Tag Archives: Cryptocurrency News

BlackRock has agreed to exclude in-kind creations and redemptions from its ETF application. The Bitcoin price has responded positively to this news. Of the many companies that have been pegged to secure a Bitcoin ETF approval in the United States, BlackRock seems to be the one with the best chance. From individual investors to the crypto market as a whole, everyone seems convinced that BlackRock will make history with the ETF by next year. The company has scored another coup in this...

The value proposition of RepubliK goes beyond mere token transfer as users can experience a full-blown social media content-sharing ecosystem that rivals what is on offer on Instagram and TikTok among others. SocialFi startup RepubliK has entered into a strategic partnership with The Open Network (TON) in a bold attempt to bring the dissimilar worlds of Web 2.0 and Web 3.0 together. As contained in a Press Release shared with Coinspeaker, the collaboration will kick off fully in the...

The deal with Hut 8 comes after Celsius recently obtained approval from the bankruptcy court to transition into a Bitcoin mining entity that creditors will solely operate.  Bitcoin (BTC) mining company Hut 8 has entered into an interim agreement with the bankrupt crypto lender Celsius Network to construct and deploy new mining operations in Cedarvale, Texas. This collaboration is a key component of Celsius’s ongoing bankruptcy proceedings, designed to foster positive relations with its...

OKX strategically positioned itself to ride the Ordinals wave, seizing the NFT crown amid exploding interest in Bitcoin-based creative assets. Cryptocurrency trading platform OKX has raced ahead of rivals to become the top marketplace for non-fungible tokens (NFT), recording over $50 million in daily NFT trading volume compared to $13 million on Blur and $3 million on OpenSea. This surge centers around Ordinals – unique NFTs built on the Bitcoin blockchain that have recently taken the...

The first offering of Bybit’s Crypto Ark Space is the Crypto Ark Trading Academy, which will run every Thursday from 7:00 pm to 8:30 pm. The Bybit cryptocurrency exchange, a top-rated crypto firm with more than 20 million registered global users, has announced plans to ensure a seamless web3 adoption through its Crypto Ark Trading program. According to the statement, Bybit’s Crypto Ark has embarked on a journey to reshape the future of crypto collaboration beginning with its headquarters...

According to a recent report from Goldman Sachs, 2023 saw significant institutional support for the crypto industry, especially for derivatives trading. For as long as the crypto industry has existed, it has pursued institutional support. Considering the fact that the crypto industry operated on the fringes of the mainstream financial world for so many years, institutional support would mean both more financial benefits and public validation. Well, according to Goldman Sachs, 2023 saw...

The head of Franklin Templeton’s digital asset and industry advisory services sees ongoing adoption of BTC by nation-states and emphasizes its potential to surpass CBDCs in efficiency for national treasuries. A strategist from Franklin Templeton, a global investment firm, predicts a future where every national treasury holds Bitcoin (BTC), envisioning the cryptocurrency becoming the fundamental unit of trade. Sandy Kaul, the head of Franklin Templeton’s digital asset and industry advisory...

Even with the owed fees it has paid in trying to deal with bankruptcy issues, FTX continues to face mounting challenges. The collapse of cryptocurrency exchange FTX, previously valued at $32 billion, has resulted in exorbitant legal and advisory fees amounting to an average of $53,000 per hour within three months. According to recent filings with the bankruptcy court, FTX attempted to address its insolvency issues by spending an astounding $118.1 million on professional services between...

With the Bitcoin mining landscape gaining steam, the competition is heating up and the most positioned miners will be the biggest beneficiaries moving forward. Today the price of Bitcoin (BTC) is down. The major crypto asset is treading below $41,000 this morning. The main crypto stocks in the pre-market are also in the red zone. Coinbase Global Inc (NASDAQ: COIN) is down 3% and is trading at around $143. MicroStrategy Inc (NASDAQ: MSTR) stock is down over 3%, trading at $551. Marathon...

Tap Protocol seeks to continue building new Bitcoin applications, ranging from fractionalization of Ordinals art and token functions for gaming applications.  Trac Systems, a German-based company and the parent entity of Tap Protocol, recently announced the completion of a funding round where it pulled the sum of $4.2 million from investors. The funding round was led by Sora Ventures and the capital raised is earmarked for the continued development of the company’s initiatives,...