The past week has been a rollercoaster ride for the Spot Bitcoin ETFs, marked by dramatic shifts in investor sentiment and significant fund flows. The week kicked off with a jolt these ETFs experienced a staggering outflow of $223.8 million on Monday, setting a new record for the largest outflow in Bitcoin ETF history. Spot […]
South Korea Restricts Overseas Spot Bitcoin ETF Trading Amid Regulatory Woes
South Korea’s Financial Services Commission (FSC) issued a press release on January 12, highlighting potential violations in brokering overseas-listed Spot Bitcoin ETFs by domestic securities firms. The advisory comes as the FSC grapples with regulatory frameworks and challenges posed by virtual assets, leaving major securities companies like Mirae Asset Securities and Samsung Securities to preemptively […]
Solana Bulls Eying Uniswap-Killer DTX Exchange, Here’s Reason
Enthusiasts in the Solana (SOL) ecosystem are getting attracted to the DTX Exchange project. This is in part because it meets their expectations in that it revolutionizes user’s trading experience. DTX Exchange Offers Best of CEX and DEX Like Uniswap, DTX Exchange is a platform with decentralized features but it differs from the former in […]
Cardano Price Prediction: Exploring 208-Day Bullish Case For ADA’s Surge Beyond $1
Cardano (ADA) has recently stood out in the crypto sphere, gaining notable traction in price surge. This surge is largely attributed to the positive ripple effect from Bitcoin’s spot ETF approval. The digital asset experienced a significant uplift, breaking past the $0.61 mark. This marked a new weekly high, showcasing an impressive bullish trend with […]
MEW vs DogWifHat: Which Solana Memecoin to Invest Before Halving?
There have been notable differences in performance within the cryptocurrency market for Cat in a Dogs World (MEW) and Dogwifhat (WIF). Both tokens function on the Solana blockchain, but their unique market behavior and supply metrics differentiate them. MEW has recently shown significant increases and fluctuations, whereas WIF has displayed a more stable pattern with […]
Bitcoin ETFs Not Ideal for Investment Portfolios, Warns Goldman Sachs Executive
Goldman Sachs executive Sharmin Mossavar-Rahmani warned investors about Bitcoin ETFs not being an ideal investment portfolio on Friday. According to a report by The Wall Street Journal, Sharmin said digital currencies are still more like a roulette. The remarks come after Goldman Sachs was previously debating on entering the Bitcoin ETF space. Goldman Sachs executive […]
Norway’s Government Set To Outlaw Crypto Mining
Norway’s recent legislative actions targeting crypto data centers, particularly cryptocurrency mining, reflect a growing concern over the environmental and regulatory implications of this industry. Arcane Research’s investigation in previous times shed light on the significant presence of Bitcoin mining operations within Norway’s borders. Despite its relatively small size, Norway commands a notable share of Bitcoin’s […]
The End Of Venezuela’s Petro? Crypto Crackdown Tightens Amid Epic Scandal
The Government of Venezuela has decided to bring the curtain down on its Petro (PTR) cryptocurrency. The venture was initiated six years ago by President Nicolas Maduro to tackle the U.S. sanctions. However, the crypto is set to be banished from Venezuela on Monday, January 15. Venezuela Encourages Conversion Of Petro To Bolivar The decision […]
Mark Cuban Wires $275M In Taxes, Sends Crucial Message To Community
American businessman Mark Cuban took to X to update his followers on the outcome of an earlier decision to pay his tax. KPMG Estimates Mark Cuban’s Tax According to Cuban, he has wired a total of $275.9 million to the Internal Revenue Service (IRS) as payment for his 2023 remaining tax burden. This payment also […]
Cardano (ADA) Gains Momentum as Next Big ETF Candidate
Cardano (ADA), the renowned blockchain platform, is gaining significant attention as a potential candidate for future exchange-traded funds (ETFs) in the U.S. With the cryptocurrency community actively discussing the approval of altcoin-based ETFs following the green light for Bitcoin ETFs, Cardano has emerged as a front-runner in this new wave of investment products. Cardano’s Stability […]