On Wednesday, a total of $100.9 million was poured into the eleven U.S. spot bitcoin exchange-traded funds, returning them to a net inflow position. On Monday and Tuesday, investors pulled their money out of the exchange-traded funds (ETFs), breaking a record 19-day inflow run. SosoValue data shows that on Wednesday,
U.S. Federal Reserve officials have decided to maintain the current range of 5.25% to 5.50% for the benchmark federal funds rate. This decision and the updated predictions that follow it indicate that there will be very little rate decreases in the near future. Inflation has fallen somewhat, but Federal Reserve
Crypto service providers in Zimbabwe and across the world are being sought out by the Zimbabwean government as they work on cryptocurrency sector regulations. A Zimbabwean government committee has been formed to collect data from cryptocurrency companies providing services in the country with comments due by June 26, according to
Following a surprising dip in US inflation numbers, the crypto market rebounded. As the Consumer Price Index (CPI) for May revealed inflation cooling quicker than anticipated, Bitcoin surged over 5%. CPI remained steady month-on-month and came in at 3.3% year-on-year, both of which were 0.1% lower than expected. U.S. Bureau
The goal of Merlin Chain, a Layer 2 blockchain built for Bitcoin, is to provide holders of the most valuable cryptocurrency in the world with long-awaited yield potential. With the help of the network’s suite of cutting-edge decentralized finance (DeFi) integrations and Proof-of-Stake (PoS) consensus mechanism, bitcoiners will be able to
Today, Bitcoin (BTC) surged by 4%, propelling its price from $67,700 to $69,506, following the release of the U.S. Consumer Price Index (CPI) data, which showed a lower-than-expected inflation rate of 3.3% for May. This comes amidst anticipation over the Federal Reserve’s decisions on interest rate cuts. The highly anticipated
The Bitcoin ETFs have reported two days of outflows following 19 days of inflows, indicating that the price of Bitcoin is experiencing heavy selling pressure this week. U.S. bitcoin exchange-traded funds had a net outflow of $200 million on June 11th. However, the volume of Bitcoin exchange-traded funds (ETFs) has
Former kickboxer Andrew Tate has placed a $10 million crypto bet on X, demonstrating his penchant for the spectacular once again. Tate issued a challenge to Ansem, a well-known influencer in the “Crypto Twitter” community. Andrew Tate started the tweet by challenging Ansem to a boxing bout and claiming the
As part of its continuous effort in growing a vibrant community of traders and crypto-savvy people, BitDelta is launching yet another trading competition, with an overall prize pool of $50,000. Campaign Period: June 10 – June 24, 2024 The competition is open to both existing and new users, and the
The US presidential candidate Donald Trump has turned his focus on crypto mining according to sources on Wednesday. The former US president in a recent meeting has promised to advocate mining of the leading crypto asset. He has outlined Bitcoin mining as the final source of defense against CBDC. Trump
