On Tuesday, spot bitcoin exchange-traded funds in the US recorded net inflows, bringing in $31 million. This comes after eleven bitcoin funds saw net withdrawals for seven trading days in a row. SoSoValue data shows that on Tuesday, $49 million came into Fidelity’s FBTC, with Bitwise’s BITB following with $15
June 26, 2024 1 min read
Prominent gaming blockchain Oasys announced its collaboration with Vortex Gaming, a South Korean gaming community platform. Through the partnership, Oasys will have a stronger foothold in the Korean market and Vortex players will have access to Oasys’ newest games. Through Inven, a prominent force in Korean gaming webzine industry with an amazing
June 26, 2024 2 mins read
With a market valuation of over $1 billion, zkSync’s much-anticipated token debuted on June 17. Despite a brief surge in the first launch hours, ZK’s market value progressively declined in the days that followed, most likely as a result of persistent sell pressure from airdrop participants and generally unfavourable market
June 25, 2024 1 min read
Major withdrawals have been seen in the US spot Bitcoin ETFs for seven consecutive days, coinciding with the Bitcoin (BTC) price’s continued decline. No Bitcoin exchange-traded fund (ETF) saw any form of inflow on Monday, June 24, contributing to a total outflow of $174.5 million across all ETFs. Withdrawals from
June 25, 2024 1 min read
For the EigenDA data-availability service on the Ethereum mainnet, EigenLayer has implemented a whitelist security feature to protect it against Sybil and distributed denial of service attacks. This layer of protection may take the form of an ECDSA authentication using either an IP address or an Ethereum address. The security
June 23, 2024 1 min read
This is not the first time the Blockchain Association has voiced its disapproval of the IRS’s proposed broker-dealer regulations. This time, the group is concentrating on the unfair burden that these regulations would place on cryptocurrency businesses, investors, and the IRS. The Association’s letter referenced the Paperwork Reduction Act, which
June 22, 2024 1 min read
Amid heavy withdrawals from the U.S. Spot Bitcoin ETFs, the cryptocurrency’s price has remained low throughout the week. Concerns over Bitcoin’s near-term performance were sparked by statistics from Farside Investors, which showed that these ETFs saw a total outflow of $545 million this week. Also, the stock market was closed
June 22, 2024 1 min read
In a letter sent to the United States Internal Revenue Service (IRS), blockchain development company Consensys asked for a postponement of the planned tax legislation. That would have exchanges and brokers report specific cryptocurrency sales. The letter stated: “We must echo our overarching concern … that certain aspects of the
June 21, 2024 1 min read
On Thursday, $139.88 million left U.S.-based spot bitcoin exchange-traded funds, marking the fifth day in a row of net withdrawals. Yesterday, according to statistics from SoSoValue, the top two funds in terms of daily net outflow were GBTC (Grayscale) and FBTC (Fidelity). With GBTC posting $53 million and FBTC $51
June 21, 2024 2 mins read
According to statistics compiled by CryptoQuant, the reserves held by Bitcoin miners have fallen to levels not seen since 2021. The value of the reserve that miners have not yet sold reveals the amount of bitcoin held by linked miner wallets; the quantity itself represents the reserve. After beginning the
June 20, 2024 1 min read
