Digital asset venture capital firm, Holon Global Investments, has launched three new crypto funds – Bitcoin (BTC), Ethereum (ETH), and Filecoin (FIL) in partnership with Gemini. These are Australia’s first unlisted retail funds which would provide passive exposure to the spot prices of the three crypto-assets. Moreover, the Holon Filecoin Fund happens to be the...Read More
Senator Sherrod Brown (D-OH) – Chairman of the Senate Banking Committee – has sent a letter to the chief executives of Apple and Google demanding a response to fake crypto investing apps circulating in their respective stores. The App Problem As the announcement details, the Federal Bureau of Investigation (FBI) warned this month that fake...Read More
U.S. Treasury yields edged up Monday as markets focus on inflation woes and recession risk. All eyes are on a two-day Federal Reserve policy meeting that concluded this Wednesday, and the central authority hiked the interest rates by 75 basis points, as many expected. A slew of tech earnings reports this week and the latest...Read More
Bitcoin and Ethereum are pumping after the U.S. Bureau of Economic Analysis released its official GDP data for Q2 2022. The data shows that real GDP decreased by 0.9% year over year, marking the nation’s second consecutive quarter of negative GDP growth. Bitcoin traded for about $22,700 prior to the bureau’s release at 08:30 EST....Read More
The cryptocurrency market has picked up pace alongside the Federal Reserve interest rate hike of 0.75% and the release of the US GDP report that stands at -0.9% for the second quarter. The world’s first cryptocurrency, Bitcoin Price has surged by 11% trading at $23,926 and Ethereum, the second largest crypto by market cap is...Read More
The US subsidiary of crypto exchange FTX expanded its range of services offering its American customers the opportunity to trade stocks and Exchange-Traded Funds (ETFs). FTX US’s President – Brett Harrison – disclosed that the offering will be available to citizens of all 50 states, including Puerto Rico and the United States Virgin Islands. Buying...Read More
The cryptocurrency market has been bearish for a couple of months. Anxiety levels are high as things are looking bleak for many coins. Some altcoins, however, have proven resilient to the failing fiat economy and bearish crypto trends. Over June 2022, the charts display positive trends, signifying fertility for investments, decent returns, and growth. With...Read More
Southeast Asian cryptocurrency exchange Zipmex submitted several moratorium applications under Section 64 of Singapore’s Insolvency, Restructuring and Dissolution Act 2018 last Friday on behalf of five of its entities, the company announced today. Zipmex Files for Moratorium Relief Moratorium relief protects debtors from legal action by creditors for a certain period. The time-out period gives...Read More
Solana-based decentralized finance yield protocol, Nirvana, is the latest victim of a flash loan attack in the cryptocurrency space. Data from blockchain security firm, PeckShield, revealed that the attacker managed to drain nearly $3.5 million worth of funds from the protocol. It all started when the entity behind the exploit used a $10 million flash...Read More
Ethereum’s daily active address has hit a new all-time high surpassing the previous peak by a whopping 50%. This massive increase comes amid the latest developments on the Merge front. According to the crypto analytic platform, IntoTheBlock, more than 1.1 million addresses made an ETH transaction on July 27th, catapulting the total number of transactions...Read More
The crash of Nigeria’s national currency (naira) reportedly pushed many residents to turn to alternative assets such as bitcoin and stablecoins to preserve their wealth. The peer-to-peer exchange LocalBitcoins marked a 258% increase in BTC purchases compared to last week’s figures. Nigerians View Crypto as a Lifeboat Nigeria’s official currency – the naira – is...Read More
[PRESS RELEASE – Please Read Disclaimer] The conference’s Singapore debut is expected to be its largest and the first major in-person crypto conference in the region SINGAPORE – TOKEN2049, Asia’s premier crypto conference, has announced a new batch of title sponsors and speakers for its upcoming Singapore edition which will be running from 28 to...Read More
Ethereum price sliced through the upper resistance close to $1600, raising from its lows below $1400 as the Shadow Fork goes live. Moreover, the transactions on the network spike magnificently which led to the spike. Presently, the ETH bulls appear to be a little decompressed but in fact, they seem to be preparing for the...Read More
On July 28, lead Ethereum developer Tim Beiko announced the final details before the final testing phase of the Merge. The latest proof-of-stake testnet transition will be on the Goerli testnet, the closest simulation of the Ethereum mainnet. The Goerli version of the Beacon Chain is called Prater, and it will be merged with the...Read More
This article is part of our new series of crypto research content, produced by the Bitcoin Magazine team and sponsored by BitMEX. To learn more about our wide-ranging partnership with Bitcoin Magazine, click here. Markets Rally After Federal Rate Hike On 28 July 2022, the Federal Reserve went through with another 75-bp rate hike. This...Read More
Somewhat surprisingly, the crypto market reacted quite well to the latest interest rate hike from the US Fed, with prices soaring to new weekly highs. As such, the number of liquidated traders on a daily scale is over 90,000, while the total value of liquidations is $400 million. As CryptoPotato reported yesterday, the primary cryptocurrency...Read More
On July 27, José Manuel Campa, president of the European Banking Authority (EBA), said that he was “concerned” that the EBA could not comply with the regulations ordered by the MiCA due to the lack of qualified personnel specialized in cryptocurrencies. Campa said that the demand for specialized personnel in the technology and cryptocurrency area...Read More
