Kicking off 2024 on a high note, Coinshares’ Digital Asset Fund Flows Weekly Report reveals a robust start with inflows totaling $151 million. Meanwhile, among other assets, Bitcoin takes center stage, witnessing the lion’s share at $113 million, contributing to the cumulative $2.3 billion influx since the Grayscale vs SEC lawsuit. Notably, as digital assets […]
Will Chainlink Price Hit $20? Whale Accumulation Signals a Bullish Turn
As the crypto market grapples with uncertainties surrounding the approval of Bitcoin spot ETFs, Chainlink (LINK), the 14th largest cryptocurrency, has entered a correction phase since the end of December. The price of LINK tumbled from a peak of $17.26 to $13.7, marking a 22.3% loss in just two weeks. This downturn also saw the […]
Bitcoin Price In The Limelight, Gearing Up For $50k Ahead of Spot BTC ETF Approval?
The crypto community is breathlessly waiting for the imminent approval of the first spot Bitcoin exchange-traded funds (ETFs) in the US by the Securities and Exchange Commission (SEC). Although cryptos faced intense headwinds over the weekend, the outlook from the Bitcoin price perspective elucidates the likelihood of a massive breakout. Bitcoin Price On The Move To $50k […]
Shanghai’s Crytocurrency Tax Guide Fuels China Crypto Ban Relief Rumors
An article posted by the Shanghai Municipal Tax Service explained taxes on digital currency transactions in China. It sparked speculations regarding a potential relief of the stringent China crypto ban regulations. The explainer was titled “Common Misunderstandings Regarding Personal Income Tax on Business Income and Categorised Income.” According to a report by the South China […]
Spot Bitcoin ETF: Applicants File Final S-1 Amendments as SEC Approval Looms
As the January 10th deadline approaches, major financial players, including BlackRock, Ark, Fidelity, Invesco, Galaxy Digital, WisdomTree, and Valkyrie, have made a decisive move in the race to launch the first spot Bitcoin ETF in the United States. These firms have submitted their final Form S-1 amendments to the Securities and Exchange Commission (SEC), signaling […]
XRP Price Prediction: Is $1 Imminent with XRP ETF Launch in April?
XRP price has experienced a significant recovery in the past few months, showcasing a robust bullish trend that propelled its value above the critical support level of $0.5500. This surge indicated strong market confidence in XRP, often linked to its association with Ripple and its utility in facilitating fast and cost-effective cross-border transactions. However, the […]
Nvidia To Launch China-centric AI Chips Amid US Export Restrictions
The U.S. chipmaker company, Nvidia, is set to commence mass production of its H20 artificial intelligence (AI) chip for China in the second quarter of 2024. The H20 chip is the most potent among three China-focused chips developed by Nvidia. Initially slated for a November 2023 launch, the plan encountered delays due to integration challenges […]
Shiba Inu Whale Accumulates 546 Bln SHIB From Binance, Bull Run Ahead?
Shiba Inu, one of the most prominent meme coins within the cryptocurrency space, gained significant traction across the broader crypto market on Monday, following substantial whale activity recorded by the token. Intriguingly, as per data surfacing over the crypto horizon, a whopping 546.34 SHIB on the move caught the eyes of crypto market enthusiasts globally. […]
Blockchain Platform Freechat Secures $80 Mln Funding To Revolutionize Web3
In a groundbreaking move, the blockchain social platform, Freechat, has recently closed an impressive $80 million financing round, catapulting its post-money valuation to $800 million. Meanwhile, this significant funding will propel Freechat to fortify its Web3 features, emphasizing privacy, security, and user-controlled data. The aim is to construct a decentralized, open, and transparent global social […]
Crypto Price Prediction For January 8: ETH, MKR, AXL
Crypto Price Prediction: Excitement over the potential approval of a spot Bitcoin ETF has soared to new heights, following the U.S. Securities and Exchange Commission’s decision to receive 19b-4 forms from various exchanges and entities issuing them last Friday Moreover, Eric Balchunas and James Seyffart, top Bitcoin ETF analyst at Bloomberg, hint at a significant […]