Crypto news

Bitcoin halving concerns triggered the 11th consecutive week of outflows from the blockchain equities. According to data compiled by CoinShares, blockchain equities experienced $9 million in withdrawals as investors worried about halving the impact on mining companies because it can affect their profitability and, subsequently, the value of their investments in those firms. The latest halving saw the mining reward slash to 3.125 BTC. If mining becomes less profitable as a...

TL;DR Shiba Inu raised $12 million from global investors, aiming to make Shibarium a central hub for meme-themed projects. The price of SHIB has risen 17% over the past week, with analysts predicting further increases in the near term. Shiba Inu’s Multi-Million Initiative According to a document shared with CryptoPotato, the team behind the popular meme coin – Shiba Inu – raised $12 million from various non-US strategic partners, including Animoca Brands, Polygon Ventures,...

The world’s largest asset manager is aiming to retain its position as leader of the spot Bitcoin ETF market following a massive exodus of capital from its flagship GBTC product. In order to do this, Grayscale has applied for a smaller Bitcoin ETF with highly competitive fees to compete with its ten rivals. According to its latest filing with the US Securities and Exchange Commission, Grayscale’s new ETF, the Bitcoin Mini Trust, has set fees at just 0.15%. Grayscale Mini-BTC...

The New York Stock Exchange (NYSE) has released a survey questioning market participants about round-the-clock stock trading, signaling potential interest in opening its trading venue beyond traditional market hours. The update would bring the stock exchange up to date with today’s major cryptocurrency exchanges, which operate at all hours including weekends. All Hours Stock Trading On NYSE According to the Financial Times, NYSE’s survey asked participants whether all-hours...

CoinspeakerMan City and OKX Roll Out Limited Edition NFT Collection for Football Lovers  Man City said the rarity of the NFTs is determined algorithmically. Owning five ultra-rare NFTs will grant access to a play-on-pitch experience, two tickets to a Manchester City match, and a limited-edition City shirt. Man City and OKX Roll Out Limited Edition NFT Collection for Football Lovers 

CoinspeakerBitget Report: Middle East Crypto Market Surges by 166% YoY The Unite­d Arab Emirates emerge­s as the clear frontrunner in crypto adoption across the Middle East. Such an outlook aligns with the nation's progre­ssive stance on digital assets. Bitget Report: Middle East Crypto Market Surges by 166% YoY

CoinspeakerCelo Developer cLabs Proposes Ethereum Layer 2 Chain Development Using OP Stack The deployment of the Celo Layer 2 testnet is planned for later in the summer. This will come after another round of community voting. Celo Developer cLabs Proposes Ethereum Layer 2 Chain Development Using OP Stack

CoinspeakerBinance Exec, Who Fled Nigeria, Denies Report of Extradition from Kenya The Nigerian government has been pushing the Binance crypto exchange to pay as much as $10B for the significant economic disruption caused. Binance Exec, Who Fled Nigeria, Denies Report of Extradition from Kenya

Bitcoin layer 2 solution tokens have demonstrated superior performance to BTC following the highly anticipated halving of the mining reward on the blockchain. Since the event, these tokens have surged by 5% to 20%, outpacing the top crypto by market cap. Stacks (STX) Takes Center Stage According to CoinGecko data, the market cap for Bitcoin layer 2 solutions is $4.3 billion, marking a 5.6% increase in the past 24 hours. Meanwhile, the trading volume is $184 million. Stacks...

CoinspeakerFinnish Tax Authority Uncovers $31M in Unreported Crypto Gains in 2023 Mika Siivonen, a tax expert from the Finnish Tax Administration, explained that a lower number of reported traders often corresponds to a higher number of investors who have yet to declare their income taxes. Finnish Tax Authority Uncovers $31M in Unreported Crypto Gains in 2023