Cryptocurrency News

3 February

US Spot Bitcoin ETFs Soar with $5B Inflows in January, Eyeing $50B in 2024: Bitwise CIO

The surge in demand for spot Bitcoin exchange-traded funds (ETFs) in the U.S. has set the stage for a record-breaking year, with $5 billion in inflows recorded in January alone. According to Matt Hougan, Chief Investment Officer at Bitwise, the momentum could push total inflows past $50 billion by the end of 2024, solidifying Bitcoin’s position as a mainstream investment …

3 February

Coinbase Acquires Spindl to Supercharge Onchain Ads & Grow Base Ecosystem

In a strategic move to enhance its blockchain advertising capabilities, Coinbase has acquired Spindl, a rising player in onchain marketing and attribution. The acquisition is expected to strengthen Coinbase’s Base ecosystem, enabling more efficient, data-driven advertising solutions for decentralized applications (dApps) and Web3 businesses. Why Coinbase Acquired Spindl As Web3 adoption grows, traditional advertising models struggle to keep up with …

3 February

India Reconsiders Crypto Policy as Global Adoption Shifts: Report

As global cryptocurrency adoption accelerates, India is reportedly reevaluating its stance on digital assets, with officials considering policy adjustments to align with the changing global landscape. The move comes amid increasing institutional interest in crypto markets and calls for clearer regulatory frameworks to foster innovation while ensuring financial security. The Shifting Global Crypto Landscape Globally, cryptocurrencies are gaining widespread acceptance, …

3 February

Purpose Investments to Launch Canada’s First XRP ETF

Purpose Investments is set to make history by launching Canada’s first-ever XRP exchange-traded fund (ETF), offering investors a regulated and accessible way to gain exposure to the popular cryptocurrency. This landmark move comes as demand for crypto investment products continues to rise, particularly in Canada, where the cryptocurrency market is gaining momentum amid increasing institutional interest. A Milestone for Cryptocurrency …

3 February

Moscow Eyes Russian Far East as Next Big Crypto Mining Hub

In a bold move to expand its foothold in the global crypto market, Moscow is setting its sights on transforming the Russian Far East into a major cryptocurrency mining hub. With its vast land, abundant energy resources, and cold climate—ideal for cooling mining rigs—the region is well-positioned to attract large-scale mining operations. Why the Russian Far East? The Russian Far …

3 February

UBS Taps Blockchain to Transform Digital Gold Investments for Retail Investors

UBS, one of the world’s leading financial institutions, is leveraging blockchain technology to revolutionize digital gold investments, making them more accessible, secure, and efficient for retail investors. This bold move aligns with the growing trend of traditional financial giants adopting decentralized solutions to enhance transparency and reduce transaction costs. Bridging Traditional Gold Investment with Blockchain Historically, gold has been a …

2 February

French Authorities Launch Money Laundering Probe Into Binance Amid Regulatory Scrutiny

In a significant development for the cryptocurrency industry, French authorities have launched a formal investigation into Binance, the world’s largest cryptocurrency exchange, over alleged money laundering activities. The investigation comes as regulators worldwide are increasing scrutiny on the crypto industry, particularly in regard to compliance with anti-money laundering (AML) regulations and other financial laws. The Investigation and Its Implications The …

2 February

MicroStrategy Boosts Preferred Stock Offering from $250M to $584M Amid Strong Demand

In a surprising move that underscores the growing investor interest in its business, MicroStrategy has increased its preferred stock offering from $250 million to $584 million. This dramatic raise comes amid strong demand for the company’s shares, reflecting heightened market confidence in the firm’s strategies and future prospects. The decision to boost the offering signals the company’s optimism and positions …

2 February

Crypto Today: Your Daily Digest of the Latest News and Trends

Welcome to Crypto Today, your go-to daily roundup for everything happening in the world of cryptocurrency. From market shifts to regulatory updates, blockchain innovations, and breaking news, we’ve got you covered with the latest trends and key developments in the crypto space. Let’s dive into today’s highlights. Bitcoin’s Price Surge Continues: A New Bull Run on the Horizon? Bitcoin (BTC) …

2 February

Elon Musk’s Father Dives into Meme Coin Craze with ‘Musk It’ and $200M Fundraise Plan

In an unexpected twist to the ongoing meme coin frenzy, Errol Musk, father of tech mogul Elon Musk, has officially entered the space with the launch of his own cryptocurrency, “Musk It.” With an ambitious plan to raise $200 million in initial funding, Errol Musk is setting the stage for his own venture into the world of digital assets, piggybacking …