Author: e_cash_top

[ad_1] Decentralized social media protocol Friend.Tech captured attention last year but has noticeably faded from the radar recently. CryptoSlate, using Dune Analytics data compiled by 21.co, discovered a concerning trend – the platform’s failure to attract new users, coupled with indifference from its existing user base. On Jan. 28, the platform garnered a mere 19 new…

[ad_1] Quick Take The Bitcoin Exchange-Traded Funds (ETFs) have passed through 11 trading days, revealing interesting dynamics about their performance against the Net Asset Value (NAV). An ETF’s ideal situation is for its market price to equal the NAV per share. The Grayscale Bitcoin Trust (GBTC), for example, once traded at a hefty 50% discount.…

[ad_1] Bitcoin regained the psychologically important $40,000 level during the weekend after spending last week struggling to surpass $39,500. As of press time, it stands at just above $42,000, showing solid resilience at this level. This recovery positively affected the broader crypto market and the performance of public Bitcoin mining companies. Despite being listed and…

[ad_1] Hong Kong has reportedly received its first application for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the city-state. According to a Jan. 29 Tencent report, Harvest Hong Kong, one of China’s leading fund managers, submitted the first application to the Securities and Futures Commission (SFC) on Jan. 26. This development is arriving just…

[ad_1] Quick Take The eleventh trading day marked a significant milestone for the spot Bitcoin ETFs, registering a $14.8 million net inflow, according to BitMEX Research.  This represents the first daily net inflow since Jan. 19, as GBTC saw its outflows moderating to $255 million, the lowest recorded since Jan. 11. However, GBTC’s total outflows…

[ad_1] Vanguard decided not to offer clients access to Bitcoin ETFs because the flagship cryptocurrency is an “immature asset class” that does not align with its company philosophy, according to the firm’s executives. Vanguard Global Head of ETF Capital Markets and Broker and Index Relations Janel Jackson made the statement during a QA session, where…

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[ad_1] In a groundbreaking development for Bitcoin’s data indexing landscape, Trac Core has announced the launch of “Trac Core for TAP Protocol,” according to a Jan. 26 press release. Trac Core’s journey began in May 2023, focusing on developing decentralized data indexing technologies based on Ordinal-based metaprotocols. The TAP Protocol launch marks a pivotal moment…

[ad_1] In a detailed speech delivered in Naples on Jan. 26, CFTC Chair Rostin Behnam said regulators need to ramp up their efforts to supervise the budding cryptocurrency industry following the approval of Bitcoin ETFs, which does not imply the sector is regulated. Benham expressed significant concerns regarding the current state of cryptocurrency and digital…

[ad_1] PayPal announced on Jan. 25 that it will launch a variety of artificial intelligence (AI)-powered products aimed at end users and merchants. In an interview with Reuters, PayPal President and CEO Alex Chriss said: “The data that we have and our ability to actually see what people have bought and know what merchants are…