Blockchain & crypto news from India
Bitcoin faced a significant downturn, plunging below the $67,000 mark as the markets reacted to the looming inflation report on June 11 at the beginning of the Wall Street trading session. According to data from Cointelegraph Markets Pro and TradingView, Bitcoin hit a new local low of $66,696 on Bitstamp, signaling the lowest point for…
It is possible that the approval of another altcoin exchange-traded fund (ETF) in the United States may be influenced by political changes after the upcoming 2024 U.S. presidential election. Despite the U.S. Securities and Exchange Commission (SEC) granting permission to fund managers to list spot Ether ETFs on May 23, SEC Chair Gary Gensler recently…
According to recent reports, during the first quarter of 2024, hackers managed to illicitly acquire digital assets totaling a whopping $542.7 million. This figure represents a significant 42% surge in comparison to the corresponding period in 2023, signifying a potential uptick in the activities of cryptocurrency hackers and exploiters. If this trend continues, it is…
BlackRock and Fidelity have seen a significant increase in total ETF inflows this year, with a notable contribution from their Bitcoin exchange-traded funds (ETFs). Specifically, BlackRock’s Bitcoin ETFs have accounted for 26% of the year-to-date inflows for the company, while Fidelity’s Bitcoin ETFs have contributed to 56% of their total ETF inflows. BlackRock’s iShares Bitcoin…
The Spanish data protection authority has made a public announcement that Worldcoin has entered into a legal agreement to halt its operations in Spain until the conclusion of the current year. The Spanish Agency for Data Protection (AEPD) announced on June 4th that Tools for Humanity Corporation, the company responsible for the Worldcoin human identity…
On October 27, TokenFi, a multichain token, was introduced as the newest addition to the Floki ecosystem, garnering significant attention within the cryptocurrency community. This unique token is now open for trading on Uniswap and PancakeSwap, prominent decentralized exchanges, providing a seamless entry point for investors. Notably, TokenFi’s presence spans across both the Ethereum and…
During the initial months of 2024, Bitcoin miners in the United States incurred a substantial expense of $2.7 billion solely on electricity. As per Paul Hoffman, an analyst at Best Brokers, the cumulative electric power utilized for Bitcoin mining in the U.S. amounted to 20,822.62 gigawatt hours (GWh) since the commencement of 2024. Energy consumption…
The emergence of digital gold as a prominent alternative investment has the potential to profoundly transform the financial industry. Gold has a rich historical significance as a globally recognized currency and a traditional hedge against inflation. Its appeal as an investment in commodities has been enduring, often surpassing other asset classes like equities or foreign exchange, especially within…
Amidst the turmoil caused by the coronavirus crisis, gold refiners have been working tirelessly to address severe supply shortages resulting from market disruptions. Notably, there has been a noticeable uptick in interest surrounding digital tokens backed by gold. As Q1 of 2020 drew to a close, the gold market experienced an unprecedented “historic squeeze.” This surge in demand for…
Since the beginning of April, the cryptocurrency market has seen a surge in new token creation, with over one million new tokens coming into existence. Ethereum alone has welcomed over 370,000 new tokens, while Solana has seen the launch of more than 640,000 new tokens, predominantly memecoins. During this period, the Ethereum network has introduced 372,642…