Amid a faltering cryptocurrency market, spot Bitcoin exchange-traded funds (ETFs) based in the US had their largest day of net inflows in over a month. Net inflows for the 11 ETFs totaled $295 million as of July 8. The net inflows across all funds have been positive for the first
July 9, 2024 1 min read
Halliday, the commerce automation network for modular chains, has announced the public launch of its network. With more than 26 partners thus far and support from prominent investors like Andreessen Horowitz and Hashed, the platform wants to make its technology available to a broad range of businesses and commerce apps.
July 8, 2024 2 mins read
Publicly traded companies in Japan are steadily increasing their Bitcoin holdings each week. Metaplanet bought 42.47 Bitcoins worth approx 2.42 million USD, to take advantage of the current Bitcoin price drop. Coincidentally, the purchase of Bitcoin occurred earlier today, just as its price plummeted below $54,500. At the time of
July 8, 2024 1 min read
Another contentious examination of Bitcoin (BTC) including the Exchange-traded Fund (ETF) has been produced by economist and proponent of gold, Peter Schiff. Schiff drew attention to the present trends in trading and the influx of Bitcoin ETFs. Stating that the “smart money” sells BTC on the spot market. Conversely, individuals
July 8, 2024 2 mins read
This week, the cryptocurrency market will be watching closely for important economic data and events that might influence the price of Bitcoin and other cryptocurrencies. Significantly, the last several weeks have been very unpredictable, with Bitcoin’s price seeing a precipitous decline last week. Bitcoin and altcoin euphoria seem to have
July 8, 2024 2 mins read
Investors and traders are putting their faith on Friday’s U.S. employment data to contain the unstoppable fall in bitcoin (BTC) prices. Bitcoin fell below $54,000 in early Friday trading after news spread that the now-defunct Mt. Gox exchange had transferred $2.6 billion worth of bitcoin, purportedly to pay off creditors.
July 5, 2024 1 min read
In the UK general election, the Labour Party defeated Rishi Sunak’s conservative party by a wide margin, marking the first time in fourteen years that the party has been out of power. There is a lot of anticipation within the crypto community in the UK. As they await the outcome
July 5, 2024 2 mins read
Flare, the layer 1 blockchain for data, has announced a collaboration with LayerZero V2, which would link it to 75 blockchains, including Ethereum, Solana, and Ethereum Layer 2 networks. Over 50,000 decentralized apps that have embraced LayerZero’s cross-chain messaging protocols may now utilize Flare, which is a significant milestone for
July 4, 2024 3 mins read
The ADA community has shown remarkable resilience in the face of June’s declining trends. A measure of the average length of time coins are kept, the Mean Coin Age, has been steadily increasing. There seems to be a lot of faith in the future of ADA, since investors are keeping
July 3, 2024 1 min read
The 11 U.S spot bitcoin ETFs had a net withdrawal of $13.62 million on Tuesday, marking a return to negative flows after five consecutive days of inflows. According to SosoValue statistics, GBTC (Grayscale) witnessed outflow of $32.38 million and BITB (Bitwise) shed $6.76 million. In contrast, $14.12 million came into
July 3, 2024 1 min read
