Cryptocurrency Analysis and News Portal
Bitcoin-focused funds suffered the most, losing $132 million last week, the highest so far this year. Since the start of April, bitcoin funds have suffered a cumulative $310 million of redemptions, though for 2022 to date the funds are still sitting on a cumulative $120 million of net inflows. Original Source
Read More
The Australian Securities Exchange (ASX) has announced its highly anticipated AU$250 million (US$187 million) blockchain project has been delayed for release until late 2023 at the earliest. See related article: Australian Securities Exchange to launch crypto-related ETF Fast facts CHESS, or Clearing House Electronic Subregister System, was initially slated for a blockchain upgrade
Read More
Some $75 million went into digital-asset funds last week as ether funds saw their first inflows in 10 weeks. Source
Read More
MicroStrategy said it bought 7,002 bitcoins for about $414 million in cash during its fiscal fourth quarter.The company bought bitcoins during the quarter for an average price of about $59,000, it said in a statement.The largest crypto currency by market capitalization was trading around $57,326 on Monday.MicroStrategy now holds 121,044
Read More
Binance has registered a fourth legal entity in Ireland, according to a report by the Irish Independent.After years of decentralized operations, Binance is set to settle down on a global head office to ease compliance woes. Changpeng “CZ” Zhao, founder and CEO of the world’s largest crypto exchange, said on
Read More
One-quarter of surveyed global fund managers expect the price of bitcoin to surpass $75,000 in 12 months, according to a Bank of America survey of global fund managers seen by CoinDesk.A quarter of fund managers expect the price of bitcoin to be over $75,000 in one year, compared with 20%
Read More
The Solana (SOL) ecosystem continues to see huge growth in the market. SOL price touched another record high on Sunday, November 7, as it reached $260.06. Its price is up by almost 17,500% YTD – from $1.51. SOL surpassed Cardano (ADA) and Tether (USDT) to become the fourth-largest cryptocurrency with
Read More
“We have been working closely with the [U.S. Securities and Exchange Commission] since before we publicly announced the transaction and continue to do so,” eToro said. “We are in the final stages of comments from the SEC. Once we have final approval, the transaction goes to a vote with the
Read More
Alternative financial services firm, Valkyrie Digital Assets, has become the latest company to file for a Bitcoin exchange-traded fund (ETF) offering indirect exposure to BTC via cash-settled futures contracts.According to a draft prospectus dated August 11, the Bitcoin futures contracts will be purchased via a Cayman Island-based subsidiary wholly owned
Read More