Grayscale, a well-known digital asset management firm, recently made headlines by announcing the release of its latest investment product, the Grayscale Dynamic Income Fund (GDIF). This new fund, tailored specifically for accredited investors with a net worth of at least $2.2 million, is set to focus on proof-of-stake tokens and aims to maximize income through
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The recent resurgence in the price of Bitcoin has brought renewed optimism to the crypto market, with many investors drawing parallels to the positivity often associated with Holy Week among Christians. This surge in Bitcoin’s price has not only benefited the premier cryptocurrency but has also led to significant profits for other major cryptocurrencies in
Bitcoin (BTC) investors have witnessed significant profits over the last week, with the crypto asset gaining 9.34% to trade above $71,000. The market is currently abuzz with expectations of large price gains in the ongoing bull cycle. However, Bitwise CEO Hunter Horsley believes that the upcoming halving event could be the most significant in Bitcoin’s
The price of XRP, the native token of RippleNet, is currently a topic of speculation among prominent crypto analysts. Two analysts, CryptoInsightuk and EGRAG, have offered conflicting outlooks on the potential surge of XRP in the near future. While both predict a target price of $1.20, the conditions and reasoning behind their forecasts vary significantly.
The recent outflows from the Grayscale Bitcoin ETF had a significant impact on the market, causing a sharp decline in the BTC price. However, the situation has taken a turn this week as investors are starting to show more bullish sentiment towards Bitcoin. The outflows from the Grayscale ETF have slowed down considerably, reaching one
Recently, the Securities and Futures Commission (SFC) announced that the Binance-linked HKVAEX exchange has decided to close down and withdraw its application for an operational license in Hong Kong. This move came just three months after the initial application submission, raising concerns about the reasons behind this sudden decision. The exchange, operating under the name
In a recent turn of events, the crypto exchange HKVAEX, associated with Binance, has decided to withdraw its virtual asset trading platform license application from the Hong Kong Securities and Futures Commission (SFC). This move comes after the deadline set by the Hong Kong securities regulator for crypto exchanges and firms to apply for the
In 2023, the world of cryptocurrency saw a significant decrease in illicit transactions, with data from TRM Labs showing a drop of $14.7 billion from the previous year. Despite the overall decrease, TRON blockchain stood out as the host of 45% of all crypto frauds in 2023, which is a 4% increase from the previous
Bitcoin (BTC) is showing signs of a potential surge as it forms a bullish technical pattern on its 4-hour chart. Analysts have identified a bull flag pattern, which typically follows a significant price increase and signals a consolidation period. Despite a recent dip below $61,000, Bitcoin rebounded into the $67,000-$70,000 range, solidifying the potential validity
Recent events have shown that Binance executive Tigran Gambaryan has taken legal action against Nigerian authorities, particularly targeting the National Security Adviser Nuhu Ribadu and the Economics and Financial Crime Commission (EFCC). Gambaryan, along with his colleague Nadeem Anjarwalla, was detained on Feb. 26 in connection with investigations into the operations of the exchange in
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