The US Spot Bitcoin ETFs witnessed another consecutive day of inflows in the last 24 hours. While the past week witnessed an eventful crypto market crash, Investors after a brief FUD stepped up to take advantage of the price dip. Thus, despite the increasing liquidations, investments also soared in the
Coinciding with a meteoric rise in inflation, crypto popularity in Argentina has reached new heights. According to researchers from Forbes, Argentina has been dominating the Western hemisphere in crypto adoption with an annual inflation rate of 276%. According to a Forbes report from July 8, experts found that among Western
The US Senate Committee on Armed Services has directed the Department of Defense to explore blockchain technology for enhancing national security, particularly in supply chain management. This move comes as part of the fiscal year 2025 National Defense Authorization Act (NDAA), highlighting blockchain’s potential to support data integrity and combat
The potent bulls struggle to hold their ground as bears dominate the crypto market currently. Bitcoin (BTC) witnessed a minor spike of 1%, struggling to move higher. BTC price has fluctuated within the $53,000–$70,000 range, as the asset has faced multiple resistance-support levels over the past month. Amidst the ongoing
Amid a faltering cryptocurrency market, spot Bitcoin exchange-traded funds (ETFs) based in the US had their largest day of net inflows in over a month. Net inflows for the 11 ETFs totaled $295 million as of July 8. The net inflows across all funds have been positive for the first
The cryptocurrency market has been grappling with bearish sentiment since late June, pushing Bitcoin to a five-month low below $54,000 and Ethereum to a two-month low under $2,820 last week. The global market cap dipped below $2 trillion, and many altcoins hit yearly lows with significant double-digit declines. In the
Bitfarms, a Bitcoin mining firm based in Canada, has named Ben Gagnon as its new chief executive officer (CEO) amidst ongoing rivalry with Riot Platforms, Ltd. Given Bitfarms’ present struggle for power with Riot Platforms, this leadership transition is very crucial. Starting today, Ben Gagnon, who had previously been Bitfarms’
In the last week, digital asset investment products saw inflows of $441 million, according to a new report from CoinShares. The report from July 8th also mentioned a $398 million influx into Bitcoin investment products. Investors’ purchasing sprees were likely caused by the lower Bitcoin prices, activity from Mt. Gox,
Publicly traded companies in Japan are steadily increasing their Bitcoin holdings each week. Metaplanet bought 42.47 Bitcoins worth approx 2.42 million USD, to take advantage of the current Bitcoin price drop. Coincidentally, the purchase of Bitcoin occurred earlier today, just as its price plummeted below $54,500. At the time of
Amid a challenging bearish market, Ethereum has recently approached a four-month low, dropping from $3,043.58 to $2,826.48 over the past 24 hours. However, there is a tentative recovery with a modest 2% increase noted at the time of writing. One of the most notable developments amid this volatility has been
