BlackRock, a leading asset manager, has recently submitted a new amendment to the S-1 filing for its spot Bitcoin ETF, the iShares Bitcoin Trust. The amendment includes significant changes and updates, indicating the ongoing discussions and transactions between BlackRock and the U.S. Securities and Exchange Commission (SEC). One notable update in the filing is the
Last week, bitcoin experienced a rally, surpassing $44,000. However, it encountered a significant resistance level at almost $45,000 and subsequently underwent a price retracement. This article aims to analyze the cause of this retracement and the influence of profit-taking by different groups of investors on bitcoin’s price movement. In a recent report by CryptoQuant, an
Aurory (AURY), a blockchain-based tactical Japanese role-playing game built on Solana (SOL), has recently encountered a major liquidity loss in its Camelot’s AURY-USDC pool. The incident was a consequence of a hack on the SyncSpace bridge, which led to the unauthorized withdrawal and subsequent market sale of approximately 600,000 AURY tokens on the Arbitrum (ARB)
The leaders of the UK Treasury recently presented a set of regulations known as the Digital Securities Sandbox (DSS) before the parliament. These regulations are designed to establish a controlled environment that enables companies and regulators to test new technology in financial markets. By overcoming existing regulatory obstacles, the DSS regulations have the potential to
Improbable, renowned for its metaverse technology innovations, has made a significant move by selling its gaming division, The Multiplayer Group (MPG), to Keywords Studios for an impressive £76.5 million ($97.1 million). This decision not only boosts Keywords Studios’ ‘Create’ division but also introduces MPG’s extensive expertise in multiplayer game development. Collaborating with esteemed gaming studios
Cryptocurrency enthusiasts are keeping a close eye on the recent sensation in the market known as Bonk Inu (BONK). This memecoin has not only attracted the interest of retail investors but has also captured the attention of industry veterans like Arthur Hayes, the co-founder of BitMEX. Hayes took to Twitter to express his admiration for
Revolut, the popular digital banking and fintech platform, has announced a temporary suspension of its cryptocurrency trading services for its business clients in the United Kingdom. The decision comes as a response to anticipated regulatory changes set to be implemented in early 2024. This move is in line with Revolut’s commitment to adapting its business
The fear of missing out, commonly known as FOMO, is a powerful emotion that often drives the behavior of seasoned crypto investors. This phenomenon becomes particularly prominent when new cryptocurrency projects announce presales of their tokens, as investors fear they will miss out on the next 1000x gain. The recent price action surrounding BRC20 projects
Bitcoin has shown signs of retracement in recent days, potentially indicating a return to the $30,000 mark. With a 2% loss within the past 24 hours, the cryptocurrency is currently trading at $40,950. On a weekly scale, Bitcoin records a 3% loss, with other top 10 tokens facing similar performance, excluding Avalanche (AVAX). Over the
The recent market rally has been accompanied by a significant pullback, dampening the spirits of many investors. However, amidst this sea of red, there are a few altcoins that have managed to defy the bearish trend. Stacks (STX) is one such outlier, experiencing a remarkable 21% increase in value over the past week, according to
