In recent days, Bitcoin has experienced a tumultuous journey, with its price steadily declining, sparking concerns of a prolonged bear market. However, amidst the gloomy outlook, some analysts have spotted faint bullish whispers that suggest a potential reversal in the trend. One ray of hope comes from the Bitcoin Taker Buy Sell Ratio, a metric
Orders
The US spot Bitcoin Exchange-Traded Funds (ETFs) have been experiencing an unprecedented streak of inflows, with 17 consecutive days of net additions. The significant influx of $886.6 million on a particular Tuesday marked the second-highest single-day inflow since their inception. The following day saw another substantial inflow of $488.1 million, attributed to major financial players
In a groundbreaking partnership, Crypto.com and InterCellar have joined forces to introduce a new initiative in wine collecting: real-world asset tokenization. By leveraging blockchain technology, this collaboration aims to revolutionize the way wine collectors interact with their passion by enhancing liquidity, traceability, and accessibility in the wine trading market. The initial release of this initiative
In a recent development, SEC commissioner Hester Peirce put forward an intriguing proposal for a shared digital securities sandbox between the US and the UK on May 29. This proposal aims to expand the existing joint digital securities sandbox (DSS) of the Bank of England and the FCA to include US firms. The idea behind
OKX, a prominent cryptocurrency exchange, recently announced that it would be discontinuing its centralized cryptocurrency trading services for residents of Hong Kong effective May 31, 2024. This decision was made in compliance with regulatory requirements, with the exchange citing a “careful consideration” of its business strategy as the reason behind the move. While OKX assured
The recent arrest of Ontario’s self-proclaimed ‘Crypto King,’ Aiden Pleterski, has sent shockwaves throughout the region. Pleterski, along with his associate Colin Murphy, is facing serious charges of fraud and money laundering in connection to an alleged Ponzi scheme that defrauded victims of approximately $30 million. This case has been under investigation for over 16
The Chinese police recently uncovered a major underground banking operation that utilized the popular stablecoin Tether (USDT) for transferring funds amounting to 13.8 billion yuan ($1.9 billion). The operation was led by a criminal gang involved in the import and export business in China. The gang used USDT to run a foreign exchange payment and
The recent price action of Bitcoin has left institutional investors with a bearish sentiment, leading to a wave of massive outflows from Bitcoin investment products. Data revealed by CoinShares in a blog post indicated that Bitcoin investment funds experienced an outflow of $284 million last week. The majority of these outflows were attributed to the
The decision by B3, a Brazilian stock exchange, to include Bitcoin futures in its offerings has caused a significant stir in the cryptocurrency community. After the official opening of trades on April 17, B3 experienced an overwhelming demand for Bitcoin futures, indicating a strong interest from Brazilian investors in cryptocurrency derivatives. On the debut trading
Binance, one of the leading cryptocurrency exchanges, recently made significant updates to its platform by adding 18 new cryptocurrencies to its loan program. This move aims to cater to current market trends and enhance user experiences. The addition of meme coins like dogwifhat (WIF) and Pepe (PEPE), along with established altcoins such as Hedera (HBAR)