Cryptocurrency Analysis and News Portal
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Lately, there has been a lot of uncertainty around regulations which has negatively impacted the cryptocurrency market. As a result, ethereum (ETH), the top alternative cryptocurrency, has decreased in value and fallen below the $1,750 threshold.
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In an interview with Bloomberg, ARK Invest CEO and CIO Cathie Wood recently discussed why her flagship fund, Ark Innovation (ARKK), is adding to its position in shares of Coinbase (COIN) after the SEC sued Binance, one of Coinbase’s biggest competitors. ARKK purchased nearly 330,00 shares of COIN on June
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Ether, the second largest crypto in market value, was similarly sluggish to recently change hands at about $1,655, also about flat from Wednesday, same time. Similar to BTC, ETH hit a three-month low on Wednesday. Meanwhile, Tether’s USDT stablecoin deviated from its $1 dollar peg early Thursday (ET) amid a
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Decentralized finance (DeFi) platform EigenLayer had its first-ever restaking smart contracts reach their maximum limits on Wednesday, the same day the much-hyped protocol was deployed on the Ethereum mainnet. The contracts, which allow people to “restake” ether (ETH) and use it to secure other platforms, drew in 9,600 tokens worth
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USDT balances on Curve’s popular 3pool, a stablecoin swapping pool made up of USDT, USDC, and DAI, rose to over 72% early on Thursday – suggesting traders had exchanged tens of millions of USDT in favor of stablecoins USD coin (USDC) and dai (DAI). Source
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On June 12, European cryptocurrency investment firm CoinShares published its latest weekly “Digital Asset Fund Flows Report,” revealing that cryptocurrency investment products experienced outflows of $88 million last week. The substantial drawdown added to the ongoing eight-week streak of outflows, which now total $417 million. Analysts at CoinShares have attributed this ongoing trend
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The final weeks of 2022 were characterized by volatility and uncertainty in the crypto market. According to forecasts, the first quarter of 2023 was expected to be weak, potentially leading to further losses. However, contrary to expectations, the first three months of 2023 saw crypto assets recover. During this period, bitcoin
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Stablecoin issuer Tether announced on May 31 that it is expanding its presence in the Republic of Georgia through a strategic investment in CityPay.io, a payment processing company that operates across more than 600 locations in the country.Tether expands its presence in Georgia We have invested in https://t.co/14g9wt7PCC, a leading local payment
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"In total, Coinbase One has a presence in 35 countries (predominantly in Europe) - in these other countries Coinbase One is rolling out to full availability in the coming months, and we plan to expand to additional markets internationally," the email added. Source
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On May 15, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Report,” which revealed that digital asset investment products experienced another week of consecutive outflows, with a total of $54 million exiting the market. This brings “the total outflow to US$200m, representing 0.6% of total assets
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