Render (RNDR) recently caught attention due to a surge in its price following Bitcoin’s rise to $35,000. Currently priced at $2.48, RNDR demonstrated a notable 64% increase over the last 30 days. Santiment, an on-chain analytics platform, highlighted RNDR’s substantial growth, attributing it to increased network activity and interaction among large investors. These activities pushed […]
The Bloomberg Billionaires Index cut its revenue forecast at crypto exchange Binance by 38 percent after the latest data showed volume at the company declined this year. Reporting from Yahoo Finance, Monday (30/10/2023), this wiped out USD 11.9 billion or the equivalent of IDR 189.5 trillion from the wealth of Binance founder Changpeng Zhao, known […]
In pursuit of gaining approval for a Bitcoin exchange-traded fund (ETF) from the U.S. Securities and Exchange Commission (SEC), VanEck, a New York-based asset manager, has resubmitted an updated application. This application showcases an innovative approach to fund seeding that distinguishes it from other contenders in the spot Bitcoin ETF market. VanEck faced setbacks earlier, […]
A Bitcoin exchange-traded fund (ETF) seems destined for Wall Street, and while many anticipate this as a positive for the crypto industry, there are differing opinions. Some believe that its approval, after a decade-long wait, will draw institutional investors and propel Bitcoin’s price to new highs. However, not everyone shares this optimism. There’s a concern […]
Crypto Giant Bittrex Bows Out: The Rise and Fall of a Once-Dominant Exchange Amid Regulatory Turmoil
Crypto exchange Bittrex’s U.S. shutdown, approved in a bankruptcy court, marks the end of its American operations. The company sought Chapter 11 bankruptcy protection in May, following charges from the Securities and Exchange Commission (SEC) for operating an unregistered exchange. A court filing revealed that Judge Brendan Shannon greenlit the company’s revised liquidation plan to […]
Crypto Giant Bittrex Bows Out: The Rise and Fall of a Once-Dominant Exchange Amid Regulatory Turmoil
Crypto exchange Bittrex’s U.S. shutdown, approved in a bankruptcy court, marks the end of its American operations. The company sought Chapter 11 bankruptcy protection in May, following charges from the Securities and Exchange Commission (SEC) for operating an unregistered exchange. A court filing revealed that Judge Brendan Shannon greenlit the company’s revised liquidation plan to […]
The Chicago Mercantile Exchange (CME) is on the verge of taking the lead in Bitcoin futures open interest over prominent crypto platform Binance, as indicated by Gabor Gurbac, a strategy advisor at VanEck. Gurbac remarked, “CME is poised to overtake Binance as the largest exchange in terms of Bitcoin futures open interest.” Highlighting the increasing […]
The Chicago Mercantile Exchange (CME) is on the verge of taking the lead in Bitcoin futures open interest over prominent crypto platform Binance, as indicated by Gabor Gurbac, a strategy advisor at VanEck. Gurbac remarked, “CME is poised to overtake Binance as the largest exchange in terms of Bitcoin futures open interest.” Highlighting the increasing […]
VanEck, a renowned New York-based asset manager specializing in ETFs, has recently updated its application for the VanEck Bitcoin Trust ETF. The company, known for its expertise in managing ETFs and its early interest in the crypto market, is making waves with its unique approach. According to legal expert Scott Johnsson, VanEck’s approach stands out […]
Indonesia continues to solidify its position as a rapidly growing crypto market in Southeast Asia. The number of cryptocurrency investors in the country has steadily increased over the past few years. As per the Commodity Futures Trading Regulatory Agency (Bappebti), in May 2023, there was a 0.87% growth in the number of crypto investors in […]