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 […]
Ethereum’s price is currently consolidating just below the $1,850 mark against the US dollar. For an upward trend, ETH needs to maintain support above $1,750. At present, Ethereum is encountering challenges in surpassing the $1,850 level, leading to a corrective phase. Despite a drop below $1,800, support near $1,750 helped prevent further decline. The price […]
Bitcoin’s price recently attempted to surpass the $34,500 mark but faced resistance, indicating a potential for a significant downside correction if it closes below the 100 hourly SMA. Bitcoin is currently struggling to break the $35,000 resistance, trading above $34,200 and the 100 hourly Simple Moving Average. On the hourly BTC/USD chart (data feed from […]
El Salvador’s President Nayib Bukele, known for his pro-Bitcoin stance, has officially launched his bid for re-election in the upcoming 2024 presidential election. Despite his strong public support, some critics have raised concerns regarding the constitutionality of his re-election. Bukele, who gained power in 2019, broke the long-standing dominance of the Nationalist Republican Alliance and […]
Zodia Custody, a digital asset custodian supported by Standard Chartered, is expanding its services in Hong Kong, according to a recent CNBC report. The company’s move comes as part of its ongoing expansion efforts across the Asia-Pacific region. The CEO of Zodia, Julian Sawyer, highlighted the significant demand from institutions in Hong Kong, underscoring the […]
The United Nations has just launched a big effort to deal with the challenges that come with regulating artificial intelligence (AI). This move was revealed by the UN Secretary-General, António Guterres, on Thursday, Oct. 26. The group working on this includes 39 members with various backgrounds, such as tech leaders, government officials from different countries […]
Shiba Inu (SHIB) has recently experienced a significant increase in its burn rate, showing the project’s commitment to reducing its circulating supply. This burn rate surge, as reported by Shibburn, indicates a 323% increase, with 68,119,115 SHIB tokens recently sent to inactive wallets. The current total circulating supply of SHIB is 579,894,208,190,775 tokens, and the […]