Australia and other major markets such as the United States and Hong Kong are embracing Bitcoin ETFs as an investment option. Along the line, the Australian Securities Exchange Ltd. (ASX), has officially approved the first spot Bitcoin exchange-traded fund. It will begin trading on June 20. Fund issuers like Van
June 15, 2024 2 mins read
Trezor, a hardware cryptocurrency wallet, launched three products, namely, Trezor Safe 5, the Bitcoin-only version, and Trezor Expert onboarding service, on June 14. Trezor CEO Matej Zak announced this at BTC Prague 2024, the largest Bitcoin event in Europe. The products are designed to promote self-custody among digital asset holders
June 14, 2024 2 mins read
The U.S. SEC Chairman Gary Gensler’s statement regarding the spot Ethereum ETF approval by September has spurred the community to speculate on the price momentum of Ethereum (ETH). Notably, demand for Ethereum surged this week. This is evident from the inflows of permanent holders purchasing 298,000 ETH on Wednesday, marking
June 14, 2024 2 mins read
XRP, is one of the prominent altcoins, despite being one of the top cryptocurrencies by market cap. It has experienced a prolonged period of underperformance due to ongoing legal battles with the U.S. Securities and Exchange Commission (SEC). This week also marked a bearish phase with a 7% decline. Currently,
June 13, 2024 2 mins read
Toncoin (TON), the native token of the TON blockchain developed by Telegram, is standing out in the altcoin market’s challenging landscape. Despite prevailing adverse conditions, Toncoin has risen by 8.60% in the past 24 hours, surging to $7.64. Analysts are optimistic, forecasting a potential rise to $10 in the near
June 13, 2024 1 min read
Ripple CEO Brad Garlinghouse announced the company’s much-anticipated new stablecoin, Real USD (RLUSD). Which happened at the XRP Ledger Community Summit 2024 (XRPL Apex) in Amsterdam. Further, the announcement was made during his keynote speech. That emphasizes Ripple’s ongoing journey with stablecoins and its dedication to expanding its ecosystem. Garlinghouse
June 12, 2024 2 mins read
Bithumb, the second-largest cryptocurrency exchange in South Korea, has announced the launch of the Internet Computer Protocol (ICP) Korean Won (KRW) trading market to commence on June 12, 2024, at 20:00. The launch of the ICP-KRW trading pair is expected to provide more possibilities and facilitate liquidity in the market.
June 12, 2024 2 mins read
Binance Coin (BNB), the native token of the world’s largest crypto exchange, soared to a record high of $720 on June 6th. However, within a week, its value tumbled to $616, leading to a 7.13% decline over the past 24 hours. Moreover, BNB’s market capitalization surged to over $109 billion
June 11, 2024 1 min read
Digital asset investment products saw an inflow totaling $2 billion in the last week, bringing this recent 5-week of positive inflows to $ 4.3 billion. And trading volumes in exchange-traded products (ETPs) rose to $12.8 billion for the week, 55% up from the week prior, according to the recent report
June 10, 2024 2 mins read
Bitcoin has achieved its second-highest weekly close ever, with massive ETF inflows emerging as a major bullish catalyst amidst being stuck in a bearish trap. On June 7, the Bitcoin price surged to $71,833, its highest price since May 21. However, it failed to reach the $72,000 resistance level due
June 10, 2024 2 mins read