The recent trend in Spot Bitcoin ETFs has raised concerns among investors as the funds have experienced outflows for seven consecutive days. The outflows have been accompanied by a decline in the Bitcoin price, indicating a possible correlation between institutional sell-offs and miner sell-offs. Data from Coinglass reveals that the outflows have averaged around $100
A recent decision by a US bankruptcy court has given FTX the green light to move forward with a liquidation plan that involves paying customer claims in cash. This plan, which is set to pay customers based on crypto prices at the time of FTX’s collapse in November 2022, has faced objections from customers who
The partnership between Netmarble’s Marblex and Immutable marks an exciting development in the blockchain gaming world. By leveraging Immutable’s cutting-edge zkEVM chain, the collaboration aims to enhance the gaming experience for both developers and gamers. The zkEVM technology offers significant advantages over traditional blockchain platforms, particularly in its smart contract compatibility and gas-free transactions. This
The cryptocurrency market is on the brink of a major development with the impending launch of new spot Ethereum ETFs, pending approval from the US Securities and Exchange Commission (SEC). Asset managers are eagerly preparing for this milestone, with Bitwise Chief Investment Officer (CIO) Matt Hougan offering insights into the potential impact of these ETFs
The world of cryptocurrency and blockchain technology is a rapidly evolving landscape that requires clear and concise explanation for readers from all walks of life. One such prominent figure in the industry is Scott Matherson, a crypto writer at NewsBTC known for his ability to capture the pulse of the market with precision. Scott’s dedication
The cryptocurrency market, once a hotbed of excitement and potential, is currently experiencing a significant downturn. Bitcoin, the flagship cryptocurrency, has seen a sharp decline in value after reaching record highs earlier this year. The recent weeks have been characterized by a mass exodus of investors from Bitcoin, with over $630 million flowing out of
Bitcoin (BTC) has seen a continued downtrend, with prices dropping to new local lows of under $59,000. During the U.S. Monday trading session, BTC briefly went below $60,000, hitting a low of $58,500. This decline can be attributed to the outflows from the U.S. spot Bitcoin exchange-traded fund (ETF) market. The latest weekly report from
MetalCore is not just another online game; it represents a significant shift in the gaming industry. With its sci-fi mech shooter gameplay set on the planet Kerberos, MetalCore offers players a unique and immersive gaming experience. The promise of thrilling PvPvE battles and a player-driven economy sets it apart from traditional online games. This game
Anthony Scaramucci, the founder of SkyBridge Capital, has made bold predictions about the future of Bitcoin. He believes that if his preferred presidential candidate wins, Bitcoin could reach new all-time highs. During an interview on Unchained, Scaramucci mentioned that he expects a new ATH for Bitcoin during a second Biden administration, with the cryptocurrency rising
Coinbase, a prominent player in the cryptocurrency market, could be facing regulatory challenges in the near future. This is in relation to new FASB accounting rules that are set to change the way digital assets are accounted for. The Financial Accounting Standards Board (FASB) agreed upon new accounting rules in 2023 that will officially come
