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Daily Crypto Update: Market shrinks as most coins witness a dip
1.8.2024
The crypto industry’s constant volatility dilemma has resurfaced as the market has started with a slump. Most cryptocurrencies lost value on Wednesday, even top guns like Ethereum and Bitcoin. The coins have lost 4.64% and 3.27% value in the past 24 hours, respectively. However, it is SOL...
Kamala Harris Engages with Crypto Industry to Counter Trump’s Promises
1.8.2024
Election campaigns in the US are heating up, with Kamala Harris likely to step up as the only Presidential candidate for Democrats. Taking things in the best way is the crypto industry. Harris reportedly is in talks with the stalwarts of the crypto industry in an attempt to ease tensions between...
OZO vs. DAOs: Governance Battle in Quantum Era
1.8.2024
Ozone Chain (OZO) follows a voting system called “Governance by Voting” when making decisions to communicate and coordinate with the network users. In this model, token holders are permitted to propose and vote on changes that should be made in the network, with their votes typically...
End of July ETF Update: BlackRock Leads with $20.02B Inflows, Grayscale Sees Significant Outflow
1.8.2024
On July 31, 2024, there were some major movements in the Bitcoin and Ethereum Exchange-Traded Funds (ETFs) landscape. While the data for inflows and outflows provide a complete picture of these digital assets, the following tables aggregated from SoSoValue and Lookonchain can also offer insights...
Bitcoin to Hit $100K? DTX Exchange Presale Blazes Past $1.2M
1.8.2024
Altcoin Sherpa’s latest prediction has sent shockwaves throughout the cryptocurrency industry. The famous analyst sees Bitcoin climbing to…
XRP Defies Market Trends; Hits 6-Month High in Wallet Holdings
31.7.2024
On July 31, the cryptocurrency market encountered turbulence, with global market valuations reportedly dropping beneath $2.5 trillion, CoinMarketCap reports. As a result, Bitcoin (BTC) and Ethereum (ETH) recorded slight declines, setting a somber tone. However, XRP took a surprising turn. According...
Trump Promotes Bitcoin Sneakers Post Nashville Conference
31.7.2024
Following his appearance at the Bitcoin 2024 conference in Nashville, Trump took to Truth Social to promote a line of “Limited Edition” Bitcoin sneakers. He also stated that he is accepting Bitcoin and any other cryptocurrency as payment. Trump Unveils Trump Sneakers During his keynote...
El Salvador Proposes Settling Trade With Russia in Crypto
31.7.2024
According to local media, El Salvador has proposed using crypto to settle trade with Russia. Alexander Ilyukhin, the first secretary of the Russian embassy in Nicaragua and head of the office in El Salvador, said the measure would simplify trade dealings, considering El Salvador recognizes Bitcoin...
Bitcoin Price Reversal Alert; Is the Bull Run Over for BTC?
31.7.2024
In anticipation of the US Fed meeting tonight, where Jerome Powell is expected to outline the timing and frequency of upcoming rate cuts, the cryptocurrency market experienced a downturn on Wednesday. Bitcoin and Ethereum were at the forefront of this retreat. At press time, Bitcoin (BTC)...
Bitcoin Fails to Break $70k in Six Tries: BTC Future Outlook
31.7.2024
After a bullish movement, Bitcoin and Ethereum are showing diverging trends amidst broader market volatility. In a recent report by QCP Broadcast, analysts shed light on the current state of these leading digital assets and their potential next moves. Bitcoin’s Struggle and Ethereum’s...
Fidelity Intl Launches Bitcoin ETP to London Stock Exchange
31.7.2024
Fidelity International has announced the listing of its physical Bitcoin exchange-traded product (ETP) on the London Stock Exchange. According to the details from the press release, this development opens the door for professional investors in the UK to gain direct exposure to Bitcoin through...
Ripple CEO Slams SEC on ‘Hypocrisy’ & Confusing Regulations
31.7.2024
Ripple has been in and out of the doghouse multiple times due to the SEC’s breakdown on crypto, but it has always come back stronger. Brad Garlinghouse, Ripple’s CEO, has highlighted the need for clear, consistent policies to enable the crypto industry’s growth and creativity, citing...
Possible $600m XRP Token Unlock in August Cause Ripple Surge
31.7.2024
Ripple is possibly one of the most adored crypto due to its long-standing battle with the SEC. XRP has a strong community and has gained 8% in the last 24 hours, beating Bitcoin’s and Ethereum’s market stability. Ripple traders foresee an end to the legal dispute between the United States...
Grayscale’s Mini Bitcoin Trust Begins Trading on NYSE Arca
31.7.2024
The mini version of Grayscale Bitcoin Trust (GBTC) launched by Grayscale Investment was listed on NYSE Arca on Wednesday. The U.S. Securities and Exchange Commission (SEC) gave the product the go-ahead last week, and it hit the market at 4 a.m. ET on Friday. This new product provides investors with...
ZKX Protocol Shutdown Sparks Rug Pull Accusations
31.7.2024
The sudden shutdown of ZKX Protocol, a social derivatives trading platform on Starknet, has ignited accusations of a potential rug pull within the DeFi community. The announcement, made on July 30, cited financial non-viability, minimal user engagement, and declining trading volumes as the primary...
UK Law Commission Proposes Crypto as Personal Property
31.7.2024
The Law Commission of England and Wales has proposed a regulation to establish a new category of personal property for cryptocurrencies. If implemented, this initiative would provide a clear legal framework for assets like cryptocurrencies and NFTs. Crypto and NFTs Might Attract Property Rights...
Daily Crypto Update: Bitcoin and Ethereum stabilize while XRP rejoices
31.7.2024
After a whirlpool of fluctuations, it appears that the crypto market has found some stability. The top 10 cryptocurrencies have demonstrated that the industry has been relatively stable over the last 24 hours. The majority of the top cryptos ended the day in the same window as they started....
BlackRock’s Ethereum ETF, ETHA, enters the top 15 ETFs
31.7.2024
BlakcRock’s Ethereum ETF, ETHA, now features in the list of top 15 ETFs among more than 330 ETFs launched. Interestingly, it took ETHA only one week to achieve this feat, which stems from inflows that BlackRock has banked within 7 days. Nate Gaerci, the President of The ETF Store, first reported...
$XRP is trading as though an ETF announcement is imminent
31.7.2024
The approval of Spot Bitcoin ETF and Spot Ether ETF has paved the way for other crypto ETFs to make their way to the market. Analysts have often said that it is now not a matter of if, but a matter of when. This implies that the trading floor will eventually welcome more crypto ETFs. …
Viral Hamster Kombat Unveils New Whitepaper & Crypto Airdrop
30.7.2024
Telegram-based mobile game Hamster Kombat released its updated whitepaper, in which the developers made some crucial announcements. These included the token allocation for the game airdrop. Hamster Kombat Token Crypto Airdrop Comes to Life Discussing tokenomics, the whitepaper noted that...