The crypto market was eagerly waiting for the March Personal Consumption Expenditures (PCE) inflation data for cues on the current economic health in the U.S. Notably, according to the Bureau Of Economic Analysis, the PCE Inflation for March rose 0.3% on a monthly basis, in line with the Wall Street expectation. Meanwhile, the anticipation over […]
Bitcoin ETF Market Awaits Charles Schwab’s Late Entry
Charles Schwab is reportedly preparing to enter the spot bitcoin ETF market late. This move comes on the heels of a remarkable surge in trading volumes for U.S.-based bitcoin ETFs, which saw an aggregate of $25.36 billion traded over 11 days. Industry experts are now closely watching Schwab, anticipating its entry could bring a new […]
Runes Exploits Network’s Design Flaw: Bitcoin Core Dev Insists
Bitcoin core developer, Luke Dashjr has slammed the Runes protocol noting that it exploits design flaws within the network. In an April 26 post on X (formerly Twitter), the BTC core developer restated fears echoed by the crypto community on the Runes protocol. According to him, Runes merely exploit fundamental design flaws while Ordinals exploit […]
YieldMax Applies For Bitcoin Options Income Strategy ETF With US SEC
With the robust reception of Bitcoin ETFs in the United States, there is a growing exploration of innovative product offerings. YieldMax has submitted an application to the U.S. SEC for the introduction of an ETF named YBIT, which incorporates a Bitcoin options income strategy. The ETF is slated to be listed on the New York […]
OpenAI Backed Startup Fund Pulls $15M In New Funding
OpenAI Startup Fund, which is related but operationally a distinct offshoot of the popular Artificial Intelligence (AI) company OpenAI, has secured $15 million in a funding round. OpenAI Startup Fund Taps Funding Through SPV The filing with the United States Securities and Exchange Commission (SEC) confirmed that the funds were raised in new cash on […]
Amazon’s Streaming Platform Ads Could Affect Crypto-Paying Customers
Tech giant Amazon is all set to venture into the advertisement revenue trend. The company is expected to start rolling out ads on its Prime Video streaming service. However, the move could be tricky for those paying via crypto. Amazon to start collecting ad revenue from streaming service According to a report from Yahoo Finance, it […]
Bitcoin Wallets Rising Quickly As Active Wallets for These Crypto Drop
The world’s largest cryptocurrency Bitcoin (BTC) has come under strong price correction recently after the Bitcoin halving event last week. As of press time, Bitcoin is trading at $62,878 with a market cap of $1.238 trillion. On-chain indicators suggest that despite this price volatility, investors are flocking back to Bitcoin with new non-zero wallets rising […]
Just In: Bitcoin Miner GRIID Goes Live for Trading on NASDAQ
America-based Bitcoin miner GRIID has officially resumed trading on the Nasdaq stock marketplace. Bitcoin Miner GRIID Makes Splash on Nasdaq Before now, GRIID was recognized for running vertically integrated Bitcoin mining facilities that leverage low-cost and low-carbon energy. It was established in 2018 but began operations as a Bitcoin mining facility in 2019. The Bitcoin […]
Binance LUNC Burn: Terra Luna Classic Burn Estimates, LUNC Price to Rally?
The world’s largest crypto exchange Binance to burn Terra Luna Classic (LUNC) tokens in its 21st batch of the LUNC burn mechanism on Wednesday. Binance has continued supporting the community for Terra Luna Classic revival since 2022 via its monthly LUNC burn mechanism and hasn’t stopped it even after founder Changpeng “CZ” Zhao stepped down as […]
Bitcoin Price: How Will The FOMC Meeting Impact BTC?
The Federal Open Market Committee (FOMC) meeting has been slated to begin on Wednesday, January 31. A lot is riding on the Fed’s decision as there’s a 50-50 chance of it either introducing a rate pause or implementing a rate cut in March. The crypto market is ecstatic since there are almost negligible possibilities of […]