US spot Bitcoin ETFs see $556M inflows in biggest day since June
More than half a billion dollars flowed into spot Bitcoin ETFs in the US as the cryptocurrency topped $66,000.
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Hype is steadily building across the wider cryptocurrency community as the looming Bitcoin mining reward halving draws closer. As the world grapples with the heavy economic downturn spurred on by the ongoing global coronavirus pandemic, the value of Bitcoin has been at odds with conventional stock markets. A driving force behind this trend is the halving,…
Federal Reserve Bank reveals details of digital dollar research
The Federal Reserve Bank has been exploring digital currencies to modernize the U.S. payments sector. The President and CEO of the Federal Reserve Bank of Cleveland has revealed details of the Fed’s ongoing research into a potential digital dollar. Speaking in a keynote address on September 23, Loretta Mester emphasized that the Federal Reserve has been…
Institutional investors won’t save crypto, but they will help it grow
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Brazil’s crypto surge prompts central bank to tighten regulation
According to the central bank’s data, from January to August 2023, imports of crypto rose by 44.2% compared with the same period in 2022. 91 Total views 2 Total shares The governor of Banco Central do Brasil, Brazil’s central bank, said the bank has noted a significant surge in crypto adoption in the country and
China’s Internet Finance Association Says Blockchain Is Maturing
A recent survey by China’s National Internet Finance Association of China (NIFA) has found that blockchain technology is gaining a solid footing.On April 14, Chinese local news platform Sina reported the results of the latest blockchain survey conducted by the National Internet Finance Association of China (NIFA). The “China Blockchain Finance Application and Development Research Report”…
Is Chainlink (LINK) a Bubble? On-Chain Data and DeFi Suggest Otherwise
On July 13 Chainlink (LINK) rallied more than 34% to reach a new all-time high at $8.48. Since then the price corrected back to the $7 range but at the time of writing the altcoin is making a renewed attempt at taking out the recent all-time high.LINK has rallied 167% in 2020 and remains one…