Author name: Peter

Vast Bank Shuts Down Cryptocurrency App and Exits Digital Asset Market

Introduction Vast Bank, a financial institution based in Oklahoma, United States, has made the decision to close its cryptocurrency mobile app and exit the digital asset market. This move comes in response to a consent order issued by the Office of the Comptroller of the Currency (OCC). The bank's decision to discontinue its cryptocurrency services […]

Vast Bank Shuts Down Cryptocurrency App and Exits Digital Asset Market Read More »

Bitcoin Emerges as the Preferred Investment Choice, Surpassing Gold, According to Cathie Wood

Introduction ARK Invest's CEO Cathie Wood has observed a notable change in investment preferences, with an increasing number of investors favoring bitcoin over traditional gold investments. This shift has become more pronounced following the introduction of spot bitcoin exchange-traded funds (ETFs), which offer investors a more convenient way to access the cryptocurrency. Investors Shifting from

Bitcoin Emerges as the Preferred Investment Choice, Surpassing Gold, According to Cathie Wood Read More »

Blackrock’s Bitcoin ETF Soars to Top Five in 2024 ETF Inflows After Just 17 Days

Blackrock's Ishares Bitcoin Trust (IBIT) Gains Momentum in ETF Market Blackrock's Ishares Bitcoin Trust (IBIT) has quickly risen to the forefront of the exchange-traded funds (ETFs) market, ranking among the top five in terms of 2024 inflows within just 17 days. This impressive growth highlights the increasing investor interest in cryptocurrency as a legitimate asset

Blackrock’s Bitcoin ETF Soars to Top Five in 2024 ETF Inflows After Just 17 Days Read More »

Bitcoin Technical Analysis: BTC Resilience Maintains Amidst a Balanced Crypto Market

Bitcoin's Price and Recent Growth Bitcoin has demonstrated resilience in the face of market fluctuations, maintaining a price range of $42,902 to $43,091 in the last hour. Over the past 24 hours, there has been a modest uptick of 0.4%. In the past week, Bitcoin has seen a growth of 0.7%, and over the past

Bitcoin Technical Analysis: BTC Resilience Maintains Amidst a Balanced Crypto Market Read More »

Quantum Cats NFT Collection Surges in Value, Dominating Secondary Market Trade Volume

Quantum Cats Floor Values Reach New Heights Taproot Wizards' Quantum Cats non-fungible token (NFT) series has seen a significant increase in trading volume and minimum value on the secondary market since its launch. Initially priced at 0.1 bitcoin per NFT, the lowest value of Quantum Cats now hovers around 0.303 bitcoin or $13,062. Just 48

Quantum Cats NFT Collection Surges in Value, Dominating Secondary Market Trade Volume Read More »

Paradigm Supports Kalshi’s Election Prediction Platform in Legal Battle Against CFTC

Investment Firm Paradigm Backs Kalshi in Legal Dispute with CFTC Investment firm Paradigm has thrown its support behind prediction market platform Kalshi in its ongoing legal dispute with the Commodity Futures Trading Commission (CFTC). The disagreement stems from the CFTC's rejection of Kalshi's proposed market, which would allow participants to speculate on the outcome of

Paradigm Supports Kalshi’s Election Prediction Platform in Legal Battle Against CFTC Read More »

The Impact of Government Regulations and the Impending Bitcoin Halving on Miners

The Role of Bitcoin Miners in the Current Blockchain Landscape Bitcoin miners have faced unique challenges in recent months due to the increased demand on Bitcoin's blockchain. The introduction of the Ordinals protocol has allowed users to inscribe unique data on small denominations of bitcoin, creating new "tokens" directly on the blockchain. This has led

The Impact of Government Regulations and the Impending Bitcoin Halving on Miners Read More »

Microstrategy Raises Bitcoin Holdings to 190K BTC — Calls Itself ‘World’s First Bitcoin Development Company’

Microstrategy Now Holds 190,000 Bitcoins Nasdaq-listed company Microstrategy has significantly increased its cryptocurrency holdings, now owning 190,000 bitcoins. This includes an acquisition of 31,755 additional coins since the end of the third quarter. With this achievement, Microstrategy proudly declares itself as the "world's first Bitcoin development company." The company's unique value proposition sets it apart

Microstrategy Raises Bitcoin Holdings to 190K BTC — Calls Itself ‘World’s First Bitcoin Development Company’ Read More »

Monero’s Market Plummets 32% as Binance Announces Delisting, Sparking XMR’s Turbulence

Monero Faces 32% Value Slash as Binance Cuts Ties With Privacy Coin The leading privacy-focused cryptocurrency by market valuation, Monero (XMR), experienced a sharp 32% decline within the last day after news broke that Binance intends to remove the coin from its platform. Citing non-compliance with its listing criteria, Binance announced that Monero, along with

Monero’s Market Plummets 32% as Binance Announces Delisting, Sparking XMR’s Turbulence Read More »