Xapo Bank is the first UK bank to offer interest-bearing accounts for Bitcoin and fiat currency. Xapo Bank provides 1% interest on Bitcoin without staking, lending, or locking up assets. Xapo Bank is the first bank to provide interest-bearing accounts in both Bitcoin and fiat currencies. Gibraltar-based bank announced its extension into the United Kingdom on August 5, 2024, This milestone took place under the UK’s passport program, which was approved by the Financial Conduct Authority (FCA),...
Read More »Why Bitcoin’s Latest Crash Is A Historic Buying Opportunity: Bitwise
Bitwise CIO Matt Hougan said Monday that he views the weekend’s violent selloff in crypto/equities as a Bitcoin buying opportunity. In a Twitter thread Monday, the executive likened the market crash to March 12, 2020 – a day of “chaos” that pre-empted historic new highs for crypto over the following months. Bitcoin Buying Opportunity, Says Bitwise As noted by Hougan, the NIKKEI – Japan’s stock market index – experienced its worst day since 1987 on Monday, dropping 12% on the...
Read More »Crypto Investment Products Saw Outflows of $528M Weekly as US Recession Fears Grow: CoinShares
Ethereum investment products experienced net outflows of $146 million globally last week, largely due to $169.4 million in outflows from US spot Ethereum ETFs. This figure masks $430 million in net inflows into new Ethereum ETFs, overshadowed by $603 million in outflows from Grayscale’s ETHE fund. Additionally, there were minor outflows observed in European ETPs, according to CoinShares’ report. Bitcoin experienced massive outflows of $400 million, marking the first time in...
Read More »Crypto Investors Nearing Extreme Fear as Bitcoin Fell to $50K
The weekend has been characterized by a rollercoaster of emotions for the crypto community, with fear gripping investors who are concerned about the latest market conditions. According to current data from Alternative.me, the Crypto Fear & Greed Index sat at 26/100, signaling fear among investors. If the market condition worsens, the indicator may inch closer to extreme fear, a sentiment that could further harm the market. Source: Alternative.me Investors Are Fearful of...
Read More »Percentage of Bitcoin Holders in Profit Plunge Following Dip to $50k: ITB
Bitcoin’s 24-hour bloodbath has reduced the number of its investors in profit. According to data from blockchain analytics platform IntoTheBlock, the percentage of BTC holders in the green has crashed from 93% in late July to 75% at the time of writing. The significant decline in BTC profitable holders comes as the leading cryptocurrency crashed below $50,000 for the first time since February this year. A Decline in Profitable Bitcoin Addresses The last time the percentage of...
Read More »Bitcoin Price Plummeted to Below $53,000, Ether Hits Lows It Has Not Seen Since December
In a shocking turn of events over the weekend, spurred by mass bitcoin selloffs on Sunday, its price took a tremendous nosedive. Bitcoin’s value dropped by over 12% on Monday morning, going from over $60,000 to less than $53,000 within 24 hours. Bitcoin has not observed such lows since February, when it rallied toward new highs. This downturn also caused ETH to take a massive hit, as its price dropped to around $2,200, falling by over 20%. ETH has not touched this price point since last...
Read More »Crypto Investment Products Sees $528M in Outflows Last Week
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Read More »Almost Nobody Holding Cardano (ADA) is in Profits Following Today’s Crypto Crash: Data
TL;DR Cardano (ADA) reached a nine-month low price, leaving many investors in losses (as of the moment). Input Output introduced a partner chains toolkit to enhance security, though ADA’s price remained unaffected. The RSI indicates it might be oversold, hinting at a potential rebound. Almost Every ADA Investor Goes Underwater The cryptocurrency market has significantly declined in the past few days, with things escalating in the past 24 hours. The sector witnessed a severe...
Read More »MicroStrategy (MSTR) Stock Tanks 18% in Pre-Market, Crypto Firms Bleed
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Read More »Korea’s Virtual Asset Market Crashes as Bitcoin Plummets to February Lows, Stocks Plunge
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