Cryptocurrency Analysis and News Portal
Key takeaways:Onchain metrics suggest retail investors are asleep, but the ETFs’ AUM is growingRetail investors hold the majority of spot Bitcoin ETF shares—either directly or indirectly through investment advisers and hedge funds acting on their behalf.Direct retail investor demand may be dormant but not dead, especially outside the US, where
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Turkey’s Capital Markets Board, the country’s financial regulator, announced it had blocked access to websites “providing unauthorized crypto asset services.”In a Thursday notice, the Capital Markets Board said it had taken legal action against 46 websites, including decentralized exchange PancakeSwap and Cryptoradar, in a crackdown on crypto services offered to
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US Senator Cynthia Lummis submitted a draft bill on Thursday proposing to exempt certain crypto transactions from taxation and defer taxes on mining and staking rewards until the underlying tokens are sold.“My legislation ensures Americans can participate in the digital economy without inadvertent tax violations,” said Lummis.The senator’s draft bill
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Key takeaways:DOGE formed a double bottom and broke through the lower time frame trendline, signaling a possible move to $0.25.Memecoins have been the best-performing narrative sector over the past 90 days. Dogecoin (DOGE) is trading near $0.17, staging a modest rebound after fluctuating between $0.13 and $0.25 since February. Despite
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DeFi protocol Ondo Finance has completed the acquisition of Oasis Pro, an infrastructure provider for real-world assets (RWAs), in a move the company said would strengthen its tokenized security offerings in the United States. Oasis Pro is a broker-dealer, Alternative Trading System (ATS) and Transfer Agent (TA) registered with the US
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The Bank of Canada took a significant step in exploring the technical feasibility of a digital Canadian dollar, proposing a specific system designed for a retail central bank digital currency (CBDC) focused on simple, everyday payments, according to a new research paper. The central bank’s research team examined OpenCBDC
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How ChatGPT helps analyze Bitcoin trends
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Cosmos' ATOM token slumped by 4% in the past 24 hours as Thursday's short-lived crypto rally came to a halt on Friday.Market volatility has been lower on Friday, in part due to the nation July 4th holiday in the U.S.Bitcoin attempted to form a new record high on Thursday but
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How Australian authorities uncovered a $123-million crypto fraud
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FTX’s bankruptcy estate has raised concerns over payouts to creditors in countries with ambiguous or restrictive cryptocurrency regulations.On Wednesday, the FTX estate filed a motion with the US Bankruptcy Court for the District of Delaware, seeking authorization for the FTX Recovery Trust to freeze distributions to creditors in “potentially restricted
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