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European Bank BNP Paribas and BlackRock Foster Bitcoin ETF Inclusion
May 2, 2024
Investments in Bitcoin ETFs are gaining momentum as observed by the latest moves from global financial institutions. BNP Paribas, the second-largest European bank, recently bought shares of BlackRock's Bitcoin ETF, …
Read moreMoralis Bolsters Polkadot Development Tools via Moonbeam Network Support
May 2, 2024
The Web 3 platform, Moralis, announced the addition of support for Polkadot’s parachain, the Moonbeam Network within its Application Programming Interface (API) suite. This move marks a significant augmentation to …
Read moreBitcoin ETFs Record Massive $563.7 Million Outflow, Led by Fidelity and BlackRock
May 2, 2024
Overview On May 1, Bitcoin exchange-traded funds (ETFs) experienced a record outflow of $563.7 million, marking the poorest single-day performance since their inception. This sharp capital withdrawal aligns with Bitcoin's …
Read moreWeb3 Blogging Platform Mirror Pivots to Social Media with Farcaster-Based App Kiosk
May 2, 2024
The team behind the Ethereum-based blogging protocol, Mirror, is shifting gears towards social media development. They are currently focusing on building a Farcaster-based social app named 'Kiosk'. This is made …
Read morePayPal Enhances Crypto Services via MoonPay Integration
May 2, 2024
PayPal, one of the leading online payment systems worldwide, has partnered with MoonPay, a renowned cryptocurrency platform. This strategic alliance allows PayPal users to gain seamless access to over 100 …
Read moreMicroStrategy's Decentralized Identity Solution Faces Criticism from Bitcoin Advocates
May 2, 2024
MicroStrategy's newly announced plan of introducing a decentralized identity solution known as Orange, based on the Bitcoin network, has sparked controversy among Bitcoin proponents. The aim of this initiative aligns …
Read moreLearn Concept: How FASB Adjustments Impact Crypto Asset Valuation
May 2, 2024
Understanding Crypto Asset Valuation and the role of FASB AdjustmentsThe financial accounting world’s interaction with cryptocurrencies shaped the recent impact on big technology firms such as MicroStrategy, who heavily invested …
Read moreFederal Prosecutors Investigate Block for Compliance Lapses, Implicated Bitcoin Business
May 2, 2024
Block, previously known as Square, is reportedly under investigation by federal prosecutors due to allegations of major compliance failures, including its Bitcoin business. These allegations suggest the existence of significant …
Read moreCrypto Market Reacts to Fed's Decision on Steady Interest Rates Amid Stubborn Inflation
May 1, 2024
The Federal Reserve is leaving its key interest rate untouched, remarks that illustrate continued economic strength and persistent inflation. As a result, hopes for potential interest rate cuts in 2024 …
Read moreBitcoin ETFs Experience Significant Outflows; BlackRock Leads Funding for Securitize
May 1, 2024
Overview Data from Farside indicates that Bitcoin (BTC) exchange-traded funds (ETFs) experienced an outflow of $161.6 million on April 30. Over a span of five consecutive trading days, total outflows …
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