Bitcoin ETF demand hits 6-month high while futures volumes remain ‘subdued’

In another major milestone for cryptocurrency adoption, United States bank PNC will begin using RippleNet to process international payments for its clients.Ripple made the announcement on Sept. 19, stating that PNC’s Treasury Management unit will be using its xCurrent software solution to expedite cross-border transactions for the bank’s U.S. commercial clients.According to initial reports, xCurrent…

European crypto asset manager, CoinShares, announced the launch of its new trading business, CoinShares Capital Markets, or CSCM, on May 7.The subsidiary comprises a rebranding of GABI Trading, with CoinShares now entering into the final stages of acquiring the firm. In 2019, the firm processed more than $3 billion worth of trades while it was an…

South Korea’s largest car manufacturer, Hyundai Motor Group, will use blockchain in its new tech for pairing electric vehicles (EVs) with smartphones. Sustainable mobility-focused news agency Green Car Congress reported on the development on April 22.Hyundai reportedly announced development of smartphone-EV pairing based performance adjustment technology that allows users to customize primary functions via a…

Turkish police have arrested 24 people allegedly involved in a 13 million Turkish lira ($2.47 million) hack from an unnamed crypto firm in Istanbul, local government-backed media Daily Sabah reported on Feb. 12.Following a report of an alleged hack from a crypto-related company in Istanbul, the city police’s Cybercrime Department found that that stolen money…

2022 was brutal for cryptocurrency and nonfungible token (NFT) investors. Bitcoin (BTC) hit its yearly low on Nov. 21, almost exactly a year after it reached its all-time high price of $69,044. After such a tumultuous year, how should crypto investors plan for 2023?Firstly, this space has critical risks worth considering before investing.Macroeconomic risks Investors…

The president of Peru’s central bank has indicated that the country will be joining forces with India, Singapore, and Hong Kong to develop its own central bank digital currency. 1621 Total views 21 Total shares The president of the Central Reserve Bank of Peru Julio Velarde announced that his country will be entering the global…

The Bitcoin 2022 conference in Miami set the stage for the announcement followed by a panel with athletes Serena Williams, Odell Beckham Jr. and Aaron Rodgers. 283 Total views 7 Total shares At the Bitcoin 2022 conference in Miami on Thursday, Cash App announced a new feature for U.S. customers that will allow them to…

Japanese billionaire and founder of multinational conglomerate SoftBank Group, Masayoshi Son, reportedly lost over $130 million with his bitcoin (BTC) investment, the Wall Street Journal reports on April 23.Per the report, people familiar with the matter claim that Son made the investment at the recommendation of Peter Briger, the co-chairman of asset management company Fortress…