In the ever-evolving landscape of digital asset investments, recent metrics indicate a cautious sentiment among investors. Over the past week, investment products in digital assets experienced modest outflows amounting to $147 million. This development comes on the heels of unexpectedly robust economic data, which has tempered earlier speculations regarding substantial interest rate cuts. Such macroeconomic
Crypto
In a pivotal move, Binance has announced its plans to convert specific delisted cryptocurrency holdings into USDC by a designated deadline of April 28, 2025. This initiative primarily affects users holding assets in several cryptocurrencies that have recently been removed from the platform, including Tornado Cash (TORN) and OMG Network (OMG). The company has also
October has proven to be a complex month for Shiba Inu (SHIB), a token that many in the crypto community have closely monitored. Following a notable downturn at the beginning of the month, SHIB recently regained momentum, experiencing a 4% increase in value. This uptick seems to coincide with a revival in the wider meme
The Premier League (PL) is witnessing a substantial transformation in its sponsorship landscape, particularly as it embraces partnerships with cryptocurrency firms. With recent reports highlighting that PL clubs have landed a staggering $170 million in crypto sponsorship deals for the upcoming 2024/25 season, it becomes clear that this movement is reshaping the traditional revenue streams
On October 7, BGB, Bitget’s native token, experienced a dramatic 50% price decline in just a few short hours, highlighting the inherent risks and unpredictable fluctuations within the cryptocurrency market. Starting at $1.14, it plummeted to $0.64 before rapidly regaining ground. This untimely shock left many investors reeling, triggering discussions on market stability and the
In a significant move reflecting confidence in the cryptocurrency market, Metaplanet, a Tokyo-listed company likened to America’s MicroStrategy, has bolstered its Bitcoin holdings by acquiring an additional 108.786 BTC, valued at approximately 1 billion yen (around $6.7 million). This acquisition has pushed its total Bitcoin reserves to 639.503 BTC, amounting to a substantial market valuation
Over the past week, the landscape surrounding the eleven U.S. spot Bitcoin exchange-traded funds (ETFs) has taken a significant downturn, drawing attention from investors and market observers alike. Following a remarkable trajectory characterized by substantial net inflows, the situation shifted dramatically, possibly influenced by rising geopolitical tensions in the Middle East. Just the previous week
In an unexpected turn of events, the third quarter of 2024 has yielded a notable decrease in cybersecurity breaches, with only 28 incidents reported. This represents the lowest frequency of hacks observed over the past three years. Despite the reduction in the number of attacks, the total financial loss remains staggering, amounting to $463.6 million.
On October 2nd, Taiwan’s Financial Supervisory Commission (FSC) announced a significant overhaul of its Anti-Money Laundering (AML) regulations, specifically targeting local virtual asset service providers (VASPs). These new protocols aim to enhance the nation’s oversight of the increasingly complex landscape of cryptocurrency and digital assets. This article will delve into the crucial aspects of the
Wrapped Bitcoin (WBTC) has carved a significant niche for itself in the realm of tokenized assets, particularly by enabling Bitcoin holders to engage with decentralized finance (DeFi) on alternative blockchains like Ethereum and Solana. Developed collaboratively by BitGo, Kyber Network, and Ren, WBTC provides a unique proposition by offering a 1:1 representation of Bitcoin, which
