Blockchain & crypto news from India
The launch of spot Bitcoin exchange-traded funds (ETFs) in the United States was a highly-anticipated event in the world of cryptocurrency. Following their introduction, many investors were eager to see how these ETFs would perform in the market. However, replicating the success of these ETFs has proved to be a challenge, as Hong Kong’s new…
On April 25, Bitcoin’s value fell below $62,000 as a result of the release of “stagflationary” macro data in the United States. This data caused market unrest, and when Wall Street opened, investors were greeted with troubled sentiment. The US Q1 gross domestic product (GDP) came in significantly lower than expected at 1.6%, which added…
The regulatory authorities in Hong Kong have recently approved the use of spot exchange-traded funds (ETFs) for the popular cryptocurrencies Bitcoin and Ether. This means that at least three local issuers have been granted regulatory approval to offer ETFs that track the price of these two digital assets. This is a significant development in the…
The Bitcoin price experiences a significant sell-off as today’s downward movement results in the liquidation of numerous BTC and altcoin traders who were caught off guard. Although the decline began early on Friday, it intensified around noon ET, transforming small losses into double-digit declines for numerous cryptocurrencies The price of Bitcoin saw a sudden downturn…
Bitcoin mining difficulty has recently undergone another adjustment, hitting a new all-time high of 86.4 trillion, according to data from BTC.com. Bitcoin mining difficulty refers to the level of computational difficulty that is required in order to mine a new block of Bitcoin transactions. This difficulty level is adjusted every two weeks to ensure that…
Deutsche Bank’s latest survey on Bitcoin has revealed a noteworthy shift in consumer sentiment towards the world’s leading cryptocurrency. While the survey results show that skepticism among consumers has decreased slightly, it still remains a cause for concern. Interestingly, the survey found that less than one-third of the respondents believe that Bitcoin’s price will experience…
The financial authorities in South Korea have announced their intention to introduce new guidelines that aim to impose stricter regulations for token listings on centralized cryptocurrency exchanges. These guidelines are expected to be unveiled by the end of April or the beginning of May, and are aimed at ensuring a safer and more secure environment…
During the current crypto bull market, the value of the top cryptocurrency exchange insurance funds has increased by over $1 billion. To be specific, the balances of Bitcoin, BNB, Tether, and TrueUSD (TUSD) that make up Binance’s Secure Asset Fund for Users (SAFU) have exceeded $2.03 billion as of April 3. This marks a significant…
In the last week, there has been a significant increase in the amount of digital assets flowing into cryptocurrency investment products. The net inflow of funds for this period was $862 million, which is a stark contrast to the previous week where there were net outflows of $931 million. This shift in trend indicates a…
On March 29, the Bitcoin market witnessed the most significant quarterly expiration event of Bitcoin futures options in its history. Despite this, the Bitcoin price managed to hold steady above the $69,000 mark, which is impressive. This indicates that the market remains confident in the future of Bitcoin, despite the high level of activity and…