Bitcoin ETFs hit new record with over $3.1B in weekly inflows

The 30-day correlation between Ether and Bitcoin remains at 0.81 above zero. 258 Total views 6 Total shares Ethereum's native token Ether (ETH) is likely to hit its own record high in the short term as ETH has broken above $4,000, a crucial resistance level.Ethereum breaks $4,000, nearing new all-time highETH price rallied on Oct.…

Major crypto exchange Huobi becomes a member of the Blockchain Turkey Platform to cooperate with local players on blockchain efforts.Five months after officially entering the Turkish market, Huobi joined the Blockchain Turkey Platform as a "Platinum" member, the global crypto exchange announced on Jan. 15, according to a press release shared with Cointelegraph Turkey. Founded…

Cash is unlikely to disappear anytime soon despite declining use as a payment method and the surge of digital currencies, Germany’s largest bank says.Deutsche Bank, a German multinational investment bank that previously predicted that cryptocurrencies will replace fiat by 2030, now claims that cash “will be around for a long time” as a preferred method…

America’s largest cryptocurrency exchange, Coinbase, is shifting its focus to serve the needs of a growing interest in crypto by institutional investors. This is the narrative coming from the company after some changes in the last 10 days.Firstly, news broke last week that Coinbase had filed to close its Political Action Committee (PAC) with the…

The head of the FCA said the agency is expecting new powers for regulating crypto advertisements. 335 Total views 32 Total shares Members of Parliament (MPs) in the United Kingdom have called upon the Financial Conduct Authority (FCA) to limit the use of the word “invest” and “investment” by cryptocurrency firms for promotional purposes.According to…

Facebook is controversial, if nothing else. The world's fifth-biggest company by market cap, it's also the biggest social network by a comfortable margin. Yet, despite the fact that most of us use it, we've become increasingly suspicious of what it's been doing with our personal data. Ever since the Cambridge Analytica scandal (and probably long before), we've feared…

Coinbase gets into the DeFi space by launching a crypto price oracle. 657 Total views 15 Total shares Coinbase is trying to fix the broken DeFi industry with stable price oracles.In an April 23 announcement, Coinbase introduced the Coinbase Price Oracle — “a critically important service to the DeFi ecosystem” that will be available through…

Grayscale Investments is set to float a fund targeting blue-chip assets in the decentralized finance space. 793 Total views 3 Total shares Michael Sonnenshein, CEO of digital asset management giant Grayscale, has announced a new investment vehicle for the firm targeted at decentralized finance (DeFi) assets.Sonnenshein announced Grayscale’s planned DeFi Fund and Index during an…

Bitcoin (BTC) price had a relatively muted day as the digital asset traded between $8,700-$8,885. Currently, the price remains below the ascending channel trendline and the daily candle closed as a neutral doji, showing bulls and bears are in contention on the direction Bitcoin will take over the short-term. Crypto market weekly price chart. Source: Coin360As the…