Uptober Hopes Fade as Crypto Market Dips
As October progresses, the anticipated surge in the cryptocurrency market dubbed ‘Uptober’ appears to be receding. Historically a month of optimism for digital assets, October has begun with a significant downturn, leaving many investors reassessing their positions. According to analytics…
Professional Investors Turn to Crypto Index Funds for Market Exposure
Cryptocurrency index investing is emerging as a strategic solution for managing the volatility of the digital asset market. By bundling multiple cryptocurrencies into a single investment vehicle, index funds allow investors to diversify risk and gain exposure without the complexities…
China Expands Cleantech Investments to Bypass US and EU Tariffs
In the wake of increasing tariffs imposed by the United States and the European Union, China has significantly ramped up its investments in cleantech projects abroad. According to a recent report from Climate Energy Finance (CEF), over $100 billion has…
Shiba Inu Stabilises After Strong Weekly Gains
Shiba Inu, the second-largest meme cryptocurrency, has recently exhibited a period of stability following an impressive surge. Over the past week, the digital asset has seen an increase of 26.4%, propelling its market capitalization above $10.8 billion. This notable performance…
Spot Bitcoin ETFs Attract $287.8 Million in Net Inflows
The world of cryptocurrency investment is witnessing a significant shift, particularly with spot Bitcoin exchange-traded funds (ETFs) in the United States. A striking net inflow of $287.8 million has been reported as investors show increasing confidence in these financial products,…
BNY Mellon Moves Closer to Offering Bitcoin and Ether Custody Services
BNY Mellon, one of the largest banks in the United States, is progressing towards providing custody services for Bitcoin and Ether exchange-traded funds (ETFs). This development comes in light of the favorable reassessment by the U.S. Securities and Exchange Commission…
Truflation Loses $5.2 Million in Malware Attack: A Wake-Up Call for Blockchain Security
In a shocking revelation, Truflation, a prominent blockchain-based inflation data platform, has confirmed that it fell prey to a malware attack, resulting in an estimated loss of up to $5.2 million. The attack, detected on September 25, raised significant concerns…
Binance Innovates with Pre-Market Token Trading
In an exciting development for the cryptocurrency market, Binance has launched a pre-market trading feature that allows users to trade tokens before they officially list on the spot market. This innovative service integrates with Binance’s Launchpool, enabling users to earn…
Surge in Bitcoin Millionaires as Cryptocurrency Sees Remarkable Growth in 2024
In a striking turn of events for the cryptocurrency world, Bitcoin is creating a new wave of millionaires. By the end of 2024, around 20,000 new millionaires have emerged from Bitcoin investments, increasing the total number of wallets holding at…
Digital Asset Funds Attract $321 Million in Inflows
Investor interest in digital currencies has intensified, as evidenced by recent data revealing that digital asset funds have amassed $321 million in inflows over the past week. This marks the second consecutive week of positive inflows, although the figure shows…