Author: Crypto News

Last updated: May 2, 2024 01:14 EDT | 2 min read The spot Bitcoin exchange-traded funds (ETFs) in the United States have witnessed record net outflows, with BlackRock’s iShares Bitcoin Trust (IBIT) experiencing its first-ever day of outflows. On May 1, BlackRock’s Bitcoin fund saw $36.9 million flow out, according to data from Farside Investors. In addition, nine other Bitcoin ETFs collectively recorded outflows of $526.8 million, with the Hashdex Bitcoin ETF (DEFI) being the only one to report zero flows, as per preliminary Farside Investors data.Fidelity Records Largest Daily OutflowAmong the ETFs, the Fidelity Wise Origin Bitcoin Fund (FBTC) experienced the largest outflow for the day, with $191.1 million net outflows.The Grayscale…

Last updated: May 2, 2024 00:55 EDT | 2 min read Hong Kong’s ZA Bank, a unit of China’s ZhongAn Online P&C Insurance, is reportedly exploring ways to offer virtual asset-related services after new regulations for digital assets launch in June.To establish itself as a crypto hub, Hong Kong implemented a new regulatory framework for crypto exchanges last year. This required all exchanges operating within the city to submit applications for licenses by Feb. 2024. The competition is fierce, with 24 companies vying for these coveted licenses.Approval from Hong Kong’s top financial watchdog, the Securities and Futures Commission (SFC), is…

Last updated: May 2, 2024 00:15 EDT | 2 min read Tether Holdings, the issuer of the world’s largest stablecoin, Tether (USDT), has reported a record net profit of $4.52 billion in the first quarter of 2024, marking a significant achievement for the company.According to the report, the substantial profit was primarily attributed to the firm’s financial gains on Bitcoin and gold, totalling $3.52 billion, and an additional $1 billion from operating profits.A Significant Increase Compared to The Last Quarter My summary Tether’s Q1/2024 attestation. Another great quarter! As of 31st March 2024:– $4.52 Billion Profit for Q1/2024. ~1 billion in…

Last updated: May 1, 2024 20:03 EDT | 2 min read Stacks Price Prediction as STX Token Slides Under $2 – How Low Will STX Go? As Bitcoin (BTC) corrects to its lowest levels in over two months below $60,000, its largest layer-2 scaling blockchain Stacks (STX) is also in decline, with the Stacks price hitting its lowest levels since mid-February below $2.0.The Stacks price has since bounced back to around $2.14, with STX now flat on the day.But it might not be long until STX breaks more forcefully to the downside of $2.06 and the $2.0 level.That’s because Stacks…

Last updated: May 1, 2024 19:34 EDT | 2 min read Traders turn to tools such as DEXScreener as they hunt for top crypto gainers today in the on-chain markets / Source: Cryptonews In wake of the cryptocurrency market’s latest tumble which saw Bitcoin (BTC) drop convincingly below $60,000 for the first time since late February, traders are turning to the on-chain markets as they hunt for top crypto gainers today.Bitcoin was last trading in the $57,000s as traders digest the latest Fed policy announcement. Negative ETF flows are also on their radar, with Bitcoin ETFs having seen outflows now…

Last updated: May 1, 2024 19:30 EDT | 2 min read An Argentinian lawmaker has launched a draft bill that proposes regulating Worldcoin and its operator in the Latin American nation.The move comes just days after Worldcoin announced a planned expansion in Mexico. Some Mexican lawmakers have also called for a probe into operator Tools for Humanity.Argentina Lawmaker: We Must Protect Consumer RightsPer the official news outlet of the Buenos Aires assembly, the new bill is the brainchild of Buenos Aires parliament member Carlos Puglelli.The MP, and others, have claimed it is “unclear” what Worldcoin does with the biometric data…

Last updated: May 1, 2024 18:59 EDT | 3 min read Best Crypto to Buy Now May 1 – Wormhole, Optimism, Axelar As traders digest the implications of the latest Fed policy announcement and what it means for the outlook for Fed rate cuts later this year, traders are hunting for opportunities in the altcoin market and weighing up what might be the best crypto to buy today.Bitcoin (BTC) was last trading in the $57,000s, down over 4% in the past 24 hours.Ether (ETH) was last trading about 1% lower just to the south of $3,000.The sell pressure comes as…

Last updated: May 1, 2024 17:01 EDT | 4 min read Wednesday, May 01, 2024 – An ongoing presale for Solana’s greatest multichain good boy Dogeverse ($DOGEVERSE) has taken in $13 million so far, with at least $2 million flooding into the ICO in the five days since it deployed on Solana.Crypto’s latest Shiba Inu-inspired funny token has pricked the ears of meme fans, degens and crypto evangelists alike, who see Dogeverse’s hyper-jumping cross-chain capabilities as a hint of tomorrow’s meme coin capabilities.Now SOL fans are in on the action too. As of Friday, April 26, Dogeverse has rolled out…

Last updated: May 1, 2024 16:20 EDT | 3 min read Bitvavo, the Amsterdam-based cryptocurrency exchange known as the largest EUR spot exchange globally, announced a strategic collaboration with Figment on May 1, a leading provider of staking infrastructure. The partnership sees Bitvavo leveraging Figment’s institutional-grade infrastructure to power its staking services.By combining their expertise and resources, both entities seek to enable new features and enhance the overall user experience. With Bitvavo’s expansive reach and Figment’s proven track record in staking infrastructure, the collaboration is poised to reshape the landscape of staking services in Europe.Bitvavo Partners with Figment to Enhance…

Last updated: May 1, 2024 15:48 EDT | 1 min read The United States Department of Justice announced on April 30 $50 million tax fraud charges against early Bitcoin investor Roger Ver, known by many as ‘Bitcoin Jesus.’ Rojer Ver is an early Bitcoin investor proponent and the creator of Bitcoin Cash. He has also invested in many crypto start-ups, such as Bitcoin.com, Blockchain.com, Ripple, BitPay, and Kraken.The Justice Department’s notice said authorities in Spain had arrested Ver based on criminal charges in the United States, including mail fraud, tax evasion, and filing false tax returns. The US government claimed Ver defrauded…