On Monday, unlike their ethereum counterparts, spot bitcoin exchange-traded funds (ETFs) witnessed outflows totaling $168.44 million. The primary contributors to this decline were three funds, with Grayscale’s GBTC taking the lead in outflows.
3 Leading Bitcoin ETFs Experience Major Outflows
Grayscale’s Bitcoin Trust (GBTC) experienced a significant outflow of $69.12 million, bringing its…
Binance Hit With $87 Million Tax Bill in India
August 7, 2024
Global crypto exchange Binance has received a goods and services tax (GST) bill of Rs 722 crore ($87 million) in India for non-compliance with the country’s tax regulations. This is the first instance of a cryptocurrency firm facing such scrutiny in India. A source claimed…
Coinshares, a digital asset investment firm, has reported a significant $528 million outflow from its crypto products last week, driven by growing recession fears. This substantial withdrawal reflects the heightened market uncertainty and investor caution amid economic…
Over the past 24 hours, as market values have declined significantly, many observers have begun discussing the current crypto market cycle and the potential for digital currency prices to recover. Data indicates that hundreds of billions of dollars have exited the crypto economy, but some believe a rebound similar to 2020 could still occur.
Onlookers Attempt to Guess Market Cycle’s Next Move
The…
Latam Insights Encore: El Salvador's Proposal Opens the Door for Crypto-Based International Settlements
August 6, 2024
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the recent proposal from El Salvador to settle their trade transactions with Russia using crypto, and how…
French Regulator Begins Accepting Crypto Service Provider Applications Ahead of MiCA Regulation
August 6, 2024
The French financial regulatory authority has begun accepting applications for authorization as a crypto asset service provider under the European Markets in Crypto-Assets (MiCA) Regulation, ahead of its implementation in December 2024. This regulation mandates prior…
US Spot Ethereum ETFs Record $77.21M Outflow
August 2, 2024
On Wednesday, U.S.-based spot ethereum exchange-traded funds (ETFs) experienced a day of outflows, with $77.21 million withdrawn from the funds. While six ETFs reported inflows, Grayscale’s Ethereum Trust (ETHE) saw a substantial reduction of $133.33 million.
Over $77 Million Withdrawn From U.S. Spot Ethereum ETFs
The nine spot ether ETFs collectively recorded a trading volume of $472.5 million…
U.S. Senator Bill Hagerty has discussed former President Donald Trump’s bitcoin plan, which includes creating a national bitcoin stockpile. The lawmaker expects to see several legislative proposals beyond what Trump announced. He believes this move will establish…
California DMV Revolutionizes Vehicle Title Transfers With Avalanche Blockchain Integration
August 2, 2024
The California Department of Motor Vehicles (DMV) has successfully integrated 42 million car titles onto the Avalanche blockchain network, which uses the cryptocurrency AVAX as its native token. This innovative system, developed by Oxhead Alpha, enables users to transfer…
A new project is shaking things up in the crypto education space.
As its presale comes to an end, 99Bitcoins Token (99BTC) is primed to transform how we learn about the blockchain – all while offering crypto rewards.
99Bitcoins Token Transforms Crypto Education Through Learn-to-Earn
99Bitcoins has been a cornerstone of crypto education since 2013, long before most people even knew what Bitcoin…
