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Bitcoin (BTC) reached $61,000 on Tuesday morning after spending the past week fluctuating between $56,000 and $58,000 this was due to massive Bitcoin ETF inflows. This upward push from $58,000 marked a strong recovery for Bitcoin, which had been under heavy selling pressure recently. The market cap of cryptocurrencies grew more than 3% in the past…
Nigeria’s Securities and Exchange Commission (SEC) has made a key decision in the country’s cryptocurrency sector. For the first time, the SEC has issued a provisional license to Quidax, an African-founded cryptocurrency exchange. This license officially recognizes Quidax as a registered crypto exchange in Nigeria. This development is an important step for Nigeria’s cryptocurrency industry, which…
MicroStrategy’s new exchange-traded fund (ETF), MSTX, has been given the go-ahead from the U.S. Securities and Exchange Commission (SEC). This ETF, managed by Defiance ETFs, aims to deliver 175% of MicroStrategy’s daily stock return. It is the first of its kind to focus on just one stock, specifically MicroStrategy, which is known for holding a…
MetaMask has launched a new crypto debit card (the MetaMask Card), in partnership with Mastercard, now available to people in the European Union and the United Kingdom. This card allows users to turn their cryptocurrency into fiat directly from their MetaMask wallets, similar to how a regular debit card works. However, users keep control of their…
On August 13, a crypto wallet that recently received $2 billion worth of Bitcoin (BTC) from the Mt Gox exchange’s trustee performed test transactions. This indicates they might be preparing to pay creditors. Analysts think the wallet is probably linked to BitGo, a major crypto custody service. BitGo is one of five companies tasked with…
Ethereum exchange traded funds (ETFs) have recently attracted a lot of interest, particularly from BlackRock. Over the past few months, BlackRock has shown strong interest in Ethereum (ETH), the leading altcoin. This has prompted other big names in the crypto space to also increase their holdings of ETH. See Also: The SEC Confirms Smooth Approval Process…
Celsius, a bankrupt crypto platform, has sued Tether, accusing them of mishandling assets during the Celsius bankruptcy. Celsius is seeking to recover about $3.5 billion. The lawsuit claims that Tether lent Celsius a certain amount of USDT, backed by U.S. dollars, and in return, Celsius gave Tether 39,542.42 Bitcoin as collateral. When Bitcoin’s price dropped,…
Recently, BTC bounced back from its losses and climbed above $60,000. There’s a chance it could keep rising, possibly reaching $65,000 and $68,000 resistance levels. Over the past few weeks, Bitcoin experienced sharp price swings, especially near the $70,000 resistance level. The price couldn’t break through this resistance and dropped sharply, falling 20% and even dipping…
On August 5, 2024, Binance Exchange experienced a major increase in funds during a market drop, gaining $1.2 billion. This was one of the largest trading days of the year, reflecting continued confidence from many people trading on the platform, according to Binance CEO Richard Teng. He shared this information on August 6, using data from…
Despite a recent drop in Ethereum’s price, large investors remained interested. New U.S. spot Ethereum ETFs received a large inflow of $49 million on August 5. This was the second-biggest single-day inflow since these funds started trading. This shows that investors still trust Ethereum, even during tough market conditions. Leading Ethereum ETFs BlackRock’s ETHA fund…
Bitcoin’s price has fallen to $61,000, influenced by market activities from Morgan Stanley and Genesis Trading. Morgan Stanley is now telling its financial advisors that certain clients will soon be able to buy Bitcoin ETFs. This shows the firm’s growing interest in offering more crypto options for its clients. However, only clients with a net…
On the second day of trading, US spot Ethereum ETFs saw huge outflows, that reversed the previous day’s gains. On July 25, the Spot Ethereum ETFs experienced a net outflow of $133.16 million, which was a big drop from the day one’s positive performance. Data showed that Grayscale’s Ethereum Trust (ETHE) was hit the hardest, facing…
Hamster Kombat Mini Game The telegram game mini app Hamster Kombat is now the most played and followed app in the crypto community today with just about 5 months under their belts. This goes a long way to show the massive potential of the project and the capabilities of its team. Over time, the hamster…
Bitcoin is now at $100,000 OMG!… We all wish this was true right? Okay let’s be real this is possible of course if the U.S went all in to support Bitcoin. Well this could be the case if Donald Trump’s election is successful. Donald Trump is currently leading in the polls for the 2024 U.S. Presidential…
