Hong Kong regulators recently approved spot Bitcoin and Ethereum exchange-traded fund applications, but Bloomberg ETF analyst Eric Balchunas predicts that the local ETF market may not perform as well as the US due to the current lack of big players and the possibility of high fees. According to Balchunas, the Hong Kong Bitcoin and Ether...Read More
Recent movements have stirred considerable volatility and uncertainty in the cryptocurrency markets, which are enduring exceptionally rough times. Notably, Ethereum (ETH) and Shiba Inu (SHIB) have taken a substantial hit, plunging 13% and 22%, respectively, within just one week. This downturn highlights the challenges and unpredictability inherent in the digital asset landscape. However, amidst the...Read More
The Bored Ape Yacht Club (BAYC), formerly a leading Ethereum non-fungible token (NFT) market collection, has witnessed a significant decrease in its floor price. This downturn signifies a reduction exceeding 90% from its historical peak, noted approximately two and a half years ago. BAYC is nearing a sub-10 NFT floor price, a development attributed to...Read More
The neutralization of funding rates in crypto perpetual markets following the drawdown suggested that the correction was healthy and that volatility may eventually decline. With the Bitcoin halving a few days away, the amount of BTC leaving centralized exchanges has risen to levels not seen for more than 15 months. At the same time, the...Read More
Zurich, Switzerland, April 16th, 2024, Chainwire Certo is excited to announce the official launch of its highly anticipated testnet, marking a significant milestone in the development of its groundbreaking p2p lending project. Designed to revolutionize digital transactions by offering unparalleled security, transparency, and stability of funds collateralized by Real-World Assets (RWAs), Certo’s testnet is now...Read More
The upcoming Bitcoin halving event is expected to follow the pattern of “buy-the-rumor, sell-the-news,” according to the Crypto.com CEO. The exec believes that in the long term, however, the halving, which is currently slated for April 20, will positively impact Bitcoin’s price. Bitcoin Halving’s Long-Term Impact Will Be Positive In a recent Bloomberg interview, Kris...Read More
Arkham’s latest data revealed that the top five identified crypto whales with publicly known wallet addresses collectively hold approximately $3.5 billion in digital assets. A few sit on a digital treasure trove but have no way to access it. Locked Out of Crypto Fortune This list features some of the most prominent names in the...Read More
After 2020, Bitcoin is all set to face the 4th halving, wherein the rewards will be halved from 12.5 BTC to 6.25 BTC. While the broader market sentiments are bullish, considering the impact in previous times, they also need to be aware of a notable change in the market dynamics during the current halving. Therefore,...Read More
Decentralized blockchain network Internet Computer Protocol (ICP) has successfully implemented threshold-Schnorr signatures to harness the potential of Bitcoin-based decentralized finance (DeFi) and web3. According to a release seen by CryptoPotato, the new cryptographic signature scheme will enable ICP smart contracts to etch the Bitcoin token standard, Runes, and trade BRC-20 tokens. Implementing Threshold-Schnorr Signatures Threshold-Schnorr...Read More
[PRESS RELEASE – Singapore, Singapore, April 16th, 2024] In a significant move towards expanding its reach and capabilities, Saakuru Labs has successfully raised $2.4 million in an oversubscribed private funding round. This infusion of capital is earmarked for accelerating the adoption of the Saakuru Protocol, which has shown remarkable growth and traction in the GameFi...Read More
[PRESS RELEASE – Dubai, UAE, April 16th, 2024] MANTRA is announcing the launch of its new incubation program at the Dubai World Trade Center (DWTC), following an $11 million funding round led by Shorooq Partners. This program is part of MANTRA’s effort to contribute to the Real World Asset (RWA) tokenization sector, with a focus...Read More
[PRESS RELEASE – New York, USA, April 16th, 2024] Incorporating leading-edge blockchain technology, Speedy emerges as a pioneering initiative launched by The GOAT Foundation, the first meme-centric foundation on Web3. This development introduces Speedy on the Fantom blockchain, recognized for its cutting-edge capabilities and high transaction speeds. Speedy: A New Benchmark in Blockchain Performance Globally...Read More
[PRESS RELEASE – Manama, Bahrain, April 16th, 2024] By joining forces with Aleph Zero, stc Bahrain aims to leverage cutting-edge solutions to enhance privacy, security, and decentralization in the digital realm. stc Bahrain, a world-class digital enabler, has announced its partnership with Aleph Zero, a privacy-enhancing Layer 1 blockchain, as part of its Web3 Launchpad program....Read More
The bull market euphoria appears to have come to a screeching halt as the crypto market correction continues and digital assets keep dumping. On April 16, prominent market analyst “Cold Blooded Shiller” told his 269,000 followers on X that Bitcoin is “still the cloud that hangs over crypto.” BTC has retreated 15% from its March...Read More
Investor hesitancy continued as digital asset investment products witnessed a modest sum of $126 million in outflows last week. This reluctance could potentially be due to the stall in positive price trends. While trading volumes increased slightly from $17 billion to $21 billion compared to the previous week, activity in ETP/ETFs decreased relative to the...Read More
