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Binance Survey: 73% of European Users Optimistic About Crypto’s Future
30.1.2024
A new Binance survey has found that 73% of European respondents are optimistic about the future of crypto, with 55% exclusively using cryptocurrencies for everyday purchases. “We are delighted to see the high level of optimism amongst European crypto users, reflecting the growing interest...
Crypto Lender Abra to Return Assets to Texas Investors
25.1.2024
Following regulatory scrutiny, crypto lender Abra has agreed to a settlement. The settlement, which focuses on Abra’s alleged unregistered securities offerings, will see the company returning assets to Texan investors. Abra Agrees to Refund Texas Investors in Settlement Over Crypto Offerings...
Many Retail Investors See Bitcoin Price Dropping Below $20K by Year End: Deutsche Bank
25.1.2024
Magic Eden Rewards, Treeverse, and Immutable – Top NFT News Today – 24 January
24.1.2024
The market for non-fungible tokens (NFTs) is not having the best of days, with significant drops across the board making the NFT news rounds today. Over the past 24 hours, the sales volume has dropped by nearly 20%. At the time of writing, it’s standing at $29,981,386. As we’ll see below,...
Russia’s Nornickel Using ‘Digital Assets’ to Pay Employee Dividends
22.1.2024
Source: Alex J/Adobe The Russian metal mining giant Nornickel (Nornickel Norilsk) says it will start paying its employees dividends with “digital financial assets.” The firm’s board of directors has approved a program that will see employees receive around $10.40 per share. And, according to...
Can CoinDepo Service Compete with Binance Simple Earn and Nexo Earn?
20.1.2024
CoinDepo emerged as one of the latest and most promising additions to the decentralized finance sector. Can it compete with established champions such as Binance Simple Earn and Nexo Earn Interest products? It absolutely can, but let’s see how. CoinDepo is a newer provider of decentralized...
Bitcoin Could See a “Nice Slug” of Gold’s Trillion-Dollar Asset Value, Cathie Wood Says
19.1.2024
ARK Investment Management CEO Cathie Wood believes Bitcoin (BTC) could soon be nearly as valuable as gold, according to a recent interview she conducted with Brazilian financial markets information firm, InfoMoney. As good as gold? “Gold is a trillion-dollar asset out there, and we do believe...
Ethereum and BNB See Steady Growth as Borroe Finance Shines in DeFi with Impressive Presale Stage 4
19.1.2024
Ethereum (ETH) and Binance Coin (BNB) are among the world’s top five cryptos, and they’ve recorded ecosystem wins in early 2024. However, investors are looking for the best crypto investments that will deliver massive ROI in the coming months. Luckily, these investors found Borroe Finance ($ROE)and...
New Bitcoin ETFs See Record Daily Flows As Total BTC Holdings Rise to $3 Billion
18.1.2024
Newly launched Bitcoin spot ETFs saw their highest daily flows on their fourth day of trading, absorbing $913.6 million on Wednesday. The wave of capital brings assets under management for all such funds that began trading last week up to $2.9 billion. Both figures – provided by Bloomberg...
Bitcoin Could See Growth in Layer-2 Ecosystem, Drawing on Ethereum's Experience: Report
18.1.2024
The report by Singapore-based blockchain investment Spartan Group and Kyle Ellicott details how these auxiliary networks have drawn a page from the Ethereum blockchain's playbook, and could spring up as demand grows for blockspace on Bitcoin
Is Sui Going to Zero? SUI Price Drops 8% as Novel Bitcoin Mining Protocol Hits $8.6 Million
17.1.2024
Sui Network has witness a sudden -8% price drop amid a retracement from upper trendline resistance, but could SUI price analysis reveal whether SUI is going to zero? This comes as Sui Network continues to see major developments in DeFi applications, in a push for growth that has recently seen...
Cryptos Are “Not Exactly Money”: IMF Chief Kristalina Georgieva
16.1.2024
Source: AdobeStock / Kristina Blokhin Kristalina Georgieva, managing director of the International Monetary Fund (IMF), does not see cryptos anywhere near the Dollar in stature. Despite the US SEC’s recent green light to a total of 11 spot Bitcoin exchange-traded funds (ETFs), Georgieva...
JP Morgan: Bitcoin ETFs Could See $25 Billion Inflows From Existing Products Without Fresh Capital
15.1.2024
Source: AdobeStock / Alexey Novikov Banking giant JP Morgan projects a huge inflow into spot Bitcoin ETFs from other cryptocurrency-related products even without new capital from the wider financial market. JP Morgan Market Trends Report Highlights Inflows Following Bitcoin ETF Approval In a recent...
Digital Asset Investment Products See $1.18 Billion Inflows Amid Excitement Around Launch of Spot Bitcoin ETFs
15.1.2024
Last week, digital asset investment products witnessed a significant surge in inflows, totaling an impressive $1.18 billion, albeit subject to a T+2 settlement. Digital Assets Investments Still Behind ETPs Despite Record Inflows While this influx of capital is noteworthy, it falls just shy of...
Bitwise, Fidelity, BlackRock See Biggest Bitcoin ETF Inflow in Preliminary Tally
12.1.2024
Data about inflows is still incomplete and market watchers might have to wait until Friday evening for the full picture, Bloomberg analyst Eric Balchunas pointed out
Is Injective Going Down? INJ Price Drops 4% as New Mining Coin Secures $8.1 Million
11.1.2024
Injective Protocol holders are in panic as INJ price drops -4%, explore this INJ price analysis to discover whether Injective is going down. The INJ price tumble comes as markets brace for an anticipated token unlock, which will see the final tranche of 3.66m tokens (valued at $132m). ???? Final...
Spot Bitcoin ETFs May See $4 Billion Inflows on Day 1 of Trading: Bloomberg Analyst
11.1.2024
Source: Adobe / Backcountry Media Analysts are anticipating a substantial influx of $4 billion on the first day of trading for Spot Bitcoin ETFs in the U.S. The US Securities and Exchange Commission (SEC) finally granted official approval to 11 Spot Bitcoin ETFs in a historic decision. With issuers...
Bitcoin Transaction Fees See Sharp Decline Since December Peak, Network Congestion Persists
10.1.2024
On Jan. 10, 2024, the fee for high-priority transactions is set at 42 satoshis per virtual byte (sats/vB), amounting to $2.66 per transaction. The average transaction fee stands at 98.9 sats/vB, equivalent to $11.17 per transfer. Although there has been a decline in onchain fees, they currently...
Valkyrie CIO Says Market May See Ripple, Ethereum ETFs Next
10.1.2024
Source: DALL·E Valkyrie Funds Chief Investment Officer Steven McClurg says it wouldn’t be surprising if a Ripple and Ethereum spot exchange-traded fund (ETF) came to the market speaking in an interview with Bloomberg TV. “It wouldn’t surprise me if we saw Ripple or Ethereum spot ETFs...
SEC Chair Gary Gensler Issues Crypto Investing Advice — Lawyers See as Prelude to Spot Bitcoin ETF Approval
10.1.2024
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has advised investors to be cautious when considering crypto investments. His advice followed a series of warnings he issued the day before regarding the risks of crypto investing. The SEC is expected to green-light multiple spot...