On October 30th, BlackRock’s iShares Bitcoin Trust (IBIT) experienced an astonishing inflow of $872 million, marking the highest single-day record since its inception in January. This remarkable achievement comes on the heels of heightened trading activity, with the fund’s daily trading volume climbing to $3.35 billion—the most substantial volume seen in over six months. As
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Polymarket, a prominent player in the realm of blockchain betting, has garnered attention as a potential indicator of electoral outcomes. However, recent investigations have cast doubt on the reliability of its odds, raising concerns over the integrity of its trading practices. This skepticism is underscored by a report from Fortune, which highlights findings from two
On Wednesday, Ethereum (ETH) made headlines by breaching the $2,700 threshold for the first time in over a week. This upward movement triggered a wave of optimism among crypto analysts, sparking discussions about the potential for ETH to break through its next resistance and ultimately reach the coveted $3,000 mark. This resurgence comes after a
In a striking evaluation of the 2023 crypto market, a report from Animoca Research has shed light on the overwhelming struggles of tokens launched on major cryptocurrency exchanges since the start of the year. Analyzing a total of 773 token listings from five key players in the space—Binance, Bitget, Bybit, KuCoin, and OKX—the findings pointed
The landscape for cryptocurrency exchanges in Hong Kong is poised for significant transformation as authorities signify their intent to license additional platforms by year-end. Financial Secretary Paul Chan, speaking at the Hong Kong FinTech Week, indicated that the Securities and Futures Commission (SFC) is diligently reviewing more candidates for regulatory approval. This development suggests that
The collapse of FTX, once a pillar of the cryptocurrency industry, left a trail of financial devastation impacting numerous creditors. In the wake of the company’s implosion, which was rooted in allegations of mismanagement and fraudulent practices, efforts to recover lost assets have become paramount. Central to these recovery aspirations is the role of Nishad
On October 30th, Kraken, a prominent player in the cryptocurrency exchange market, announced significant changes that have sparked discussions throughout the industry. Labelled as “organizational changes,” these layoffs are expected to affect 15% of Kraken’s workforce, echoing a similar trend seen in the broader crypto sector. The decision was largely framed as an initiative to
Maximiliano Pilipis, a former resident of Noblesville, Indiana, has recently been swept into a legal maelstrom following the indictment by a federal grand jury on multiple serious charges, including five counts of money laundering and two counts of failing to file tax returns. This case serves as a glaring example of the dark underbelly of
In a striking development, the Royal Government of Bhutan has taken a decisive step into the cryptocurrency realm by transferring 929 BTC to the popular crypto exchange Binance. This move occurred shortly after Bitcoin’s price surged past the $70,000 mark, a notable rebound since its last peak in June. The incident was highlighted by Lookonchain,
The Bank for International Settlements (BIS), often hailed as the bank for central banks, is embarking on a transformative journey with its Project Mandala. This initiative, launched in partnership with the central banks of Australia, Korea, Malaysia, and Singapore, aims to streamline cross-border transactions, a critical aspect of global finance. In today’s interconnected world, regulatory