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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...
Jump Trading’s Ether dump: Smart move or sign of trouble?
5.8.2024
Jump Trading’s aggressive Ether sell-off, coinciding with Japan’s market crash, raises questions about its strategy and market exit
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
Double-Digit Crypto Losses Sweep the Market—Over 60 Coins in Freefall
5.8.2024
Presently, the cryptocurrency market is experiencing a significant downturn, with bitcoin dropping 24% this week and ethereum shedding 30% against the U.S. dollar. While these losses are notable, some digital currencies have fared even worse, with only a handful managing to buck the trend. Dozens...
Market makers sold over $300M Ether as ETH price crashed below $2,200
5.8.2024
Ether's price fell from above $3,000 to $2,100 due to selling pressure from a select group of market makers
Crypto market crash triggered by 'aggressive' selling by Jump Trading - report
5.8.2024
Jump Trading significantly contributed to the crypto market sell-off and it could be looking to sell another $104 million worth of wstETH
New Senate Bill Empowers US Secret Service to Combat Digital Asset Cybercrimes
5.8.2024
U.S. senators have introduced legislation to empower the Secret Service to combat cybercrimes involving digital assets. This legislation addresses the growing use of cryptocurrencies for illicit activities and mandates the Government Accountability Office to evaluate law enforcement’s...
Peter Schiff Warns of Mass Bitcoin ETF Liquidations and ‘Crypto Black Monday’
5.8.2024
Economist and gold advocate Peter Schiff has warned investors that a sharp drop in bitcoin’s price could trigger mass bitcoin exchange-traded fund (ETF) liquidations. “If so, brace for a Crypto Black Monday,” he cautioned. He believes that bitcoin has been in a major bear...
2 reasons Solana and other altcoins ETFs may struggle — Sygnum Bank
5.8.2024
Katalin Tischhauser, head of investment research at Signum Bank, has joined other commentators who suggested that spot Solana and Cardano ETFs are unlikely, though VanEck may disagree
US Lawmaker Hosts Meeting to Help Kamala Harris Gain Crypto Industry Support
4.8.2024
U.S. Congressman Ro Khanna will host a meeting to help Vice President Kamala Harris improve her relationship with the cryptocurrency industry. This is the second event of its kind in two months to aid Harris’ campaign efforts amid the Biden administration’s tough stance on crypto...
Several 2017 Wallets Reactivate in August: $28.2 Million in Bitcoin on the Move
4.8.2024
In July, numerous dormant bitcoin wallets, established in 2017, showed substantial activity. This trend continues into August, with 467.63 BTC spent so far, amounting to approximately $28.2 million. Millions on the Move: What’s Behind the Reawakening of 2017 Bitcoin Wallets? Last month...
Trump Suggests Paying off $35 Trillion National Debt With Bitcoin — Wants US to Be Leader in Crypto
4.8.2024
Former U.S. President Donald Trump emphasized the importance of the U.S. leading in cryptocurrency, suggesting that the government could pay off its $35 trillion national debt with bitcoin. He described crypto as “a different form of currency” that is already “prominent”...
BRICS Advances Toward Independent Digital Payment Platform, Russian Official Says
4.8.2024
The BRICS economic bloc is progressing towards a digital payment platform, Russia’s Federation Council Speaker Valentina Matviyenko has revealed. The initiative, named BRICS Bridge, aims to establish an independent financial system. This system could mitigate dependency on Western...
Morgan Stanley’s 15,000 Financial Advisors Can Start Pitching Bitcoin ETFs to Clients Next Week: Report
3.8.2024
Morgan Stanley is set to offer spot bitcoin exchange-traded funds (ETFs) to select clients through its 15,000 financial advisors starting next week. This marks a significant first for a major Wall Street bank. Advisors can pitch Blackrock’s Ishares Bitcoin Trust and Fidelity’s Wise...
US Senators Flooded With 2,200 Letters Advocating Bitcoin as Strategic Reserve
3.8.2024
U.S. senators received over 2,200 letters within 48 hours advocating for Senator Cynthia Lummis’ bill to make bitcoin a strategic reserve. The bill proposes the U.S. government acquire a significant bitcoin reserve to bolster the U.S. dollar and pay down national debt, aiming to position...
Indian Court Reaffirms Legality of Cryptocurrency, Grants Bail to Yes World CEO
3.8.2024
The Orissa High Court in India has reaffirmed that cryptocurrency trading and transactions are neither banned nor deemed illegal in India. Citing the legality of crypto, the court granted bail to Sandeep Chowdhury, CEO of Yes World, who was accused of defrauding investors through a Ponzi scheme...
Crypto leaders, Harris campaign officials set for roundtable
3.8.2024
The upcoming roundtable hosted by Ro Khanna represents a crucial opportunity for the cryptocurrency industry to influence the policy direction of the next administration
Grayscale ETHE outflows continue as Ethereum ETF shows mixed trends
3.8.2024
Factors such as market performance, management strategies, and broader economic conditions could influence the significant outflows from Grayscale’s ETHE
Bitcoin and Crypto to Gain as Falling Rates Expand Global Liquidity, Says 21shares VP
3.8.2024
The head of strategy at crypto investment firm 21shares has explained that the broad-based bitcoin selloff following the Federal Reserve’s decision to keep interest rates unchanged was partly due to increasing geopolitical tensions in the Middle East and fears of conflict escalation, leading...
State Duma Financial Market Committee Leader Envisions Bitcoin and Digital Ruble Exchanges
3.8.2024
Anatoly Aksakov, chairman of the Financial Market Committee of the State Duma, the Russian equivalent to the U.S. House of Representatives, has predicted that bitcoin and digital ruble exchanges will become a reality in the coming years. Aksakov also foresees the need for digital ruble-based...