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…
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…
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…
While Bitcoin and other cryptocurrencies have been making waves for the last few years for their high returns (as well as volatility), a quieter player has emerged from the shadows of the computer hardware world to match Bitcoin. Nvidia however is already familiar to the crypto world for providing mining hardware. This time, its huge…
In recent findings, on-chain data revealed that the amount of active Bitcoin addresses has hit a historic low not seen since November 2010. Throughout June, the weekly active wallet ratio experienced a decline, hitting a low of 1.22% and peaking at 1.32%. Notably, the highest ratio for the month was last recorded in November 2010….
On June 25, United States-based spot Bitcoin exchange-traded funds (ETFs) experienced a significant turnaround following a week of consecutive net outflows. Data from SoSo Value shows that after seven days of outflows totaling $1.1 billion, the ETFs saw a notable reversal, with net inflows reaching $31 million. On Tuesday, June 25th, the Fidelity Wise Origin…
The Open Network (TON) is a revolutionary platform designed to support blockchain and cryptocurrency activities within the Telegram messenger ecosystem. In an exciting development, the platform is receiving a significant boost through the establishment of the $20 million TON Ecosystem Fund. This fund is being launched in collaboration with Bitget, a prominent crypto exchange, and…
During what has been described as one of the most tumultuous weeks for the crypto market in 2024, the transaction fees for Bitcoin and Ether have plummeted to levels not seen in months. On June 23, the average cost of a Bitcoin transaction hit a low of $1.93 per transaction, marking a significant decline since…