Spot Ethereum ETFs flip positive after $34M inflow on July 30
Daily flow into Ether ETFs has turned up positive for the first time since launch day, reversing a trend of outflows that saw $547 million leave the funds over the past four days.
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With crypto mining banned in Iran, local authorities seize 7K rigs
The police chief of Tehran said authorities had raided 50 locations across the Iranian capital in the last 48 hours, discovering 3,000 illegally operating crypto miners. Iranian provincial police are continuing their crackdown on crypto miners big and small, with news surfacing that they have confiscated more than 7,000 rigs at a farm operating in…

Bitcoin faces new ‘milestone’ in 2022 as new forecast predicts BTC price ‘in the millions’
Bitcoin (BTC) "may be primed" for a quantum leap in its development thanks to inflation this year, a Bloomberg analyst has claimed.In a tweet on March 17, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, released a fresh bullish take on Bitcoin's future under current macro conditions.Gold beating Bitcoin "unlikely" this yearWell known for his…

Bitcoin Dips Below $8K Again as Top Altcoins See Mild Losses
Sunday, May 26 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) falls under the $8,000 mark again.Market visualization courtesy of Coin360Bitcoin is down less than one percent on the day, trading at $7,990 at press time, according to CoinMarketCap. Looking at its weekly…

CFTC commissioner appoints crypto-experienced CME Group director as chief counsel
During his time at the CME Group, Bruce Fekrat regulated crypto reference rates and helped in the development of financial products, including BTC and ETH derivatives. 292 Total views 6 Total shares Kristin Johnson, one of five commissioners currently serving at the United States Commodity Futures Trading Commission, or CFTC, has announced that a CME…

PwC Hong Kong purchases land plot in The Sandbox
The specific plot of land and asset price are unknown at this time, though PwC Hong Kong has divulged early intentions to enter the space. 252 Total views 3 Total shares PwC Hong Kong, an international subsidiary of the global PricewaterhouseCoopers (PwC) organization, announced Thursday its emergence in the metaverse space with the acquisition of…

Bitcoin underperforms stocks, gold for the first time since 2018
Gold and stocks have underperformed in 2022, but the year has been difficult for Bitcoin (BTC) investors, in particular.Worst year for Bitcoin since 2018Bitcoin’s price looks prepared to close 2022 down nearly 70% — its worst year since the crypto crash of 2018. Bitcoin monthly returns. Source: CoinglassBTC’s depressive performance can be explained by factors…

Iran Blockchain Association head calls for special council on crypto laws
The Blockchain Association is offering to assist with crypto regulations in the Islamic state. 708 Total views 52 Total shares According to Iran’s main blockchain organization, authorities have been remiss in their enforcement of cryptocurrency laws. The association is concerned about the government’s inactivity, offering its help to regulators that it feels are inadequately prepared…

Celsius recovery plan proposed amid community-led short-squeeze attempt
Celsius’ lead investor BnkToTheFuture and its co-founder Simon Dixon have offered to assist the network by deploying similar “financial innovation” used in 2016 to save cryptocurrency exchange Bitfinex from liquidation.I believe traditional finance will not have a timely solution for Celsius as we saw in the past with Mt. Gox that still remains unresolved 10…