On Tuesday, the VanEck Bitcoin exchange-traded fund (ETF) experienced a significant milestone, surpassing $258 million in daily trading volume. This marked a remarkable 14-fold increase in trading volume within a single day. Despite this achievement, VanEck’s ETF has struggled to keep up with the trading volumes seen in other popular ETFs like BlackRock, Fidelity, and
Crypto
Recently, renowned crypto analyst Michaël van de Poppe made a bullish prediction for Ethereum, suggesting that it could potentially soar to $4,500. This forecast comes amidst Ethereum’s recent surge in price, with a 9% increase in seven days and a 17.5% increase in one month. The recent price surge has been seen as a bullish
Rabby Wallet, a popular crypto wallet developed by Debank, recently made headlines with the launch of its beta version mobile app. However, what seemed like a promising development quickly turned into a nightmare for unsuspecting users. Reports have started to surface regarding a fake iOS app posing as Rabby Wallet on the App Store. This
Bitcoin (BTC) has seen a significant surge recently, surpassing the $50,000 mark for the first time since December 2021. This upward movement has been attributed to high demand from the approval of spot Bitcoin exchange-traded funds (ETFs). According to analysts at CryptoQuant, approximately 75% of the new money flowing into BTC is coming from these
As the Bitcoin halving approaches, the mining difficulty metric for BTC has surged by over 8% recently, hitting an all-time high. This metric is crucial for the BTC blockchain as it adjusts every 2,016 blocks based on the mining power in order to maintain the block production ratio. The consistent rise in mining difficulty over
XRP, the cryptocurrency associated with the Ripple network, has experienced a notable increase in price over the past 24 hours. Despite reaching above $0.57, the bulls were unable to sustain the pressure, and the sellers brought the price back down to around $0.56. Although this may seem like a minor fluctuation, it represents a significant
In a recent announcement, Tron Founder Justin Sun outlined an ambitious roadmap for TRON’s Bitcoin Layer 2 initiative. This roadmap aims to enhance the interoperability and utility of blockchain technologies, setting a new standard for the industry’s future. With this initiative, TRON seeks to inject funds into the Bitcoin network while simultaneously improving scalability, speed,
Genesis Global, a prominent player in the cryptocurrency industry, has been granted permission by the bankruptcy court to sell approximately 35 million shares of Grayscale Bitcoin Trust (GBTC). The estimated value of these shares amounts to a massive $1.3 billion. This decision was made by U.S. Bankruptcy Judge Sean Lane during a recent court hearing
The crypto community has recently been alerted to a distressing new wave of scams that are specifically designed to deceive users through deceptive user interfaces (UIs) in crypto wallets. Hayden Adams, the founder of Uniswap, took to social media to express his concerns and warn users about the increasing frequency of these scams. This article
In a surprising turn of events, the verdict in Changpeng Zhao’s court battle with the United States government has been delayed. A recent notice filed in a Seattle court indicates that the court’s deliberation will now come to an end on the 30th of April. Originally scheduled for this month, the verdict will not only
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