Bitcoin Experiences Toughest Month Since FTX Collapse Amid Declining ETF Enthusiasm
Bitcoin has faced its most challenging month since the FTX collapse, as its price dipped amid waning excitement surrounding the anticipated approval of a Bitcoin ETF. The leading cryptocurrency has seen a notable downturn in its market performance, marking a period of heightened volatility and uncertainty. Throughout the past month, Bitcoin’s price struggled to gain […]
China AMC’s Bitcoin ETF Opens Door for Chinese RMB Investors
China Asset Management Company (AMC) is set to launch a Bitcoin Exchange-Traded Fund (ETF) that allows investors in China to gain exposure to the digital asset using the Chinese yuan (RMB). The introduction of this Bitcoin ETF marks a notable moment in the evolution of cryptocurrency investment within China. While the country has been known […]
Jack Dorsey’s Block Advances Bitcoin Mining Plans with Development of 3nm Mining Chip
Block Inc., formerly known as Square, is taking its Bitcoin mining ambitions to new heights with the development of a cutting-edge 3nm mining chip. This move reflects the company’s commitment to playing a key role in the evolution of the cryptocurrency mining landscape. Under the leadership of co-founder and CEO Jack Dorsey, Block has been […]
Bitcoin Users Spend Record $2.4 Million in Fees to Participate in Bitcoin Halving History
Bitcoin users worldwide have demonstrated their commitment to being part of a historic moment in the cryptocurrency’s timeline, spending a record-breaking $2.4 million in transaction fees. This surge in fees comes as users seek to participate in the Bitcoin halving event, a highly anticipated occurrence that takes place approximately every four years. The Bitcoin halving […]
10x Research Warns: Bitcoin Miners Poised to Offload $5 Billion Post-Halving
10x Research, a digital asset research for traders and institutions, has predicted a potential sell-off of approximately $5 billion worth of Bitcoin by miners in the aftermath of the highly anticipated halving event. The warning comes amidst heightened speculation and anticipation surrounding the impact of the halving on the cryptocurrency market. The Bitcoin halving, an […]
Coinbase Unveils New Commercial Spotlighting Bitcoin Halving
Coinbase, a leading cryptocurrency exchange platform, has launched an innovative commercial campaign centered around the highly anticipated Bitcoin halving. The advertisement, aimed at raising awareness and fostering excitement within the crypto community, showcases Coinbase’s commitment to empowering users to participate in significant moments in the cryptocurrency space. The commercial captures the essence of the Bitcoin […]
Uniswap Surpasses $2 Trillion in Lifetime Trading Volume, Emerges as Major Competitor to Centralized Exchanges
Uniswap, the decentralized exchange (DEX) protocol built on the Ethereum blockchain, has achieved a significant milestone, surpassing $2 trillion in lifetime trading volume. This remarkable feat underscores the growing prominence of decentralized finance (DeFi) platforms and their ability to rival traditional centralized exchanges (CEXes) in terms of trading activity. Since its inception, Uniswap has emerged […]
Auradine Secures $80 Million in Series B Funding Ahead of Bitcoin Halving
Auradine, a leading blockchain technology company, has successfully closed an $80 million Series B funding round. The financing comes at a pivotal moment, just ahead of the anticipated Bitcoin halving event, underscoring investor confidence in the company’s vision and capabilities. The Series B funding round was led by prominent venture capital firms, with participation from […]
Deribit to Establish Global Headquarters in Dubai Following VARA’s Conditional License Approval
Deribit, a leading cryptocurrency derivatives exchange, has announced plans to establish its global headquarters in Dubai, a strategic move propelled by the conditional license approval from the Dubai International Financial Centre’s (DIFC) regulatory authority, VARA. This decision marks a significant milestone for Deribit as it expands its footprint into the Middle East, positioning itself at […]
Bitcoin ETFs Witness Net Outflows amidst Price Drop below $67K Threshold
The landscape of spot Bitcoin exchange-traded funds (ETFs) is undergoing a tumultuous phase as net outflows persist, coinciding with a recent downturn in Bitcoin’s price, which has slipped below the critical $67,000 mark. Despite the widespread anticipation surrounding the launch of Bitcoin ETFs, recent data indicates a trend of net outflows in these investment vehicles. […]
