Auto Added by WPeMatico

Study: Bitcoin Millionaires up by 111%, Crypto Users Reach 560 Million

A new report reveals a significant increase in wealthy crypto asset holders, with bitcoin (BTC) millionaires rising 111% to 85,400 and individuals with crypto assets worth $1 million increasing 95%…

Continue ReadingStudy: Bitcoin Millionaires up by 111%, Crypto Users Reach 560 Million

Bitcoin Market Reaches ‘Equilibrium’ as Speculation Declines, Glassnode Reports

The bitcoin market has hit a phase of tranquility, where investor enthusiasm has cooled, and speculative activity has sharply decreased. According to a thorough report from Glassnode, this quiet spell…

Continue ReadingBitcoin Market Reaches ‘Equilibrium’ as Speculation Declines, Glassnode Reports

Coinbase Shares Tips to Protect From Crypto Scams

Crypto exchange Coinbase supports the Australian government’s Scams Awareness Week, emphasizing the importance of consumer education to combat fraud. Coinbase APAC’s managing director offered tips for investors to protect themselves…

Continue ReadingCoinbase Shares Tips to Protect From Crypto Scams

SEC Issues Wells Notice to Opensea, Alleging NFTs on the Marketplace Are Securities

The U.S. Securities and Exchange Commission (SEC) has issued a Wells notice to Opensea, signaling potential enforcement action against the NFT marketplace. Opensea’s CEO criticized the SEC’s move, claiming it…

Continue ReadingSEC Issues Wells Notice to Opensea, Alleging NFTs on the Marketplace Are Securities

Hilbert Capital and Xapo Bank Collaborate to Launch Bitcoin Hedge Fund

Swedish public company Hilbert Group’s asset management division has partnered with Xapo Bank to launch a bitcoin-denominated hedge fund in September. The fund is expected to attract over $200 million…

Continue ReadingHilbert Capital and Xapo Bank Collaborate to Launch Bitcoin Hedge Fund

Nasdaq Seeks SEC Approval to Launch Bitcoin Index Options

Nasdaq has filed with the U.S. Securities and Exchange Commission (SEC) to list and trade Bitcoin Index Options. The company aims to provide new tools for institutional and retail investors…

Continue ReadingNasdaq Seeks SEC Approval to Launch Bitcoin Index Options

Semler Scientific Acquires More Bitcoin, Citing Institutional Adoption Growth

Semler Scientific has purchased 83 more bitcoins for $5 million, bringing its total holdings to 1,012 BTC. The company expressed optimism about the increasing institutional adoption of bitcoin, emphasizing: “We…

Continue ReadingSemler Scientific Acquires More Bitcoin, Citing Institutional Adoption Growth

Paypal’s PYUSD Stablecoin Reaches $1 Billion Market Cap in Just Over a Year

On Aug. 26, Paypal’s PYUSD stablecoin hit the $1 billion mark for the first time since its launch in August 2023. Initially rolled out on Ethereum, PYUSD has seen a…

Continue ReadingPaypal’s PYUSD Stablecoin Reaches $1 Billion Market Cap in Just Over a Year

Bitcoin Inflows Reach $543 Million as Powell Suggests Rate Cuts, Coinshares Reports

Coinshares, led by researcher James Butterfill, reports a significant uptick in bitcoin inflows following recent comments from Federal Reserve Chair Jerome Powell. The investment surge reflects the market’s response to…

Continue ReadingBitcoin Inflows Reach $543 Million as Powell Suggests Rate Cuts, Coinshares Reports

Crypto Exchange Gate.io Secures Sponsorship Deal With Italian Soccer Giant Inter Milan

Crypto exchange Gate.io has secured a sleeve sponsorship deal with Inter Milan, the reigning Italian champions. Gate.io’s logo will be displayed on both men’s and women’s team jerseys. Both parties…

Continue ReadingCrypto Exchange Gate.io Secures Sponsorship Deal With Italian Soccer Giant Inter Milan