March 13, 2024 By Anjali Kochhar The BlackRock iShares Bitcoin ETF (IBIT) has amassed more Bitcoin (BTC) in its short two-month existence than MicroStrategy (MSTR). IBIT had 195,985 Bitcoin on last Friday, According to the fund’s most recent disclosure, following another day of sizable inflows. Based on MicroStrategy’s most recent public statements, the company had […]

March 13, 2024 By Sharan Kaur Phillora To boost its standing in the international cryptocurrency market, financial institutions in Hong Kong are gearing up to launch spot Exchange Traded Funds (ETFs) for Ethereum. This initiative follows the successful introduction of Bitcoin spot ETFs in the United States, which has garnered significant attention and investment inflows.

March 12, 2024 By Anjali Kochhar Vetle Lunde, Senior Analyst at K33Research, has noticed a significant rise in website traffic for Cryptocurrency exchanges. Thus, between August and October, there was a 45% increase in 90-day website traffic. Between December 2023 and February 2024, the amount of traffic on cryptocurrency exchanges increased by 45% to reach

March 12, 2024 By Sharan Kaur Phillora The Federal Bureau of Investigation (FBI) has released alarming statistics showing a significant rise in losses due to cryptocurrency-related investment fraud. In 2023, losses soared to approximately $3.94 billion, a 53% increase from the $2.57 billion recorded in 2022. These figures underscore the growing challenge of crypto scams, constituting

March 11, 2024 By Anjali Kochhar The charge sheet follows accusations of investor fraud involving Bitcoin mining and other cryptocurrencies. After the prosecution’s complaint under the Prevention of Money Laundering Act (PMLA) was acknowledged by the special court in Dimapur, Nagaland, this development was formally announced. According to the local publication report, the charge sheet

March 11, 2024 By Sharan Kaur Phillora The Hong Kong Monetary Authority (HKMA) has unveiled “Project Ensemble,” an initiative focused on developing a wholesale central bank digital currency (wCBDC) to support and enhance the city-state’s burgeoning tokenization market. Announced on March 7, this strategic move aims to establish a robust financial market infrastructure for the

March 11, 2024 By Anjali Kochhar According to the latest reports, the BlackRock iShares Bitcoin ETF (IBIT) devoured more than $778 million worth of Bitcoin (BTC)  on last Tuesday, as investors seized the opportunity to scoop up the dip in the world’s largest cryptocurrency. 12,600 Bitcoins were added by IBIT, surpassing the 10,000 daily record. The

March 8, 2024 By Anjali Kochhar After more than two years of declines that had raised concerns about the viability of the entire cryptocurrency industry, Bitcoin reached an all-time high on Tuesday. The oldest and by far biggest digital currency in the world, Bitcoin, surpassed the previous high of $68,789 set on November 10, 2021,

March 8, 2024 By Sharan Kaur Phillora In a move towards embracing blockchain technology, a member of China’s National People’s Congress has put forward a proposal aimed at expanding the country’s blockchain infrastructure. This initiative, presented at the Two Sessions meeting in Beijing by delegate Dong Jin, seeks to enhance governmental services and economic sectors

March 7, 2024 By Sharan Kaur Phillora The BRICS coalition, comprising Brazil, Russia, India, China, and South Africa, is set to create a novel payment system leveraging blockchain and digital currencies as per their announcement on the platform X. This initiative aims to enhance the bloc’s autonomy in the global financial landscape, particularly in reducing