Bitcoin’s price retreated close to $61,000 on April 17, signaling weaker demand at elevated levels. Based on data from Farside Investors, Bitcoin-backed exchange-traded funds (ETFs) experienced net withdrawals on April 12 and 15. As per Ki Young Ju, the CEO of CryptoQuant, the desire for Bitcoin ETFs has shown little growth over the past month. … Read more
Recently, Jeffrey Edell, the chairman and CEO of MeWe, wrote an opinion piece arguing that the contentious issue between the US administration and China’s TikTok could be resolved by employing blockchain technology. Edell leads a social media platform believed to have over 20 million users, which has successfully transitioned from the conventional web2 environment to … Read more
Ethereum whale sends 5,000 ETH to an exchange. Spot ETF approval is yet to impact the ETH price trend. A large-scale Ethereum (ETH) investor moved approximately $15 million in assets to an exchange following the announcement of potential ETF approvals in Hong Kong. Has the whale’s transfer affected the price, and has the ETF approval … Read more
Hi there! In this week’s edition of CryptoMoon’s newsletter, we’re bringing you the freshest scoops on nonfungible tokens. Dive in to stay informed about the newest developments and discover captivating perspectives on NFT trends and innovations. Each Wednesday, the Nifty Newsletter serves up valuable insights for those eager to explore the ever-evolving world of NFTs. … Read more
The Deutsche Bundesbank, Germany’s central bank, has partnered with MIT’s Digital Currency Initiative (DCI) to explore central bank digital currencies (CBDC). At the project’s unveiling, Joachim Nagel, its president, discussed the upcoming hurdles for a digital euro. At MIT, Nagel explained to students that the collaborative project aims to develop safety and confidentiality features for … Read more
Kraken, the cryptocurrency exchange, has introduced a self-storage digital asset wallet of their own. This move mimics the actions of other major exchanges such as Binance, OKX, Coinbase, Bitget, and Bybit. Regardless of whether you’re a Kraken customer or not, you can utilize the multichain Kraken Wallet as your connection to the decentralized financial marketplace. … Read more