The dams are open: Spot Bitcoin ETFs harness $20B after 4th consecutive day of inflows

October 17, 2024
The Last Cryptocurency
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Spot Bitcoin ETFs have had four consecutive days of inflows, resulting in over $20 billion in cumulative flows since their launch in January.

Bitcoin's copycat moves leave traders with few options but to wait to monitor equities and hope for a correlation breakdown. 1484 Total views 22 Total shares Bitcoin (BTC) took a chunk out of its impulse move above $41,000 on April 14 as Wall Street opened with a whimper. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin follows…

Island of Stability: Stable Coins Keep Attracting Big-League Investors

On July 17, IBM announced its involvement in a U.S. dollar-pegged stable coin project dubbed Stronghold. While the IT titan isn’t new to the world of crypto, stable coins have been attracting more mainstream players lately, and big league investments — from the likes of Andreessen Horowitz and Peter Thiel — have started pouring in.…

Know thy customer: The future of KYC in crypto

Crypto and Know Your Customer (KYC) guidelines seem to be an unhappy marriage — pseudonymity in the digital currencies’ DNA doesn’t match the old-school centralized protocols of traditional finance, but cohabitation is inevitable for the maturing industry. The tension never really goes away, but even before recent months’ market failures for crypto, the regulators have been…

China’s first national NFT marketplace to launch next week: Report

The state-backed platform will serve as a secondary market for NFTs and digital asset copyrights. 348 Total views 12 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as an NFTAccording to a report published by local news outlet Sina News on Dec 28, China will launch its first regulated platform for nonfungible tokens (NFT)…

Crypto Merchant Bank Galaxy Digital Lost $134 Million in The First Quarter of 2018

Mike Novogratz’s crypto-focused merchant bank Galaxy Digital released its first quarter report for 2018, posting a $134 million loss as cryptocurrency markets slumped, according to Bloomberg July 26. Galaxy Digital lost $13.5 million in its trading business, with $85.5 million of unrealized loss on digital assets, $1.1 million in paper losses on investments, and $22.9…

Ethereum at the center of centralization debate as SEC lays claim

Ethereum went through a key network upgrade on Sept. 15, shifting from its proof-of-work (PoW) mining consensus to a proof-of-stake (PoS) one. The key upgrade is dubbed the Merge. The Merge was slated as a critical change for the Ethereum network that would make it more energy efficient, with later improvements to scalability and decentralization to…

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Powerledger integrates with Solana mainnet ecosystem

Powerledger’s co-founder John Bulich believes the expansion emphasizes “that sustainability is a common goal that transcends ecosystems.”

City in Sichuan reportedly orders crypto miners to shut down for investigation

Crypto miners in Ya'an City have reportedly been ordered to temporarily shut down their operations. 745 Total views 4 Total shares Chinese authorities continue to crack down on cryptocurrency mining as a city in Sichuan province has reportedly halted local Bitcoin (BTC) mining farms.Authorities in Ya’an City, a prefecture-level city in the western part of…

7th Global Blockchain Congress by Agora Group on June 21 and 22, 2021

The seventh edition of the world-renowned flagship Global Blockchain Congress by Agora Group is taking place on June 21 and 22, 2021, in Dubai. 2320 Total views 11 Total shares The seventh edition of the world-renowned flagship Global Blockchain Congress by Agora Group is taking place on June 21 and 22, 2021, in Dubai. This…

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