Ethereum price surpassed the $3K mark showing signs of recovery in the early hours of May 17. The leading altcoin is exhibiting a consistent upward trend in the past 24 hours increasing in market price by 5.19% on May 18. At the time of writing it was trading at $3,099
The biggest stablecoin in the world, Tether (USDT), has minted yet another $1 billion worth of USDT, putting its market cap beyond $110 billion. This might be the much-needed catalyst for Bitcoin’s next climb to new all-time highs. An additional $1 billion worth of USDT was minted by Tether’s Treasury
The Hong Kong Monetary Authority announced the launch of e-CNY wallets for local users in a press release on May 17. The project advocating for Cross-Boundary payments has been in effect since 2019.The e-CNY is a pilot program of China’s experimentation with digital fiat currency payment systems in connection with
After a month-long bear market, the cryptocurrency market finally looks back on track for a promising crypto summer. The current excitement in the market was triggered by a high inflow of capital through the Bitcoin ETFs last Wednesday. As a result, Bitcoin’s market value surged above the $66,000 resistance level.
U.S. investing behemoth Vanguard’s new CEO has said that the firm would not be launching a spot Bitcoin (BTC) exchange-traded fund. An interview with Salim Ramji, the new CEO of Vanguard and a former head of BlackRock’s global ETF division, was published in Barron’s on May 15. Ramji said that
Alchemy Pay, announced its collaboration with Victory Securities on May 16. The Singaporean payment gateway, connecting cryptocurrency with fiat currencies, provides services in 173 countries. The collaboration is aimed at enabling investors to access Bitcoin and Ethereum Spot ETFs through the platform, stated Alchemy Pay’s press release. Victory Securities, the
Coinbase, a leading cryptocurrency exchange, is gearing up to introduce a specialized service aimed at Australia’s self-managed pension sector, according to insights shared by John O’Loghlen, the Managing Director for the Asia-Pacific region at Coinbase, says Bloomberg. The move comes as self-managed superannuation funds in Australia have increasingly shown interest
The price of Bitcoin has kindled optimism in the market by drawing in waves of upsurge since yesterday. The leading cryptocurrency crossed over the $61K mark, revisiting its bullish trends from late April. After sustaining around the $61K-$62K range for days, the prices climbed steadily on May 15 finding support
In a recent disclosure to the United States Securities and Exchange Commission (SEC), Millennium Management, a prominent global investment management firm, unveiled its substantial investment in spot Bitcoin Exchange Traded Funds (ETFs). According to the filing, Millennium’s Bitcoin ETF holdings make up 3% of its $64 billion fund as of
Today marks the debut of Pyth Price Feeds on Xion, the first blockchain designed specifically for consumer adoption by providing seamless user experiences for everyday consumers via crypto abstraction. Xion-based smart contract developers now have access to more than 500 real-time price feeds for both digital and conventional asset types. XION
