MarketsHong Kong has launched spot Bitcoin and Ethereum exchange-traded funds (ETFs) in recent weeks, creating a new playing field for cryptocurrency investors. While this launch creates excitement in the cryptocurrency markets, the results of the first week are also followed with curiosity. Spot ETFs reached a total of $273 million in assets under management (AUM) in their first week, according to data published by the Hong Kong Stock Exchange. This amount demonstrates the success of these ETFs that invest in Bitcoin and Ethereum.
May 6, 2024MarketsCrypto scammers have struck again! $68 million worth of wBTC was stolen via address poisoning scam. It seems that converting money to Ethereum will not save the situation. Blockchain detectives are on the alert! Will the fraudster be caught?
May 6, 2024MarketsCryptocurrency markets can be exciting and unpredictable, and sometimes they can serve as time capsules. This was evident in the latest incident detected by popular cryptocurrency tracking tool Whale Alert. Whale Alert announced that a Bitcoin wallet that has been dormant for over 10 years has been reactivated. The 687 Bitcoins in this wallet are worth approximately $43.9 million at today's price.
May 6, 2024MarketsThe cryptocurrency market continues to connect with the real world through tokens, which are digital representations of traditional assets. At this point, companies like Backed Finance are playing a leading role in the field of crypto asset tokenization. Backed Finance raised a total of $9.5 million in funding in its recently completed Series A investment round. This investment is an important step for the development of tokenization technology and the implementation of innovative solutions that serve as a bridge between traditional finance and decentralized finance (DeFi).
Apr 30, 2024MarketsWith the increasing use of Bitcoin in daily purchases, the Bitcoin network recorded the highest number of confirmed payments on April 23. Three days after entering its new halving cycle on April 20, the Bitcoin network broke the network record by processing more than 1.6 million unique transactions between senders and receivers. A new player called Bitcoin Runes may lie behind this increase.
Apr 30, 2024MarketsBitcoin (BTC) appears to be nearing the end of its seven-month winning streak that has taken the markets by storm. However, this does not mean that the most valuable player in the cryptocurrency market will lose. In fact, analysts predict that Bitcoin will settle into a more dominant position in the coming period.
Apr 30, 2024MarketsTraditional energy giant Alliance Resource Partners has stepped into Bitcoin mining with an unexpected move. The company earned $30 million worth of Bitcoin by utilizing the excess energy it produced in its facilities.
Apr 30, 2024MarketsWhile the approval process for spot Bitcoin exchange-traded funds (ETFs) is still ongoing in the United States, Hong Kong markets have made a new move to revive cryptocurrency enthusiasm. The Hong Kong Stock Exchange (HKEX) launched spot Bitcoin and Ethereum ETFs on April 30, but first-day trading volumes show that it has not yet surpassed the bar achieved by the US market.
Apr 30, 2024MarketsWhile software giant MicroStrategy continued its bet in the cryptocurrency market by increasing its Bitcoin investments, it faced a target price decrease from analysts. Brokerage firm Canaccord Genuity lowered its price target for MicroStrategy stock from $1,810 to $1,590.
Apr 30, 2024MarketsMilkyWay is a protocol that offers a liquid staking solution for Celestia and is one of the firsts in this field. The protocol, which recently received investment from Binance Labs, has become a prominent name in the modular blockchain ecosystem.
Apr 30, 2024MarketsDespite today's volatile course and dramatic developments in the cryptocurrency market, there is a new animated video that is setting the agenda on fire. The video published by the founder of the Mollars project attracted the attention of both crypto enthusiasts and investors. The main subject of the video is 1 million Bitcoins in the "secret" wallet of Bitcoin founder Satoshi Nakamoto.
Apr 30, 2024MarketsCryptocurrency markets are on the decline next week as stagflation concerns rise again in the US. There are losses in Bitcoin and Ether prices. Cryptocurrency markets, which started the week with mixed signals, are trading in the red as fears of stagflation rise in the US, which is seen as the worst-case scenario for risky assets.
Apr 29, 2024MarketsWhile Bitcoin fell below $62,500 after the halving, analysts are predicting a rise that will be influenced by investment from financial institutions and past trends. Upcoming updates to Shiba Inu's Shibarium include a new user interface and a planned hard fork to optimize trading processes. Ripple's ongoing SEC lawsuit and potential $100 million settlement could impact the price of XRP. If the case is resolved in favor of Ripple, there is a possibility of an increase.
Apr 29, 2024MarketsVeteran chart analyst Peter Brandt said Bitcoin's bull market may have ended at the last record high above $73,000. Brandt noted that, based on historical data, Bitcoin has already surpassed its last price peak of around $74,000.
Apr 29, 2024MarketsBitcoin mining is a tough job. Enormous amounts of processing power are required to secure the network and create new Bitcoin blocks. This process is usually carried out through mining pools, whereby individual miners combine their efforts to increase their chances of finding blocks. But every now and then, one brave miner decides to try his luck on his own and achieves incredible success.
Apr 29, 2024MarketsThere may be a "re-acceleration" in the Bitcoin bull market, according to the latest macroeconomic forecasts by Arthur Hayes, former BitMEX cryptocurrency exchange CEO. Hayes says hopes for the Fed's interest rate cut are decreasing for the cryptocurrency market: "Forget the Fed"
Apr 26, 2024MarketsThe US Securities and Exchange Commission (SEC) sued Bitcoin mining company Geosyn Mining and its co-founders for allegedly defrauding investors of $5.6 million. According to the accusation, the company lied to investors about the number of crypto miners it operated while using customer money for personal expenses.
Apr 26, 2024MarketsMoving its more than 20 million registered users to the "Social Web", that is, Web3, MeWe takes user control and privacy to an unprecedented level.
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