Day: June 26, 2023

BCH Price Jumps to One-Year High Fueled by Spiking Social Interest, EDX Markets Support

The Bitcoin Cash network was forked from the original Bitcoin blockchain in July 2017 and aimed to serve as a payment network. Despite early optimism, the blockchain’s traffic is dwarfed by Bitcoin’s transaction numbers. Some $92 million in BCH has been transferred in the last 24 hours, compared to $11 billion in BTC, blockchain data by BitInfoCharts show. BCH is still 95% down from its $4,355 all-time high price reached in December 2017, according to CoinMarketCap. Source

Crypto investment products see largest weekly inflow since July 2022

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A recent surge in activity surrounding exchange-traded funds has led to the largest weekly inflow for digital asset investment products since July 2022, according to a June 26 report via CoinShares. Totalling $199 million, inflows for the week of 19–23 June turned around a nine-week string of consecutive outflows, with Bitcoin (BTC) representing the lion’s share at $187 million (94% of overall inflows). This week in Fund Flows, by @jbutterfill: A sharp shift to bullishness among investors, injecting US$199m in digital asset investment products. This marks the largest single weekly…

Hong Kong’s HSBC Allows Customers to Trade Bitcoin, Ether ETFs but That’s Not Really News

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How to use DeFi the right way — This latest guide can help

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The cryptocurrency market saw an explosion of growth during the 2021 decentralized finance (DeFi) Summer and increased fear of missing out (FOMO), which drove prices of Bitcoin (BTC) and much of the cryptocurrency market to all-time highs. During that time, the total value locked (TVL) across DeFi rose to nearly $180 billion before crashing down to earth.  After the past few weeks of the BTC price crossing the $30,000 threshold, some are speculating if the market is gearing up for another bull run. That could signal interest from both veterans…

HSBC unveils bitcoin and ethereum ETF in Hong Kong

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied HSBC, one of Hong Kong’s largest financial institutions, has made history by enabling its clients to trade bitcoin and ethereum exchange-traded funds (ETFs), becoming the first bank in the city to do so. Expanding access to crypto in Hong Kong In response to the rising demand for cryptocurrency investments and the Hong Kong government’s push for greater support in the digital assets industry, HSBC has taken a groundbreaking step. Effective June 26, the bank introduced the…

Apple to Launch New Products Including iPhone 15 and Watch Ultra This Year

Apple would likely go ahead with a fall release for the iPhone 15, along with a few other new products slated for this year and 2024. Apple has a few new products in its roadmap for 2023 and well into 2024. The expected new products include the iPhone 15 and a new Apple Watch, among others. A Bloomberg report has highlighted products Apple lovers should expect following the company’s Vision Pro mixed-reality headset debut. For instance, Apple intends to release the iPhone 15 sometime in the fall of this year. While there is…

Bomb threats targeting US retailers demand bitcoin payments, FBI involved

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Law enforcement authorities in the US are intensifying efforts to investigate a series of bomb threats targeting major retail chains, with the culprits demanding payments in bitcoin, according to a WSJ report. Over the past few months, prominent grocery operators and stores, including Kroger, Walmart, and Amazon’s Whole Foods Market, have been the recipients of threatening calls. The anonymous callers have explicitly threatened to detonate bombs if their demands for bitcoin payments or other forms of…

Bitcoin surfs $30K as traders hope US trading will boost BTC price

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Bitcoin (BTC) circled $30,500 at the June 26 Wall Street open as bulls held newfound support. BTC/USD 1-hour chart. Source: TradingView Bitcoin ETF hype puts demands on U.S. session Data from Cointelegraph Markets Pro and TradingView showed BTC price action retaining $30,000 around the weekly close. The largest cryptocurrency began the week on a stable note as U.S. markets began trading, with observers hoping for a copycat move from the week prior. Then, the U.S. had provided the lion’s share of buyer interest, following multiple announcements of institutional product applications…

Binance market share declines amid legal challenges

Binance, a prominent player in the cryptocurrency exchange industry, has experienced a notable decline in market share amid increasing regulatory scrutiny and legal challenges. Recent data from Kaiko reveals that Binance’s spot trading market share reached its lowest point in nearly a year, standing at 55.9% in June 2023.  This decline can be attributed to various regulatory actions against the exchange, particularly by the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). In the United States, the SEC and the CFTC have filed complaints and…