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Cryptocurrency News

Kraken’s Strategic Move to Institutional Services

Leading cryptocurrency exchange, Kraken has announced that Kraken Institutional will start on February 27, 2024. This new business aims to gain a substantial presence in the Bitcoin exchange-traded fund (ETF) market by offering institutional clients specialised services. For customers outside of the US, Kraken Institutional will provide a range of services, such as spot and […]

Cryptocurrency News

The Mysterious Shutdown of BitForex

Users of the Hong Kong-based Bitcoin exchange BitForex are left feeling uncertain and concerned after the unexpected shutdown of the exchange. Fears of a possible exit fraud were raised by the abrupt shutdown on February 23, which resulted in the exchange going silent on all official communication channels. The Sudden Shutdown of BitForex On February […]

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Grayscale’s Bitcoin ETF Sees Record Low Outflows Amid Market Shifts

Withdrawals from Grayscale’s Bitcoin Trust (GBTC) have fallen to an all-time low, signalling a significant change in the financial landscape. This development represents a central turning point in the history of GBTC, which has seen erratic withdrawal levels. According to the most recent data from BitMEX Research, on February 23, GBTC saw a total of […]

Cryptocurrency News

Ripple CEO Anticipates Positive Impact of Potential XRP ETF

The CEO of Ripple, Brad Garlinghouse, talked about the potential for BlackRock to introduce an exchange-traded fund (ETF) for XRP in a recent interview with Bloomberg. The possibility of comparable ETFs for other cryptocurrencies, such as XRP, is becoming increasingly apparent with the US regulator’s approval of the first crypto spot ETF for Bitcoin. Garlinghouse […]

Cryptocurrency News

Ripple’s Recent 60 Million XRP Transfer: Analysing Market Impact and Speculations

In a recent occurrence in the cryptocurrency space, 60 million XRP, or roughly $34 million, were transferred by Ripple to an unidentified wallet, garnering significant attention in the industry. The XRP community is anxious due to this decision, and many wonder if Ripple would dump tokens on the market. The deal’s ramifications for XRP’s market […]

Cryptocurrency News

VeChain Targets $20 Trillion Market

VeChain applied for a V3TR trademark, indicating its intention to connect with the financial industry and gain a substantial portion of the global payments business. This project puts VeChain in a position for significant growth inside the cryptocurrency space and complies with international standards. As the industry anticipates regulatory advancements and the potential impact of […]

Cryptocurrency News

SEC to Restrict ETF Approvals to Bitcoin and Ethereum

The CEO and chief investment officer of Ark Invest, Cathie Wood, recently made a noteworthy forecast about the direction exchange-traded funds (ETFs) will go in the cryptocurrency space. Wood predicts that the US Securities and Exchange Commission (SEC) would only approve Bitcoin and Ethereum-based cryptocurrency exchange-traded funds (ETFs). This prediction clarifies the cautious stance the […]

Cryptocurrency News

The Transformative Impact of Bitcoin ETFs in the First Month

The introduction of Spot Bitcoin ETFs sparked a dramatic change in the financial environment, marking a historic milestone for cryptocurrency investment. Bitcoin’s value surged spectacularly, reaching its highest point in over two years, indicating strong investor interest. This occurrence highlights the growing trust in digital currencies and is driven by a historic $2.8 billion net […]

Cryptocurrency News

Chainlink Whale Accumulates $84 Million in LINK Tokens

One Chainlink (LINK) investor expanded their investment considerably in only three days, buying over 4.5 million LINK tokens valued at around $84 million in an impressive show of confidence in cryptocurrency. This significant investment has raised awareness of Chainlink and generated a lot of conjecture about what effect it will have in the future on […]

Cryptocurrency News

The Turbulent Debut of DYM Token: Expectations Versus Reality

Dymension’s has launched the DYM token, with significant obstacles as part of the launch. Dymension aims to simplify the deployment of “roll apps” by providing a unique solution, placing it at the forefront of blockchain evolution. Modular blockchains focus on specialised features like gaming or finance. In contrast, roll-ups streamline procedures by processing transactions on […]

Cryptocurrency News

Ripple’s Legal Showdown with the SEC:

Ripple and the US Securities and Exchange Commission (SEC) are set to square off over the controversial topic of On-Demand Liquidity (ODL) sales in a legal drama that is developing and has the potential to alter the regulatory environment surrounding cryptocurrencies drastically. This crucial stage of the ongoing legal dispute is expected to test Ripple’s […]

Cryptocurrency News

Bitcoin ETFs: South Korea’s Strategic Engagement with the SEC

The Financial Supervisory Service (FSS) of South Korea is set to have consultations with the Securities and Exchange Commission (SEC) of the United States over the nuances of spot Bitcoin Exchange-Traded Funds (ETFs). This interaction follows the SEC’s historic approval of eleven spot Bitcoin ETFs, which sent shockwaves across the world’s financial markets. South Korea’s […]

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