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Chinese Investors Turn to Cryptocurrency Amidst National Stock Market Slump

Chinese Investors Seeking Profitability in Crypto Chinese investors are increasingly diversifying their investment portfolios by allocating a portion to cryptocurrency, driven by the current state of the national stock market. Despite the ban on purchasing and trading cryptocurrency in China since 2021, investors have managed to find ways to enter the crypto market and take […]

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SEC Delays Decisions on Spot Ethereum ETFs Proposed by Blackrock and Grayscale

The U.S. Securities and Exchange Commission (SEC) has postponed its decisions on the approval of spot ethereum exchange-traded funds (ETFs) proposed by Blackrock, the world's largest asset manager, and Grayscale Investments. Grayscale is seeking to convert its existing Ethereum Trust into a spot ETF. Delay in Spot Ethereum ETF Decisions This week, the SEC announced

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Bank of England and HM Treasury Respond to Concerns about Digital Pound

Introduction The Bank of England and HM Treasury have released their response to the public consultation on the potential introduction of a digital pound. Over 50,000 responses were received, highlighting the public's interest in the future of digital currency in the United Kingdom. Privacy and Control One of the key concerns raised by respondents was

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The Challenges of TrueUSD’s Stability as GHO Approaches the $0.99 Mark

TrueUSD's Fluctuations Below $1 TrueUSD (TUSD), currently the fifth-largest stablecoin by market capitalization, has been facing difficulties in maintaining its targeted $1 peg since January 15, 2024. On January 17, TUSD's value dropped to $0.9709 per unit, although it briefly recovered to the $0.99 mark the next day. As of 10:30 a.m. Eastern Time (ET)

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Crypto Lender Abra Settles with Texas Investors, Agrees to Return Assets

Abra to Refund Texas Investors in Settlement Over Unregistered Securities Offerings Crypto lender Abra has reached a settlement with the Texas State Securities Board (TSSB) following allegations of unregistered securities offerings. As part of the agreement, Abra will refund assets to Texan investors, with the opportunity for other U.S. clients to reclaim their investments. The

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The Avalanche Foundation Announces Requirements for Meme Coin Purchasing Program

Introduction The Avalanche Foundation, a non-profit organization dedicated to supporting the avalanche ecosystem, has recently revealed the criteria for participating in its meme coin purchasing program. With the aim of promoting the culture and community value of meme coins, the foundation has set specific requirements that projects must meet in order to be considered eligible

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Bitcoin Technical Analysis: Understanding BTC’s Market Behavior

Introduction The price of Bitcoin on January 24, 2024, displayed a complex pattern of market fluctuations and investor sentiment. The cryptocurrency demonstrated significant volatility, with prices ranging between $39,878 and $40,069 in the past hour and a broader range of $38,505 to $40,515 over the course of 24 hours. Bitcoin Market Overview Bitcoin currently boasts

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Arkham Reveals Onchain Addresses Linked to 4 Major Bitcoin ETFs, Boosting Market Transparency

Arkham, a firm specializing in onchain intelligence, has announced the discovery of four sets of connected addresses associated with four new spot bitcoin exchange-traded funds (ETFs). These addresses are reportedly linked to fund managers including Blackrock, Fidelity, Bitwise, and Franklin Templeton. 4 ETFs Identified Onchain According to a post by Arkham Intelligence on Tuesday, the

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