Rep. Maxine Waters, the top Democrat on the Financial Services Committee, looks forward to reaching a consensus with Chairman Patrick McHenry regarding the regulation of stablecoins. This expectation aligns with the introduction of bipartisan legislation by Senators Cynthia Lummis and Kirsten Gillibrand, aimed at regulating stablecoins. This action highlights the growing sense of urgency in … Read more
The US market for Bitcoin exchange-traded funds (ETFs) is seeing renewed interest as Hong Kong prepares to debut its own spot Bitcoin ETFs on April 30. On April 24, these Bitcoin ETFs experienced net redemptions of $120 million and recorded their highest trading volume in a month. Bitcoin ETF Volume Nears $4 Billion Based on … Read more
The series of daily increases in investments for BlackRock’s Bitcoin ETF has unexpectedly come to an end after a run of 71 consecutive days. On Wednesdays, IBIT experienced no new investments coming in, but there were significant withdrawals totaling $120 million. Grayscale’s GBTC continues to see massive outflows, bleeding more than $130 million yesterday. The … Read more
Shiba Inu, one of the most popular dog-based meme cryptocurrencies, recently unveiled the latest version of its magazine, ‘The Shib,’ spotlighting a plethora of cryptographic developments. The magazine, released today, April 24, draws vital attention to the ecosystem’s WOOF, TREAT, and Layer 3 developmental endeavors. Recently, the announcement of “The Shib” event gave investors reason … Read more
As the Shiba Inu community grows, there’s increasing excitement about its upcoming plans for 2024 and 2025. These anticipated developments have piqued the interest of investors and members alike. Recently, Lucie, the marketing head of Shiba Inu, shared insights into the project’s future direction through a post on X. Here’s an overview of some major … Read more
In the past day, the wider cryptocurrency market has experienced a wave of selling, causing Bitcoin to drop by almost 4% and top ten altcoins to decline anywhere from 4-10%. At this moment, Bitcoin’s price is decreasing by 3.67%, bringing it below $64,500 as economic indicators suggest a lackluster demand in the US economy. US … Read more
Today, the prices of the leading cryptocurrencies took a downturn once more. The Bitcoin price dipped to reach $67,000, while Ethereum slipped under the $3,200 threshold. Furthermore, notable altcoins like XRP, Solana, and Cardano suffered substantial losses as well. Major Crypto Prices Today 1. Bitcoin Price The price of Bitcoin declined by 3.98%, dropping to … Read more
The cryptocurrency sector in Asia is experiencing a resurgence, with Upbit, a South Korean exchange, joining the ranks of the top five global platforms. Data indicates that the Korean Won has supplanted the US Dollar as the preferred fiat currency for trading Bitcoin and other virtual assets. Upbit Popularity and Trading Skyrockets Upbit offers a … Read more
More recent news has surfaced about a purported memo from the Central Bank of Nigeria (CBN). This memo reportedly advised financial institutions to cease dealing with cryptocurrencies and to stop facilitating transactions for crypto exchanges. Four months ago, Nigeria removed the restriction that prohibited banks and financial institutions from maintaining accounts for virtual asset service … Read more
After the most recent Bitcoin halving, its inflation rate is now lower than that of gold, meaning Bitcoin is currently the scarcest asset on record. Bitcoin Halving Results In Inflation Rate Dropping To Just 0.83% In their recent weekly update, Glassnote, a leading on-chain analysis firm, explored how the most recent Bitcoin halving has influenced … Read more