Author: News Room
Cryptocurrency investment products saw outflows totaling $942 million over the past week, after seven weeks of inflows that totaled more than $12 billion amid “hesitancy” among investors that came as a result of a recent cryptocurrency market correction. According to CoinShares’ Digital Asset Fund Flows report, trading volumes in exchange-traded products (ETPs) remained high over the past week at $28 billion, a figure that represents two-thirds of the volumes seen in the prior week, after a price correction saw the total assets under management of these products drop by $10 billion to $88 billion. The report notably details that Bitcoin-focused…
The US Treasury’s Office of Foreign Assets Control (OFAC) has broadened its sanctions, targeting individuals and entities within Russia’s financial and technology sectors. This action impacts thirteen entities and two individuals. They are involved with virtual assets that could bypass US sanctions. Notably, five of these entities are linked to individuals previously sanctioned by OFAC. Treasury Targets Firms Aiding Russian Sanctions Evasion These steps build on OFAC’s efforts from February 23, 2024. The aim is to cut off Russia’s access to vital financial infrastructure, thereby hindering its military actions against Ukraine. Under Secretary of the Treasury for Terrorism and Financial…
In a year where legal wagering on sports shattered previous records, the NCAA men’s and women’s basketball tournaments are the pinnacle of sports betting, with an estimated $2.7 billion expected to be wagered through legal channels. Crypto gambling offers fans the ability to pick their winners with crypto. March Madness Betting Increases, With $2.7 Billion […] Read the full article here
Digital assets manager CoinShares says institutions dumped a new weekly record of $942 million in crypto products last week. In its latest Digital Asset Fund Flows report, CoinShares says the new record outflow breaks a seven-week run of record-setting inflows. “Digital asset investment products saw record weekly outflows totaling US $942 million, the first outflow following a record 7-week run of inflows totaling US $12.3 billion.” According to CoinShares, market uncertainty has made investors more hesitant, as evidenced by lower inflows into exchange-traded funds. Grayscale led the outflows with over $2 billion leaving its products last week. “We believe the recent…
Best-selling finance author Robert Kiyosaki says he’s buying more than half a million dollars worth of Bitcoin (BTC) in the coming days. Kiyosaki tells his 2.5 million followers on the social media platform X that he’s going on a Bitcoin buying spree in anticipation of the April halving when miners’ rewards are slashed in half. He also expects Bitcoin to hit a six-figure price tag in the next few months. “I am buying 10 more Bitcoin before April. Why? The [‘halving.’] If you can’t afford a whole Bitcoin you may want to consider buying 1/10 of a coin, via the…
[PRESS RELEASE – Singapore, Singapore, March 26th, 2024] AIgentX, a revolutionary AI crypto project, is pleased to announce the forthcoming listing of its thriving token, $AIX, on MEXC on March 26, 2024, at 3 PM UTC. The ticker with which $AIX is lauching on MEXC is $AIGENTX. AigentX is an industry leader in Web3 technologies that provides cutting-edge products designed to optimize user interactions in the dynamic cryptocurrency ecosystem. “Our launch on MEXC marks a significant milestone for AIgentX, solidifying our position as a leader in building a world class AI services” said Vadim Slobodianiuk, CEO of AIgentX. “With $AIX at…
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, expects all cryptocurrencies, including bitcoin, to disappear someday. Anticipating bitcoin going to “zero,” he stressed: “I’m very skeptical of crypto. I don’t expect it to last … I do not see any long-term value in cryptocurrency.” Jim Rogers Remains Skeptical of Crypto Despite bitcoin’s recent price explosion that set a new all-time high, veteran investor Jim Rogers remains skeptical of the cryptocurrency and the broader crypto market. Rogers is George Soros’ former business partner who co-founded the Quantum Fund and Soros Fund Management. Rogers threw cold…
In a striking example of the unpredictable nature of the non-fungible token (NFT) market, a Bored Ape Yacht Club NFT previously owned by Kevin Hart, the acclaimed American comedian and actor, was sold for a fraction of its original purchase price. The event not only highlights the volatile investment landscape of digital assets but also serves as a cautionary tale for celebrities and investors alike who venture into the NFT space. Celebrity investments turn sour Kevin Hart’s engagement with the NFT world made waves in January 2022 when he acquired Bored Ape Yacht Club #9258, a digital asset featuring an…
Ankr, a well-known DeFi platform, has kicked off a new collaboration to increase its span. As per the company, the partnership with Prom (a zkEVM L2) focuses on enabling developers to develop on it for interconnected and scalable dApps. In addition to this, the respective endeavor would also permit the users to perform request calls. Moreover, they can also get information returns just like the results dealing with operating a completing node. 📢 Ankr is excited to announce a new addition to our RPC service: @Prom_io, a modular zkEVM Layer 2.Prom enables interoperability across various chains, including both EVM &…
Former U.S. president Donald Trump’s $454 million bond just got reduced to $175 million in an appeal. But the most prominent of the many meme coins using his likeness appeal to be cooling off following the news. As markets opened in New York, an Ethereum-based MAGA meme coin—one of many to use the TRUMP ticker—started to lose steam. Early Monday morning, it traded as low as $4.95 and saw a 5.5% drop in an hour. But at the time of writing, it’s trading for $5.09 and is down 11% after setting a 24-hour high of $5.74 overnight according to CoinGecko…