News
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Spot Bitcoin ETF greenlight sparks frenzy resulting in “sell-the-news” event
- January 20, 2024
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No CommentsFollowing the approval of Spot Bitcoin exchange-traded funds (ETFs) by the United States Securities and Exchange Commission (SEC), the cryptocurrency landscape has been navigating a nuanced “sell-the-news” scenario, revealing the intricate dance between market dynamics and ongoing investor sentiments. South Korean data firm CryptoQuant has been at the forefront of analyzing the aftermath, shedding light
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U.S. spot Bitcoin ETFs hit $10 billion in trading volume within 3 days
- January 18, 2024
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The meteoric rise of spot Bitcoin exchange-traded funds (ETFs) in the United States has sent shockwaves through the financial landscape, achieving an unprecedented cumulative trading volume of nearly $10 billion within the brief span of three days since their recent launch. At the forefront of this groundbreaking surge is Grayscale’s GBTC, which has emerged as
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Ethereum Co-Founder Vitalik Buterin sparks debate on Validium’s role in layer 2 scaling solutions
- January 18, 2024
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In a recent and thought-provoking exchange, Vitalik Buterin, the co-founder of Ethereum, ignited a spirited debate regarding the classification of various layer 2 scaling solutions, specifically challenging the status of Ethereum’s validiums as authentic rollup solutions. The discussion originated from a post by Daniel Wang, the founder of Taiko, a prominent Ethereum rollup solution. Wang
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Bitcoin’s surge to $42,800 sparks interest in US crypto products and halving predictions
- January 17, 2024
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Bitcoin has recently experienced a significant upswing, reaching a trading value of $42,806 with a 0.55% increase on Tuesday. This surge has sparked heightened interest in crypto products based in the United States, particularly following the approval of spot ETFs (exchange-traded funds). The approaching Bitcoin halving event is generating a lot of excitement, with industry
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Bitget pledges $10 million to boost female leadership in Web3 through Blockchain4Her initiative
- January 17, 2024
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Bitget’s commitment to fostering gender diversity and inclusivity in the blockchain and Web3 sectors goes beyond just launching the Blockchain4Her initiative. The company recognizes the urgent need for a paradigm shift in an industry that has long been dominated by male voices and perspectives. The $10 million fund dedicated to supporting female-led startups is not
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Bitcoin’s momentum dwindles as enthusiasm for ETFs fades
- January 16, 2024
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Bitcoin experienced its most significant downward trend in approximately a month following the approval of spot Bitcoin (BTC) exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC). Despite initial enthusiasm, the leading cryptocurrency has exhibited high volatility in recent days, ultimately settling at $42,655, showing minimal change. This recent downturn marks Bitcoin’s longest
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BuyUcoin introduces zero-free transfer program amid ongoing cryptocurrency crackdown in India
- January 16, 2024
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BuyUcoin has unveiled a strategic move in response to the ongoing regulatory crackdown on offshore exchanges in India. The exchange announced a bold initiative to fully reimburse withdrawal fees for local users transferring their assets from offshore exchanges. The Financial Intelligence Unit of India (FIU-IND), a unit under the Finance Ministry, recently issued show cause
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Buy the dip sentiment rises as Bitcoin drops to $42,000
- January 16, 2024
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Bitcoin, the leading cryptocurrency, is currently experiencing a price dip, hovering around the $42,000 mark, representing a nearly 0.60% decrease on Sunday. This recent volatility in Bitcoin’s value prompts investors and enthusiasts to contemplate whether this dip signals an opportune moment to enter the market. The crypto community is abuzz with discussions fueled by a
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GameStop shuts down NFT marketplace amidst regulatory uncertainty
- January 16, 2024
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Gaming retailer GameStop has officially closed its NFT marketplace, marking its retreat from the cryptocurrency sector. The decision, communicated through a platform statement, attributes the shutdown to the “continuing regulatory uncertainty of the crypto space.” This development underscores GameStop’s gradual departure from the crypto arena, following the discontinuation of its crypto wallet in August. GameStop’s
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Bitcoin raises serious concern as it hits deepest plunge in 2024
- January 15, 2024
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In an unexpected turn of events, Bitcoin’s market price has experienced a sharp decline, plummeting to $42,825 with a substantial 7% drop on Saturday, marking its lowest point in 2024. This downward spiral coincides with increasing doubts within Bitcoin’s leadership regarding its widespread acceptance as a mainstream currency. Simultaneously, the cryptocurrency landscape is witnessing intense