The newest crackdown by the US SEC involves charges against the crypto business Abra for providing consumers with unregistered digital asset services. According to a recent press statement from the US Securities and Exchange Commission, Plutus Lending LLC, also known as Abra, has been charged for providing cryptocurrency solutions without
Concerns about possible imminent interest rate reduction in September have led cryptocurrency investors to buy more crypto-related exchange-traded products (ETPs). On August 26, the cryptocurrency investment business CoinShares stated that digital asset investment products received $533 million in weekly inflows from August 18 to August 24. Inflows into exchange-traded funds
In its first four months of launch, Bitcoin Runes—a protocol for non-fungible tokens—processed 15.6 million transactions, resulting in fees of $162.4 million. In the first two months, Runes accounted for the bulk of transactions, with Dune Analytics reporting daily totals reaching 300,000. With almost a million transactions in minting, etching,
SwapKit.dev, a leader in cross-chain infrastructure, has integrated BitPay, a Bitcoin and cryptocurrency payment processor. This integration allows BitPay Wallet users to directly swap a wider range of cryptocurrencies within their wallets. The integration expands the capabilities of the BitPay Wallet, enabling users to swap a wide array of cryptocurrencies,
Bitcoin has rebounded strongly, recently reaching $65,000 after a dip to $49,000 earlier this month. Over the past week, the cryptocurrency has surged by 9%, with a notable boost on August 23 when it crossed the $61,000 mark. This rally has instilled a bullish sentiment among traders and investors. The
With the continuation of a seven-day string of positive inflows on Friday, the aggregate value of the spot bitcoin exchange-traded funds in the US hit its highest point so far in August, at around $58.4 billion. In addition, according to statistics from SoSoValue, Friday’s net influx of $252 million was
Expectations on a possible Federal Reserve rate decrease in September skyrocketed, leading to a strong gain in the cryptocurrency market last week. Ethereum was trading at $2,800 while Bitcoin was close to $65,000 over the weekend. Next up, among other important events, are the US PCE numbers, which, among other
Blockchain investment behemoth Digital Currency Group (DCG) has paid off all of its short-term debts as of June. This is according to a quarterly shareholder letter the business sent out this week. Thanks in large part to a stellar performance during the first half of the year, the firm was
The assets under management (AUM) of spot Bitcoin ETFs in Hong Kong have topped 2 billion Hong Kong dollars, or around $256 million. When compared to their American equivalents, the Bitcoin (BTC) exchange-traded funds in Hong Kong have gotten off to a slower start. Data from SoSo Value shows that
In the latest crypto market update, Bitcoin has surged past $65,000 following signals from Federal Reserve Chairman Jerome Powell that rate cuts may be on the horizon. Powell’s comments on cooling inflation and concerns about labor market weakness have fueled optimism among investors, pushing Bitcoin’s price up by over 6.79%
