Why isn’t the BTC price moving despite billions in ETF inflows?

In his speech on Aug. 27, U.S. Federal Reserve chairman Jerome Powell said that the central bank will allow inflation to stay above its 2% target level if the figure has been languishing below that level for a long time. Some analysts believe that this could mean no rate hikes for at least five years.  In…

Dragonfly Capital general partner Tom Schmidt urged crypto projects to consider whether they need venture capital funding. 

The new head of digital assets at Citi’s institutional branch will focus on pursuing connections and investments with clients, startups, and regulators. 983 Total views 36 Total shares American multinational investment bank Citi announced it had appointed Puneet Singhvi to lead the digital assets division of its Institutional Clients Group (ICG) starting on Dec. 1.In…

The annual supply rate of Ether (ETH) slipped below zero for the first time since Ethereum’s transition to proof-of-stake via the Merge in September. The reason? A spike in on-chain activity amid a massive cryptocurrency market crash. Ether turns deflationary for realAs of Nov. 9, more Ether tokens are being burned than created as a part of…

Ether (ETH), the native cryptocurrency of Ethereum, has failed to break out once more against Bitcoin (BTC) with BTC/USD rallying by more than 8% on March 18.There are two likely reasons why the ETH/BTC pair is failing to break through an important resistance level.First, BTC rallied strongly in a short squeeze after the majority of the…

Unicas is planning to open 50 banks in India by the end of the year, but a proposed bill banning crypto could complicate matters. 1086 Total views 4 Total shares India’s Unicas crypto bank opened its third physical branch last week in New Delhi. Previous locations were launched in Jamnagar and Jaipur.Unicas reportedly allows customers…

The Universal Protocol Alliance (UPA) officially announced that the Universal Dollar (UPUSD), the Universal Euro (UPEUR), and the Universal Protocol Token (UPT) have been listed on Bittrex Global, offering a lower fee structure for UPT holders.The Alliance stated that the UPUSD and the UPEUR stablecoins are collateralized 1:1 with their respective fiat currencies, while UPT…

Brazilian asset manager QR Asset Management started trading its Bitcoin exchange-traded product on B3. 410 Total views 3 Total shares The Brazil Stock Exchange, or B3, has launched the trading of another Bitcoin (BTC) exchange-traded fund, marking the growing acceptance of the crypto industry in the country.Brazilian asset manager QR Asset Management started trading its…

The last two years have witnessed a hefty uptick in crypto-centric ransomware attacks. Not only are bad actors becoming more refined, but they are facilitating access to other, less sophisticated ones. According to experts, crypto crime of this nature has been especially prevalent amid the coronavirus pandemic. But how does it all connect, and what…