Author: e_cash_top

[ad_1] Institutional investors increasingly sought exposure to crypto during the first quarter of the year following the launch of several US-based spot Bitcoin exchange-traded funds (ETFs) in January. The CoinShares Digital Fund Manager survey revealed that these institutional investors have significantly increased their digital asset allocations, reaching 3% in their portfolios. This marks the highest…

[ad_1] Layer-1 blockchains are foundational networks supporting various applications directly on their protocol, while Layer-2 blockchains operate atop these foundational layers, enhancing scalability and efficiency. Comparing the usage and efficiency of EVM-compatible L1 and L2 blockchains and side chains helps us better understand the market values and where most of the DeFi activity comes from.…

[ad_1] Quick Take Data from Trading Economics shows the United States economy grew at an annualized rate of 1.6% in the first quarter of 2024, falling short of the forecasted 2.5% and slowing down from the previous quarter’s 3.4% growth. Despite the slower pace, the economy continues to expand in an already overheated environment, with…

[ad_1] Quick Take As Bitcoin’s price hovers around $63,000, slightly down over the past 24 hours, the options market is providing insights into shifting investor sentiment ahead of the expiration on April 26. A key development has been the reduction in positive gamma exposure as Bitcoin declined through the heavily traded $65,000 call strike. According…

[ad_1] Crypto Asset Service Providers (CASP) in Europe would have to implement stringent Know Your Customer (KYC) procedures to combat money laundering following the European Parliament greenlight of new Anti-Money Laundering Regulations (AMLR), according to an April 24 statement. According to the statement: “The new laws include enhanced due diligence measures and checks on customers’…

[ad_1] The financial behemoth had initially greenlit BTC ETF purchases following approval earlier this year. However, these transactions were strictly initiated by customers, necessitating them to proactively engage with their advisors to delve into this asset class. Now, the institution is contemplating a shift to allow its brokers to actively promote BTC ETFs, potentially amplifying…

[ad_1] The BlackRock IBIT Bitcoin ETF’s monumental 71-day streak of inflows since its inception has finally come to an end, as April 24 saw zero net inflows for the fund. It reached the top 10 of the all-time ETF inflow streak chart before bowing out on a day when Bitcoin fell as much as 5.2%…

[ad_1] Binance‘s co-founder and former CEO, Changpeng ‘CZ’ Zhao, submitted a letter of apology to the court on April 24. Zhao, who pleaded guilty to criminal charges earlier this year, expressed regret in advance of his upcoming sentencing date. He wrote: “I apologize for my poor decisions and accept full responsibility.” CZ said he recognizes…

[ad_1] On April 20, the day of the Bitcoin halving, total transaction fees paid to miners jumped to 1,257.71 BTC, the highest since December 2017. The high amounts starkly contrasted with fees from the previous day, which amounted to only 116.94 BTC. When viewed alongside the decreased block rewards post-halving, this surge in transaction fees…

[ad_1] International authorities collaborated to shut down Samourai Wallet and arrested its two founders on April 24 after the US Department of Justice (DOJ) filed criminal charges against the privacy wallet over allegations of facilitating money laundering. Samourai’s website currently displays a seizure notice that notes Icelandic law enforcement, Portugal police, IRS, DOJ, FBI, and…