As the Bitcoin halving event approaches, Grayscale’s spot Bitcoin ETF (GBTC) has reported substantial capital withdrawals. In the past five days alone, investors have withdrawn $89.9 million, a net outflow of $1.6 billion since January. This is indicative of growing investor sentiment in the broader market. However, despite having the first-mover advantage in the Bitcoin […]

Binance, the world’s leading crypto exchange, recently took the world of digital assets by storm as its legal eagles revealed plans to seek dismissal of a fraud suit filed by the SEC. The crypto exchange is reportedly heading to a Washington courtroom on Friday, eyeing the lawsuit dismissal, marking a monumental move against the U.S. […]

The Coinbase Exchange has once again caught the eyes of the market participants as Kathryn Haun, a prominent figure in Coinbase’s boardroom, announces her resignation. With seven years of service, Kathryn Haun’s departure triggers reactions from Coinbase CEO Brian Armstrong.  So, let’s take a look at their statements and the implications of Haun’s exit on the cryptocurrency […]

The U.S. Court of Appeals in Philadelphia has mandated the appointment of an independent examiner to scrutinize the downfall of FTX, the once-dominant cryptocurrency exchange. This decision, overturning a prior ruling, underscores the profound impact of FTX’s collapse on investors and the broader crypto industry. This decision, overturning a previous ruling, comes amid the ongoing […]

The fourth Bitcoin halving that was expected today is completed successfully, cutting miners’ rewards in half to 3.125 bitcoins from 6.25. The value of bitcoin has been fluctuating leading up to the occasion, and dropped approximately 5% this week to be valued at around $63,880. Bitcoin halving impacts supply dynamics by halving new Bitcoin creation […]

The crypto market made a turnaround on Saturday morning, with major digital assets hitting the purple patch again. Inflows into US-listed exchange-traded funds tracking Bitcoin may not have succeeded in pushing Bitcoin’s price up, but strong trading volumes signal that Bitcoin ETFs are an initial success. If you want to gauge the early performance of […]

The Nigerian government, through the Ministry of Communication, Innovation, and Digital Economy, has launched a multilingual large language model (LLM). This was announced by the Minister of Communications, Dr. Bosun Tijani at the end of the four-day AI workshop in Abuja. Collaborative Efforts Enhance Nigeria AI Development An initiative led by Nigerian AI firm Awarritech, […]

In a significant development, Huobi Token (HT) is undergoing a transformative shift as HTX, under the helm of Justin Sun, sets in motion the conversion from HT to HTX. Meanwhile, the move, outlined in a recent press release, unfolds an array of changes, including the listing of HTX DAO (HTX) and the option for HT […]

Bitcoin ETFs are expected to increase in terms of holdings by wealth management firms, according to Bitwise CEO  Hunter Horsley. The prediction comes at a time when Bitcoin ETFs are expected to gain even more traction after the halving. Horsley’s prediction also coincides with a larger market belief of rising demand for ETFs considering how […]

Crypto scams have been on a steady rise in India.  In one such incident, police in the Indian state of Odisha busted a gang of people who were involved in fake cryptocurrency transactions, according to local media reports. The scam has occurred at a time when the Indian government is trying to intensify scrutiny over […]