In the evolving world of cryptocurrency, recent insights by Ki Young Ju, the founder of CryptoQuant, indicate that the United States is experiencing a renewed ascendancy in Bitcoin (BTC) holdings. On September 26, Ju highlighted a notable shift, stating that the ratio of BTC held by Americans is increasing relative to international stakeholders. This upsurge
Crypto
Recent reports have revealed that Polymarket, a blockchain-based prediction market platform located in New York, is actively seeking to raise $50 million in its latest funding round. This prospective investment hints at the organization’s ambition to expand its operations and enhance the user experience on its platform. In a bid to facilitate smooth transactions and
In the ever-evolving landscape of cryptocurrency, the recent activation of a long-dormant Bitcoin whale address has sparked intrigue among enthusiasts and investors alike. According to data provided by Arkham Intelligence, this particular address, which had been silent for an impressive decade, resumed activity by transferring 5 BTC to the Kraken exchange. This marks the third
The landscape of cryptocurrency is evolving rapidly, and with it, the necessity for coherent regulatory frameworks has grown increasingly paramount. A recent letter from a coalition of Republican lawmakers led by Rep. Patrick McHenry and Sen. Cynthia Lummis has spotlighted significant concerns regarding the Securities and Exchange Commission’s (SEC) handling of crypto custody regulations, specifically
In a significant development on Monday, two dominant Grayscale funds, GBTC and ETHE, experienced major net outflows, prompting a critical examination of investor sentiment in the cryptocurrency arena. Despite these withdrawals, it is noteworthy that the prices of Bitcoin and Ethereum, the underlying assets for these funds, remained surprisingly stable. In fact, slight increases were
Bitcoin has recently demonstrated its signature volatility, dropping sharply below $63,000 only to see a resurgence, as bulls regain control and push the price back up towards $64,000. This recurrent fluctuation in price is emblematic of Bitcoin’s behavior over the past weeks, particularly highlighted by its plunge to approximately $57,600 at the beginning of the
In recent months, investor enthusiasm for cryptocurrency investment products has intensified, evident in the remarkable inflows these funds have experienced. Reports from CoinShares indicate that, in the last week alone, digital asset funds welcomed a noteworthy $321 million in inflows, marking the second consecutive week of positive movement. While this figure has dipped from the
The gaming landscape is undergoing radical shifts, and Hamster Kombat has emerged as a compelling case study of this transformation. Launched in March 2024, the game catapulted to prominence, amassing an impressive user base of over 300 million players within a mere six months. This staggering number speaks volumes about the game’s appeal and its
In a significant move within the decentralized finance (DeFi) landscape, Jupiter Exchange, the leading decentralized trading platform within the Solana ecosystem, has executed a strategic acquisition of SolanaFM, a prominent blockchain explorer. This merger aims to enhance the infrastructure and data capabilities of both platforms, ultimately benefiting the broader Solana community. With over $300 billion
In a striking turn of events, Canada’s endeavor to create a Central Bank Digital Currency (CBDC)—which initiated in 2017—has been put on indefinite hold. This development was reported by CBC on September 18, indicating a significant pivot for the Bank of Canada as it reassesses the potential digital currency landscape. Originally launched to respond to
