Sun, July 26

Australia Braces for Bitcoin ETF Boom Amidst Record Highs

As the crypto market shifts towards an uptrend and Bitcoin ETFs gain momentum, Australia is poised to ride the bullish wave in the crypto market with the imminent launch of Bitcoin exchange-traded funds (ETFs). This announcement follows in the footsteps of the US and Hong Kong lead; prominent issuers like

April 29, 2024 1 min read

Bitcoin Dips to 10-Day Low Amidst  Heightened  Selling Pressure

Bitcoin experienced a downward trend, hitting a 10-day low of $62,230.51, with trading volume increasing by 10% to $19 billion. Over the past week, it faced a 6% decrease in price, struggling to surpass the $64,000 mark. This lackluster performance coincided with a slight drop in Social Volume, indicating waning

April 29, 2024 1 min read

Bitcoin ETFs in US Experience $328M Net Outflow in Volatile Week

Net flows for Bitcoin Spot ETFs in the US showed significant volatility for the week ending April 26, 2024. Additionally, when they lost momentum, these ETFs had a huge $328 million net outflow for the week. In addition, the Bitcoin price fell just before this outflow spiked, which may have

April 28, 2024 2 mins read

zkSNACKs Exits U.S Market Amid Ongoing Regulatory Issues

The zkSNACKs platform is now inaccessible to users in the US due to regulatory issues. The developer of the privacy-enhancing Bitcoin wallet Wasabi Wallet, zkSNACKs, has begun denying access to its services to those residing in the United States. Some users are unable to access the zkSNACKs website, which prevents

April 28, 2024 2 mins read

Former Grayscale Director Predicts Bitcoin Price Drop to $52K

Former Grayscale Investments director Phil Bonello has lately shook up the cryptocurrency world with a slew of comments and forecasts about Bitcoin’s future. Furthermore, he provided comments about the wider cryptocurrency industry. Bonello indicated that the current adverse swing in Bitcoin’s price would lead to a huge fall. Among the

April 28, 2024 2 mins read

Phoenix Wallet Exits U.S Market Amid Increasing Regulatory Scrutiny

Phoenix Wallet, a non-custodial Bitcoin lightning wallet has announced its intention to remove itself from the Google Play Store and the Apple App Store in response to the increasing governmental pressures in the United States. American users should withdraw their funds from their wallets before May 3, 2024, when the

April 27, 2024 2 mins read

Will Bitcoin Bulls Triumph Over its Current Trials?

The cryptocurrency market finds itself gripped by fear, uncertainty, and doubt as the bears tighten their grip on prices. Bitcoin, the bellwether of the crypto world, plummeted to a low of $63.4K, triggering anxiety among traders. Social media platforms are witnessing a scarcity of buy calls while sell signals surge,

April 27, 2024 2 mins read

Custodia Bank Files Appeal After Court Ruling on Federal Reserve Account Access

Following last month’s ruling by a Wyoming court that Custodia Bank did not have the right to a Federal Reserve master account, the digital asset bank filed a notice of appeal on Friday. As the latest development in a long-running dispute over the bank’s potential access to the central bank’s

April 26, 2024 2 mins read

UK Authorities Gain Power to Seize Crypto Holdings Without Arrests

Authorities in the United Kingdom now have more power to “seize, freeze, and destroy” offenders’ crypto holdings, according to the National Crime Agency (NCA) and police. The country’s law enforcement will be able to confiscate cryptocurrency assets without first making an arrest, according to the new regulations. A press statement

April 26, 2024 2 mins read

Fidelity’s Spot Bitcoin ETF Sees First Net Outflows Since Debut

Based on recent statistics, Fidelity’s spot bitcoin ETF had net outflows of $22.61 million on Thursday, marking the first day since the fund’s debut in January that more money was moving out of the ETF. Daily withdrawals of $217.58 million were reported by many additional U.S. bitcoin funds. Data indicated

April 26, 2024 2 mins read