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
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
The new partnership between Polygon (MATIC) and Robinhood Wallet is a major step forward in Q2 2024 strategy. Users can use Polygon’s proof-of-stake network (PoS) to conduct cross-chain swaps in Robinhood Wallet. The partnership, which was unveiled on April 27, 2024, makes use of LI.FI and 0x Project technologies. Because
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
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
The co-founder of Solana, Raj Gokal, has lately spoken out strongly against the doubts many have about meme coins. While supporting meme currency initiatives, he also subtly attacked Vitalik Buterin, Ethereum’s co-founder. To further emphasize his point of view, he included a photo of Buterin with the message. Despite the
Today, the cryptocurrency market witnessed a mixed performance with a negative bias, particularly impacting Solana (SOL), a token known for its remarkable transaction speeds and scalability. Despite its advantageous features, Solana experienced a challenging period, reflected in a 5% decrease in its price over the past day and a 27%
At least two weeks after discovering them, the Layer 2 network Optimism patched two serious vulnerabilities on its testnet. Optimism upgraded its testnet on April 25, according to Offchain Labs, who discovered the vulnerabilities on Friday. A software company warned that malicious actors might change the chain’s history and perform
Depository Trust & Clearing Corporation (DTCC) has decided to assign zero collateral value to Exchange Traded Funds (ETFs) featuring Bitcoin or other cryptocurrencies as underlying assets. Effective immediately, these securities will face a 100% haircut, aimed at mitigating risks within the financial system and reducing leverage-based financialization games on Wall
The latest update from the cryptocurrency market shows a slight uptick in global crypto activity, albeit with some notable declines. The overall market capitalization dipped by 1.79%, to $2.33 trillion, and a 19.83% decrease in total trading volume, now at $63.56 billion. Bitcoin is facing challenges in maintaining support levels
