokenomics, the whitepaper noted that...
Russia Legalizes Use of Bitcoin for Cross-Border Payment
30.7.2024
Russia has been a paragon of adopting crypto following the sanctions it faced during the war with Ukraine. The country has been witnessing increased use of digital assets not only among its citizens but also at the government level. In line with this, the Russian State Duma Committee on Financial...
Ethereum Celebrates Nine Year Anniversary; 2024 Year of ETH?
30.7.2024
From its humble beginnings to becoming a global leader in smart contract deployment, Ethereum’s journey has been incredible. The second-largest cryptocurrency, Ethereum, is celebrating its ninth birthday today. It has paved the way for notable growth in the crypto industry. Ethereum...
Bank of England Plans Experiments with DLT and Wholesale CBDCs
30.7.2024
The Bank of England (BoE) is taking a proactive stance related to cryptocurrency, money, and payments. In a recently released discussion paper, the central bank outlined its plans to conduct a series of experiments with distributed ledger technology (DLT) and wholesale central bank digital...
Bitcoin & Crypto Takes Center Stage in US Presidential Race
30.7.2024
The past week was momentous for Bitcoin & cryptocurrency as they took center stage in the US presidential race. Former President Donald Trump made a groundbreaking endorsement of Bitcoin at the Bitcoin 2024 conference in Nashville, pledging to create a national “strategic Bitcoin...
Binance Labs Unveils First Batch of Season 7 Incubation Projects
30.7.2024
Binance Labs has announced the first batch of projects for its seventh-season incubation program. According to the tweet, four projects have made the list. We’re thrilled to unveil the first batch of projects that we admitted into Season...
XRP Veteran Dumps Holdings to Buy Algotech (ALGT) and Chainlink (LINK)
30.7.2024
The crypto market recently experienced a notable change when a dedicated XRP investor, holding the digital asset since 2017, opted to divest their XRP holdings. This unexpected decision raised eyebrows within the crypto community, given the investor’s prior allegiance to...
Aave DAO Launches Lido-Specific Market
30.7.2024
Aave Labs has announced the launch of Aava DAO’s Aave V3 ETH Lido pool. It collaborates with Lido Finance sETH and wstETH to provide a more tailored financial solution in the future. Both partners are committed to bringing their capable solutions to the table. For instance, Aave will extend...