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Study: Half of Canadian Institutional Investors Actively Offered One Crypto Asset Product in 2023
27.4.2024
According to a recent survey, half of Canadian institutional investors and financial services organizations have actively offered at least one type of cryptocurrency asset product or service to clients in the past year. The study revealed that half of the institutional investors surveyed were...
Republic First Bank Fails, Triggers Minor Crypto Market Downturn Amid Banking Sector Concerns
27.4.2024
The United States witnessed its first banking failure of 2024 with the closure of Philadelphia-based Republic First Bank, creating ripples within the cryptocurrency community as Bitcoin, Ether, and various altcoins experienced slight price drops following the announcement. This event has spurred...
New UK Law Empowering Authorities to Seize and Destroy Crypto Assets Takes Effect Today
27.4.2024
A new law enabling the National Crime Agency and police to seize, freeze, and destroy crypto assets is now in effect in the UK. Under this law, police can seize crypto from suspects without needing to make an arrest first. Additionally, victims have the right to request the release of funds held...
Stablecoins Gain Ground as Global Financial Asset
27.4.2024
According to Chainalysis’ “Crypto Spring Report,” stablecoin adoption and market importance are seeing a rapid increase in 2024, with a significant rise in the number of addresses holding them and their use in on-chain transactions, making them a global financial asset. Legislation efforts in...
Swiss National Bank Chief Raises Concerns About Adding Bitcoin to Currency Reserves
27.4.2024
The chairman of the Swiss National Bank has expressed reservations about incorporating bitcoin into the central bank’s currency reserves. He stated that no decision has been made yet to invest in bitcoin, underscoring the necessity for currency reserves to be liquid, sustainable, and easily...
Bank of Russia and Rosfinmonitoring Reveal Fiat-to-Crypto Tracking System Pilot
27.4.2024
The Bank of Russia and Rosfinmonitoring revealed the existence of a ‘know your crypto customer’ system pilot, that aims to link the fiat operations of crypto users with their blockchain actions. The pilot, which has been ongoing since 2023, involves five banks in Russia and is expected...
Crypto Biz: X payment system, Block moves into Bitcoin mining and more
26.4.2024
This week’s Crypto Biz examines X’s upcoming payment system, the NYSE’s potential 24/7 trading, Block’s expansion into Bitcoin mining, and more
CryptoQuant CEO Supports Crypto Mixing, Says It’s Not A Crime
26.4.2024
The CEO and founder of CryptoQuant, Ki Young Ju, stated on April 25 that he was in favour of crypto mixing and that the practices were not unlawful. His remark followed the founders of Samourai Wallet's arrest, which alarmed the cryptocurrency community with the U.S. government's harsh targeting...
Contrary to Crypto Influencer Hype, Data Reveals ‘It is Not Altcoin Season’
26.4.2024
Over the past 90 days, while bitcoin has shown steady performance, 19 other cryptocurrencies have outpaced the leading digital asset in terms of price growth. However, the Altcoin Season Index, which measures the performance of these cryptocurrencies against bitcoin, has dropped from 59 to 39 since...
$510 Million in Ethereum Longs at Risk Amid Potential Weekend Volatility – Massive Price Swing Incoming?
26.4.2024
Over $500 million in Ethereum longs could be liquidated if the cryptocurrency experiences another sharp price swing this weekend. Recent volatility highlights the risk, while the SEC's pending decision on spot Ether ETFs adds further uncertainty to the market.
The post $510 Million in Ethereum...
Deutsche Bundesbank President on Digital Euro: ‘The Eurosystem Has No Interest in Monitoring People’s Payment Patterns’
26.4.2024
Joachim Nagel, President of the Deutsche Bundesbank, praised the privacy traits a hypothetical upcoming digital euro would possess. During a speech, Nagel specified that the Eurosystem would have “no interest” in monitoring the payments and expenses of digital euro users and would...
Can BNB hit $650 by April’s end? The race is on!
26.4.2024
The Binance Coin (BNB), the significant token of the crypto exchange platform Binance, has demonstrated remarkable strength and growth despite the adverse crypto market. After the price bottomed at $512 on April 17th, BNB soared 18.4% and went above $607. This remarkable recovery has placed BNB...
Dogecoin set to surge Post-Bitcoin halving: Watch the date!
26.4.2024
Analysts anticipate that Dogecoin’s price, which has been declining recently, will soon experience a significant increase. This relationship can be established through a comparison of its current behavior to previous halving patterns. In contrast to the average daily loss of 8% and monthly...
Insights from Token2049: How crypto wealth is made
26.4.2024
Attendees at Token 2049 in Dubai shared their personal stories on how they became rich
Ethereum’s $3,200 test: Can it withstand market pressure?
26.4.2024
Ethereum has been in a period of wild fluctuations as its value has been struggling to recover, and it has now fallen below $3,100. A few days ago, ETH dropped to $3,074 and is currently making its last effort to get back on track after bouncing similarly to Bitcoin. The cryptocurrency value...
Fortune favors something — Eminem takes Crypto.com mantle from Matt Damon
26.4.2024
Slim Shady was the latest celebrity to advertise “fortune favors the brave” for Crypto.com following Matt Damon’s ad spot in October 2021
Pantera Capital purchases a goldmine of Solana tokens
26.4.2024
A person familiar with the development has said that Solana tokens were auctioned off by the administrators running the indebtedness of the FTX crypto exchange. It has been estimated that 2000 Solana tokens were sold this week, a person who preferred to be anonymous said. He disclosed this on...
PEPE Coin soars 50% with whale support: What lies ahead?
26.4.2024
With the meme cryptocurrency PEPE increasing by over 50% in just seven days, it is a delight to observe the market retreat. The positive trend might be sustained with the current PEPE trading price of $0.00000738. This rise is due to the influence of its dedicated group of investors, particularly...
Fidelity Bitcoin ETF Records First Daily Net Outflows Since January Listing
26.4.2024
The Fidelity Wise Origin Bitcoin (FBTC), a key player in the spot Bitcoin exchange-traded fund market, experienced a noteworthy outflow of nearly $23 million, marking a significant event in the cryptocurrency market.
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Institutions expanding their inclination towards altcoins
26.4.2024
As per CoinShares, institutional investors are seemingly leaning towards a greater array of altcoins, with Solana (SOLUSD) gaining the attention of hedge funds and wealth managers. In the opinion of the asset manager’s Head of Research, James Butterfill, investors are keen on Solana....