Nearly 1,000 U.S. corporations have purchased Bitcoin exchange-traded funds (ETFs), contributing to Bitcoin’s surge in volumes among its new institutional investment products. Daily spot Bitcoin volumes surpassed $5 billion, according to data published to X on May 16 by research company Santiment. Since Bitcoin reached a record high of $73,800,
May 17, 2024 1 min read
droppGroup, a pioneer in harmonizing blockchain technology and artificial intelligence, has announced the launch of droppLink, an intelligent service platform that has the potential to revolutionize AI management and development across many blockchains. The droppLink architecture gives consumers ownership and control over data contributions, democratizes micropayments, and abstracts computing needs. Computational Resource Patrons (CRPs)
May 17, 2024 2 mins read
After the FLOKI DAO approved a major token burn proposal, the meme coin FLOKI saw a large spike of around 6% today. The FLOKI community is filled with confidence due to this event and other recent large listings and exchange integrations, which might mean that FLOKI’s rising trend will likely
May 16, 2024 1 min read
Gaming-focused blockchain network Oasys is striving to expand the cryptocurrency gaming sector in Japan with a new collaboration with SBINFT Market, an NFT marketplace managed by a division of SBI Group, the Tokyo-based banking behemoth. Oasys, a chain that has attracted attention from major players in the traditional video game industry including
May 16, 2024 1 min read
Subsquid has announced that it has secured $17.5 million in investment to develop its omnichain indexing solution. With the integration of the Web3 indexing provider’s SDK with Google BigQuery, developers may now analyze robust blockchain data. Google and Subsquid’s integration offers businesses and big data analytics a potent blockchain data source.
May 16, 2024 1 min read
Starting the week on a strong note, the U.S Spot Bitcoin ETF space seems to be maintaining its momentum. After recording three days of outflows last week, the U.S Spot Bitcoin ETF has seen an inflow of approximately $170 million during the first two days of this week. On the
May 15, 2024 2 mins read
With the impending verdict on Ethereum Spot ETF applications from the US Securities and Exchange Commission (SEC) looming on the horizon, Bybit, one amongst the world’s top three cryptocurrency exchanges in the world by volume, has unveiled “Ethereum Euphoria: The ETF Expedition.” In addition to learning about the effects of big market
May 15, 2024 2 mins read
In its ongoing drive to expand throughout the Asia-Pacific region, cryptocurrency exchange OKX has decided to transfer its Australian-focused services to a locally licensed firm. According to OKX president Hong Fang, who spoke at a press conference in Sydney on May 14, the Australian market is significantly underrated. Fang added:
May 14, 2024 1 min read
Following a three-hour outage that started at 4:15 AM UTC, the cryptocurrency exchange Coinbase is back up. The status page for the exchange’s website indicates that it was back up and running at 07:42 UTC. Before, a “503 Service Temporarily Unavailable” notification had been viewed by website visitors. Users’ absolute
May 14, 2024 1 min read
As a hedge against Japan’s ongoing economic woes, the Tokyo-listed crypto investment and consultancy business Metaplanet Inc. has decided to accommodate Bitcoin in its strategic treasury reserve. The company stated: “The move is a direct response to sustained economic pressures in Japan, notably high government debt levels, prolonged periods of
May 13, 2024 2 mins read