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US Spot Bitcoin ETFs See Red: Grayscale’s GBTC and Top Funds Hit Hard
6.8.2024
On Monday, unlike their ethereum counterparts, spot bitcoin exchange-traded funds (ETFs) witnessed outflows totaling $168.44 million. The primary contributors to this decline were three funds, with Grayscale’s GBTC taking the lead in outflows. 3 Leading Bitcoin ETFs Experience Major Outflows...
Japanese firm Metaplanet to invest $58.76M in Bitcoin
6.8.2024
Metaplanet Inc. allocates 8.5 billion yen for Bitcoin, enhancing its crypto treasury amid Japan’s market volatility
Binance Challenges $86M Tax Demand From India’s DGGI
6.8.2024
Binance, the world’s largest crypto exchange, is challenging a substantial tax notice issued by Indian authorities. The Directorate…
Euro stablecoin market surges under MiCA
6.8.2024
French and Irish fintech companies have partnered to introduce a euro-backed stablecoin. The coin will launch on the Stellar blockchain a month after MiCA stablecoin laws were enacted
Financial Analyst States Bitcoin Is ‘Not a Hedge Against Anything’
6.8.2024
Jacob King, a financial analyst at Whalewire, has stated that he doesn’t consider bitcoin a hedge “against anything.” King stressed that “crypto itself was entirely propped up by stable coin fraud. I warned it would crumble like paper when it starts.” Bitcoin fell...
Daily Crypto Update: Bitcoin, Ethereum, and Solana revive after market crash
6.8.2024
The volatility index is now trading above 65, a level seen only twice, once during the 2020 Pandemic…
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
Martin Shkreli-led Trump memecoin DJT plummets 95%
6.8.2024
Roger Stone, a close aide to Trump, previously denied any involvement of the former President or his son with the TrumpCoin memecoin
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...
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...
Understanding Recent Drops in Global Stocks & Crypto Markets
5.8.2024
The financial landscape has been turbulent recently, with significant selloffs in both the U.S. stock market and the…
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…
Feasibility of Trillion-Dollar Platinum Coin Discussed by US Government, FOIA Documents Show
5.8.2024
The trillion-dollar coin, an idea that surged as a solution to raising the U.S. debt ceiling on more than one occasion, was recently revealed to have been considered by the government several times. Memos obtained via FOIA requests by journalist Jason Leopold show that, even though it...
Biden Adviser Sperling Moves to Kamala Harris Campaign Amid Crypto Focus
5.8.2024
President Joe Biden’s economic advisor, Gene Sperling, will leave the White House today. This change occurs at a time when…
Xapo Bank Enters UK Market, Offers Interest-Bearing USD and Bitcoin Account
5.8.2024
Xapo Bank has entered the UK market, becoming the only licensed banking group to offer a combined interest-bearing USD and bitcoin account. “We’re proud to announce we have successfully passported our banking license into the UK. This means we are allowed to offer our banking services...
‘Yen Carry Trade’ Blamed for Global Market Rout, Jump Crypto’s ETH Sale Worsens Ether Plunge
5.8.2024
The narrowing Japanese “yen carry trade” has been blamed for the Aug. 5 global market downturn that sent stock markets and top cryptocurrencies like bitcoin and ethereum plunging by double-digit figures. Some experts cite the disappointing U.S. jobs data and Mt Gox-related selling...
Binance CEO Richard Teng Urges Crypto Fans to Build Despite Market Decline
5.8.2024
Binance CEO Richard Teng remains hopeful that the cryptocurrency market will turn around following the recent crash. Teng…
Bitcoin ETF trading volume tops $1B amid crypto crash — Galaxy
5.8.2024
Galaxy’s head of research expects the funds to see inflows as investors buy the dip