Blockchain & crypto news from India
The entity that holds the fifth-largest Bitcoin address, commonly referred to as “37X”, has recently made a significant transfer of over $6 billion worth of BTC. This transfer is noteworthy because it is the first time that this Bitcoin whale has moved its funds since 2019. According to reports, the transfer involved the movement of…
Users in India who are using the cryptocurrency exchange platform “OKx” have been advised by the company to withdraw all their funds from the platform as the company is shutting down its operations in India “due to local regulations”. The users were recently told by the platform to withdraw their funds by the end of…
Coinbase, a popular cryptocurrency exchange, has announced its intention to launch futures trading products for Dogecoin. According to Coinbase, the decision to offer futures trading for Dogecoin is based on the cryptocurrency’s “enduring popularity,” which suggests that it has gone beyond its meme origins to become a staple in the cryptocurrency industry. Dogecoin, which was…
Fidelity, a well-known player in the financial services industry, has plans to utilize a portion of Ether held within their proposed spot Ether exchange-traded fund (ETF) to offer investors an added source of income. This move is aimed at enhancing the returns for investors in the ETF. On March 18, Fidelity submitted a 19b-4 amendment…
On March 18, there was a significant movement of Bitcoin from the Grayscale spot Bitcoin exchange-traded fund (ETF). This was the largest outflow since the fund’s conversion to a spot ETF on Jan. 11. The outflows amounted to a whopping $640 million worth of Bitcoin. This event has garnered attention from the cryptocurrency community, as…
The Bitcoin halving is an event that occurs every four years, where the reward for mining new Bitcoin blocks is cut in half. This means that miners receive fewer Bitcoin for their efforts, and the total number of Bitcoin that can be mined is limited to 21 million. The halving is a crucial aspect of…
Binance, one of the leading cryptocurrency exchanges, has recently made an announcement that is sure to catch the attention of many in the crypto world. In an effort to maintain a fair and transparent trading environment, Binance has pledged to offer a substantial reward ranging from $100,000 to $5 million to anyone who can provide…
The prices of Bitcoin continued dropping on March 15 after days of rallying and reaching and even reaching an all-time high. The cryptocurrency market experienced its most significant decline of the year, with a 7% drop in market capitalization. Bitcoin (BTC) plummeted by 8% over the past 24 hours, erasing weekly gains and initiating a…
On March 12th, the exchange-traded funds (ETFs) for Bitcoin in the United States reached a remarkable milestone. For the first time ever, these funds managed to attract more than $1 billion in net inflows, indicating an increasing demand for Bitcoin investments. Investors have been showing a keen interest in Bitcoin ETFs, with daily inflows reaching…
Bitcoin, the world’s leading cryptocurrency, reached a new all-time high of $71,415 on March 11. This marks a significant milestone for the digital currency, which has been on a relentless upward trajectory in recent months. In the 24 hours leading up to 08:05 am UTC, the price of Bitcoin rose by 2.62%, demonstrating the strong…