Grayscale, one of the world’s largest crypto asset managers, is facing a significant challenge as its Bitcoin holdings in the Grayscale Bitcoin Trust (GBTC) have plummeted by over 60% amid increasing competition from other funds, particularly ETFs. The company converted its Bitcoin …
Bitcoin (BTC) has experienced a rollercoaster ride in the past week, with a significant drop in price causing concern among holders. Despite an initial push to $73,750.07, the cryptocurrency is now struggling to maintain its value around $60,000. This recent downturn comes …
Altcoins Suffer Heavy Losses as Bitcoin Drops Below $59k On August 28, 2024, the cryptocurrency market experienced a significant downturn as most altcoins saw double-digit drops while Bitcoin, the largest crypto asset, dropped 6% over the past day. This sharp decline in …
As the Playdoge (PLAY) ICO comes to a close, investors are eagerly anticipating the potential gains from this innovative token. However, in the ever-evolving world of cryptocurrency, savvy investors are already looking beyond Playdoge and setting their sights on Mpeppe (MPEPE), a …
The Bitcoin price has been on a rollercoaster ride in recent weeks, with investors eagerly watching for signs of a bullish breakout or a potential crash. After a sharp decline earlier this month that saw the price plunge to $49,000, the largest …
Binance, one of the leading cryptocurrency exchanges, has made a significant move in the stablecoin market by announcing the listing of MiCA-regulated Euro-backed stablecoin Eurite (EURI) on its platform. This decision comes just weeks after implementing new Markets in Crypto-Assets Regulation (MiCA) …
Crypto exchange OKX has announced that it will temporarily halt deposits and withdrawals for all tokens associated with the Flow (FLOW) network on September 4, 2024, at 11:00 UTC. This suspension is in preparation for the upcoming mainnet upgrade of the Flow …
Bitcoin Runes, a protocol for non-fungible tokens (NFTs), has made a significant impact in the cryptocurrency market since its launch in April. According to data from Dune Analytics, the protocol has generated an impressive $162.4 million in fees from over 15.6 million …
A California Judge has ruled that the Securities and Exchange Commission’s (SEC) lawsuit against the Kraken crypto exchange will proceed to trial. The federal regulator filed a lawsuit against Kraken in California last year, alleging that the crypto company failed to register …
India’s RBI Chief Urges Caution in Retail CBDC Pilot Rollout The Reserve Bank of India (RBI) has made significant progress in its digital currency pilot program, known as the Central Bank Digital Currency (CBDC), with over 5 million users already on board. …