Crypto ATMs are becoming increasingly popular in the United States, despite criticism for illegal or predatory behavior. These ATMs convert Bitcoin and other cryptocurrencies or stablecoins into or out of fiat, and usually charge a fee of 15-16%. The report identified four user groups for crypto ATMs, including cash users, older people, those motivated by […]
The United States Securities and Exchange Commission (SEC) has postponed its decision on WisdomTree’s Bitcoin Trust, which was first filed on December 8, 2021. In response to BlackRock joining the spot Bitcoin ETF race, WisdomTree refiled its application on July 19, 2023. Other institutional giants such as Valkyrie, Fidelity and Invesco have also re-filed their […]
Bitcoin trading volume has seen a large boost recently, according to data from the on-chain analytics firm Santiment. The trading volume refers to the daily total amount of a specific asset being moved around on the blockchain. When the value of this metric is high, it means that many tokens of the cryptocurrency in question […]
Regulators are still trying to figure out how to regulate the crypto industry, but recent judicial rulings have been promising. Bill Morgan, an attorney representing Ripple in its legal battle with the SEC, has commented on the changing interpretation of digital assets and the divergence from the SEC’s traditionally stringent perspective.Judge Katherine Polk Failla recently […]
Bitcoin’s rally to nearly $28,000 this week was short-lived. On Thursday, the top crypto asset fell back to $26,300, which was roughly its level before the pump. This price dump has triggered $103.58 million in liquidations over the past 24 hours, including $3.12 million liquidation on Bybit. In total, over 34,700 traders were liquidated by […]
The Pi Network, a mobile-based crypto mining platform, has invited developers to join its ecosystem and build new applications. The team stated that developers would have access to the network’s extensive user base of 47 million and would be able to onboard easily without needing blockchain and crypto-specific programming language or experience. The project also […]
Nexo, a digital assets industry, has recently rolled out the Dual Mode functionality on its signature Nexo Card. This feature allows users to switch between debit and credit modes easily using the Nexo app, providing spending adaptability and integrating digital currency into traditional financial operations. The Nexo Card is accepted by over 100 million merchants […]
Pikamoon is a leading-edge GameFi project building the world’s most advanced real-time 3D metaverse for a photorealistic effect and immersive experience. The Pikaverse is built on Unreal Engine 5, the leading game development engine in the industry, which has been used in the creation of industry-leading games like Fortnite, The Matrix Awakens, and many more. […]
Bitcoin traders have been emboldened by Grayscale’s court victory against the SEC, which could have a major impact on upcoming spot Bitcoin ETF applications. This renewed confidence is seen in the futures market, where the Estimated Leverage Ratio (ELR) has risen from 0.22 to 0.25. This suggests that traders are taking on more risk in […]
Experts predict that the United States could see its first spot Bitcoin ETF by the end of 2023. Two Bloomberg exchange-traded fund (ETF) analysts, Eric Balchunas and James Seyffart, have upped their prediction to a 75% chance of a spot Bitcoin ETF launch in the US.The positive sentiment comes after Grayscale scored a major victory […]
