Crypto

Grayscale Investments, one of the world’s largest crypto asset managers and exchange-traded fund (ETF) issuers has unveiled its latest offerings. On Wednesday, the company announced the launch of two new crypto mutual funds: the Grayscale Bittensor Trust and the Grayscale Sui Trust. Grayscale Unveils Bittensor And Sui Trusts According to the announcement, the Grayscale Bittensor Trust is exclusively dedicated to TAO, the token supporting the Bittensor Protocol, which incentivizes the advancement of open-source artificial intelligence (AI) technologies. In parallel, the…

The recovery in the crypto markets has lost steam, with Bitcoin (BTC) and Ethereum (ETH) struggling to push above resistance levels, indicating that sellers are active at higher levels.  Markets are expected to remain volatile in the face of continued economic uncertainties, although analysts believe the downside may be limited. Some analysts have also suggested that the dip in major cryptocurrencies presents an excellent buying opportunity for investors.  Bitwise Chief Investment Officer Matt Hougan suggested investors ignore short-term volatility and…

The post Crypto News Today : Institutional Investors Fuel Crypto Rally; Bitcoin and XRP PriceSurge appeared first on Coinpedia Fintech News The total crypto market cap edged 2 percent higher towards $2.1 led by Bitcoin (BTC) and Ripple Labs-backed XRP. Following the heightened crypto volatility, more than $215 million was liquidated from the crypto industry in the last 24 hours, mostly involving long trades.  According to the latest crypto data, Bitcoin price rallied nearly 4 percent in the past 24…

The post Here’s Why the Crypto Market is Falling appeared first on Coinpedia Fintech News After a market crash on August 5, 2024, the overall cryptocurrency landscape was experiencing an upside move. Amid this bullish momentum, top assets Bitcoin (BTC) and Ethereum (ETH) have experienced notable price surges and also hit the $57,600 level and $2,551, respectively. However, both are now experiencing notable selling pressure. Bitcoin and Ether fall again  At press time, BTC and ETH have seen price drops…

The post Grayscale Launches New Crypto Investment Funds : Adds Sui and TAO appeared first on Coinpedia Fintech News World’s largest crypto asset manager, Grayscale, has announced the launch of two more crypto products. They are already offering over 20 crypto investment funds including Bitcoin, Bitcoin Cash, Ethereum etc. They now have announced the launch of crypto investment funds for Sui and TAO. Let’s explore what they plan with these new investment trusts. Launch of New investment Funds In a…

The post Donald Trump Jr’s HUGE Announcement For Crypto; Voices Defi As The Future! appeared first on Coinpedia Fintech News Donald Trump Jr in a recent X post has hinted at a major announcement for the crypto and Defi market. The recent comment from the US Presidential candidate’s son has gained notable traction, especially after a day when his brother Eric Trump teased a ‘big announcement’ for the crypto and Defi market. Furthermore, Donald Trump’s pro-crypto stance has also added…

The post BoJ Says ‘Will Not Hike Borrowing Costs’, Crypto In Relief? appeared first on Coinpedia Fintech News BTC is trading above $57,000, 4% higher in the past 24 hours as cryptocurrencies are recovering from the Monday crash. Bank of Japan deputy governor Shinichi Uchida said that the central bank would not hike borrowing costs, which may have provided some relief for investors of risk assets like crypto. “As we’re seeing sharp volatility in domestic and overseas financial markets, it’s…

In his latest essay “Spirited Away,” Arthur Hayes, the former CEO of BitMEX, dives into the complexities of the global financial markets, with a focus on the impending unwinding of the dollar-yen carry trade and its impact on the crypto market. Hayes begins by discussing the potential actions of the US Vice President Kamala Harris in response to an impending financial crisis, influenced by her need to secure electoral victory. He predicts, “Harris will instruct Yellen to use the monetary…

The post Ripple’s Big News: The Partnership That Could Transform UAE’s Crypto Market! appeared first on Coinpedia Fintech News Diving into the exciting blockchain world, Ripple is making big moves in the Middle East by teaming up with DIFC. On August 7, Ripple, a prominent blockchain payments firm, announced a significant partnership with the DIFC Innovation Hub in the UAE. This strategic partnership reflects Ripple’s goal to tap into a massive $204 Million market in UAE’s booming crypto scene. What’s…