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Bitcoin trading volume recorded post-halving ATH as crypto market bled
6.8.2024
Bitcoin trading volumes reached unprecedented levels amid market turmoil, while crypto hackers capitalized on discounted Ether
Cathie Wood’s ARK resumes Coinbase buying as BTC drops below $50K
6.8.2024
ARK Invest is back to buying the Coinbase stock after a long selling period. On Aug. 5, ARK bagged 28,632 COIN shares for $5.4 million
Coinshares Sees $528 Million Outflow From Crypto Products Due to Recession Fears
6.8.2024
Coinshares, a digital asset investment firm, has reported a significant $528 million outflow from its crypto products last week, driven by growing recession fears. This substantial withdrawal reflects the heightened market uncertainty and investor caution amid economic downturn concerns. Despite...
These Two Bitcoin Indicators Offer Light in a Gloomy Marke
6.8.2024
BTC has dropped over 13% this month, but all is not lost, according to key indicators
East African Scientists Use AI for Accurate Extreme Weather Forecasts
6.8.2024
Climate scientists in East Africa are integrating artificial intelligence (AI) into traditional weather forecasting methods to enhance the accuracy of extreme weather predictions. The region faces increasing frequency and severity of extreme weather events due to climate change. By combining...
Bitcoin Jumps Above $56K, Solana Leads Recovery From Monday's Rout
6.8.2024
Asian stocks and futures jumped higher Tuesday, recovering from one of the worst slides in recent years in Monday’s trading session
Coinwire Report: Latam to More Than Double Its Crypto Trading Levels This Year
6.8.2024
A recent report by Coinwire, a cryptocurrency research portal, predicts that cryptocurrency adoption levels in Latam will more than double in 2024. The report, which examined trading movements on trusted centralized exchanges according to Coingecko, forecasts that crypto trading volumes in...
Bitcoin falls to ‘extreme fear’ on Aug. 5 as ETFs outflow $168M
6.8.2024
The Crypto Fear and Greed Index recorded a score of 17 out of 100 on Aug. 5 — the lowest it has been since July 12, 2022
Fedwatch Tool and Polymarket Point to Highly Probable Rate Cuts by the Fed
6.8.2024
Following the recent volatility in global equity markets, some analysts suggest that the U.S. Federal Reserve might implement an emergency rate cut before September. In addition, market predictions are leaning toward a rate cut at the September Federal Open Market Committee (FOMC) meeting. The...
Bitcoin decline is similar to the start of the 2016 bull run: Peter Brandt
6.8.2024
Bitcoin declined by a very similar amount following the halving in 2016 and before the 2017 bull run
Google Pay, Amazon Pay, Walmart-Backed Phonepe Eye Entry Into RBI’s Digital Rupee Program
6.8.2024
Google Pay, Amazon Pay, and Walmart-backed Phonepe are reportedly seeking to join India’s central bank digital currency (CBDC) initiative led by the Reserve Bank of India (RBI). Other fintech firms like Cred and Mobikwik are also seeking participation. These companies aim to facilitate...
French Regulator Begins Accepting Crypto Service Provider Applications Ahead of MiCA Regulation
6.8.2024
The French financial regulatory authority has begun accepting applications for authorization as a crypto asset service provider under the European Markets in Crypto-Assets (MiCA) Regulation, ahead of its implementation in December 2024. This regulation mandates prior authorization for market...
US Bitcoin, Ethereum ETFs hit $6B volume amid market rout
6.8.2024
Bitcoin sunk to under $50,000 at the start of US trading on Aug. 5, prompting a huge spike in trading volumes of crypto-related ETFs
Wharton Professor Calls for Emergency Rate Cut Following Market Downturn
6.8.2024
Jeremy Siegel, a finance professor and chief economist, has called for an emergency 75 basis point cut in the fed funds rate following a market downturn. He emphasized the necessity of this cut and suggested another rate cut next month to align with the Federal Reserve’s targets on inflation...
Market Panic: Bitwise CIO Reflects on Bitcoin’s Resilience Amid Market Turmoil
6.8.2024
The chief investment officer at asset management firm Bitwise has addressed the current market downturn, drawing parallels with the market crash on March 12, 2020, when the Covid-19 pandemic caused global panic. “People smash the sell button for liquid assets during broad-based panics....
Donald Trump Warns Against US Selling Its Crypto Assets
6.8.2024
The former President of the United States of America, Donald Trump, has strongly disagreed with the recent policies…
Latam Insights Encore: El Salvador’s Proposal Opens the Door for Crypto-Based International Settlements
6.8.2024
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the recent proposal from El Salvador to settle their trade transactions with Russia using crypto, and how this might encourage...
Trump cautions current administration not to sell Bitcoin
6.8.2024
The former president continues to stress that if the United States does not innovate in the digital asset sector, other countries will
Saudi Arabia Becoming Hub for Web3 Startups Seeking Investment, Report Says
5.8.2024
Saudi Arabia’s emergence as a top venture capital investment destination in the Middle East and North Africa offers an opportunity for Web3 startups seeking funding. However, the latest Adaverse report acknowledges that the Saudi Web3 industry faces challenges requiring collaboration among...
Fidelity and Vanguard Face Outages Amid Crypto Black Monday Chaos
5.8.2024
Monetary markets have seen one of the most volatile sessions on Monday and service disruptions at some of…