Sat, July 25

VanEck’s Spot Bitcoin ETF Sees Massive Surge in Volume After Fee Reduction

A huge increase in trading volume occurred in VanEck’s fund less than seven days after the investment manager said it would be reducing the fee it charges for its spot bitcoin ETF. Eric Balchunas, a senior ETF analyst at Bloomberg, went to twitter to share his astonishment at the fund’s

February 21, 2024 1 min read

Mastercard Collaborates with Swoo Pay to Offer Crypto Loyalty Rewards

Mastercard, a payments behemoth, is collaborating with Swoo Pay, a mobile payments service that focuses on developing countries, to provide loyalty benefits in crypto. Major payment networks such as Visa and Mastercard have long allowed users to earn digital currencies as a kind of incentive, similar to loyalty points. Not

February 20, 2024 1 min read

Bitcoin Consolidates as Bulls Strongly Hold Price Over $52K Level

There has been a dramatic change in the Bitcoin liquidity scenario, especially on U.S cryptocurrency exchanges. The advent of exchange-traded funds (ETFs) in the U.S is largely responsible for the dramatic increase in liquidity shown in recent statistics. The liquidity dynamics of Bitcoin have changed significantly, with US-based crypto exchanges

February 20, 2024 2 mins read

Crypto Funds Weekly Inflows Reach $2.5B, Ether Tops Altcoin Investment

According to the most recent data from CoinShares, crypto funds managed by asset managers including BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares had record inflows of $2.45 billion worldwide last week. The new U.S. spot Bitcoin ETFs have been the most successful so far this year, bringing in $5.2 billion

February 20, 2024 1 min read

Bitcoin Futures Open Interest Surges Amid Price Rally to $52,300

Bitcoin futures have seen a significant increase in open interest on centralized exchanges, reaching a new high for the year and indicating a strong market activity and sentiment around the largest cryptocurrency. The aggregated open interest for Bitcoin futures on centralized exchanges reached $22.9 billion. This is the highest level

February 19, 2024 2 mins read

Grayscale’s GBTC Outflows Slow, Analysts Caution on Further Decline

Even if many think there’s space for further outflow, crypto asset manager Grayscale has seen a decrease in outflows from its spot Bitcoin ETF. Research from Bianco Research and Farside shows that as of February 16th, the total amount of money that has been pulled out of the Grayscale Bitcoin

February 19, 2024 1 min read

Can Bitcoin (BTC) Surge Past $60k This Week?

Today, Bitcoin’s (BTC) price is attempting a fresh surge above the $52,000 resistance mark, showing a 1.82% increase to trade at $52,295, with a market cap exceeding $1.02 trillion. This surge comes after Bitcoin rallied above $52,900 last week, marking its highest point in 26 months. Currently, BTC trading between

February 19, 2024 1 min read

VanEck Agrees to $1.75M Fine by SEC Over ETF Promotion Violation

In order to settle U.S SEC accusations related to the 2021 launch of an exchange-traded fund (ETF) centered on social media, VanEck agreed to pay a fine of $1.75 million. A civil penalty was levied on the investment advisor by the SEC. In a statement issued on February 16th, the

February 18, 2024 2 mins read

Coinbase Contributes $3.6M to Boost Bitcoin Developer Funding via Brink

Coinbase is contributing $3.6 million to Bitcoin supporting non-profit Brink as it closes GiveCrypto, an organization that distributed cryptocurrency to those in need. The campaign was announced to be ending in December by the exchange, who said it had failed to have a lasting effect. Coinbase did not disclose how

February 18, 2024 2 mins read

Robert Kiyosaki Backs Bitcoin, Warns of U.S Fed’s Impact on Economy

The renowned financial educator and prominent author of “Rich Dad Poor Dad” Robert Kiyosaki has spoken out against the Federal Reserve of the U.S and yet again advocated for other potential investments including Bitcoin, gold, and silver. Because of his belief that the practices of the United States central bank

February 18, 2024 1 min read