Twenty days have passed since the debut of U.S. spot ethereum exchange-traded funds (ETFs), encompassing 14 trading sessions to date. During this period, the overall net inflows have dipped to a loss of $ 405.94 million. Nevertheless, Blackrock’s ETHA and Fidelity’s FETH have witnessed significant gains. ETHA’s net inflows are approaching the $ …
A professor at Cornell University’s Dyson School, Eswar Prasad, has raised concerns about the increasing risks in the cryptocurrency market, pointing to regulatory gaps and centralization as key issues. “If anything, crypto today presents even greater risks to its investors and to our financial institutions than it did before,” he said. Cornell Professor’s Crypto Warning […]
With a 5% upswing in the crypto economy over the past day, following a broad market recovery, the stablecoin economy has ballooned by $ 1.53 billion in just three days. A notable $ 750 million of that growth occurred within the last 24 hours alone. Tether’s $ 1.26B Growth Fuels Stablecoin Expansion …
Irish authorities seized $ 7.1 million in cryptocurrency in a raid targeting money laundering and darknet sales. Three individuals were arrested, with one remaining in custody. “The arrests of the three individuals and the assets seized are the result of a highly complex investigation into criminal darknet marketplace activities by specialist investigators attached to …
Mutiny Wallet has announced that it will be shutting down its operations by the end of 2024 due to significant technical challenges in Bitcoin Lightning wallet development. The company is exploring alternative products and has decided to wind down the wallet as it becomes increasingly complex to maintain. Users will still have the option to […]
On Wednesday, at approximately 4:11 p.m. EDT, bitcoin’s value against the U.S. dollar stood at $ 54,709 per unit, reflecting a 3.41% decrease over the preceding 24 hours. Concurrently, in South Korea, the price of bitcoin was $ 57,027 per coin, representing a 4.23% premium. According to data from cryptoquant.com, the South Korean …
A group of Democrat lawmakers, including Massachusetts Senator Elizabeth Warren, has penned a letter to Commodities and Futures Trading Commission (CFTC) Chairman Rostin Behnam, urging the agency to prohibit all forms of election-related gambling in the United States. This appeal is timely, as Polymarket, a blockchain-based platform for real-time prediction markets, has gained traction with […]
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. But from my seat, today’s events play into the long-term story for […]
Cryptocurrency exchange Bybit has announced its exit from the French market, citing increasing regulatory pressures from French authorities. The Autorité des Marchés Financiers (AMF) had previously issued a warning against Bybit, advising investors to avoid trading on the platform. Starting August 2, 2024, Bybit will restrict French users’ accounts to “close-only” mode, allowing them only […]
MARA, a leader in digital asset compute, reported a significant revenue increase of 78% to $ 145.1 million for the second quarter of 2024. Despite this growth, the company faced a substantial net loss of $ 199.7 million, driven by a $ 148 million fair value loss on digital assets. MARA Reports …
Coinbase posted $ 1.4 billion in total revenue for the second quarter of 2024, marking a period of continued growth and progress in the crypto industry. The company’s earnings report said it also made strides toward regulatory clarity in the U.S., a key development for the broader crypto economy. Coinbase Publishes Q2 2024 Earnings …
Recent analysis from QCP Capital highlights the intensifying macroeconomic volatility, driven by various factors including equity market sell-offs, unwinding currency trades, and fluctuating commodity prices. QCP Capital’s researchers foresee further turbulence ahead, particularly in light of upcoming Federal Reserve actions. QCP Capital Cites Heightened Volatility Ahead of Key Federal Reserve Decisions QCP Capital reports that […]
The cryptocurrency market experienced a downturn on Tuesday, decreasing by 1.94% against the U.S. dollar, lowering the total market value to $ 2.38 trillion. Leading cryptocurrencies, including bitcoin, solana, binance coin, dogecoin, and cardano, faced losses. In contrast, ethereum, xrp, and toncoin achieved modest gains. Crypto Market Dips, Long Positions Lead to $ …
Swiss-based crypto bank Sygnum has achieved profitability in the first half of 2024, marking a significant milestone in the digital asset industry. The bank’s success is attributed to robust growth across its core business segments, including custody, trading, and lending services. With assets under administration surpassing $ 4 billion, Sygnum caters to clients from …
In response to compliance requests from Japan’s Financial Services Agency, crypto exchange Gate.io has announced the suspension of new account registrations for customers based in Japan, effective from July 22, 2024. The exchange is ceasing all services in the country due to regulatory pressures. However, Gate.io has expressed its intention to comply with Japanese laws […]