The Bitcoin Open Interest has experienced a significant decrease as of late, which might be a good sign for the ongoing rally. Bitcoin Open Interest Has Cooled Down From Recent Overheated Levels A crypto market analyst noted in a CryptoQuant update that the level of Bitcoin derivative contracts open for trading on all exchanges has … Read more
The cryptocurrency Cardano has seen significant growth today, boosting its market value by approximately $1.7 billion. This uptick comes after a prolonged phase of instability and doubt in the crypto market. During the present trading session, the data from CoinMarketCap shows that Cardano’s market cap has increased from $15.8 billion to $17.5 billion. This growth … Read more
Michael Saylor, the founder and ex-CEO of MicroStrategy who currently oversees its Bitcoin investment plan, recently shared a Bitcoin-focused update on his Twitter/X account to capture the attention of the cryptocurrency community. Bitcoin community reacts to Saylor’s post Michael Saylor’s tweet contained a simple statement and a visually striking image generated by an AI app. … Read more
Recently, there’s been an unexpected rise in the value of Shiba Inu (SHIB), the cryptocurrency inspired by the breed of the same name. This jump in price, amounting to 8%, has left traders and investors taken aback. Amidst the unpredictability of the cryptocurrency market, this unexpected change represents a significant shift in attitude among SHIB … Read more
The Norwegian government’s recent laws aiming at crypto data centers, specifically cryptocurrency mining, show increasing worries about the industry’s impact on the environment and regulations. Previous studies by Arcane Research revealed that many Bitcoin mining operations are located in Norway. With a small population, Norway still contributes significantly to Bitcoin’s global computing power, as seen … Read more
In the most recent report on cryptocurrency fund flows from CoinShares, there’s been a significant change in the investment landscape for digital currencies. Among all the assets, XRP has stood out with an impressive gain. While there was a total withdrawal of $126 million from investment products for digital assets last week, XRP-focused funds have … Read more
Today, the Hong Kong Securities and Futures Commission (SFC) gave its approval for two Bitcoin and Ethereum exchange-traded funds (ETFs) to be listed for trading within the next fortnight. This news has sparked significant excitement in the cryptocurrency world, indicating a growing acceptance of crypto investment vehicles. Nevertheless, a pressing concern among investors is whether … Read more
Beginning in July, the UK will strictly enforce its new crypto and stablecoin laws, as announced by Economic Secretary Bim Afolami. In an effort to establish the UK as a leading crypto hub, the government is introducing these regulations. The implementation of these rules aligns with the global push for improved cryptocurrency regulation. UK Crypto … Read more
On Monday, the Hong Kong Securities and Futures Commission (SFC) made public its approval of several Spot Bitcoin and Ethereum Exchange-Traded Funds (ETFs), enabling their trading. This development, which had been eagerly anticipated in crypto circles, came after a significant delay. True to form, this announcement sparked a bullish market response, leading to a noticeable … Read more
Vitalik Buterin has carried out a series of transactions that have raised some eyebrows. Using the Railgun privacy protocol, Buterin transferred 100 ETH, equivalent to around $325,000, with no apparent explanation. Using Railgun, users can now enjoy enhanced privacy in the DeFi sector. This innovative technology conceals details such as token type, quantity, and transaction … Read more