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Thailand Abolishes Value-Added Tax Previously Applicable on Digital Asset Trades
9.2.2024
The Thailand Finance Ministry has announced the removal of the previously applicable value-added tax on digital asset trading. This exemption, which took effect on Jan. 1, 2024, extends to regulated brokers, dealers, and authorized cryptocurrency exchanges. VAT Exemption to Bolster Thailand’s...
Citi uses Avalanche to price and execute simulated FX trades
8.2.2024
Avalanche recently announced supporting Citi FX solution under project guidance. The network released an official post and tweet to inform users about the development. The post read that Citi leveraged Avalanche to test an app to price and execute bilateral spot FX trades. With Citi’s on-chain...
ERC404, Ethereum’s experiment, generates $87 million in trades
7.2.2024
The NFT crypto-hybrid, ERC404, dubbed Ethereum’s experiment, has reportedly generated $87 million in total volume on DEXs, that is, decentralized exchanges. The same figure for NFT marketplaces stands at just below $1 million. The novel token brings together the attributes of fungible tokens...
BlackRock’s Bitcoin ETF Surpasses Grayscale In Daily Trading Volume
2.2.2024
The Grayscale Bitcoin Trust (GBTC) was overtaken in daily trading volume by BlackRock’s Bitcoin ETF for the first time on Thursday, highlighting the legacy fund’s shrinking dominance over the Bitcoin (BTC) market. The iShares Bitcoin Trust (IBIT) processed $300 million in trades, versus $290...
ZKSwap Boosts Liquidity with ZKFair Support and $2M in Initial Trades
19.1.2024
PRESS RELEASE. ZKSwap, the decentralized exchange operating within the ZKBase ecosystem, is pleased to announce its endorsement of the community-driven Layer2 network, ZKFair. Additionally, the platform has initiated the provision of initial liquidity on the ZKFair network. The newly introduced...
Ark Invest Diversifies Crypto Holdings, Buys $15.9 Million of Its Own Spot Bitcoin ETF
19.1.2024
Ark Invest has transitioned $15.9 million from the Proshares Bitcoin Strategy ETF to its in-house Ark 21shares Spot Bitcoin ETF. Cathie Wood’s Ark Invest Redirects Millions to In-house Bitcoin ETF Ark Invest, led by fund manager Cathie Wood, has made several trades based around bitcoin...
Bitcoin Price Prediction: BTC at $42,700 Amid $1B ETF Inflows and Texas Hash Rate Drop
18.1.2024
In today’s financial landscape, the Bitcoin price prediction becomes increasingly significant as BTC trades at $42,700, marking a 0.75% decrease on Thursday. This trend occurs amidst a surge in market activity, highlighted by nearly $1 billion inflows into Bitcoin ETFs over just three days....
Ethereum Soars Over 11% Above $2,530, Institutional Products Attract $55 Million This Year
17.1.2024
The Ethereum (ETH) price has surged over 11% in 2024, continuing a steady growth cycle from December 2023 as it marks a weekly rise in institutional inflows to investment products. Ethereum trades hands at $2,537 at the time of writing after marking a 5.37% growth in the last seven days and...
Bitcoin Technical Analysis: BTC Balances Above $42,000 Amidst Downtrend Signals
17.1.2024
Bitcoin has been holding steady above the $42K zone and over the past hour, the leading crypto asset has changed hands for $42,425 to $42,597 on Wednesday morning around 9:30 a.m. Eastern Time. The digital currency’s market valuation on Jan. 17, 2024, is around $835 billion with $25.65...
SAXO Bank big move: Lower fees for Australian and US market trades
16.1.2024
SAXO Bank, the online investment and trading platform, is one of the leaders of the said industry. It was founded in 1992, and since then, if anything has remained rock-solid, it is the image of the company. Services and products have constantly been enhanced to meet the needs of traders across...
Elizabeth Warren Criticizes SEC as Bitcoin ETFs Record Over $4 Billion in First-Day Trades
12.1.2024
Source: DALL·E The newly approved spot Bitcoin exchange-traded funds (ETFs) have witnessed a remarkable trading volume, exceeding $4 billion on their first day in the market. According to Bloomberg Intelligence ETF analyst James Seyffart, spot Bitcoin ETFs’ first-day trading volume...
Domestic Exchanges Account for 99.7% of Brazilian Cross-border Crypto Trades – Central Bank
12.1.2024
Source: Alexey Novikov/Adobe Exchanges that buy coins overseas to sell on the domestic market account for most of Brazil’s cross-border crypto trade, a Central Bank report has found. The findings were published in an official post from the bank’s data analysis team. The authors reported...
Record $2.3B in Bitcoin ETF Trades as BTC Rockets to $49K, Then Plummets Below $46K
11.1.2024
At 11 a.m. Eastern Time (ET) on Jan. 11, 2024, the newly launched spot bitcoin exchange-traded funds (ETFs) boasted a remarkable trading volume of $2.3 billion. However, in a dramatic turn of events later that afternoon, bitcoin’s spot markets experienced a steep decline, with prices falling...
Bitcoin Price Prediction: Saylor Sells Stocks, CleanSpark’s New Desk
3.1.2024
In the dynamic world of cryptocurrencies, Bitcoin currently trades at $45,224, marking a slight decrease of less than 0.50% on Wednesday. In a significant move, Michael Saylor has initiated the sale of $216 million in MicroStrategy stocks, opting to invest further in Bitcoin. Meanwhile, CleanSpark...
Binance Reports 30% Surge in Users, Facilitates 18% More Trades in 2023, Emphasizes Compliance Strengthening
29.12.2023
Source: AdobeStock / prima91 Binance, the world’s largest cryptocurrency trading platform, has reported substantial growth in its user base, experiencing a 30% increase in users in 2023 while emphasizing its compliance with various regulations. According to its recently released year-end...
Use GPT4 Technology for AI Momentum Trades with Over 80% Success Rates
20.12.2023
Generative artificial intelligence (AI) tools using natural language processing, like GPT-4 and LLaMA 2, are revolutionizing all types of industries, and one of the most exciting areas of disruption is the trading landscape. The recent launch of a new user-friendly trading AI, which incorporates...
Bitcoin Technical Analysis: BTC Navigates Choppy Waters and Uncertainty
18.12.2023
As bitcoin trades between $40,850 to $41,075, investors are eyeing several charts, oscillators, and moving averages for clues about the leading crypto asset’s next move. Oscillators signal neutrality, while moving averages paint a mixed picture, indicating a critical juncture for...
CFTC Proposes New Rule to Strengthen Customer Protections After FTX Collapse
14.12.2023
Source: Pixabay The Commodity Futures Trading Commission has voted on a proposal to introduce a rule aimed at enhancing safeguards for individuals engaging in trades through a derivatives clearing organization. The rule, called the “Protection of clearing member funds held by derivatives clearing...
Crypto Whales are Stacking This Lesser Known Crypto AI Gem – What Does it Do?
12.12.2023
Crypto whales stack lesser-known crypto AI gem yPredict and its $YPRED token. Image by Kerem Goktug Kaya, DALL-E 3. Cryptocurrency whales, the influential market movers whose trades spur noticeable price fluctuations, tend to have an uncanny knack for spotting promising digital assets ahead of...
Institutional Funds to Ethereum Products Flips Green as Asset Trades Above $2,200
5.12.2023
Source: Pexels The bullish drive of institutional investors in recent weeks can be seen across several market metrics as digital assets soar to levels not recorded in months. Ethereum (ETH) traded sideways for most of the year before soaring above $2,000 following the recent market uptick which...