Last week, digital asset investment products experienced outflows totaling $305 million, signaling a widespread negative sentiment among various providers and regions. CoinShares attributes this trend to the release of stronger-than-expected economic data from the United States, which has subsequently decreased the likelihood of a 50-basis point interest rate reduction. As a result, the asset manager
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Recent data from bitcoin (BTC) on-chain analysis platform Bitbo paints a grim picture for miners, showing their worst month in nearly a year in terms of revenue generation. The figures reveal that BTC mining activities secured a mere $827 million in August, marking a significant 10% decrease from the previous month’s earnings of $927.35 million.
Cryptocurrency exchange OKX’s Singaporean entity, OKX SG, recently announced that it has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license is highly coveted in Singapore as it allows businesses to operate without daily or monthly transaction limits. To qualify for the MPI license, companies must be registered
In the past 24 hours, Bitcoin’s price has taken a turn for the worse, dropping to a 2-week low of $57,100. This recent slump comes after a period of highs just a week ago, when the asset climbed to over $65,100, charting a multi-week peak. However, Bitcoin failed to maintain its momentum, gradually losing value
Yuga Labs, the creative team behind the incredibly popular Bored Ape Yacht Club, has recently announced a groundbreaking initiative that is set to revolutionize the company’s approach to product development. Co-founder and current CEO Greg Solano revealed the launch of “The Workshop” in a recent Tweet, describing it as a team of “no fat, just
Cardano recently completed its Chang upgrade, transitioning to a decentralized governance system that empowers ADA holders to participate in the network’s decision-making process. The upgrade, named after Chinese mathematician Ch’ang Shou, was finalized at block 10764778 on Sep. 1. This milestone introduces significant modifications to Cardano’s governance structure, including on-chain voting, Delegate Representatives, enhanced smart
Authorities in the UK have taken a stern stance against individuals operating Bitcoin ATMs without proper registration. One such case involves Habibur Rahman, a 37-year-old resident of Langdon Crescent, East Ham, who was recently charged with this offense. Following a raid by Kent Police at a gadget shop in Chatham, Rahman was arrested on April
Semilore Faleti is a distinguished cryptocurrency writer who has made a name for himself in the field of journalism and content creation. With a keen interest in the complexities of blockchains and cryptocurrencies, Semilore has dedicated his career to exploring the efficiency of digital assets in storing and transferring value. His work reflects a deep
The payments industry has witnessed tremendous growth over the past five decades, becoming one of the largest and fastest-growing sectors globally. However, a significant issue plagues the industry – the reliance on outdated technology rails that are over 50 years old. As time goes on, these outdated systems become increasingly inefficient, posing challenges for both
Bitcoin, the renowned cryptocurrency, has garnered immense attention and speculation over the years. With its inception dating back 15 years, Bitcoin has stood the test of time, consistently executing new blocks of transactions every ten minutes without fail. The robustness of Bitcoin’s blockchain technology has proven to be highly secure, as it has never been
