The recent outflows in Spot Bitcoin ETFs have sparked concerns among investors, as they have now recorded seven consecutive days of outflows. These outflows, averaging around $100 million daily, have led to a total of $1.2 billion being pulled out from the funds so far. The correlation between these outflows and the decline in the
The ongoing lawsuit between Ripple Labs and the US Securities and Exchange Commission has been a subject of intense speculation and debate since it began in 2020. With the trial still ongoing, the outcome remains uncertain, leaving many investors anxious about the future of XRP. The central issue at hand is whether XRP should be
FTX has been granted approval by a US bankruptcy court to proceed with a liquidation plan that involves paying customer claims in cash, as reported by Reuters. This plan overrides objections from customers who argue for higher payouts due to the increase in crypto prices since FTX’s collapse in November 2022. Customer Concerns and Objections
In the world of blockchain gaming, the collaboration between Netmarble’s Marblex and Immutable has sparked excitement and innovation. At the core of this partnership lies Immutable’s zkEVM technology, a cutting-edge layer-2 Ethereum network that aims to enhance gaming experiences with its advanced features and capabilities. This technology offers numerous benefits over traditional blockchain platforms, particularly
In a promising turn of events for the cryptocurrency market, asset managers are eagerly anticipating the launch of new spot Ethereum ETFs, pending approval from the US Securities and Exchange Commission (SEC). Bitwise Chief Investment Officer (CIO) Matt Hougan has shared his insights on the potential of these ETFs, foreseeing significant inflows into the regulated
The crypto world is a vast and complex landscape, filled with technological advancements, regulatory changes, and pivotal shifts. One individual who has been able to capture the pulse of this market is Scott Matherson. With years of experience in the industry, Scott has become a prominent crypto writer at NewsBTC, known for his ability to
Bitcoin (BTC) has been facing a persistent downtrend, with the cryptocurrency hitting new local lows of under $59,000. The recent drop below $60,000 during the mid-hours of the United States Monday trading session marked a new local low of $58,500. This decline has been fueled by ongoing outflows from the U.S. spot Bitcoin exchange-traded fund
As the once-sizzling crypto market continues to sputter, with Bitcoin at the helm of the downturn, investors are left grappling with a period of uncertainty and frosty sentiments. The recent weeks have been marked by a mass exodus from Bitcoin, with a staggering outflow of $630 million recorded just last week. This retreat has not
Anthony Scaramucci, the founder of SkyBridge Capital, has made some interesting predictions regarding the future of Bitcoin in relation to the upcoming presidential election. He believes that if Joe Biden wins a second term, Bitcoin could reach new all-time highs (ATH) ranging between $170,000 and $250,000. This prediction is based on his belief that the
Louisiana Governor Jeff Landry recently signed a bill, HB 488, that has far-reaching implications for the cryptocurrency industry. The bill prohibits the use of central bank digital currencies (CBDCs) and protects crypto mining within the state. This move ensures that individuals and businesses retain the ability to accept crypto for goods and services, as well
