In this category of NewsCrypto, you will find news covering the whole cryptocurrency market and delivering the most recent developments in the industry. The market news section is constantly updated by a team of writers worldwide, who work tirelessly to bring you the most up-to-date information. Investors, standard readers, and financial lovers worldwide may find the most up-to-date information about the cryptocurrency and blockchain industry in the market news area. The website focuses on providing readers with unbiased information on current crypto market movements.
Elon Musk’s Tesla has made its first significant Bitcoin move in over two years, transferring around 11,500 BTC valued at approximately $765 million. The transaction, revealed by Arkham Intelligence, occurred on October 16, 2024, in multiple batches. It has stirred considerable interest in the cryptocurrency world. These Bitcoin transfers were
BlackRock CEO Larry Fink, during the Q3 2024 earnings call, described Bitcoin as a “core asset class,” signalling a major shift in the perception of cryptocurrencies by one of the largest asset managers in the world. Bloomberg ETF analyst Eric Balchunas shared Fink’s full quote from the earnings call, where
The crypto market’s prolonged battle to break the bearish pressure continues, with certain signs of recovery from recent downturns. It drove the overall market cap to $2.29 trillion, spiked over 2.20% in the past 24 hours. The leading cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), have gained over 2%. Amid this,
In its pursuit of methods to use its substantial earnings, Tether Holdings Ltd., the corporation responsible for the USDT stablecoin, is contemplating financing to commodities traders. The corporation has reportedly approached many commodities businesses about US-dollar lending, according to sources familiar with the situation. A market that has relied on
Shaktikanta Das, governor of India’s Reserve Bank (RBI), has emphasized the potential usefulness of the country’s digital rupee and restated his support for Central Bank Digital Currency (CBDC). Further, he reiterated his prior position on digital assets by praising the innovation and suggesting it may be used to circumvent certain
Global crypto funds managed by asset giants such as BlackRock, Bitwise, Fidelity, Grayscale, and ProShares experienced net inflows of $407 million last week, according to CoinShares. This marked a sharp reversal from $147 million in outflows the previous week. The inflows were primarily driven by U.S.-based funds, which contributed $406
The Central Bank of the UAE has granted in-principal approval for the first AED stablecoin. Furthermore, this milestone, announced on October 13, 2024, marks a significant advancement in the UAE’s digital currency landscape. The stablecoin will be pegged to the UAE dirham, aiming to provide stability for digital transactions. Al
Germany’s Samara Asset Group (AG) has announced plans to invest up to €30 million in Bitcoin. This move is part of a broader strategy to increase its exposure to the cryptocurrency market. Samara AG is following a similar path to that of MicroStrategy, a company known for its significant Bitcoin
Monochrome Asset Management is poised to make history with the launch of the world’s first Ethereum exchange-traded fund (ETF) on Cboe Australia. Furthermore, the company’s Ethereum ETF, known as the Monochrome Ethereum ETF (IETH), is likely to attract significant attention. Investors seeking exposure to Ethereum can benefit from this option,
After momentarily challenging the $555 support level, BNB, the native token of BNB Chain, gained 4.1% from October 10th to October 11th, indicating resilience. Despite a drop in the overall cryptocurrency market since July, the price of BNB has been quite consistent. The success of BNB has propelled it to
