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Grayscale's Bitcoin ETF Outflows Grayscale's spot bitcoin exchange-traded fund (ETF), known as GBTC, has experienced increased outflows since its recent update. Present data reveals that a substantial 14,292.18 bitcoin, valued slightly above $556 million, exited the fund after Monday's trading activities. Recent figures indicate a notable decrease in Grayscale's spot bitcoin ETF holdings, declining from […]

Jim Cramer Expects Further Bitcoin Price Drop Jim Cramer, the host of CNBC's Mad Money show, has reaffirmed his bearish outlook on the price of bitcoin, predicting that the cryptocurrency will continue to struggle in the midst of a plummeting crypto market. Cramer, a former hedge fund manager and co-founder of Thestreet.com, took to social

Introduction Core DAO, the foundation supporting Core Chain protocol, has recently announced the launch of a $5 million fund. The fund aims to provide resources and networks to support African Web3 builders. With a significant portion of Core DAO's community based in Africa, the foundation believes it is crucial to support the continent's Web3 builders.

Insufficient Resources and Personnel According to a recent blog post by the Atlantic Council, the U.S. Federal Reserve is falling behind its counterparts in developing a central bank digital currency (CBDC). The post highlights the lack of resources and personnel dedicated to CBDC development and innovation at the Federal Reserve. In comparison, the Bank of

Introduction Bitcoin, the leading digital currency by market cap, showcased nuanced market dynamics on Jan. 29, 2024. This article aims to analyze the various technical indicators and moving averages to provide insights into the current state of the Bitcoin market. By understanding these signals, traders can make informed decisions and develop strategies to optimize their

OFAC Revokes License for Minerven's Gold Operations in International Markets The Office of Foreign Assets Control (OFAC) has revoked the license of Minerven, the Venezuela-owned gold company, for engaging in gold transactions in international markets. The sanctions on Minerven, which were previously eased in October, will be reinstated on February 13. Additionally, oil and gas

The Securities and Futures Commission (SFC) in Hong Kong has issued a reminder to cryptocurrency investors in the region to only use or trade on approved virtual asset trading platforms (VATP). In a statement released on February 5, 2024, the SFC emphasized the importance of verifying a VATP's regulatory status before engaging in any transactions.

Rapid Rise in Inflows Blackrock's Ishares Bitcoin Trust (IBIT) has quickly climbed the ranks of the exchange-traded funds (ETFs) market, securing a position among the top five in terms of 2024 inflows in just 17 days. This remarkable achievement highlights the increasing investor interest in cryptocurrency as a legitimate asset class. Impressive Performance Within a

The Demand for Gold in 2023 In 2023, the demand for gold reached its highest level on record at 4,899t. This surge in demand is not surprising, as gold has proven to be a reliable portfolio preserver during times of economic, geopolitical, and financial turmoil. Given the current state of affairs, it is no wonder

Bitcoin continues to exhibit resilience in the face of market fluctuations, with its price settling at $42,902 to $43,091 in the last hour. This represents a modest uptick of 0.4% in the past 24 hours. The growth of 0.7% this week and a 6.8% increase over the past two weeks highlight the ongoing range-bound dynamics