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Welcome to the ‘Bitcoin Era’ on Wall Street
8.2.2024
With a roster of bitcoin ETFs already trading, companies will need to figure out how to differentiate their products
SUI Records All-Time Peak with 98% Monthly TVL Jump: Render Competitor Gains Attention in Crypto World
8.2.2024
Sui (SUI) is one of the best altcoins to invest in right now, as it recently surpassed a major milestone when tokens set a new high at $1.65. That takes its price growth in the past month to 88%, with its total locked value increasing by 98%. Sui’s ecosystem aims to make digital asset ownership...
Bitcoin Price Prediction as BTC Becomes 10th Most Valuable Asset in the World – Can it Overtake Gold?
8.2.2024
Bitcoin Price Prediction As Bitcoin (BTC/USD) ascends to the 10th spot among the world’s most valuable assets, its current trajectory highlights a significant moment in the evolution of digital currencies. Trading at a noteworthy $45,500, Bitcoin has witnessed nearly 5% increase, underscoring...
Blockchain Advocacy Groups Slam EIA’s ‘Politically Motivated’ Inquiry Into US Crypto Mining
8.2.2024
After the U.S. Energy Information Administration (EIA) declared its intention to launch an urgent inquiry into the power consumption of cryptocurrency mining within the nation, two blockchain advocacy organizations have labeled the move as a “politically motivated” drive against...
Bitcoin Soars Above $45K, Reaching 4-Week High Post Spot ETF Launch
8.2.2024
Bitcoin’s USD value surged to its peak in nearly four weeks, marking the highest point since the launch of spot bitcoin exchange-traded funds (ETFs) on Jan. 11, 2024. On Thursday, bitcoin’s price climbed over 4% against the U.S. dollar, and hit a peak of $45,522 per unit. Bitcoin...
ARK Invest and 21Shares Outline Cash Processes in New Ethereum ETF Bid
8.2.2024
Ark Invest and 12Shares have refiled their joint application for a spot market Ethereum ETF to address cash creation and redemption. The amendments bring it in line with spot Bitcoin ETFs recently approved by the US Securities and Exchange Commission, according to Bloomberg ETF analyst Eric...
Bitcoin ETFs (Ex-GBTC) Now Hold More BTC Than MicroStrategy
8.2.2024
The recently launched spot bitcoin ETFs, excluding Grayscale's GBTC, added nearly another 5,000 tokens to their holdings yesterday, and now at more than 192,000 BTC, hold more of the crypto than MicroStrategy (MSTR), whose total stood at 190,000 as of the end of January
BIS Warns Against Unregulated Metaverse: A Call to Prevent Fragmentation and Corporate Control
8.2.2024
The Bank of International Settlements (BIS) has published a report calling on regulators to “future proof” themselves against the adverse effects of an unregulated metaverse on the digital economy. The 31-page report warns that future money and virtual environments run the risk...
Digital Asset Spot Trading Volumes Rise for the Fourth Consecutive Month + More Crypto News
8.2.2024
Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In today’s edition: Digital Asset Spot Volumes Rise for the Fourth Consecutive Month Paxos Adopts Chainlink’s PayPal USD Price Feed The Hashgraph Association...
Thai SEC Charges Former Zipmex CEO with Corruption and Deception
8.2.2024
Thailand’s Securities and Exchange Commission (SEC) has charged Akarlap Yimwilai, the former CEO of Zipmex Thailand, with corruption and deception. According to an official statement released on Thursday, the SEC’s investigation revealed that customer assets held in Zipmex...
Spot Trading Volumes Hit $1.4 Trillion as Exchanges Record Growth In Fourth Consecutive Month
8.2.2024
Digital asset spot trading volumes continued on a steady rise in January on the back of a spot Bitcoin (BTC) ETF approval by the United States Securities and Exchange Commission (SEC). A new CCData market report shows an increase in market activity as ETF participants notch inflows and traders...
RBI Governor Suggests Offline Initiatives to Drive Digital Rupee Adoption in Remote Areas
8.2.2024
Reserve Bank of India (RBI) Governor Shaktikanta Das has suggested using offline solutions to boost the adoption of the central bank’s digital rupee in remote areas. The RBI will evaluate various offline solutions, including proximity and non-proximity-based options, in hilly, rural,...
Blackrock, Fidelity Bitcoin ETFs Have a Liquidity Edge Over Grayscale: JPMorgan
8.2.2024
GBTC is expected to lose further funds to newly created ETFs unless there is a meaningful cut to its fees, the report said
Bridgetower Capital and Deus X Capital Launch $250 Million Digital Asset Platform in UAE
8.2.2024
Bridgetower Middle East, established by Bridgetower Capital and Deus X Capital, launched a digital asset platform in Abu Dhabi to cater to institutional investors in the UAE and Middle East. Arabian Business reported the establishment of Bridgetower ME, a joint venture between Bridgetower Capital...
Spot Bitcoin ETFs See Over $1 Billion in Daily Trading Volume, BlackRock’s IBIT Outshines
8.2.2024
Spot Bitcoin (BTC) exchange-traded funds (ETFs) have seen their total daily trading volume exceed $1 billion on Wednesday, with BlackRock emerging as the top performer. In a recent post on X, Bloomberg Intelligence analyst James Seyffart highlighted the standout performance of BlackRock’s...
NFTs Are the Pillars of Digital Capitalism, Animoca Founder Says
8.2.2024
Yat Siu explains why we shouldn't dismiss NFTs as monkey JPEGs and how blockchain acts as a political system of sorts, fostering a consensus-based democratic process
NBA, Mark Cuban Sued for Marketing Deals With Defunct Crypto Exchange Voyager
8.2.2024
The National Basketball Association (NBA) is facing a lawsuit over its association with failed crypto exchange Voyager Digital Holdings, with investors alleging losses totaling $4.2 billion. The lawsuit claims the NBA’s involvement in a marketing deal between Voyager and Mark Cuban, former...
US Lawmakers Press Treasury Secretary Janet Yellen on Crypto Oversight Gaps
8.2.2024
Four U.S. lawmakers have pressed Treasury Secretary Janet Yellen regarding crypto oversight gaps. The Financial Stability Oversight Council (FSOC), which Yellen chairs, has issued “repeated warnings about the lack of oversight of the digital asset markets,” the lawmakers detailed...
LBank Launches Oasys: Revolutionizing the Blockchain Gaming Industry
8.2.2024
PRESS RELEASE. LBank, a leading global digital asset trading platform, proudly announces the integration of Oasys into its diverse trading portfolio. This strategic move not only enhances LBank’s offering in the blockchain gaming sector but also marks a significant milestone for Oasys...
SEC Delays Decision on Invesco and Galaxy Digital’s Spot Ether ETF
8.2.2024
The United States Securities and Exchange Commission (SEC) has delayed its ruling on the Invesco Galaxy ether exchange-traded fund (ETF), and has now been pushed to potentially July 2024 after opening the proposal to public comments. Invesco and Galaxy Spot Ethereum ETF Decision Delayed by SEC...