News
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Singapore’s GSR markets secure MPI license amid stringent regulations
- April 4, 2024
- Posted by: [email protected]
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No CommentsSingaporean regulators have recently granted a Major Payment Institution (MPI) license to GSR Markets, a prominent crypto market maker. This achievement places GSR among the pioneering recipients of such accreditation within the cryptocurrency sector, underscoring its commitment to regulatory compliance and customer protection. The issuance of an MPI license signifies a notable endorsement from regulatory
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CrowdSwap launches the first decentralized crypto ETF
- April 3, 2024
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CrowdSwap, a pioneering force in the decentralized finance (DeFi) space, has set a new standard with the introduction of the world’s first decentralized crypto exchange-traded fund (ETF) on its decentralized exchange platform. Dubbed the Bull Run dETF, this innovative financial instrument marks a significant milestone in democratizing access to diversified crypto portfolios for investors worldwide.
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Bitfinex launches volatility futures contracts on Bitcoin and Ethereum
- April 3, 2024
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Bitfinex Derivatives, the avant-garde derivatives division of iFinex Financial Technologies Limited, is set to redefine the landscape of cryptocurrency trading with the introduction of two pioneering perpetual futures contracts focusing on volatility. These cutting-edge contracts, namely the Bitcoin Implied Volatility Index (BVIVF0:USTF0) and the Ethereum Implied Volatility Index (EVIVF0:USTF0), mark a significant leap forward in
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Crypto.com plans to launch cutting-edge app in South Korea on April 29
- April 2, 2024
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Crypto.com has targeted South Korea, a country known for its vibrant and enthusiastic cryptocurrency ecosystem, as part of a deliberate strategy to broaden its worldwide reach and enter new markets. Crypto.com plans to capitalize on the increased interest in cryptocurrencies and digital assets in South Korea by launching its app on April 29th. The decision
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Bitcoin ETFs experience outflows as Bitcoin drops below $67K threshold
- April 2, 2024
- Posted by: [email protected]
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In the fast-paced world of cryptocurrency markets, the recent performance of spot Bitcoin exchange-traded funds (ETFs) has captured widespread attention, particularly amidst market volatility and price fluctuations. The decline in Bitcoin’s price below the $67,000 threshold coincided with significant outflows from Grayscale’s Bitcoin ETF (GBTC), signaling investor caution amidst uncertain market conditions. Despite the negative
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Degen Chain sees remarkable surge of $100 million in trading volume within a day
- April 2, 2024
- Posted by: [email protected]
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Degen Chain’s meteoric rise as a layer-3 blockchain on the Base network has sent ripples through the crypto community, capturing the imagination of investors and traders alike. Within an astonishingly brief span of just four days since its inception, Degen Chain has surged to prominence, boasting transactional volumes nearing $100 million within a single 24-hour
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Tether’s purchase of bitcoin as part of reserves strategy signals market confidence
- April 2, 2024
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Tether, the company behind the popular Tether stablecoin, has significantly augmented its Bitcoin reserves through the acquisition of 8,888 bitcoins. This transaction, completed on March 31, underscores Tether’s confidence in Bitcoin’s long-term value proposition and its commitment to diversifying its asset holdings. The acquisition, valued at $618 million, has propelled Tether’s Bitcoin holdings to a
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Base Network breaks record with $1 billion in DEX trading volume
- March 31, 2024
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The Coinbase Ethereum layer-2 network, Base, has achieved an unprecedented milestone by surging past the $1 billion mark in decentralized exchange (DEX) trading volume within a single day. This remarkable achievement signals a remarkable 25% increase compared to the previous day’s trading activity, catapulting Base to the forefront of the decentralized finance (DeFi) landscape. According
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Bitcoin’s daily trading volume drops due to market dynamics and influential factors
- March 31, 2024
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As Bitcoin’s daily trading volume dwindles to $16 billion, observers note a nuanced increase to $70,098, signaling a cautious approach among investors. This scenario prompts a deeper dive into Bitcoin price prediction, highlighting the cryptocurrency’s resilience amidst evolving market dynamics. Understanding the implications of this volume decline becomes paramount in forecasting Bitcoin’s financial trajectory, particularly
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Bitcoin’s drop below $70,000 mark raises anticipation among crypto investors
- March 30, 2024
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The current state of Bitcoin, hovering around the $69,935 mark, has ignited a flurry of anticipation among market watchers, who are eagerly awaiting its next move. With indications hinting at a potential resurgence beyond the pivotal $70,000 threshold, the cryptocurrency community finds itself at a critical juncture. Amidst these fluctuations, breaching the $70,000 resistance level