Key facts: Bitcoin ETFs marked their fourth consecutive day of positive money flows. There is a lot of optimism for the third quarter, which begins in less than a week. Bitcoin (BTC) has been trading around $63,000 for the past week, though it has shown some momentum recently. Over the past three days, its price … Read more
As the price of gold continues to reach new all-time highs, positive expectations for its future are strengthening. “Longer term, investors should expect gold to continue to act as a hedge against broader market volatility and uncertainty,” comment VanEck. Founded over 70 years ago, this American firm manages investment funds in multiple assets, including precious … Read more
With the new changes coming to the Telegram mobile messaging app, the Toncoin (TON) market could be impacted. Pavel Durov, co-founder and CEO of Telegram, announced this week that he is now Users’ IP addresses and phone numbers may be disclosed to authorities. This is in case there are any possibilities of violation of its … Read more
Key facts: The new deadline for an SEC decision is November 10, Bitcoin ETF options were approved last week. The U.S. Securities and Exchange Commission (SEC) has decided to postpone its decision on the proposal to list and trade options on an ether (ETH) ETF (exchange-traded fund). It was announced today, September 24, 2024, that … Read more
Bank of New York Mellon (BNY Mellon), the oldest bank in the United States, announced its plan to implement custody services for bitcoin (BTC) and ether (ETH), specifically for exchange-traded fund (ETF) investors. This development represents a milestone in the adoption of cryptocurrencies by traditional financial institutions. The BNY Mellon’s decision is based on a … Read more
The developer team behind bonk (BONK), a memecoin on the Solana network, has revealed plans to launch an exchange-traded product (ETP) in the United States. During an event called Solana Breakpoint, BONK’s main contributor Nom None, advancement“We are proud to announce that we are working with an incredible team to launch the first BONK-based ETP.” … Read more
Key facts: They now have the funds necessary to operate without any problems until the end of this year. They will implement a savings method to accumulate reserves and avoid the same situation in the future. Mi Primer Bitcoin, the El Salvador-based nonprofit dedicated to Bitcoin (BTC) education, announced that it has overcome its financial … Read more
Key facts: According to the government, “illegal” farms have been detected in some other regions. Unauthorized cryptocurrency mining is causing power outages, Russian officials say. Russian authorities say they will pay more attention and effort to combat illegal Bitcoin mining. This is amid power outages and repairs due to the arrival of winter expected in … Read more
Key facts: According to the congressmen, this regulation turns the capacity of cryptocurrency custody “upside down.” They criticise that the regulations were issued without consulting any of the prudential regulators. In a letter to Securities and Exchange Commission (SEC) Chairman Gary Gensler, a group of 42 Republican lawmakers, led by Patrick McHenry (R-NC) and Senator … Read more
Amid slowing growth and low investor confidence, the Central Bank of China (PBOC) announced the implementation of one of the largest stimulus packages since the start of the Covid pandemic in 2020. Unlike Western countries, its main objective is to counter deflation. As reported by PBOC Governor Pan Gongsheng, the goal is to bring annual … Read more