Category Archive: Cryptocurrency, No picture
Appetite for Bitcoin soars after Powell speech, says Bitfinex analysts
Key Takeaways BTC registered a 6.06% daily gain on August 23rd, the second-highest since May 20th. Open interest for BTC pairs dropped from $39.03 billion to $26.65 billion, indicating reduced market leverage. Share this article Bitcoin (BTC) prices and the broader crypto market surged on Aug. 23, continuing the recovery that began in early August. […]
Bitcoin inflows surge to $543 million after Powell’s dovish comments
Key Takeaways Digital asset investment products saw $533m inflows, the largest in five weeks. New Ethereum ETFs have seen $3.1bn of inflows, partially offset by $2.5bn Grayscale Trust outflows. Share this article Crypto products saw inflows totaling $533 million last week, marking the largest inflows in five weeks. As reported by CoinShares, this surge followed […]
Why was Telegram’s CEO arrested? Understanding the nuances between privacy and crypto
Key Takeaways Pavel Durov’s arrest directly affected Toncoin’s market value. The incident raises significant concerns about privacy and government interference in the crypto sector. Share this article At 39 years old, Pavel Durov, the Russian-born billionaire and founder of messaging app Telegram, has done a lot in the tech world, not just for the crypto […]
US Bitcoin ETFs net over $500M in a single week as Grayscale’s outflows slow down
Key Takeaways BlackRock’s IBIT led Bitcoin ETF inflows with over $310 million last week. Grayscale’s GBTC outflows continued but at a reduced pace, losing about $86 million. Share this article Investors poured over $500 million into ten exchange-traded funds (ETFs) that track the spot price of Bitcoin last week, data from Farside Investors showed. The […]
Polymarket is a ‘social epistemic tool’ for the public, Vitalik Buterin argues as CFTC scrutiny intensifies
Key Takeaways Polymarket’s trading volume surpassed $390 million as interest in election bets grows. Vitalik Buterin argues against categorizing Polymarket as gambling. Share this article Ethereum co-founder Vitalik Buterin has come to the defense of Polymarket, a decentralized prediction market platform, as it faces increasing regulatory scrutiny. Buterin’s support comes at a crucial time when […]
Rumble CEO exits Europe amid Telegram CEO’s detention
Key Takeaways Rumble CEO Chris Pavlovski has left Europe following threats from France. Telegram insists its moderation practices comply with EU laws despite CEO’s arrest. Share this article Chris Pavlovski, the founder and CEO of Rumble, a free speech-friendly alternative to mainstream platforms like YouTube, said he had left Europe following the recent arrest of […]
Toncoin drops 18%, Notcoin tumbles following arrest of Telegram CEO Pavel Durov
Key Takeaways Pavel Durov’s arrest in France led to a 18% drop in Toncoin’s value. French authorities link Durov with crimes facilitated through Telegram’s lack of moderation. Share this article The price of Toncoin (TON) fell as much as 18% to below $5.53 on Sunday following news that Pavel Durov, the co-founder and CEO of […]
Trump Jr. wants to ‘make finance great again’ with new DeFi project
Key Takeaways The DeFiant Ones DeFi platform was announced by Donald Trump Jr. to overhaul traditional financial systems. Over 42,000 subscribers joined the official Telegram group for updates on the Trump DeFi project. Share this article Donald Trump Jr. has revealed plans for a new cryptocurrency project that aims to operate outside traditional banking systems. […]
Bitcoin jumps 1.1% as Powell signals Fed policy adjustment
Key Takeaways Bitcoin rose 1.1% after Fed Chair Powell hinted at policy adjustment at Jackson Hole. Polymarket bets on a 50 basis point rate cut increased to $1.9 million following Powell’s speech. Share this article Fed Chairman Jerome Powell’s speech at Jackson Hole today reinforced the expectations of an interest rate cut in September, as […]
Russia plans to set up crypto exchanges to support global trade
Key Takeaways Russia plans to establish crypto exchanges in Moscow and St Petersburg to support international trade. The exchanges will use stablecoins linked to the Chinese yuan and BRICS currencies to reduce US Dollar dependency. Share this article Russia is considering setting up at least two crypto exchanges in a bid to boost global trade, […]
