Bitcoin risks 30% loss against XRP if ‘triple bottom’ confirms
XRP has significantly lagged behind Bitcoin in 2024, but a recent Mt. Gox- and German government-led sell-off in the BTC market may spark renewed interest in the altcoin.
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Spot Ethereum ETFs record longest outflow streak amid drying investments
Spot Ether ETFs in the US face significant outflows, unlike Bitcoin ETFs, which continue to attract investments.
GBTC delivered better returns than Bitcoin ETFs last week
Grayscale's flagship Bitcoin fund had no competition from the newly-launched ETF products in their first seven days, figures show. 1152 Total views 24 Total shares Bitcoin (BTC) investment vehicle the Grayscale Bitcoin Trust (GBTC) outperformed the newly-launched exchange-traded funds (ETFs) last week, data shows.Figures shared by Grayscale executives among others confirm that GBTC quietly delivered…
Yuga Labs’ Otherdeeds NFT mint triggers backlash from community
Yuga Labs faces accusations of fraud, manipulation and preferential treatment from unhappy community members over Otherdeeds NFT mint. 157 Total views 23 Total shares The aftermath of the Otherdeeds nonfungible token (NFT) mint is filled with disgruntled community members voicing their complaints on Twitter over Yuga Labs' handling of the event. The launch of Otherdeeds NFTs…
‘Hurun China Rich List 2019’ Features 12 Crypto Magnates
"Hurun China Rich List 2019” published by Hurun Report, a research, media and investments firm, features 12 local cryptocurrency magnates.The latest list was published on Oct. 10 and includes co-founders of mining giant Bitmain Micree Zhan and Jihan Wu, founder of major crypto exchange Binance Changpeng Zhao and founder of competing OKCoin — Star Xu.…
Bakkt’s Bitcoin Futures Volume Explodes 260% to Trade $11M in 24 Hours
Institutional Bitcoin (BTC) trading platform Bakkt is on course to treble its all-time high for trade volume after hitting new records last week. Bakkt Frontruns China HypeAccording to data from Twitter-based monitoring resource Bakkt Volume Bot on Oct. 26, Bakkt traded 1,183 Bitcoin futures contracts, or 1,183 BTC ($11 million) on Friday. Compared to just 331 contracts…
3 reasons Ethereum’s momentum is only accelerating as ETH nears $600
Ether price has surged above $580 in recent days, but the impending release of Ethereum 2.0 isn't the only catalyst driving the current rally. 1836 Total views 18 Total shares Alongside the high anticipation for Ethereum 2.0, the high time frame breakout and daily gas usage on Ethereum remain key positive factors.Eth2 momentum accelerates in…
Big Tech sell-off and rising Treasury yield pin Bitcoin price below $50K
Bitcoin (BTC) continues to struggle below $50,000 on March 5 as a spike in the 10-year Treasury yield to 1.62%, its highest level in over a year, has taken a toll on global financial markets and hit risk-assets especially hard. At the time of writing the S&P 500 and Dow are up 0.46% and 0.64% but…
BBVA Executive: Cryptocurrencies Are ‘Perfect,’ But Often Used for Illicit Activities
Cryptocurrencies are "perfect", but are often used for bad purposes, executive chairman of multinational Spanish banking group Banco Bilbao Vizcaya Argentaria (BBVA) Francisco Gonzalez Rodriguez stated in an interview with CNBC Friday, September 14.Gonzalez has claimed that the world is going through "an incredible digital revolution" which will eventually lead to a new world order.…