Fri, January 17

BlackRock’s BUIDL Fund Hits $500M in Market Value

BlackRock’s BUIDL token, created in partnership with Securitize and backed by U.S. Treasuries, has exceeded a market value of $500 million. Ethereum blockchain data from Etherscan confirmed the milestone on Monday. BUIDL token was introduced in mid-March and rapidly accumulated $502.8 million in tokenized treasuries within four months. This significant

July 9, 2024 2 mins read

Bybit Launches Pre-Market Trading for Hamster Kombat Token (HMSTR)

Bybit, a crypto exchange, is showing its backing for new projects on The Open Network (TON). By allowing pre-market trading of the token for the world record-breaking game Hamster Kombat. On July 8, Bybit made an official announcement about the launching of the Hamster Kombat (HMSTR) token on its Bybit

July 8, 2024 2 mins read

Digital Asset Investments Soar as Bitcoin Dominates Amid Price Dip

In the last week, digital asset investment products saw inflows of $441 million, according to a new report from CoinShares. The report from July 8th also mentioned a $398 million influx into Bitcoin investment products. Investors’ purchasing sprees were likely caused by the lower Bitcoin prices, activity from Mt. Gox,

July 8, 2024 1 min read

Messari CEO Announces Abandoning the SEC Until Reforms

Leading US-based Market intelligence firm, Messari has abandoned all connections with the SEC. The firm’s CEO released a strong-worded statement, lashing out at the regulator’s corrupt activities and pointing to its ‘unjust’ actions. In the past few months, multiple cryptocurrency firms have found themselves under the scrutiny of the SEC

July 8, 2024 2 mins read

Did Institutional Transfers Play Major Role in Ethereum’s Downfall?

Amid a challenging bearish market, Ethereum has recently approached a four-month low, dropping from $3,043.58 to $2,826.48 over the past 24 hours. However, there is a tentative recovery with a modest 2% increase noted at the time of writing. One of the most notable developments amid this volatility has been

July 8, 2024 1 min read

Key U.S Economic Data Set to Influence Crypto Market This Week

This week, the cryptocurrency market will be watching closely for important economic data and events that might influence the price of Bitcoin and other cryptocurrencies. Significantly, the last several weeks have been very unpredictable, with Bitcoin’s price seeing a precipitous decline last week. Bitcoin and altcoin euphoria seem to have

July 8, 2024 2 mins read

Vitalik Buterin Warns of Privacy Challenges Amid EU’s Chat Monitoring Proposal

In response to the EU’s efforts to regulate chats on social media platforms, Vitalik Buterin, co-founder of Ethereum, has spoken out. Vitalik Buterin expressed his satisfaction at the resounding defeat of the European Union’s Chat Control 2.0 plan. He was appreciative of the work of many people and organizations who

July 6, 2024 2 mins read

Grayscale Revises Crypto Fund Components, Polygon (MATIC) Removed

In light of evaluations conducted in the second quarter of 2024, crypto asset manager Grayscale Investments has revealed revised component weightings of crypto assets within its primary funds. Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund), Grayscale Digital Large Cap Fund (GDLC), and Grayscale DeFi Fund (DEFG) are the primary

July 6, 2024 1 min read

Yearly Crypto Remittances to Venezuela Surges Over $460 Million

Cryptocurrency remittances to Venezuela have increased dramatically in the last year, reaching over $460 million. In general, the country’s remittances have increased as a result of the large number of migrants caused by the severe economic circumstances. Crypto adoption has been on the rise in Latin America and other regions

July 6, 2024 1 min read

Investors Await Upcoming U.S Employment Data Amid Market Nosedive

Investors and traders are putting their faith on Friday’s U.S. employment data to contain the unstoppable fall in bitcoin (BTC) prices. Bitcoin fell below $54,000 in early Friday trading after news spread that the now-defunct Mt. Gox exchange had transferred $2.6 billion worth of bitcoin, purportedly to pay off creditors.

July 5, 2024 1 min read
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