Crypto news

The fate of Bitcoin’s price throughout the rest of the year largely lies in the answer to one question: Will a Bitcoin spot ETF be approved in the United States? Joe Carlasare – a commercial litigator supporting Bitcoin – tweeted on Monday that he gives such a product a 30-40% chance of launching inside of a year. He later spoke with CryptoPotato to explain how he arrived at those numbers.  The Trouble With Grayscale’s Lawsuit According to Carlasare, the market’s best bet at...

According to data provided by Glassnode, long-term holders currently hold almost 14.5M bitcoin (BTC). LTHs have been on a gradual accumulation spree in the past year and a half despite the prolonged bear market.  Blockchain analytics firm CryptoQuant has recently revealed that institutional investors (hedge funds, pension funds, commercial banks, insurance companies, and more) have also shown an increasing appetite for holding the primary cryptocurrency in the long run. So...

The SEC’s subsequent enforcement actions, first against Ripple and XRP, followed by Binance and Coinbase, have contributed to the sufferings of other crypto exchanges from a liquidity standpoint. There has been a major shift in the CEX landscape that has already faced challenges following the FTX implosion. A new report suggested that a slow recovery in liquidity appears to have haunted the second quarter. Kraken: An Outlier The blockchain data provider Kaiko’s second...

Ordinals developers are pioneering ways to make reduce blockchain bloat caused by Bitcoin NFTs, potentially reducing their creation costs by 90%.  The latest among these is BRC69 – a new standard proposed by Ordinals launchpad platform Luminex to “optimize the costs of inscribing on Bitcoin using the Ordinals protocol.” The BRC69 Standard According to Luminex’s GitHub proposal, the new standard can not only reduce inscription costs, but also unlocks new on-chain features,...

[Press Release – Frankfurt, Germany, July 4th, 2023] Alex The Doge (ALEX), a memecoin designed to transform the GameFi ecosystem, has reported strong demand for its presale. The presale, which is currently ongoing, gives the crypto community their first opportunity to purchase ALEX tokens. Following completion of the token sale, ALEX will launch on decentralized exchanges. ALEX aims to combine the fun of memecoins with the utility of decentralized finance (DeFi) and...

The crypto winter of 2022 may be technically over, but the effects are still being felt. This year, the Miami Bitcoin Conference saw a whopping 50 percent dip in its attendance rate. The Crypto Winter Is Still a Powerful Enemy That means roughly half of last year’s crowd showed up this year, and many are blaming the crypto winter for the drops. Some analysts believe the number may be lower than what’s being reported. For example, this year, roughly 15,000 people...

Justin Bieber might be iconic on stage, but his investment strategy, at least in terms of NFTs, certainly missed the mark. The famous Canadian pop star paid $1.3 million for a Bored Ape NFT last year, which is now worth only around $59,000. Foraying the hyped NFT space during the digital asset bull run seemed like a lucrative and exciting addition to many celebrities’ investment portfolios. However, many who sang the praises of these non-fungible tokens have not managed to...

[unable to retrieve full-text content]CoinspeakerChina Seeks Global Tech Control via Issuing Stern Restrictions on Exporting Semiconductor-Making Materials China manufactures nearly 80 percent of global gallium and germanium products used in making chips that are critical in AI developments. China Seeks Global Tech Control via Issuing Stern Restrictions on Exporting Semiconductor-Making Materials

[unable to retrieve full-text content]CoinspeakerTwitter Subscribers to Gain Exclusive Access to TweetDeck The competition in the social media industry is heating up, and Twitter is finding itself in the midst of a dynamic landscape with various rivals vying for user attention and engagement. Twitter Subscribers to Gain Exclusive Access to TweetDeck

[unable to retrieve full-text content]CoinspeakerOECD Data: UK Is Only G7 Country where Inflation Is Still Rising Inflation in the UK is still on the rise despite continuous hikes in interest rates and inflation reductions in other G7 countries. OECD Data: UK Is Only G7 Country where Inflation Is Still Rising