Cryptocurrency Analysis and News Portal
The cryptocurrency market has witnessed over $210 million worth of liquidations across the board, with long positions accounting for 85% of this bloodbath amid the latest market turmoil. Data from crypto analytics resource Coinglass confirms that market participants have suffered a blow from the recent turbulence, which has triggered a 4%
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Coinspeaker BlackRock Records Zero Inflow for First Time Amid $121M Outflows The Bitcoin spot exchange-traded fund (ETF) market witnessed significant outflow on Wednesday, April 24. According to the SoSoValue, the total net outflow reached $121 million, while Grayscale Bitcoin Trust ETF (GBTC) experienced a substantial net outflow of $130 million as usual.
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The Wall Street giant opened up bitcoin ETF purchases after they had been approved earlier this year. However, this was done only on an unsolicited basis. The bank is now looking to let its brokers pitch bitcoin ETFs directly to its customers, the report added. Source
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Proceeds will go to fund the development of Bitcoin layer-2 lightning startup Tirrel Corp. Source
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Venice, the historic Italian city known for its canals, would like to draw a balance between its residents who live there and help to keep the place running and its visitors, an important source of economic revenue but increasingly also a burden on social services and the livability of the
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The tax authorities of Australia and Indonesia have signed a memorandum of understanding to share information on cryptocurrency. Under this agreement, both entities will exchange data on crypto assets and share knowledge to ensure adherence to tax obligations. Agreement Underscores Two Countries’ Willingness to Adopt The Australian Taxation Office (ATO)
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The NFT lending market hit a record $2.13 billion in Q1, up 43.6% quarter-over-quarter, with five of six top platforms seeing increased volumes. The lending market of non-fungible tokens (NFTs) has witnessed its leaders solidifying their positions, with the total NFT lending volume surging to a quarterly high of $2.13 billion
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Elon Musk’s electric car company, Tesla, has maintained its bitcoin holdings. The company’s Q1 balance sheet shows net digital assets of $184 million. According to crypto analytics firm Arkham, Tesla continues to hold onto its 11,509 bitcoins, which have a market value of over $745 million. Tesla Holding Onto Its
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Crypto analysts are sounding the alarm on Dogecoin as a classic chart pattern, known for predicting bearish trends, has emerged. Technical analyst
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According to a report from S&P Global Ratings, the introduction of the Lummis-Gillibrand Payment Stablecoin Act on April 17, 2024, promises to significantly reshape the U.S. stablecoin market. Authored by Mohamed Damak and Andrew O’Neill, the report outlines the potential for enhanced regulatory clarity and increased institutional adoption. S&P Global
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