QCP Capital refuted claims of Mt.Gox sell-off, instead predicting that the Bitcoin bull run is imminent, with multiple factors likely boosting crypto markets. A Wednesday, May 28 publication by trading firm QCP…
Category: Crypto Adoption
Crypto Regulations in Argentina: Everything You Need to Know
Over the past few years, Argentina has grown to become a prominent player in crypto, attracting hundreds of blockchain-based businesses. Chainalysis data shows that the South American country has witnessed massive crypto…
JPMorgan Reports Bitcoin Downtrend Momentum Subsides as GBTC Profit-taking Concludes
Analysts from American investment bank JPMorgan project the downtrend momentum experienced by Bitcoin to slow as investors conclude the GBTC profit taking. The analysts observed that profit-taking decisions by investors within the…
Crypto.com Reports Global Crypto User Base Surged Above 500M Individuals in 2023
Crypto.com, in its recent publication, reveals that the global crypto user count grew to 580 million individuals last year. The market sizing report indicates that over half a billion individuals became crypto…
Treasury Officials Urge US Policymakers Action to Avert Repeat Crypto Crisis
The US Treasury official tasked the US lawmakers to expedite crypto regulation to avoid a repeat crisis. Citing past experiences in the financial crisis, the Treasury’s Assistant Secretary for Financial Institutions, Graham…
CoinShares Reports Crypto Products Suffer $424M Net Outflows as Investors Shuffle Funds
CoinShares’ report reveals that crypto investment products have suffered $424M outflows since Monday. The report indicated that funds led by Grayscale’s GBTC and ProShares Bitcoin Strategy ETF (BITO) suffered the greatest outflows…
Morgan Stanley Warns Bitcoin’s Exceptional Growth and CBDCs Threaten US Dollar
Morgan Stanley executive heading digital assets Andrew Peel is warning of a likely paradigm shift in perception. The crypto head at the Manhattan-based investment bank considers that growth in digital assets usage…
CoinShares Leverages Option to Acquire US Bitcoin ETF Issuer Valkyrie
CoinShares have confirmed tapping the opportunity to purchase Valkyrie’s crypto unit to trigger the option earlier secured in November last year. CoinShares confirmed it would exercise the option following the US Securities…
Vanguard Users Threaten Exit Alleging Decision Denying Spot Bitcoin ETFs
Users of the Vanguard platform threaten to shut down accounts following the firm’s decision to block the capability to buy the spot Bitcoin Exchange-traded funds (ETF). Users lamented that the Spot Bitcoin…
SEC Approves Bitcoin ETFs in Historic Action
The US Securities and Exchange Commission (SEC) approved the applications for spot Bitcoin ETFs, ending the decade-long wait dominated by multiple rejections. The Gary Gensler-led regulator ended the wait by allowing spot…
Ethereum Users Lured by Solana’s LFG Token with Another Airdrop And Grants Initiative
Solana’s ‘Less Fn Gas’ airdropped LFG tokens to those who utilized more than $4,269 in gas over the past year. It does not intend to slow yet. Earlier in the week, ‘Less…