Ethereum an 'obvious buy' as accumulation addresses see record $883M ETH inflow

Born during the 2017 bull run, Lily Knight is an early adopter in more ways than one. 2108 Total views 8 Total shares Though Lily Knight may not yet be old enough to spell "cryptocurrency," she’s already taking people to school when it comes to Bitcoin.In a prerecorded video message — because it was past…

Decentralized finance (DeFi) is growing fast. Total value locked, a measure of money managed by DeFi protocols, has grown from $10 billion to a little more than $40 billion over the last two years after peaking at $180 billion.Total value locked in DeFi as of Nov. 2022. Source: DefiLlamaThe elephant in the room? More than…

Crypto asset manager Grayscale has filed an application with the U.S. SEC to convert its Ethereum Trust to a spot Ethereum ETF. 572 Total views 14 Total shares Following the approval of the first Ether (ETH) futures exchange-traded fund (ETF), Grayscale Investments is looking to convert its Grayscale Ethereum Trust to a spot Ether exchange-traded

A new Bitwise survey highlights a more favorable attitude toward Bitcoin and cryptocurrencies. 858 Total views 4 Total shares Cryptocurrencies like Bitcoin (BTC) are increasingly being used by financial advisers as a hedge against inflation, underscoring the dramatic shift in institutional sentiment toward digital assets. The "Bitwise/ETF Trends 2021 Benchmark Survey" reveals that 9.4% of financial advisers…

Though the resolution overturning an SEC rule on banks handling crypto passed in the House in May, the legislation required at least 288 members to override President Biden’s veto.

The Second United Arab Emirates (UAE) Government Annual Meetings concluded with the introduction of two initiatives pertaining to blockchain and artificial intelligence (AI), the Emirates News Agency reported Nov. 28.At the meeting hosted by the governmental AI and Blockchain Joint Working Group, participants addressed strategies to attract foreign investment and create necessary technological infrastructure, as…

Every bull market witnesses periodic pullbacks, where the weaker hands sell anticipating a top and the stronger hands accumulate for the long term. Data from Coinbase Pro shows two large Bitcoin (BTC) outflows this week, suggesting that institutions are likely continueing to buy the current dip.Comparing historical data, on-chain analytics resource Whalemap, recently said that…

The world’s second largest stock exchange Nasdaq has confirmed it plans to launch Bitcoin futures in the first half of 2019, U.K. daily tabloid the Express reported Monday, Dec. 3.As reported, two insider sources had already leaked the plans to Bloomberg in late November.Yesterday’s confirmation from Joseph Christinat, vice president of Nasdaq’s media team, clarified…

French electric utility company ENGIE and consulting firm Maltem Consulting Group have jointly established a blockchain development firm designed for commercial customers, according to a press release published September 7.The new project called Blockchain Studio received seed funding totalling €1.9 million (around $2.1 million). Blockchain Studio has created a software suite for commercial enterprises comprised…