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Bitcoin Plummets to $41K Amidst Dwindling ETF Hype and GBTC Outflows
January 19, 2024
As the hype around the initiation of Bitcoin's first spot ETFs subsides, Bitcoin (BTC) suffered significant losses on January 18. The crypto currency touched $41,107, marking a 3.5% dip in …
Read moreTether Amplifies Its Bitcoin Portfolio, Acquiring Over 8,900 Additional BTC
January 18, 2024
The stablecoin issuer, Tether, has seen a significant amplification in its Bitcoin holding, currently constituting over 66,000 BTC, with a projected value surpassing $2.8 billion. Data reveals that Tether's BTC …
Read moredYdX Outperforms as Native Token Hits $3, Dethroning Uniswap as Leading DEX
January 18, 2024
The native token of decentralized trading platform, dYdX Chain, has surged past the $3 mark, achieving such a feat for the first time this year. This stride in trading value …
Read moreTrueUSD Struggles to Maintain $1 Peg, Points to Binance Launchpool Activities
January 18, 2024
The stablecoin TrueUSD (TUSD) has revealed that its recent departure from the $1 peg was due to community mining activities related to Binance Launchpool, leading to short-term arbitrage opportunities. Throughout …
Read moreBlackRock's Bitcoin ETF Reaches $1B Mark, Eyes Blockchain Beyond Bitcoin
January 18, 2024
BlackRock, the world's largest asset manager, has seen its Bitcoin ETF (IBIT) reach record inflows, surpassing a net of $1 billion and acquiring 25,067 Bitcoin just within four days of …
Read moreEU Sets Stricter Anti-Money Laundering Rules for Crypto Firms
January 18, 2024
The European Union has provisionally agreed on more stringent anti-money laundering (AML) regulations for cryptocurrency firms. In line with the new measures, these firms are mandated to perform due diligence …
Read moreDonald Trump Vows to Halt CBDCs if Elected
January 18, 2024
Ex-president Donald Trump has pledged to thwart the creation of a Central Bank Digital Currency (CBDC) if elected for a second term. During a speech in New Hampshire on January …
Read moreCrypto Exchange Gemini Secures Digital Asset Service Provider Registration in France
January 18, 2024
In a landmark step, cryptocurrency exchange Gemini has secured the Digital Asset Service Provider (DASP) registration in France. This registration has been sanctioned by the l’Autorité des Marchés Financiers (AMF), …
Read moreBitcoin's Potential Rally Amid USD Dominance and Top Warning Signal
January 18, 2024
The crypto market's expectations for de-dollarization may be premature as the US dollar continues to be the preferred currency for international transactions in 2023. Meanwhile, Bitcoin displays what seems to …
Read moreLearn Concept: Understanding Bitcoin Spot ETFs and Their Surge in Popularity
January 18, 2024
Spot Exchange-Traded Funds (ETFs) have gained massive traction in the crypto world, making it necessary to understand their operation and potential implications for the crypto market. Spot Bitcoin ETFs, backed …
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