Net outflows resumed on Tuesday, May 7, ending the Bitcoin ETF trend that had been going on for two consecutive days. Grayscale Bitcoin ETF GBTC saw a net outflow of $28.6 billion, while all US Bitcoin ETFs experienced a net outflow of $15.7 million, according to statistics from Farside Investors.
May 8, 2024 1 min read
South Korea’s charities and contribution campaigns may take a hit as digital currencies are not included in the country’s recently revised donation laws. According to Kyunghyang Shinmun, a local media site, the Ministry of Public Administration said on May 5 that they had submitted modifications to South Korea’s “Donations Act”
May 6, 2024 2 mins read
Bluesky is a decentralized social media network that Jack Dorsey, co-founder of Twitter and Twitter CEO in 2019, created and financed. Dorsey has since resigned from his position on the board of directors. In a post on May 5, Bluesky acknowledged Dorsey’s departure, said that it was “searching for a
May 6, 2024 1 min read
Sports advertising on crypto.com, a leading exchange in the cryptocurrency ecosystem, is about to increase. Among the exchange’s goals in its quest for international prominence is the expansion of its dominance. Bloomberg states that Steven Kalifowitz, chief marketing officer of Crypto.com, has acknowledged the company’s intentions to ramp up its
May 5, 2024 2 mins read
Criticism about the tokenomics of Sui Network tokens have been addressed and explained by the Layer-1 decentralized platform. Published on the X platform, this statement rebuts criticisms leveled about its tokenomics, in particular its distribution and the founders’ control over them. Beyond claims of possessing a huge number of tokens,
May 5, 2024 2 mins read
As of right now, Sui Network is commemorating the one-year anniversary of its mainnet debut. After starting off as an isolated ecosystem, the Sui Network has grown into a powerful Layer-1 decentralized platform in under a year. To further its artificial intelligence and web3 projects, Sui Network teamed up with
May 4, 2024 2 mins read
With US nonfarm payrolls coming in substantially lower than predicted, raising the possibilities of a dovish stance by the Fed, the price of Bitcoin soared quickly after the announcement of the data on May 3, Friday. The seven-day losing streak for US Bitcoin ETFs came to an end as a
May 4, 2024 2 mins read
Robert Kiyosaki, author of the best-selling book “Rich Dad Poor Dad,” is well-known for his financial analysis. He recently offered his take on how to navigate the volatile crypto market. Speaking to his followers on X, Kiyosaki explored the special chances that come during market slumps. He encouraged his followers
May 3, 2024 2 mins read
A strong Bitcoin advocate, Michael Saylor, executive chairman of MicroStrategy, has said that Ethereum is a security rather than a commodity. At the MicroStrategy World 2024 conference on Thursday, May 2, he made some remarks on ETH. Michael Saylor did not stop at criticizing Ethereum and labeling it a security;
May 3, 2024 1 min read
Despite missing revenue projections, Bitcoin (BTC) mining business Riot Platforms announced a whopping $211.8 million net income for Q1 2024, up 1,000% year-over-year. The primary driver of the 55.4% year-on-year growth in mining income to $74.6 million, as revealed in Riot’s first quarter earnings announced May 1, was the 131%
May 2, 2024 1 min read