The beginning of September was crucial for Bitcoin (BTC) which failed to flaunt notable price movements. BTC has faced difficulty maintaining a rally above the $58K mark. The recent price momentum suggests that the leading cryptocurrency might be on the verge of a brief bullish trend. The bears continue restraining
Velar, a Bitcoin trading protocol announced that it would be launching a stableswap pool on Stacks in collaboration with Hermetica, a stablecoin developer. Velar will help provide the liquidity needed to power the USDh pool that will be introduced on Stacks’ Bitcoin L2. USDh, the first synthetic dollar with yield-bearing and backed by
Bitcoin is showing mixed signals as uptober—historically a strong month for the cryptocurrency—unfolds. After reaching a one-month high of $64,817 with a bullish surge, Bitcoin has since dropped 1.05% over the last 24 hours, trading at $63,602.91. Adding to the uncertainty, trading volume is down by 15%, reflecting a market
The U.S. Securities and Exchange Commission (SEC) has once again postponed its decision on options trading for Ethereum ETFs, extending the deadline until mid-November. This decision impacts both Nasdaq ISE’s proposal for BlackRock’s iShares Ethereum Trust and NYSE American LLC’s proposal for options trading on Grayscale’s Ethereum ETF, alongside other
The youth of the Philippines are being introduced to blockchain technology, cryptocurrencies, and non-fungible tokens (NFTs) via a government organization that focuses on scientific and technological research and development. On September 20, the tech forum organized by the Philippines’ Department of Science and Technology-Advanced Science and Technology Institute (DOST-ASTI) invited
The incredible change in trading tactics of BitMEX co-founder Arthur Hayes has once again garnered attention throughout the world. According to on-chain statistics, the co-founder’s attention shifted from PENDLE to Aethir (ATH), which he acquired extensively. In addition to the coin’s 19% gain over the previous week, this strategic mover
The native token of the Celsius Network had a price spike of more than 300 percent in the month after the debut of its $2.5 billion repayment plan for over 250,000 debtors. The insolvent digital asset lender paid back around $2.53 billion to 251,000 creditors, according to a court document
The cryptocurrency market, much to the delight of the investors, turned bullish last week. Leading cryptocurrencies recovered from their downward trajectory, sustaining over the previous fortnight. Meanwhile, the crypto community also rejoiced at a pro-crypto statement from the US Democrats’ candidate, Kamala Harris. However, in the last 24 hours, Bitcoin
Bitfarms and Bitcoin miner Riot Platforms Inc. have settled their months-long dispute over Riot’s intended takeover attempt. This development comes in the lead-up to Bitfarms’ Special Meeting of Shareholders on November 6th. Both firms’ stock prices are out of the red zone and are expected to surge. Riot Platforms Inc.
Digital asset investment products experienced net inflows of $321 million for the second consecutive week, according to CoinShares. The surge was largely attributed to the U.S. Federal Reserve’s decision to cut interest rates by 50 basis points (bps), which was viewed as a dovish move by the market. Total assets
