Shiba Inu Team Issues Warning About Fake Tokens
One of the most popular meme coins Shiba Inu (SHIB) has one of the most…
Shiba Inu Team Issues Warning About Fake Tokens
One of the most popular meme coins Shiba Inu (SHIB) has one of the most extensive communities online when it comes to cryptocurrency. Despite the size of this community, many bad actors come here for their gains. Thus, a team of SHIB is always publishing alerts to their community advising them on how best to…
U.S. Treasury Market Tokenization Projected to Hit $3 Billion by Late 2024
Tom Wan, an analyst at 21co, reports that in the next three years, the era of tokenized US Treasury is going to be incredibly large and could be worth $3 billion by 2024. Growth is expected because more people are now using decentralized finance (DeFi) projects while others are using decentralized autonomous organizations (DAOs). Moreover,…
New Investors Driving Bitcoin Decline: CryptoQuant Analysis
At Friday morning’s open the price of bitcoin fell below $54k. New investor groups, unable to handle the volatility in the market, were mostly responsible for the fall according to Caua Oliveira an analyst at CryptoQuant. Oliveira highlighted that the bankruptcy management of the Mt. Gox exchange began transferring tens of thousands of Bitcoin to…
Aptos Foundation Unveils Global Online Hackathon: CodeCollision
The Aptos Foundation has organized an online hackathon called CodeCollision, marking its beginning as a global one. With $500,000 available as the top prize money, it will address five well-rounded subjects, nominate three upgradable achievements, and engage in various events. Event Timeline and Registration Registration for CodeCollision has started on July 2 and will continue…
Bitcoin Miners’ Sales Decrease: On-Chain Data Indicates Significant Decline
After the April halving event, there was a significant decrease in earnings for Bitcoin miners, however, there was a spike in sales for Bitcoins at the start of this month. Recent on-chain data analysis reveals that such sales are declining even further. Initially, miners withdrew around 50,000 bitcoins from exchanges every day, but now these…
Michael Dell and Bitcoin: A Growing Interest?
It seems that Michael Dell, an American entrepreneur and founder of Dell Technologies, is embracing Bitcoin. Recently on social media platform X, he tweeted “Scarcity creates value” and retweeted a tweet by Michael Saylor who is known to be a pro-Bitcoin evangelist. For years, Dell has been a leading provider of computer and software technology….
Elizabeth Warren Urges Fed to Lower Interest Rates
The Federal Reserve (Fed) has received a letter from three U.S. Senators, including Elizabeth Warren, who is famously known for opposing cryptocurrencies, expressing their desire for lower interest rates. This correspondence informed them that current interest rates, prevailing for 23 years, have peaked while other nations, such as those influenced by the ECB, have already…
The Cause of Bitcoin and Altcoin Decline Revealed: A Market-Shaking Development
In the evening hours yesterday, Bitcoin had a steep decline with its price sliding to roughly $68,000. Investors were concerned because everything looked good but then this sudden decline happened. Therefore what caused it? Why is Bitcoin Falling? The reason Bitcoin’s price dropped recently was because of better-than-expected non-farm payroll data print in the USA….
Thailand Approves Bitcoin Spot ETFs
Increasing Global Acceptance of Bitcoin-Based Products Nations across the globe are beginning to approve products modeled on Bitcoin. Most recently, Thailand has come on board citing the rapid rise of crypto adaptation in the country. Thailand’s Securities and Exchange Commission (SEC) has allowed a company that wanted to operate a Bitcoin spot exchange-traded Fund (ETF)….
Fidelity’s Ethereum Spot ETF Listed on DTCC
Following the SEC’s endorsement of the 19b-4 forms, the gradual progression toward listing funds on exchanges has begun. One of the major steps is to have listings at Depository Trust and Clearing Corporation (DTCC) such as Fidelity’s Ether spot ETF alongside BlackRock, VanEck, and Franklin Templeton products. Fidelity’s Significant Listing Fidelity which is one of…
OKX Announces Exit from Hong Kong, Reasons Remain Uncertain
After Binance, the world’s second-largest exchange, OKX has decided to stop operating in the Hong Kong market. While you can withdraw until August 31, they will stop accepting any more deposits or order placements from May 31 onwards. Although it termed quitting as a “strategic decision” the exchange gave no other information. New Regulations Prompt…
Gary Gensler Opposes Crypto Bill: Decades of Work at Risk
The discussion for cryptocurrency is getting hotter as the elections draw nearer, and SEC chairman Gary Gensler expresses his apprehension about FIT21. This new legislative document is set to be tabled before U.S. House Representatives tomorrow. Gensler heavily faults FIT21, saying that if implemented, it will sideline SEC and hurt the $100 trillion capital markets…
