Advertisements DYDX also has a large release of tokens scheduled but is not experiencing the same pricing pressure. Ethereum Layer 2 solution Optimism’s native token OP and Yield Guild Games’ YGG token were both in the red during the Asia afternoon trading day, as both tokens have unlocks scheduled for later this week. In theContinue reading “OP, YGG Feeling Sell-Side Pressure as Unlocks Loom”
Category Archives: Finance
Crypto Exchange Woo X Claims a First With Tokenized Treasury Bills for Retail Investors
Advertisements The Woo X RWA Earn Vaults have been built in partnership with institutional tokenization firm OpenTrade. Woo X is claiming bragging rights for being the first cryptocurrency exchange to offer retail customers exposure to tokenized U.S. Treasury bills. The yield-bearing product, unveiled on Monday, called RWA Earn Vaults (as in real-world assets) has beenContinue reading “Crypto Exchange Woo X Claims a First With Tokenized Treasury Bills for Retail Investors”
Thailand to Block Access to ‘Unauthorized’ Crypto Platforms
Advertisements The Thai SEC cited earlier decisions by nations like India and the Philippines in blocking unauthorized platforms. Authorities in Thailand have decided to block “unauthorized” crypto platforms to increase the efficiency of law enforcement in solving the problem of online crime, according to an announcement on Friday. After a meeting of the Technology CrimeContinue reading “Thailand to Block Access to ‘Unauthorized’ Crypto Platforms”
Bitcoin Miners Are Better Positioned for the Halving This Time Round: Benchmark
Advertisements Bitcoin’s rally in the past six months will help cushion crypto miners from the effects of the 50% cut in their earned rewards, the report said. Crypto miners are the group most affected by bitcoin’s (BTC) reward halving, and they are better positioned this time round due to the cryptocurrency’s gains in the pastContinue reading “Bitcoin Miners Are Better Positioned for the Halving This Time Round: Benchmark”
Bitcoin Spot ETFs Register Five-Day Withdrawals Streak Ahead of Halving
Advertisements GBTC again led the outflows, while inflows into BlackRock’s IBIT continued to slow, provision data from Farside show. The U.S.-based spot bitcoin (BTC) exchange-traded funds (ETFs) registered cumulative outflows of $4.3 million on Thursday, extending the four-day run of withdrawals ahead of the supposedly bullish mining reward halving. Since April 12, the ETFs haveContinue reading “Bitcoin Spot ETFs Register Five-Day Withdrawals Streak Ahead of Halving”
Binance Could Come Back to India by Paying $2M Fine: Report
Advertisements The exchange could return as a FIU-registered firm after paying the fine, the report added. Binance, the cryptocurrency exchange that was removed from India some months ago, is looking to re-enter India by paying a $2 million fine, the Economic Times reported on Thursday. Earlier this year, Binance and some other exchanges were removedContinue reading “Binance Could Come Back to India by Paying $2M Fine: Report”
Bitcoin Dominance Increases as Halving Nears and BTC Price Lingers Near $61K
Advertisements BTC dominance is creeping upwards as Layer-1s and Artificial Intelligence tokens had a rough week, while Google search interest in the halving skyrockets. Bitcoin (BTC) has become more dominant in the crypto market thanks to impending halving and broader market risk aversion, despite the price correction The largest cryptocurrency by market value was tradingContinue reading “Bitcoin Dominance Increases as Halving Nears and BTC Price Lingers Near $61K”
U.S. Senators Lummis, Gillibrand Take on Stablecoin Legislation With New Bill
Advertisements Senators Cynthia Lummis and Kirsten Gillibrand unveiled a new bill Wednesday, hoping to move the needle on stablecoin legislation. U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) are taking another swing at crypto-specific legislation, with a narrowly tailored bill seeking to define how stablecoins – cryptocurrencies that maintain value with some other assetContinue reading “U.S. Senators Lummis, Gillibrand Take on Stablecoin Legislation With New Bill”
Goldman Cautions Against Extrapolating Previous Bitcoin Halving Cycles for Price Predictions
Advertisements Bitcoin’s fourth mining reward halving is just two days away. Bitcoin’s fourth mining-reward halving is just two days away. The quadrennial event will reduce BTC’s per block emission to 3.125 BTC from 6.25 BTC, halving the pace of new supply. Previous halvings preceded massive multimonth rallies in BTC, and the crypto community is confidentContinue reading “Goldman Cautions Against Extrapolating Previous Bitcoin Halving Cycles for Price Predictions”
The Rise of Casino Tourism in Vietnam: What It Means for Local Economies and Cultures
Advertisements Vietnam, celebrated for its rich history, stunning landscapes, and vibrant culture, has positioned itself as a prominent figure in the global tourism sector. Over the recent years, the country has experienced a notable surge in casino tourism, attracting visitors from all corners of the globe to indulge in the excitement of gambling against theContinue reading “The Rise of Casino Tourism in Vietnam: What It Means for Local Economies and Cultures”
Bitcoin From Rare ‘Satoshi Era’ Moves After 14 Years of Dormancy
Advertisements The miner earned 50 bitcoin in April 2010 during the network’s early weeks and has held on to them for the entire time. An early crypto miner moved 50 bitcoin (BTC) today after 14 years of leaving the holdings untouched, data shows, joining the rare instances where bitcoin from the “Satoshi era” have beenContinue reading “Bitcoin From Rare ‘Satoshi Era’ Moves After 14 Years of Dormancy”
Solana Rolls Out Update to Tackle Network Congestion
Advertisements A meme coin trading frenzy and a rapid spike in users has stressed the network in recent months. Solana developers said a new software update to tackle the congestion problem on the popular blockchain is “now recommended” for general use by mainnet validators, as per an X post. “The v1.17.31 release is now recommendedContinue reading “Solana Rolls Out Update to Tackle Network Congestion”
TON Foundation Teams Up With HashKey to Drive Crypto On-Ramping in Telegram
Advertisements HashKey and the Foundation are focussing their partnership on Hong Kong in the first phase The stewards of the TON ecosystem have formed a partnership with HashKey Group, the parent company of the Hong Kong-licensed crypto exchange of the same name. One of the aims of the partnership is to increase provision for on-Continue reading “TON Foundation Teams Up With HashKey to Drive Crypto On-Ramping in Telegram”
Bitcoin Stable Near $71K as GBTC Outflows Pick Back Up
Advertisements The Thursday total ETF flow was negative, with GBTC leading the pack (BTC) is stable, trading above $70,900, as outflows from the Grayscale Bitcoin Trust (GBTC) pick up once again. Overall, $124.9 million flowed out of GBTC, according to on-chain data. In comparison, $4.6 million flowed into Fidelity’s FBTC, and $11.1 million went intoContinue reading “Bitcoin Stable Near $71K as GBTC Outflows Pick Back Up”
Ether Spot ETFs Still Have No More Than 50% Chance of Approval in May: JPMorgan
Advertisements There will probably be litigation against the SEC after May if ether ETFs aren’t approved, the report said. Recent news that the U.S. Securities and Exchange Commission (SEC) is investigating companies associated with the Ethereum Foundation is consistent with the view that there is no more than a 50% chance of spot ether (ETH)Continue reading “Ether Spot ETFs Still Have No More Than 50% Chance of Approval in May: JPMorgan”