On Feb. 28, 2024, trading volume for nine spot Bitcoin (BTC) ETFs approached $6 billion. The figure is more than double the previous high set on Feb. 26, when the trading volume was $2.4 billion, Bloomberg Intelligence analyst Eric Balchunas said. The iShares Bitcoin Trust (IBIT) fund from BlackRock remains the leader among spot Bitcoin ETFs. The trading volume...
Crypto exchange Four Dragons says it had suffered a breach of its security system, resulting in ‘significant funds being withdrawn.’ Kyrgyzstan-based crypto exchange Four Dragons revealed on its website that it fell victim to a hacker attack on Feb. 22, leading to the loss of an undisclosed amount of crypto, reportedly estimated to be worth around $100 million. While...
Magic Eden, in collaboration with Yuga Labs, has launched a new Ethereum marketplace today, marking a significant milestone as the industry’s first major Ethereum platform that adheres to creator royalties. This partnership between Magic Eden, a leading cross-chain NFT platform, and Yuga Labs, a forefront web3 lifestyle and media company known for Bored Ape Yacht Club (BAYC) and...
Crypto industry experts examined how approving a Bitcoin (BTC) ETF in the U.S. accelerates institutional investment in cryptocurrencies and mass adoption of BTC. According to crypto.news reporter, at the Qatar Web Summit on Feb. 28, experts agreed that ETFs open Bitcoin to a new class of professional investors by providing regulated investment vehicles. The discussion was held between Animoca Brands CEO Robby...
The price of Bitcoin crossed the $60,000 mark for the first time since Nov. 21, 2021. According to CoinMarketCap data, Bitcoin (BTC) is trading at $60,250 at the time of writing. For a moment, the price rose to around $60,500. Bitcoin increased by about 6% in a day and by more than 18% in a week. Source: CoinMarketCap Against the...
Telegram will reward channel owners with an equal share of ad revenue starting in March, with payments made in Toncoin. Telegram founder Pavel Durov said the private messaging giant would split ad revenue with broadcast channel creators to incentivize community building and in-app content sharing further. In March, the Telegram Ad Platform will officially open to all advertisers in...
Bitcoin continued an impressive run toward its previous all-time high, eliciting vigilance suggestions from Matrixport’s co-founder, who believes a correction is due. Matrixport co-founder Daniel Yan tweeted that a market retrace of as much as 15% may be on the cards sometime in April, the same period industry participants anticipate the quadrennial Bitcoin (BTC) halving, which will slash...
Bitcoin has reached $64,000 for the first time since the peak of the 2021 bull run. In the past two days, Bitcoin (BTC) has risen from $51,000 to hitting $64,000 briefly today. The price rise has resulted from the Bitcoin ETF and the upcoming halving event, where investors buy up more than what is mined daily. For...
Coinbase exchange has crashed amidst the bull markets, as users see a ‘zero’ balance on their accounts. Social media has been flooded with rage from crypto enthusiasts as users cannot access funds from the leading U.S. exchange. Some users have also reported errors in buying and selling, leading to further frustrations. Coinbase immediately acknowledged this error and said it was being...
As Bitcoin’s price grazed the $64,000 milestone on Feb. 28, market indicators indicate an imminent rally to new all-time highs above $70,000. Bitcoin (BTC) grabbed headlines again on Feb. 28, as prices surged to a daily timeframe peak of $64,000, its highest in 830 days. With whale investment metrics still flashing green signals, a new all-time...
