Author: Chris Smith
Swiss Bank ZKB Starts Offering Bitcoin and Ether Trading
Reading Time: < 1 minuteZurich Cantonal Bank, one of Switzerland’s largest banks, has started to offer cryptocurrency trading to its customers
Market Update September 4
Reading Time: < 1 minuteOver the past 24 hours, the crypto market has seen some significant price movements.
Bitcoin ETFs’ Daily Net Outflows Reach $287M
Reading Time: < 1 minuteBitcoin ETFs listed in the US on Monday experienced a tough day as concerns about economic growth and a drop in Nvidia’s stock (NVDA) caused a decline in market sentiment.
Hackers Steal $27M from Penpie Protocol
Reading Time: < 1 minuteOn Sept. 3, 2024, The Penpie Protocol, a decentralized finance platform built on top of Pendle, fell victim to an exploit and lost $27 million of client funds as of the time of writing.
Market Update September 3
Reading Time: < 1 minuteSome of the top cryptocurrencies yesterday saw positive gains while others experienced minor dips. Bitcoin saw a 2.83% increase in price, bringing it to $59,044.74.
South Korean Firms SK and Hana Join Forces with BitGo
Reading Time: < 1 minuteDigital asset custody company BitGo has announced the addition of South Korea’s top telecommunications company SK Telecom and leading financial institution Hana Financial as major shareholders and strategic partners of its regional branch.
Market Update September 2
Reading Time: < 1 minuteThe cryptocurrency market experienced a slight downturn yesterday, with Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization, both declining.
Cardano Activates its Chang Hard Fork
Reading Time: < 1 minuteThe highly anticipated “Chang” upgrade for Cardano, a layer-1 blockchain created in 2017 by Charles Hoskinson, co-founder of Ethereum, was activated on Sunday.
OKX Receives a License in Singapore
Reading Time: < 1 minuteOKX has announced that its Singapore branch, OKX SG, has successfully obtained a Major Payment Institution license from the Monetary Authority of Singapore.
Market Update August 30
Reading Time: < 1 minuteThe cryptocurrency market has seen some notable price movements over the past week, with the two major players Bitcoin and Ethereum experiencing dips in their prices.
Nayib Bukele: Bitcoin Adoption in El Salvador Was Not As We Expected
Reading Time: < 1 minuteNayib Bukele, the president of El Salvador who introduced the bill to make Bitcoin a legal tender in the nation, has stated that the results of this monetary experiment have been a mix of positive and negative.
BlackRock’s Bitcoin ETF Registers Second Outflows Since January
Reading Time: < 1 minuteBlackRock’s Bitcoin ETF yesterday experienced its second day of outflows since it launched in January.
Market Update August 29
Reading Time: < 1 minuteCrypto markets have been on the move over the past day, with some major coins seeing significant price gains.
Spot Ethereum ETFs Post Inflows Again
Reading Time: < 1 minuteNine Ethereum exchange-traded funds in the US saw a combined inflow of $5.84 million on Wednesday, ending a streak of nine consecutive days of outflows.
Market Update August 28
Reading Time: < 1 minuteBitcoin, the largest cryptocurrency by market capitalization, has lost 5.80% of its value and is currently trading at $59,208.27.
Australian Federal Police: Australian Users Lose $122M Due to Crypto Scams
Reading Time: < 1 minuteReports of cryptocurrency-related scams in Australia have increased from 19 in 2017 to over 1,800 in 2019 and 2020 combined.
Market Update August 27
Reading Time: < 1 minuteThe world of cryptocurrency has been experiencing some choppy waters over the past day, as price movements for the top cryptocurrencies have been volatile.
Stablecoin’s Market Cap Reaches New Record Level
Reading Time: < 1 minuteThe total market capitalization of stablecoins, not including algorithmic ones, reached an all-time high this past weekend.
BlackRock Bitcoin ETF Records Biggest Inflow in Over a Month
Reading Time: < 1 minuteAccording to data from Farside Investors, the iShares Bitcoin Trust ETF (IBIT) saw its largest daily net inflow in the past 35 days on Monday, August 26.
Market Update August 26
Reading Time: < 1 minuteThe past 24 hours have been filled with various price movements and fluctuations.
US Court Denies Kraken’s Motion to Dismiss SEC Lawsuit
Reading Time: < 1 minuteThe Federal Court for the Northern District of California has rejected a request to dismiss a lawsuit brought by the US Securities and Exchange Commission (SEC) against Kraken.
Market Update August 23
Reading Time: < 1 minuteThe two biggest players, Bitcoin and Ethereum, have both experienced small increases in value, while the market as a whole has also gone up in terms of overall market cap.
Inflows into Crypto Exchanges Have Decreased This Month: Opinion
Reading Time: < 1 minuteThe transfer of Bitcoin from the Mt. Gox bankruptcy estate and concerns about a potential US government selloff have both contributed to a decrease in Bitcoin exchange inflows since early August.
Market Update August 22
Reading Time: < 1 minuteThe cryptocurrency market experienced a modest uptick over the past day, with Bitcoin and Ethereum leading the charge.
Mercado Libre to Release a Stablecoin Backed by the USD
Reading Time: < 1 minuteMercado Pago announced on Wednesday that it will launch a stablecoin in Brazil that is tied to the value of the US dollar.
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