Brian Nelson was grilled during a House Financial Services Committee hearing providing oversight of the Financial Crimes Enforcement Network (FinCEN) and the Office of Terrorism and Financial Intelligence, according to a press release from Representative Tom Emmer on Feb. 14. Treasury Undersecretary Brian Nelson had to answer for reports that Hamas received $41 million and...Read More
Since the introduction of spot Bitcoin ETFs earlier this year, GBTC has experienced substantial outflows, resulting in its AUM (Assets Under Management) decreasing to $23.7 billion as of Thursday. While Grayscale has maintained its leading position among its competitors, its market share appears to be dwindling. Receding GBTC Outflows Between January 11-21, the Grayscale Bitcoin...Read More
JPMorgan has boosted its outlook on Coinbase stock (COIN) from “underweight” to “neutral” after following a better-than-expected crypto market rally to kick off the year. In a research report shared with CryptoPotato, the bank’s analysts argued that Bitcoin has experienced “meaningful price appreciation” after the launch of Bitcoin spot ETFs last month. JPMorgan’s Revised Coinbase...Read More
In contrast to Bitcoin-tracking exchange-traded funds (ETFs), gold-tracking ETFs have witnessed significant outflows this year. On February 14, Eric Balchunas, an analyst at Bloomberg Intelligence, disclosed that gold ETFs in the top 14 rankings have experienced a combined outflow of $2.4 billion since January. Gold ETFs Experience $2.4 Billion Outflows BlackRock’s iShares Gold Trust Micro...Read More
Inflows from the new spot Bitcoin exchange-traded funds (ETFs) are the major reason BTC has experienced a significant uptick, surpassing the $50,000 level and exceeding $52,000. According to a tweet by Marc van der Chijs, Bitcoin investor and founder of several crypto firms, including miner Hut 8, ETF issuers are buying more than 10-12x the...Read More
Shiba Inu is experiencing a surge in demand as the meme coin sector witnesses a notable increase, following Bitcoin’s price leap over the $52,000 mark in recent hours. Investors are eagerly purchasing SHIB at various Fibonacci levels, expecting additional upward movement. Nonetheless, as SHIB’s price rises, there is a noticeable decrease in interest from large-scale...Read More
Bitcoin climbed by nearly 20% this week, surpassing the $1 trillion market cap for the first time since November 2021, owing to the continued inflows to the newly launched spot ETFs earlier this year. Following this milestone, BTC hit an all-time high against a few depreciating fiat currencies, including the Japanese Yen. In fact, Bitcoin...Read More
[PRESS RELEASE – Dubai, UAE, February 15th, 2024] As the gameplay-first project gears up for its upcoming alpha and token launch, Exverse hones in on refinement and community-building thanks to backing from key incubators and launchpads including KuCoin Labs, Seedify, Epic Games, and ChainGPT Exverse, a free-to-play game bringing a fresh take on AAA first-person-shooters...Read More
The cryptocurrency industry has experienced a considerable uptick since the beginning of 2024 as the broader market capitalization exceeds $2 trillion for the first time in a long while. Many analysts and industry experts are calling for even better times ahead, pinpointing that the upcoming Bitcoin halving in April has historically been a precursor to...Read More
Bitcoin ETF inflows have surged over the last four days to reach over $2.2 billion, more than the entire first four weeks of trading. Notably, the bullishness around the inflows has been viewed by market participants as a major factor driving Bitcoin’s rally, which saw its price pass the $52,000 mark. Bitcoin ETFs See Record-Breaking...Read More
By Piers Ridyard, CEO of RDX Works The 2018-19 bear market saw the development of the MetaMask wallet, Uniswap decentralized exchange, OpenSea NFT marketplace, and alternative Layer 1s such as Solana. Only with this kind of core infrastructure in place was the subsequent 2021 boom in DeFi and NFTs made possible. A similar story is...Read More
Renowned investor and entrepreneur Robert Kiyosaki has joined the conversation sparked by Andy Schectman’s crucial question: “Who is going to buy US Bonds?” While, Kiyosaki expressed his optimism about Bitcoin, foreseeing its dominance over traditional assets like gold and silver in the ETF race. Kiyosaki’s Take On Future Investment In a recent tweet, Kiyosaki talks...Read More
Starknet Foundation has announced its plans to begin distributing its native network token – STRK – on February 20th With nearly 1.3 million wallets eligible for a reward – including early users of ecosystem dapps, network contributors, and others, this token distribution method sets Starknet apart from the rest, according to Eli Ben-Sasson, the board...Read More
DeFi TVL is at its highest level in 20 months, and several blockchains and layer-2s are contributing to this upward trend. According to data from DefiLlama, Total value locked (TVL) across various protocols has just surpassed $69 billion for the first time since June 2022. This milestone marks a significant resurgence in DeFi activity across multiple...Read More
Kraken has reportedly implemented a requirement for its users in the United Kingdom to verify their self-custodial wallets. According to a few recent posts, Kraken has commenced the implementation of this verification process, citing “regulations in the UK.” Verification Measures A snippet of the email shared by Van Straten outlined the necessity of maintaining current...Read More
