A recent report from SoSoValue shows significant movements in the Bitcoin exchange-traded funds (ETFs) market, mainly focusing on the outflows observed in Grayscale’s Bitcoin Trust (GBTC) and the broader net outflow of $58.03 million from Bitcoin spot ETFs. The data highlights the dominance of outflows, with GBTC alone experiencing a net outflow of $79.38 million, contributing to...
UK Member of Parliament (MP) Lisa Cameron called for increased digital training regarding Web3, AI, and blockchain technology in a debate Tuesday, to increase the country’s “necessary talent pipeline” and bolster the UK crypto economy. During the debate, Cameron argued that the UK needs to “level up” if it wants to be a superpower across...
Pavel Durov, founder of the encrypted instant messaging app Telegram, believes that growing government surveillance will drive innovation in secure communication, modeled on cryptocurrency hardware wallets. During an interview with Tucker Carlson, Durov expressed concern about government pressure on digital communication platforms such as Telegram, saying he prefers to “avoid big geopolitical powers” like China...
The Security Alliance (SEAL), a team of white-hat hackers, has bolstered its efforts to secure the crypto space by launching SEAL-ISAC, a threat-sharing platform. On April 17, Paradigm’s white-hat hacker and head of security, Samczsun, announced the launch of SEAL-Org’s latest initiative. SEAL ISAC: A Collaborative Approach to Crypto Security SEAL-ISAC is a free platform...
The Reserve Bank of New Zealand (RBNZ) has begun its public consultation on “Digital Cash,” a proposed central bank digital currency (CBDC), as disclosed in a consultation paper released by the central bank on April 17. The consultation is in its second stage and will last 101 days, between April 17 and July 26. After...
Authorities in Cyprus delivered a blow to the remnants of the collapsed FTX cryptocurrency empire on April 16. The Cyprus Securities and Exchange Commission (CySEC) officially announced an extension of the suspension on FTX Europe’s operating license, barring the firm from providing any services until September 2024. CySEC Directive Requires FTX Europe to Fulfill Obligations...
On April 17, blockchain investigator Lookonchain revealed a large transfer of USDT to Binance by Tron Founder Justin Sun. This move follows a pattern of USDT deposits to Binance and ongoing Ether acquisitions by Sun. Justin Sun Continues Whale Deposits of Tether’s USDT Lookonchain’s post on X detailed the transfer of $196 million worth of...
Emerging stablecoin Ethena (USDe) poses unique risks for holders compared to other dollar-denominated tokens, argued CryptoQuant in a new report on the matter. The Unique Risks Of Ethena (USDe) Boasting a market cap of over $2.3 billion today, Ethena emerged in late February and quickly became the fastest-growing stablecoin in history. One of its most...
PAXG reached an all-time high of $2,855 on April 13 amid the ongoing conflict in the Middle East following the missile and drone attack. PAXG’s price performance over the weekend has led to questions about Bitcoin’s value as a geopolitical hedge. While the PAXG token climbed to its all-time highs, Bitcoin’s price plummeted from $67,140...
Popular Bitcoin critic Peter Schiff predicted on April 14 a potential slump in BTC’s price to $20K. He also warned that Microstrategy, the largest corporate holder of Bitcoin, could potentially lose an estimated $2.7 billion if the price crashes. Peter Schiff disclosed his Bitcoin price prediction in an X post while stressing the importance of...