Crypto

After experiencing outflows for four consecutive weeks, US spot Bitcoin exchange-traded funds (ETFs) have marked a notable shift in momentum, witnessing net inflows once again. According to recent data from CoinShares, digital asset investment products have seen inflows totaling $130 million for the first time in five weeks. This change suggests renewed investor interest in crypto-focused investment products, particularly in the United States, where most of these inflows, totaling over $130 million, occurred. A Mixed Bag Of Global Investment Flows…

US Bancorp, which manages over $600 billion in assets, has invested $15 million in Bitcoin ETFs, half of which went to BlackRock’s IBIT, according to its latest SEC filings. The Rothschilds have also jumped aboard the bandwagon, revealing that they purchased $4.2 million in IBIT shares through their Swiss-owned bank. The institutions are clamouring for Bitcoin, with the latest to reveal their BTC spot ETF holdings being US Bancorp, JPMorgan and the Edmond de Rothschild (Suisse) S.A. bank. Spot ETFs…

South Korea is preparing to implement tough cryptocurrency regulations, which include conditions for listing and delisting virtual assets for investor protection. The rules are meant to introduce self-regulation in the cryptocurrency exchanges before the enactment of the Virtual Asset User Protection Act in July. South Korea’s financial regulators are poised to introduce protocols for terminating the trading of certain cryptocurrencies, marking a significant move towards regulatory oversight in the crypto market. The forthcoming “Best Practices for Compliance with the Virtual…

Uniswap founder takes a dig at the Biden administration, and “bashes them” for lack of open support for the crypto.  According to him, there should be proactive measures to publicly support cryptos to stand a better chance in this election.  Uniswap recently became the latest crypto exchange drafted for a lawsuit after the company admitted to having received a Wells Notice from the US Securities and Exchange Commission (SEC) in a Crypto News Flash report. Following an earlier reaction from…

A crypto insider made $153,000 in 15 hours of trading in Solana’s VibeCat ecosystem, raising concerns about insider trading and rug pulls. The trader started with $600 and now holds over $2.5 million in VibeCat tokens, selling 1.04 billion Minette for 998.7 SOL. A crypto insider has generated significant buzz after raking in a staggering $153,000 in realized profits within a mere 15-hour window. The trading was based on the Solana (SOL) ecosystem with focus on VibeCat crypto (Minette). The…

In a recent interview with a media network, Kim Grauer, Director of Research at Chainalysis provided in-depth insight into the current market trajectory. In Kim’s words, “unlike previous hype-driven bubbles, the current growth trajectory seems more sustainable.” According to Kim, this sustainability stems from the growing adoption of stablecoins, which have emerged as vital tools for mitigating volatility and facilitating real-world transactions within the crypto ecosystem. However, in addition to stablecoins, some top altcoins have also exhibited unique potential to…

Drawing on both long-term patterns and his own market research, Peter Brandt projects a sharp drop in the value of XRP in relation to Bitcoin. Though Brandt’s estimate is dismal, expert Milkybull offers a positive one for XRP, predicting a possible increase to $2.4 to $3 based on uncommon market signs. With over fifty years of market expertise, seasoned trader Peter Brandt has forecast a dismal future for XRP, particularly when compared to Bitcoin. Renowned for his sharp market analysis…

Kyoto, Japan, May 13th, 2024, Chainwire The IVS KYOTO Executive Committee is delighted to announce it will host one of the largest and most celebrated annual crypto conferences in Japan in the coming weeks. The three-day IVS Crypto 2024 KYOTO event will be held at the Kyoto Pulse Plaza alongside this year’s Japan Blockchain Week Summit, from Thursday, July 4 to Saturday until July 6, 2024.  The previous edition of IVS Kyoto stood out as the largest crypto event on…

The post Bancolombia Launches Crypto Exchange – Wenia appeared first on Coinpedia Fintech News Bancolombia, one of the largest banking companies in Colombia, launched Wenia, a cryptocurrency exchange that will seek to disrupt the cryptocurrency space in the country.  Wenia aims to fight market share from Binance and Bitso by offering high levels of security linked to financial groups to newcomers. It estimates reaching 60k users in the launch year, given Colombia being the third nation with the most cryptocurrency…