Bitcoin’s price has been trapped within a range below $70,000 for quite some time now. Attempts to surpass this level have been brief and unsuccessful as the digital asset failed to maintain the upward momentum. Interestingly, new research revealed that the retail crowd is not here yet. Bitcoin Retail Crowd Not Here Yet According to […]
Crypto asset management firm Hashdex is applying to launch an ETF backed by both spot Bitcoin and spot Ethereum holdings – the two largest cryptocurrencies by market cap. The Hashdex Crypto Index US ETF Analysts discovered the product in a form 19b-4 from the Nasdaq stock exchange on Tuesday, requesting permission from the Securities and […]
Coinbase Ethereum layer-2 network Base has clinched a new record in terms of the number of daily active users on decentralized exchanges (DEX), reaching 270,000 on June 17th. Compared to the previous day, the figure jumped by approximately 9%. Uniswap Dominates Base With 85% User Share According to data compiled by Dune Analytics, with the […]
Ethereum generated the most fees among the top twenty protocols over the past 30 days with around $180 million, according to new data from Token Terminal. On June 17, the crypto analytics platform reported that Ethereum was way ahead of other blockchains, which were dominated by layer-1 chains and DeFi protocols, with only one layer-2 […]
American investment management firm VanEck is set to launch the first spot Bitcoin exchange-traded fund (ETF) on Australia’s securities trading platform this week. According to an official announcement from the asset management company, the spot Bitcoin ETF will go live on the Australian Securities Exchange (ASX) on Thursday, June 20. VanEck Unveils Australian Bitcoin ETF […]
Bitcoin faced tons of volatility on Monday, especially during the night, and dumped to a new monthly low of $64,000. The altcoins’ fluctuations were similar, with numerous massive declines, resulting in 190,000 traders getting wrecked on a daily scale. The primary digital asset had a quiet weekend which it spent at around $66,000. Monday’s start […]
BlackRock’s chief investment officer for index investments, Samara Cohen, recently implied that amidst the recent success of spot Bitcoin exchange-traded funds, financial investors still exercise some degree of caution when investing. The volatility and infancy of Bitcoin and related exchange-traded funds are the primary drivers behind this investment class’s slow adoption. Financial Advisors Are Cautious […]
Venezuelan political critics and activists have warned that President Nicolás Maduro and his government are increasingly turning to cryptocurrency transactions as a method to evade international sanctions. This follows the U.S. reinstating gold and oil sanctions recently, following Maduro’s failure to honor an agreement to ensure fair elections scheduled for July. Critics Urge for Stricter […]
While bitcoin remains in consolidation, around 10% away from its all-time high, the altcoins are crashing and wiping out most of the gains made in the March crypto market rally. Calls for altseason have diminished, and the overall crypto market and social sentiment are low. There are a few factors that contribute to this altcoin […]
In a report released earlier this week, Coinbase expressed concerns over the declining crypto talent in the US amidst the ongoing increase in general corporate interest. The largest US exchange highlighted the need for regulatory clarity around the crypto realm to keep the talent within the country. Declining Developer Talent in the US Coinbase notes […]