In the fast-paced world of cryptocurrency trading, security and compliance are paramount for exchanges to thrive and succeed. BloFin Exchange, a leading cryptocurrency trading platform, has recognized the importance of integrating the Chainalysis blockchain data platform to enhance its compliance capabilities and safeguard the assets of its global user base. This strategic collaboration is pivotal
Animoca Brands Corporation Limited and its subsidiary Bacasable Global Limited have recently announced that their user-generated content platform, The Sandbox, has successfully raised $20 million in funding. This funding round includes a valuation cap of $1 billion for the platform, solidifying Animoca’s reputation as a pioneer in advancing digital property rights within the open metaverse.
The cryptocurrency market is experiencing a surge of optimism as investment funds witness a historic inflow surge. CoinShares, a top digital asset manager, reported a record-breaking $2 billion influx into crypto funds in just one week, surpassing the entire month of May’s net inflows. This positive trend, spanning over five consecutive weeks, has pushed total
The US spot Bitcoin ETFs, including GBTC, had a remarkable beginning to June despite some signs of diminishing hype. Data reveals that during the first week alone, these ETFs collectively bought a staggering 25,729 BTC. This follows a trend seen in previous months where significant amounts of BTC were acquired by these investment vehicles. In
Ethereum price recently faced resistance at the $3,720 level, leading to another decline in price. The current situation has put ETH at risk of further losses below the $3,550 support zone. This resistance level has proven to be a significant challenge for Ethereum in terms of price movement. The hourly MACD for ETH/USD is showing
The Arbitrum Foundation, known for its Ethereum Layer 2 scaling solution, has taken a bold step towards fostering growth in the gaming industry within its ecosystem. By approving a proposal to distribute 225 million ARB tokens, valued at approximately $215 million, over the next three years for the Gaming Catalyst Program (GCP), the foundation aims
In response to the recent price spike that almost brought Ethereum (ETH) to the $4,000 mark, the second-largest cryptocurrency has seen renewed market enthusiasm and inflows. This surge was triggered by the US Securities and Exchange Commission’s (SEC) approval of Ethereum ETF applications from major asset managers. According to a report by CoinShares, digital asset
Over the weekend, Bitcoin experienced a brief increase in price towards $70,000 before returning to a stagnant state. This lack of significant movement was reflected in most altcoins as well, with only a few, such as BNB, NEAR, FIL, and FET, showing notable price drops. Bitcoin ETF Inflows Bitcoin had a strong week in terms
Christian’s career as a journalist has taken him on a journey through various facets of the industry. From working at newspapers in Canada and South Korea to settling down at a local news giant in the Philippines, he has honed his craft and become a total news junkie. However, it was his discovery of the
The current altcoin and Bitcoin market seems to be following a similar pattern to what was observed in June 2019, just before the United States Federal Reserve decided to cut interest rates. Analysts are drawing parallels between the two cycles, suggesting that a final flush out of altcoins may be on the horizon before the
