The crypto community is becoming more worried as inflows to BlackRock’s spot Bitcoin ETF have paused for many days in a row, marking the first such occurrence since the fund’s introduction. In the US, the iShares Bitcoin Trust (IBIT) of BlackRock, which is the fastest-growing spot Bitcoin ETF, has not
As the bearish April month draws to a close, the crypto community is eagerly anticipating a potential altcoin bull rally in May, particularly following the Bitcoin halving event that took place ten days ago. Despite the recent market volatility and the continued slide in altcoin prices, market watchers are eyeing
The market has seen massive liquidation as the values of cryptocurrencies, especially Bitcoin, have fallen precipitously in the last day. The liquidation of some of these digital assets exceeded $286 million in leveraged crypto positions. In the last 24 hours, about 99,014 traders have been liquidated, with a total of
On Tuesday, the six new spot bitcoin and ether exchange-traded funds (ETFs) in Hong Kong recorded a trading volume of over HK$87.5 million ($11.2 million). This is in stark contrast to the $4.6 billion first-day volume recorded in January by the eleven spot bitcoin ETFs in the US. According to
As the highly anticipated launch of the new privacy layer-3 (L3) blockchain approaches, Shiba Inu community administrator Ragnar has drawn SHIB enthusiasts’ attention to the collaborative utility of ecosystem tokens. In a recent post on X, Ragnar highlighted an explanation by “Buzz,” the founder of K9 Finance DAO, a partner
Launching support for the Lightning Network today, crypto exchange Coinbase gives its customers a quicker and cheaper option to transfer, receive, or pay with bitcoin straight from their account. In the past, Coinbase’s bitcoin transfers were handled on-chain, which meant that they may take anywhere from ten minutes to two
With the finalization of a $10 million investment round, London-based Harris and Trotter Digital Assets, a worldwide cryptocurrency accounting business, has taken a big step toward solving accounting issues that affects all Web3 projects. The round was headed by Orbs and includes investments from RE7 Capital, Kingsway Capital, and other notable Web3
Animoca Brands, the Hong Kong-based giant in web3 gaming and metaverse investments, is advancing its plan to construct an ‘open metaverse’ within the Bitcoin ecosystem by partnering with the Runes-powered Opal Protocol. The protocol’s list of “genesis members” features six portfolio companies of Animoca Brands, namely, Life Beyond, Open Campus,
Avalanche (AVAX) showcased a significant recovery amidst the crypto market’s downturn, surging by 8% following its strategic alliance with Stripe, a leading online payment processing platform. This collaboration may pave the way for potential long-term growth for AVAX. Stripe’s integration of USDC preceded its partnership with Avalanche, allowing Core to
In spite of reporting a financial loss of $53.1 million in the first quarter of 2024, the biggest corporate holder of Bitcoin, MicroStrategy, proceeded to stack additional Bitcoin in April. The company’s digital asset impairment loss increased tenfold from the first quarter of 2023 to $191.6 million in the quarter,
