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Crypto Investments Experience Unprecedented Outflows
May 8, 2024
Quick Take Recent data indicates a notable drop in investment enthusiasm among institutional investors as Bitcoin ETFs observed an outflow of $284 million last week, revealed by CoinShares. This bearish …
Read moreFTX's New Bankruptcy Plan Promises Over 100% Recovery for Creditors; Receives Mixed Reactions
May 8, 2024
The insolvent cryptocurrency exchange, FTX, has proffered a revised reorganization proposal assuring substantial returns for its creditors. According to the new plan, creditors with claims less than $50,000 could expect …
Read moreGrayscale Withdraws Proposed Ethereum Futures ETF Application
May 8, 2024
Grayscale, a leading crypto investment firm, has made a significant move by withdrawing its Ethereum Futures ETF application with the US SEC. This withdrawal, reported on May 7, could potentially …
Read moreAdvanced Learning Concept: Understanding the Role of Bitcoin ETFs in Crypto Economy
May 8, 2024
IntroductionExchange-Traded Funds (ETFs) are instrumental in the world of investment and finance. With the progression of the crypto economy, Bitcoin ETFs have emerged as significant players, offering new investment avenues …
Read moreCrypto Super PACs, Swing State Voters and Crypto-Friendly Legislators: A Connection?
May 8, 2024
According to multiple sources, a potent mix of crypto advocacy and voter preferences seems to be emerging in the US electoral scene. On one hand, Crypto Super PACs are amassing …
Read moreTrump's Potential Win Could Boost Bitcoin: Standard Chartered Report
May 7, 2024
Following analysis by one of the UK's major banks, Standard Chartered, a possible second term of Donald Trump's presidency might boost the performance of Bitcoin. The analysis noted that an …
Read moreSEC Faces Opposition on Crypto Classification As Securities
May 7, 2024
Recently, Coinbase's chief legal officer Paul Grewal took a stand against US SEC Chair Gary Gensler's claim that most cryptocurrencies qualify as securities. He argued in a social media post, …
Read moreBitcoin ETFs Register Consecutive Inflows Reaching $217M: Fidelity Stands Out
May 7, 2024
An OverviewData from market tracking platform, Farside, recorded an inflow of $217.0 million into Bitcoin ETFs (Exchange-Traded Funds) in the US on May 6. This significant observation comes hot on …
Read moreBinance CEO Richard Teng Calls for Release of Detained US Employee in Nigeria
May 7, 2024
Binance CEO Richard Teng has advocated for the release of Tigran Gambaryan, the detained executive of the crypto exchange in Nigeria. Binance head of financial crime compliance, Gambaryan, is a …
Read moreLearn Concept: Billionth Bitcoin Transaction and Revival of a Satoshi-era Wallet
May 7, 2024
Recently the Bitcoin network marked a significant milestone by successfully processing its billionth transaction, this achievement was reached nearly 15 years after the genesis block was mined. This event has …
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