Dumping of cryptocurrency equities is ongoing as a due date for the anticipated approval of the spot Bitcoin ETF by the U.S SEC approaches. Following reports that Coinbase executives dumped their $COIN holdings, Cathie Wood’s asset management company Ark Invest allegedly dumped all of Grayscale Bitcoin Trust’s (GBTC) remaining shares.
December 28, 2023 1 min read
XRP is now witnessing a surge in market activity due to large-scale whale transactions. 20 million XRP tokens, worth $12.6 million, were sent to Bybit by an unidentified sender. But that wasn’t the end of this whale’s play. Two further substantial transactions took place within a 12-hour timeframe. In the
December 26, 2023 1 min read
Bitcoin has bounced back from its losses in 2022, reaching a new annual high and exhibiting indications of a robust year-end. Looking at past trends, it seems like there may be more growth ahead. This month, BTC reached a new year high of more than $44,000, recouping most of the
December 26, 2023 2 mins read
Last week, digital asset investment products saw an influx of $103 million from institutional investors. While $7.9 million went into Ethereum, $6 million went into Solana. Bitcoin was yet again at the forefront with $87.6 million. With a growth of over 50% from November, the Solana network now has over
December 25, 2023 2 mins read
Justin Sun, founder of Tron, provided an update that might increase liquidity on the Solana blockchain, which could be relevant given the 61% price surge in Solana (SOL) since December 1, 2023. Because of the recent spike in SOL Price, Solana’s market value briefly surpassed Binance Coin’s (BNB). Sun revealed
December 22, 2023 1 min read
The widespread speculation that a Bitcoin Spot ETF is soon to be approved seems to be pumping investors’ optimism. Industry sentiment is becoming stronger as several industry professionals and organizations have said that the SEC might approve a Bitcoin Spot exchange-traded fund (ETF) as early as January 2024. The widely
December 22, 2023 2 mins read
The founders of the crypto hedge fund Three Arrows Capital (3AC) have had assets worth about $1 billion frozen by a court in the British Virgin Islands. This development has been verified by Teneo, the fund’s liquidator to Bloomberg. According to an email from liquidator Teneo, the court has granted
December 21, 2023 2 mins read
The Central Bank of Ireland (CBI) has approved Ripple as a virtual asset service provider (VASP), marking another regulatory milestone for the company in Ireland. With its addition to the CBI’s list of registered VASPs, Ripple is now able to provide specific digital asset services in Ireland, the company said
December 20, 2023 2 mins read
Data shows that open interest in Bitcoin options on the CME has hit a record high. Options open interest on bitcoin futures contracts at CME has surpassed $2 billion in the last 24 hours. Consistent with this conclusion, Velo Data reports a $2.1 billion peak in options open interest on
December 20, 2023 2 mins read
Two months of training on the Cardano platform for developers took place in Nairobi, Kenya, thanks to a new partnership between IOG Education and the Africa Blockchain Center (ABC). This course was designed to help close the skills gap in blockchain development, which is becoming more important in countries like
December 20, 2023 2 mins read