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Bitcoin Spot ETFs Post $168M in Outflows While Ethereum ETFs See Meager Inflows
(Crypto News)-07/08/2024Over the past 24 hours, investors have withdrawn approximately $168 million from nine U.S. spot Bitcoin exchange-traded funds (ETFs).Over the last two days, net outflows from these ETFs have reached a staggering $405 million, according to data from Farside Investors.In contrast, spot Ethereum ETFs experienced net inflows totaling nearly $49 million during the same period.Grayscale’s […]
US government transfers 300 ETH — Arkham Intelligence
(Coin Telegraph)-07/08/2024According to Arkham Intelligence, a wallet believed to be controlled by the United States government transferred 300 Ether, valued at approximately $699,000, to a wallet address ending in “d46” on Aug. 5.The onchain analytics firm also claimed that the funds within the wallet, which now shows a balance of $0, resulted from a US […]
Crypto market crash triggered by ‘aggressive’ selling by Jump Trading: Report
(Coin Telegraph)-07/08/2024The current crypto market crash is being directly linked to selling by Jump Trading, according to QCP Group, one of Singapore’s first digital asset trading groups.The price of Ether fell over 21% in the 24 hours leading up to 11:20 am UTC to trade at $2,252, according to Cointelegraph data.The crash to an over five-month […]
Swiss central bank posts loss of $2.27 bln as franc weighs
(Reuters)-31/07/2024The Swiss National Bank (SNBN.S), opens new tab swung to a loss of 2 billion Swiss francs ($2.27 billion) in the second quarter, the central bank said on Wednesday, as the rising value of the Swiss franc reduced gains from foreign currency investments.The result compared with a first-quarter profit of 58.8 billion francs, and came despite valuation […]
US bank regulator looks to tighten control of asset managers’ bank stakes
(Reuters)-31/07/2024A U.S. bank regulator is considering a stricter framework for how large asset managers like Blackrock (BLK.N), opens new tab and Vanguard can prove they are not influencing banks where they hold large stakes.The Federal Deposit Insurance Corporation voted on Tuesday to advance a proposal for the agency to exert more influence over whether asset managers or […]
Donald Trump’s potential SEC chairman should tackle 5 issues
(Crypto News)-31/07/2024It’s time for Securities and Exchange Commission (SEC) Chair Gary Gensler to polish his resume. At a Bitcoin conference in Nashville on July 27, Republican presidential nominee Donald Trump vowed to oust crypto’s favorite supervillain in favor of a pro-industry replacement.That’s good news for Web3, but turning America into the crypto capital of the world […]
Russian Parliament to Review Crypto Bills and Mining Legislation to Legalize Crypto: Bloomberg
(Crypto News)-31/07/2024The lower house of the Russian parliament, the State Duma, is set to review a cryptocurrency bill along with separate legislation on crypto mining in its second and third readings on Tuesday.Anatoly Aksakov, head of the Duma’s financial market committee, told Bloomberg that the draft laws are expected to swiftly gain approval from senators in the […]
What’s next for UK crypto regulations after Coinbase’s $4.5M fine?
(Coin Telegraph)-31/07/2024Cryptocurrency investors are concerned about a potential regulatory crackdown in the United Kingdom after the UK-based arm of crypto exchange Coinbase was fined.Investor worries arose on July 25 after Coinbase’s UK arm was fined $4.5 million for breaching a voluntary user agreement with the Financial Conduct Authority (FCA) that would prevent it from onboarding customers considered […]
How high can BTC price go after Trump’s bullish Bitcoin speech?
(Coin Telegraph)-31/07/2024Former United States President Donald Trump went all in on Bitcoin in his latest keynote at the Bitcoin 2024 conference in Nashville, promising voters to make the United States “the crypto capital of the world.”He will do so by creating a national Bitcoin “stockpile” and, in turn, making the cryptocurrency a “permanent national asset.”Naturally, Trump’s electoral […]
Polymarket Hits $1 Billion in All-Time Trading Volume, One-Third in Last 30 Days
(Crypto News)-31/07/2024Crypto betting platform Polymarket has surpassed $1 billion in trading volume, with over one-third of the volume generated in the past 30 days alone.As of July 30, Polymarket recorded $343 million in betting volume, a sharp increase from $111 million in June and $63 million in May, according to Dune Analytics.The surge is primarily driven by […]
Grayscale transfers $1B in ETH to Coinbase ahead of Ether ETF launch
(Coin Telegraph)-24/07/2024Grayscale transferred $1 billion worth of Ether to Coinbase on July 22, signaling the asset manager’s preparation for the launch of spot Ether exchange-traded funds (ETFs) in the United States, according to blockchain data.Following the transfer, approximately 10% of the 292,000 Ether was transferred from the Coinbase hot wallet to the Grayscale Mini Trust, or wallet […]
10 years on: How Ethereum’s ICO changed the crypto landscape
(Coin Telegraph)-24/07/2024The Ethereum initial coin offering (ICO) — one of the most important events in the history of cryptocurrency — began on July 22, 2014, just a little over 10 years ago. The ICO ran for 42 days until Sept. 2 and allowed participants to buy 2,000 Ether for the price of 1 Bitcoin Cointelegraph spoke with Nick […]
How to improve crypto investment strategies using AI analytics
(Coin Telegraph)-24/07/2024DexCheck AI integrates AI and ML for comprehensive analytics to aid decision-making by providing insights into market trends, token performance and risk assessments.Over one million new tokens have been created since April 2024, making it difficult for traders to sift through the noise and make informed investment decisions. This choice overload leads to missed opportunities and […]
Is Trump right to worry that China could ‘take over’ crypto?
(Coin Telegraph)-24/07/2024It’s only recently that Donald Trump has paid any attention to crypto. But now he wants to be the “crypto president,” and he’s raising digital assets as a geopolitical issue.Asked on July 16 why he’s suddenly embracing the crypto community, he told Bloomberg:“If we don’t do it, China is going to pick it up and China’s […]
How Does the Trump Trade Affect Bitcoin Markets?
(Crypto News)-24/07/2024Donald Trump is the runaway favorite to win the U.S. elections in November after he survived an assassination attempt on July 13, according to Ethereum-based pollster Polymarket. This is a big deal for the millions of people in the United States who own Bitcoin (BTC) and other cryptocurrencies.Polymarket raised Trump’s chances of victory to 60%, against […]
African blockchain venture funding down 74% in H1 2024
(Coin Telegraph)-17/07/2024Blockchain venture funding in Africa decreased by 74% in the first half of 2024 compared to the same period in 2023. On July 16, Swiss blockchain venture capital firm CV VC released its latest report on African venture funding. Within the report, CV VC highlighted that Africa secured $34.7 million in H1 2024. Compared to 2023, when […]