On Friday, U.S. spot bitcoin exchange-traded funds experienced their 14th consecutive day of inflows, totaling around $50 million. Leading the inflows once more was Blackrock’s IBIT, while Grayscale’s GBTC saw outflows. $1.7B in Trade Volume and $50M in Inflows During Friday’s Bitcoin ETF Trading Sessions Approximately $50 million in inflows were reported during Friday’s spot…
Over the past week, non-fungible token (NFT) sales have declined again, slipping 7.03% compared to the previous week. During this period, $122.3 million in sales were recorded, with Ethereum-based NFTs taking the lead. 7-Day NFT Sales Slide 7.03% This week witnessed another seven days of subdued NFT sales, with Ethereum maintaining the lead and Bitcoin…
In recent weeks, Binance and Robinhood observed a modest influx of approximately 1,302 BTC or $88 million in bitcoin, with Robinhood acquiring the majority of these assets. Conversely, Coinbase experienced a noticeable decrease in its bitcoin reserves, witnessing an outflow of 40,406 BTC valued at $2.7 billion in the past two months. Coinbase, Binance, and…
The Singaporean crypto exchange Bybit’s affiliate Spark Fintech Limited, has abandoned its pursuit of an operating license in Hong Kong. The affiliate withdrew its virtual asset trading platform application on May 31, exactly four months after submitting it. The decision followed the Hong Kong regulator’s classification of Bybit as an unlicensed entity, accompanied by threats…
[PRESS RELEASE – Dover, Delaware/USA, June 1st, 2024] Goat Token (GOAT), developed by Miro Eden (Amr El Adany), introduces a new approach to the cryptocurrency landscape with a focus on transparency, security, and community involvement. Overview of Goat Token Goat Token, available at https://goattoken.io, operates on a secure platform designed to offer transparency and reliability. The…
Coinbase, Inc. has escalated its dispute with the Securities and Exchange Commission (SEC) by filing a reply brief in the Third Circuit Court of Appeals, arguing the necessity of clear rulemaking for the digital asset industry. The case underscores the ongoing tensions between regulators and the digital asset sector over compliance and operational standards. Coinbase…
The Brazilian State Attorney General has dismissed allegations that Johann Steynberg, the late mastermind of a South African bitcoin ponzi scheme, was granted irregular access to a computer and the internet while in prison. Acting public prosecutor Lauro Machado Nogueira recently released a report stating that evidence from prison authorities contradicted these claims. Additionally, Steynberg,…
Worldcoin, the iris-scanning biometric proof-of-personhood project, announced on Thursday the launch of its operations in Colombia. Via social media, the project reported that eye-scanning operations were already available in Bogota and Medellin, for World ID users. Currently, only ten locations with orbs (iris scanning machines) are available, six in Bogota and four in Medellin. Nonetheless,…
TLDR U.S. President Joe Biden vetoed a resolution that would have overturned the SEC’s Staff Accounting Bulletin (SAB) No. 121. SAB 121 requires institutions that custody crypto assets to record crypto holdings as liabilities on their balance sheets. The resolution to repeal SAB 121 passed both the House of Representatives and the Senate with bipartisan…
Navigating the ever-evolving cryptocurrency market to identify platforms with substantial growth potential is crucial for discerning investors. This analysis examines three noteworthy entities—Polkadot, Stacks, and BlockDAG—evaluating their technological strengths, market performances, and investment possibilities to uncover the most promising opportunities. Polkadot: Enhancing Blockchain Interconnectivity Polkadot is renowned for its advanced infrastructure that enables multiple blockchains…