Crypto news

Johnny Ng, a leading Hong Kong legislator, has made waves in the crypto market by suggesting that Bitcoin should be included in the city state’s financial reserves. He also claims that Hong Kong must speed up the development of its Web3 ecosystem, or it will fall behind. This is no surprise, considering how much more popular cryptos are becoming. For instance, the DTX Exchange (DTX) presale, which is now in Stage 2, has raised over $1.1M and may reach $2M before August 2024 ends....

American multinational investment giant – BlackRock – has recently reported a significant increase in investment-related scams, particularly those that direct individuals to crypto investment websites or social media platforms like WhatsApp and Telegram. The company has cautioned its investors when engaging with individuals, websites, or social media platforms using BlackRock’s brand to offer training or investment opportunities. BlackRock Cautions Investors In its official...

Cantor Fitzgerald announced that it will open a Bitcoin financing business. The business will provide leverage to investors who hold Bitcoin and will launch with $2 billion in initial financing. Bitcoin Financing Business At the Bitcoin Conference 2024, Cantor Fitzgerald CEO and Chairman Howard Lutnick said on stage, “We will build the best platform for financing Bitcoin, we will work with the best custodians, we are committed to your ecosystem of Bitcoin.” Once the initial...

The debut of spot Ethereum ETFs in the United States resulted in some of the highest inflows since December 2020 over the last week. According to CoinShares, the newly launched funds attracted $2.2 billion last week. Since then, the trading volume of Ethereum ETPs has also surged by 542%. However, the inflows have been hampered by Grayscale’s existing $1.5 billion Ethereum trust, which resulted in ETH experiencing a net outflow of $285 million for the week. This mirrors the...

On-chain analysts just caught the U.S. government moving around $2 billion worth of its massive BTC holdings, sparking market panic that it might be preparing for another sale. Meanwhile, Bitcoin’s price has steadily declined throughout the day, tapping $70,000 at 13:15pm UTC before crashing to $66,900 by 17:26 UTC. At 16:18 UTC, data from Arkham Intelligence showed that the government’s Bitcoin wallet had moved 29,799 BTC ($2.02 billion) to a new blockchain address. That $2...

Bitcoin neared its all-time high earlier today before it was rejected there. There are several factors at play that have supported the price surge of the flagship crypto asset. For one, bitcoin surpassed the average realized price for short-term investors after soaring well past $63,500, indicating renewed market strength. According to the latest findings by the on-chain analytic platform CryptoQuant, the market capitalizations of USDT and USDC have grown, which has...

[PRESS RELEASE – Tokyo, Japan, July 29th, 2024] DOP, the Data Ownership Protocol has announced its upcoming deployment on Polygon PoS. This move aims to enhance interoperability and efficiency, giving users greater control over their personal information on the Polygon network through selective transparency. “The integration of DOP into the Polygon ecosystem underscores the need to bring selective transparency to a wider audience”, DOP expressed in a blog post. “Our attention...

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Coinfest Asia, the biggest Web3 festival in Asia, returns on 22-23 August 2024 for its third edition. Coinfest Asia will present many exciting activities in Nuanu City, Tabanan, Bali. Nuanu City is a sprawling complex with 17 immersive areas and 1 charming beach club directly connected to the beach. Nuanu is designed as a location where all areas are integrated and easy to reach. Each area in Nuanu City used by Coinfest Asia is designed to provide an immersive experience that strengthens...

TL;DR Ripple will unlock one billion XRP in August, which could impact the price due to increased supply. Analysts predict a bullish trend for XRP, expecting a significant breakout. The Upcoming Unlocks Ripple is set to unlock one billion XRP at the start of August – a practice that happens every month and is part of the company’s strategy to ensure a transparent release of its holdings. The initiative dates back to 2017, when Ripple placed 55 billion XRP tokens into a...