Chinese tech giants join the state-backed efforts in regulating the digital collectibles by voicing support for the “self-discipline initiative” that ensures identity checks on users, adheres to the country’s ban on cryptocurrency and prevents the speculation of digital assets. Tech Giants Tiptoeing In Line With Authorities According to the statement by the China Cultural Industry...Read More
Exposure to shorting Bitcoin’s price saw record inflows of $51 million last week as the asset crumbled below $20,000, a new report showed. Shorting Dominates in the US According to the latest CoinShares’ weekly ‘Digital Asset Fund Flows’ report, a total of $64 million in inflows in the digital asset investment products was observed between...Read More
The publicly traded Bitcoin miner Core Scientific confirmed on Tuesday that it sold $167 million worth of Bitcoin in June alone. This selloff leaves the miner with just 1,959 Bitcoin remaining on its balance sheet, alongside $132 million in cash. A Closer Look at the Miner Selloff As revealed in the company’s monthly operational update,...Read More
FinTech Acquisition Corp. V (Fintech V) – a special purpose acquisition company focused on financial services – has agreed to call off its merger agreement with eToro. The social investing network said that the companies failed to satisfy certain closing conditions by June 30th, making them unable to complete the transaction. According to a press...Read More
Cardano has been steadily declining since the start of the year, dropping from a high of $1.60 in January. Although there have been a few brief improvements, the trend is still downward generally. For the past month, it has been consolidating while the other cryptocurrencies around it have fallen. Many investors are assessing Cardano, the...Read More
By Cesare Fracassi, Chief Economist, Coinbase Institute TL;DR: How should we evaluate the recent highs and lows of crypto prices? In taking a market efficiency view, crypto prices are a reflection of the market’s assessment of the future prospects of digital assets. This view can help us understand the historical trends in crypto prices and...Read More
CoinLoan – a company that offers crypto-backed loans and interest-earning accounts – said it will balance the flow of funds on its platform by reducing the account withdrawal limits. The firm assured that the amendment is temporary as each user would be able to withdraw up to $5,000 per 24-hour rolling period. CoinLoan’s Steps Amidst...Read More
June proved to be a brutal month for the cryptocurrency market. The price of the two largest assets – Bitcoin and Ethereum – posted a large decline as uncertainties surrounding the possible insolvency of crypto lending companies, including the crypto native fund, Three Arrows Capital, seeped in. The latest data suggest that macro sentiment around...Read More
For the first time in almost a year, revenues for Bitcoin (BTC) miners surpassed those of Ethereum (ETH) in June. But even then, both digital assets have shown dwindling profit margins owing to the prevailing crypto winter. According to a July 5 report by Binance, last month, Bitcoin miners generated $656.47 million. Meanwhile, Ethereum miners...Read More
[PRESS RELEASE – Paris, France, 5th July 2022] Metaverse Summit has announced its official event dates for its 2022 Paris edition as of July 16-17th. Metaverse Summit is an International Convention that celebrates the metaverse’s technology and creativity. Metaverse Summit brings together leading metaverse entrepreneurs, builders, investors, and experts to discuss and collaborate on the...Read More
[PRESS RELEASE – Berlin, Germany, 3rd July 2022] Enterprise software developer Fintech-Ideas has integrated a suite of blockchain tools to its SaaS offerings. The provision will enable businesses to utilize powerful web3 features such as tokenization, NFTs, and distributed storage. The integration of blockchain functionality into the company’s fintech and marketing platforms will deliver web3...Read More
In the wake of major Indian exchanges witnessing drastic drops in trading volume since the 30% tax on obtained revenues came into effect on April 1, the industry now encounters additional downward pressure following the introduction of another new tax that kicked in last Friday. Trading volume on large platforms has been down roughly 95%...Read More
Bitcoin (BTC) surpassed $20,000 for the first time in five days. Last week, the king coin briefly fell below $19,000 before rebounding ground during a rally on Friday. As per coincodex, BTC is currently up by more than five percent in the last 24 hours and is trading at $20,373.55. The past six months have...Read More
This year, the majority of the crypto community had hoped for the Securities and Exchange Commission to have a more lenient approach as far as Bitcoin ETFs are concerned. That came after several companies applied for the same at the beginning of the year. Among them included Valkyrie, VanEck, Grayscale, Teucrium, and Global X, among...Read More
The digital asset investment firm – CoinShares – received approval from the Autorité des Marchés Financiers (France’s top financial regulator) to acquire Napoleon Asset Management. The agreement will enable CoinShares to provide Alternative Investment Fund Manager (AIFM) services and Exchange-Traded Products (ETPs) to the European Union market. The Greenlight Has Been Granted At the end...Read More
