Blockchain & crypto news from India
Bitcoin mining difficulty has recently undergone another adjustment, hitting a new all-time high of 86.4 trillion, according to data from BTC.com. Bitcoin mining difficulty refers to the level of computational difficulty that is required in order to mine a new block of Bitcoin transactions. This difficulty level is adjusted every two weeks to ensure that…
Deutsche Bank’s latest survey on Bitcoin has revealed a noteworthy shift in consumer sentiment towards the world’s leading cryptocurrency. While the survey results show that skepticism among consumers has decreased slightly, it still remains a cause for concern. Interestingly, the survey found that less than one-third of the respondents believe that Bitcoin’s price will experience…
The financial authorities in South Korea have announced their intention to introduce new guidelines that aim to impose stricter regulations for token listings on centralized cryptocurrency exchanges. These guidelines are expected to be unveiled by the end of April or the beginning of May, and are aimed at ensuring a safer and more secure environment…
During the current crypto bull market, the value of the top cryptocurrency exchange insurance funds has increased by over $1 billion. To be specific, the balances of Bitcoin, BNB, Tether, and TrueUSD (TUSD) that make up Binance’s Secure Asset Fund for Users (SAFU) have exceeded $2.03 billion as of April 3. This marks a significant…
In the last week, there has been a significant increase in the amount of digital assets flowing into cryptocurrency investment products. The net inflow of funds for this period was $862 million, which is a stark contrast to the previous week where there were net outflows of $931 million. This shift in trend indicates a…
On March 29, the Bitcoin market witnessed the most significant quarterly expiration event of Bitcoin futures options in its history. Despite this, the Bitcoin price managed to hold steady above the $69,000 mark, which is impressive. This indicates that the market remains confident in the future of Bitcoin, despite the high level of activity and…
The entity that holds the fifth-largest Bitcoin address, commonly referred to as “37X”, has recently made a significant transfer of over $6 billion worth of BTC. This transfer is noteworthy because it is the first time that this Bitcoin whale has moved its funds since 2019. According to reports, the transfer involved the movement of…
Coinbase, a popular cryptocurrency exchange, has announced its intention to launch futures trading products for Dogecoin. According to Coinbase, the decision to offer futures trading for Dogecoin is based on the cryptocurrency’s “enduring popularity,” which suggests that it has gone beyond its meme origins to become a staple in the cryptocurrency industry. Dogecoin, which was…
Fidelity, a well-known player in the financial services industry, has plans to utilize a portion of Ether held within their proposed spot Ether exchange-traded fund (ETF) to offer investors an added source of income. This move is aimed at enhancing the returns for investors in the ETF. On March 18, Fidelity submitted a 19b-4 amendment…
On March 18, there was a significant movement of Bitcoin from the Grayscale spot Bitcoin exchange-traded fund (ETF). This was the largest outflow since the fund’s conversion to a spot ETF on Jan. 11. The outflows amounted to a whopping $640 million worth of Bitcoin. This event has garnered attention from the cryptocurrency community, as…