Yet another regional government has disclosed an allocation to the newly launched Bitcoin ETFs, forging another step in Bitcoin’s growing adoption among not only institutions but also governments. In a Form-13F filed on Friday, the State of Michigan Retirement System revealed that it had $6.6 million allocated to Bitcoin ETF products as of June 30....Read More
Well-known cryptocurrency critic and United States Senator Elizabeth Warren is waging war on digital asset miners, especially foreign-owned facilities, for their supposed risks to environmental and national security. During a recent Senate Committee on Banking, Housing, and Urban Affairs hearing, Warren questioned the Treasury Department’s assistant secretary for investment security, the Honorable Paul Rosen, about...Read More
Steven Fulop, the mayor of Jersey City, New Jersey, has announced that the city’s pension fund will allocate a portion of its investments into Bitcoin ETFs. Fulop also expressed his long-standing belief in cryptocurrency, although he had not publicly mentioned Bitcoin or other assets before July 25. Jersey City Updates Paperwork with SEC In a...Read More
A wallet associated with the Ethereum Foundation has transferred 92,500 ETH, worth $294.9 million, after being inactive for nearly 6.6 years. According to Lookonchain, these tokens have been held at the same address since 2017. The Transfer Details On-chain data indicates that the ETH was originally received from the Ethereum Foundation on September 1, 2015....Read More
The team behind one of the famous Donald themed tokens called MAGA revealed their faces during Bitcoin conference 2024 at Nashville. This is the first time some meme coin team has shown their faces to the world. Let’s explore what this means for the MAGA token and for the investors. Hidden faces behind meme coins...Read More
Since the beginning of the month, bitcoin (BTC) flows into crypto exchanges have been on the rise. This is primarily due to creditor distributions by the rehabilitation trustee of the defunct BTC trading platform Mt. Gox. Data from blockchain analytic platform IntoTheBlock has revealed that July 25 saw the exchange BTC net flows hit a...Read More
[PRESS RELEASE – VILNIUS, Lithuania, July 26th, 2024] In a significant move this July 2024, BTCC has launched up to 50x leverage on over 300 USDT-margined trading pairs. This development follows the successful introduction of 500x leverage on major trading pairs, including BTC, ETH, XRP, SOL, and DOGE. BTCC has now decided to elevate the...Read More
Japanese crypto exchange bitFlyer announced that it has completed its acquisition of FTX Japan, making it a fully owned subsidiary. The deal, finalized on July 26, will have bitFlyer taking 100% ownership of FTX Japan’s outstanding shares. Crypto Custody Services In a Friday press release, bitFlyer detailed its plans to rebrand the newly acquired entity...Read More
[PRESS RELEASE – Grand Cayman, Cayman Islands, July 26th, 2024] Kwenta, the leading onchain perpetuals exchange on the Optimism network, has partnered with Perennial to launch a new joint product and incentive program on the Arbitrum network. This initiative, backed by a substantial 1.9 million ARB grant, aims to attract new users and liquidity providers...Read More
[PRESS RELEASE – Zug, Switzerland, July 26th, 2024] Haven1, the REKT-resistant EVM Layer 1 blockchain, is pleased to announce a new strategic partnership with Blockdaemon, the leading institutional-grade blockchain infrastructure company. Blockdaemon will become a part of Haven1’s validator committee to secure the Haven1 network. This partnership significantly bolsters the security, operational efficiency, and overall resilience,...Read More
[PRESS RELEASE – Belgrade, Serbia, July 26th, 2024] One of the most popular tap-to-play games on Telegram, Dotcoin, is launching on the Venom blockchain. Dotcoin, with over 20 million active users, finds the highly scalable Venom Network an ideal host for the game. Released earlier this year on the Telegram messaging app, Dotcoin allows players...Read More
While Indian crypto users were granted no relief from the draconian tax rules in the country’s budget for 2024-2025, a “discussion paper” outlining its policy stance on the industry could be released before September this year. The main objective behind the discussion paper is to gather inputs from relevant stakeholders on the ideas outlined in...Read More
