Author: News Room
Bitcoin Cash (BCH) is experiencing a surge in trading activity and open interest ahead of its second halving event set for April 4, with open interest in futures perpetual contracts reaching a record high of $708 million, an increase from the previous peak in May 2021. The increase in open interest and trading activity is […] Read the full article here
On March 28, Into The Cryptoverse CEO Benjamin Cowen postulated whether the current Bitcoin market cycle is normal or a “left-translated” one, where the peak occurs earlier than usual. Bitcoin has already notched up a new all-time high and it is still three weeks to go until the halving. This has introduced the possibility of this cycle peak coming much earlier than previous ones, which happened in the year following the halving event. Fed Rate Cut Influence If Bitcoin markets pull back after any Federal Reserve rate cuts, it could put it back on track with prior cycles, potentially peaking…
On March 28, The ARK 21Shares Bitcoin ETF witnessed an unprecedented $243.5 million in investments, marking a significant uptick over five times its usual daily intake, as Bitcoin neared the $72,000 threshold. According to early insights from Farside Investors, the inflow on March 27 into the ARK 21Shares Bitcoin ETF surged to four times its average daily inflow of $43.9 million since its debut on January 11. This influx almost tripled the previous day’s $73.6 million, significantly outpacing the lack of inflow scenario on March 25. Bitcoin ETF flow table | Source: Farside Investors Meanwhile, Blackrock’s Bitcoin ETF (IBIT) saw…
Horizen, a prominent player in the blockchain space, has achieved a major milestone with the deployment of the testnet of its proof verification chain. This advancement represents a significant step forward in redefining blockchain efficiency through innovative technologies such as ZK proof verification and settlement layers. Horizen’s proof verification chain The introduction of Horizen’s proof verification chain on testnet marks a groundbreaking development in the realm of blockchain technology. It is the first of its kind in the web3 space. At its core lies a revamped mainchain powered by Substrate, providing a robust foundation for the network’s operations. The proof…
HashKey Exchange has formed a strategic partnership with Victory Securities to enhance virtual asset services in Hong Kong. In an official announcement made by HashKey, the exchange has entered a collaboration with the Hong Kong Securities and Futures Commission (SFC) licensed investment management firm Victory Securities on March 28. HashKey to Enhance Digital Asset Services The collaboration focuses on enhancing virtual asset trading and custody services to meet investors’ growing demand. Victory Securities, notable for being the first in Hong Kong to receive SFC licensing for virtual asset services, contributes regulatory expertise to the partnership. HashKey Exchange, through this collaboration,…
While the broader cryptocurrency market has been relatively flat, meme coins have been on a tear, with Dogwifhat leading the pack. The most popular Solana memecoin reached a new all-time high earlier today. Dogwifhat is a relatively new meme coin launched on the Solana ecosystem in November of last year. Despite being a newcomer, it has made a name for itself in the highly competitive meme coin space. Today, the coin started at $3.21, traded sideways until about 9am ET, then suddenly started to spike, reaching an ATH of $3.90 at around 4:30pm ET. It’s trading at $3.81 as of…
Today marks a critical juncture for the cryptocurrency industry as disgraced former crypto tycoon Sam Bankman-Fried faces sentencing on multiple fraud charges. Disgraced king of crypto Once hailed as the “King of Crypto” and the visionary leader behind the multi-billion-dollar company FTX, Bankman-Fried now stares down the possibility of up to 110 years in prison, a staggering fall from grace for the 32-year-old entrepreneur. The rise and fall of Sam Bankman-Fried The trajectory of Bankman-Fried’s rise and fall encapsulates the volatile nature of the crypto market and underscores the importance of transparency and accountability in the industry. Just four months…
Nakamoto Games announces three major game releases, igniting excitement in the gaming community. Galactic Grail, Dawn of the Damned, and DUO are set to revolutionize the gaming experience. Nakamoto Games leads innovation in Web3 Gaming with triple game launch. In an electrifying announcement, Nakamoto Games is set to debut three major releases in the coming weeks, marking a significant stride in their journey within the gaming industry. The excitement begins with the highly anticipated launch of Galactic Grail, an AAA Collectible Card Game, slated for release on April 1st, promising to redefine the genre with its innovative gameplay and immersive…
On 28 March 2024, the U.S. Department of Justice (DOJ) announced that Samuel Bankman-Fried (aka “SBF”), a co-founder of the cryptocurrency exchange FTX and the trading firm Alameda Research, had been sentenced to 25 years in prison. The sentence, delivered by U.S. District Judge Lewis A. Kaplan, also includes three years of supervised release and an order for Bankman-Fried to pay $11 billion in forfeiture. The DOJ’s announcement elaborates on SBF’s misdeeds, detailing how he misappropriated billions of dollars of customer funds deposited with FTX. Furthermore, according to the DOJ, he defrauded investors in FTX of more than $1.7 billion…
SWIFT, the network that provides the messaging system for cross-border banking settlements, has announced plans to launch a CBDC equivalent of its current network in the next two years. The organization recently completed a 6-month test to assess the viability of such a development, which included the participation of 38 institutions, including central banks and […] Read the full article here