Blockchain & crypto news from India
On July 26th, there is a possibility that the price of Bitcoin could experience a decline, potentially dropping to around the $63,000 level. This potential drop is attributed to the expiration of a significant amount, over $3.9 billion worth, of Bitcoin futures options at 8:00 am UTC on Deribit, which is recognized as a leading…
In a historic development, exchange-traded funds (ETFs) for Bitcoin in the United States have achieved a remarkable milestone by accumulating a total of over $17 billion in inflows. The remarkable milestone achieved sets a new precedent and emphasizes the escalating interest and investment in Bitcoin within the ETF market. Based on the data tracked by…
Over the past few months, the cryptocurrency market has been marked by substantial fluctuations and uncertainty. Despite a recent increase, the market capitalization remains 14% below its peak in March. In June, the total market capitalization experienced a significant 11.4% downturn, described as “brutal” in a report by Binance Research. This decline coincided with the…
On the 18th of July, WazirX, the country’s biggest cryptocurrency exchange was hit with a devastating hack that resulted in the theft of more than $235 Million in digital assets. The exchange confirmed the attack in a statement on X, formerly known as Twitter. After the attack, several different market crypto executives have cautioned the investors…
Jack Booth, who serves as the marketing director for The Open Network (TON) Foundation, shared insights on the measures being implemented to secure TON’s Bitcoin bridge. This bridge will provide users with the capability to transfer their Bitcoin assets to TON, ensuring a seamless and secure transition. The TON Foundation made a significant announcement on…
On July 4, a report from blockchain analytics platform DappRadar revealed that in the second quarter, the number of users utilizing Web3 applications soared to an all-time high. The report indicated that there were approximately 10 million daily unique active wallets (dUAW) throughout the quarter, marking a substantial 40% surge from the first quarter and…
The inflows into digital asset investment products have set a remarkable new record, exceeding $17.8 billion year-to-date (YTD). This surge in investment suggests the potential beginning of a recovery in the cryptocurrency market. Notably, the recent record-breaking figure follows a substantial influx of $1.44 billion into cryptocurrency investment products in the last week. Based on…
The Loper Bright vs. Raimondo decision by the United States Supreme Court has the potential to have a far-reaching impact on the cryptocurrency industry. At its core, this decision could lead to a shift in the power dynamics between the judicial and executive branches of the US government. In a 6–3 decision, US courts are…
On July 5th, the Bitcoin mining difficulty experienced a significant decrease of over 5%, hitting a quarterly low of 79.50 terahashes (79.5T). This reduction represents the most substantial drop since March, when the difficulty briefly dipped below the 80T mark. During the period between March and May, the difficulty showed a remarkable increase, reaching an…
The governments of Germany and the United States have become the focus of public attention following their recent actions involving cryptocurrency holdings. Specifically, the German government has conducted substantial transfers involving Bitcoin, while the U.S. government has initiated the movement of Ether from funds that were seized. These actions have sparked interest and scrutiny within…