U.S. spot Bitcoin exchange-traded funds (ETFs) have recorded net outflows exceeding $1 billion over a seven-day period from August 27 to September 5.
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Category: Cryptocurrencies
Ripple Plans to Offer Stablecoin in Japan: CEO Brad Garlinghouse
Ripple is right now focused on getting the RUSD live and an yen-backed stablecoin is a “matter of time,” said Garlinghouse.
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Magic Eden Introduces Exclusive US Domain, Segregating NFT Services in US
Leading non-fungible token (NFT) marketplace Magic Eden has unveiled plans to launch a separate domain exclusively for its U.S. users.
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Bitcoin Price Falls to $56K as ETFs See $287M Outflows Amid Rising Market Selling Pressure
Bitcoin price drops to $56K as U.S.-listed Bitcoin ETFs witness $287 million in outflows, signaling reduced investor confidence and growing selling pressure.
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Cardano Developer InputOutput and Hedera Join the DeRec Alliance as Final Founding Members
They join Algorand Foundation, Hashgraph, Ripple, and XRPL Labs.
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Top Crypto Performers Today September 5 – HNT, SATS, BSV
Major crypto prices are struggling amid elevated sell pressure following the release of mixed US economic data releases, with traders looking for quick gains instead turning to top crypto performers today in the altcoin markets.
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Over 600 Bitcoin ATMs Shut Down Amid Criminal Activity, US Takes Lead
Over 600 Bitcoin ATMs were shut down globally in the first two months of Q3 2024 amid a crackdown by authorities targeting the machines’ involvement in criminal activities like extortion and scams, with the United States leading the reduction by losing 411 ATMs in July and 258 in August according to Coin ATM Radar data.
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Crypto Lobbying Increases 1400% Since 2017: Data Shows
The number of companies advocating for crypto has increased dramatically as they try to design laws that will affect digital assets in the future.
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UK FCA Reveals 87% of Crypto Firms Failed to Secure Licensing Under Money Laundering Rules
The UK’s Financial Conduct Authority (FCA) has revealed that 87% of crypto firms failed to secure licensing under money laundering regulations in the last fiscal year, with only four out of 35 applications approved.
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Riot Surpasses 10,000 Bitcoin Held: August Production Update
Riot Platforms, Inc. has surpassed 10,000 Bitcoin in holdings as of August 2024, marking a significant milestone despite operational challenges from high temperatures and maintenance issues, while the company continues to expand its mining infrastructure.
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