Increased trading volume for the Grayscale Bitcoin Trust (GBTC) has been seen since the biggest asset manager in the world, BlackRock, submitted an application for a Bitcoin exchange-traded fund (ETF) last week to the U.S. SEC. Grayscale Bitcoin Trust (NASDAQ: GBTC) rose by an astounding 11.40% on Tuesday, June 20,
Iris Energy (IREN), a Bitcoin mining company listed on the NASDAQ, stated on Tuesday that it intends to increase its hash rate capacity by 63%, from 5.5 EH/s to 9.1 EH/s by the beginning of 2024. Moreover, Iris is nearing completion of phase 1 of its 600MW plant in Childress,
Joseph Tsai has been named the next Chairman of Alibaba Group, a Chinese technology corporation specializing in e-commerce, succeeding Daniel Zhang. The Taiwanese-Canadian business mogul is worth billions of dollars. And his name has been attached to a number of other cryptocurrency and digital asset-related endeavors. Blue Pool Capital, the
Over the last two months, significant Bitcoin holders have been active in the market, buying up Bitcoin at a rapid pace. Despite what may seem like a recent decline in the value of BTC, large Bitcoin holders, or “whales,” have collected almost $3.5 billion in cryptocurrency since early April. Santiment,
The House of Lords, the upper house of Parliament in the United Kingdom, has given its approval to a measure that will regulate stablecoins and cryptocurrencies and provide oversight for the marketing of cryptocurrencies. After passing the House of Commons, the Financial Services and Markets Bill (FSMB) will go through
The IMF is stepping up its support for Central Bank Digital Currencies (CBDCs) being developed by countries throughout the globe. According to Reuters, the IMF is working on a worldwide platform to improve CBDC interoperability. IMF Managing Director Kristalina Georgieva said on Monday that the platform will facilitate transactions between
There’s a new protocol on Ethereum that lets people create and trade objects. It’s clear that the name “Ethscriptions” is a nod to “Inscriptions,” a related project by Ordinals that was implemented on the Bitcoin network. Tom Lehman, the former CEO of Genius.com and co-creator of the initiative, noted an
Baby Doge Coin (BABYDOGE), a competitor to Shiba Inu, has launched its own DEX platform called BabyDogeSwap. As a result of BabyDogeSwap’s release, the memecoin community now has access to previously inaccessible services. The protocol introduced an aggregator where tokens could be traded between users. https://t.co/UAopqn3msj is live! -Users can
On June 14, the official exchange rate of the Nigerian naira against the U.S. dollar hit an all-time low of NGN634 per greenback. The devaluation of the naira by more than 30 percent occurred days after the Central Bank of Nigeria (CBN) disputed that it had lowered the exchange rate
The million-dollar class action lawsuit filed against Elon Musk for insider trading of cryptocurrency Dogecoin took a new turn today. Elon Musk’s lawyer Alex Spiro revealed that Mr. Musk does not own any Dogecoin wallets that were part of price manipulation. Earlier, a class action lawsuit was filed against the
