Crypto News

Blackrock’s Bitcoin ETF, IBIT, has gained the lead in the Bitcoin ETF competition by drawing significant institutional investment. This trend highlights the product’s growing appeal and success. A large number of fund managers are now choosing to invest in BlackRock’s ETF, indicating a rising curiosity and potential commitment from conventional financial entities towards digital assets. … Read more

During the first three months of 2024, the South Korean Won became the most frequently used currency for cryptocurrency transactions worldwide. Based on statistics from research company Kaiko, the total trade value in South Korean Won amounted to an impressive $456 billion, surpassing the $445 billion transacted in US dollars. According to Bloomberg’s report, there’s … Read more

To bring about a major change in its structure, Stacks, the Bitcoin (BTC) Layer 2 (L2) network, is planning to roll out an upgrade named Nakamoto. The launch could happen as soon as April 16. The long-awaited update, which has been in the works for years, is set to make waves in the Bitcoin L2 … Read more

At the current price of around $140, Solana is facing close scrutiny. The cost is currently hovering near its 100-day Exponential Moving Average. It’s a stalemate of sorts, with Solana making an effort to resist downward trends. On Solana, there’s currently low demand for purchases. This apathy from traders could potentially indicate a price decrease … Read more

JD.com is ramping up the use of artificial intelligence (AI) to enhance customer experience. Most recently, the company introduced an AI avatar, represented by Richard Liu Qiangdong, during two live-streaming events. This technological advancement for JD.com coincides with a global trend among large corporations adopting AI to boost their revenues. JD.com Debts Founder’s AI Avatar … Read more

Dogecoin‘s value decreased by 21% over the last week, resulting in additional losses within the past 24 hours. However, some dedicated holders have managed to make a profit. According to on-chain analysis, although Dogecoin’s price has dropped, approximately 83% of Dogecoin wallets are still showing a profit. Dogecoin Profitability Remains High The “In/Out of the … Read more

In Q1 2024, Bank of America’s earnings saw a decrease in profit despite surpassing analyst predictions, primarily due to concerns over rising interest rates. The bank brought in $25.98 billion in revenue for the quarter, exceeding the anticipated $25.46 billion. In a comparable manner, net interest income amounted to $14.19 billion, surpassing the $13.93 billion … Read more

On April 16, 2024, the Securities and Exchange Commission (SEC) in the United States was taken to court over the rollout of the Consolidated Audit Trail (CAT), a system aimed at collecting comprehensive trading data from all American exchanges. The New Civil Liberties Alliance (NCLA) has initiated a legal action, representing investors and the National … Read more

A financial expert has shared that a developing trend in the relationship between Bitcoin‘s Market Value and Realized Value, as indicated by the MVRV ratio, might signal an opportune moment for investment. Bitcoin MVRV Momentum Could Reveal Buying Opportunity For BTC According to Analyst Ali’s latest update on X, the Moving Average Value (MVRV) Momentum … Read more

The process of creating stablecoin regulations in the US may accelerate and be finalized soon, with notable figures voicing their approval. As reported by Bloomberg, Representative Sherrod Brown, known for his criticism towards cryptocurrencies, is now backing an initiative to draft new legislation on stablecoins – a move that has been under consideration for quite … Read more