On Thursday, the first Solana spot exchange-traded fund (ETF) product raised over $2.75 million during its public offering on B3, the Brazilian stock exchange. The product, previously approved for trading by the Brazilian securities regulator (CVM), is offered by QR Asset, which also has a bitcoin-based ETF product. The offering managed to raise only 15% […] Source
Solana is now trading around a critical support level after experiencing a 15% decline from its local highs at $162.36. While Solana has shown relative strength compared to other altcoins, the recent price action has introduced heightened volatility and potential risks for investors. Related Reading Fear and uncertainty currently dominate the market, with key data from Coinglass revealing a bearish sentiment among traders. This sentiment shift reflects the broader market concerns as Solana approaches this crucial support level. The coming days will be pivotal in determining whether Solana can stabilize…
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On Thursday, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) experienced $71.73 million in outflows, with reductions seen across five distinct funds. Notably, Grayscale’s ETHE led the spot ether ETFs, which faced $1.77 million in outflows, by losing $5.35 million. Bitcoin and Ether ETFs Face Outflows During the trading sessions on Aug. 29, the collective […] Original
PRESS RELEASE. Lagos, Nigeria, 29th August 2024 – On Thursday, African-founded cryptocurrency exchange, Quidax announced that it has become the first crypto exchange to receive a provisional operating license by Nigeria’s Securities and Exchange Commission (SEC) as a Digital Assets Exchange. The license which was presented by the Securities and Exchange Commission grants Quidax the […] Source
Since its inception in 2009, Bitcoin has evolved from a niche concept into a driving force within global financial markets. This remarkable transformation is anchored by two key pillars: a utility-driven ecosystem that offers innovative solutions, and a visionary reimagining of the future of finance. Central to this evolution is the community that validates these […] Original
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for…
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 30, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
The world of cryptocurrency is never short on surprises, and the latest buzz centers around the unexpected but strategic move by holders of Fetch AI (FET) to dive into the burgeoning AI-powered gambling market through Mpeppe (MPEPE). This bold shift signals not only a growing interest in decentralized gambling but also the potential for significant synergies between artificial intelligence and blockchain technology. Let’s delve into how Mpeppe is capturing the imagination of Fetch AI (FET) holders and what this could mean for the future of both AI and gambling. The…
Rebeca Moen Aug 30, 2024 12:09 Artfi uses Sui’s dynamic NFT technology to fractionalize high-end artworks, making blue-chip art investments accessible to a wider audience. Artfi, a company aiming to democratize high-end art investments, is leveraging the Sui blockchain to make blue-chip art accessible to a broader audience by fractionalizing artworks using dynamic NFT technology, according to The Sui Blog. Transforming Art Investments Founded by Asif Kamal, Artfi seeks to enable more people to invest in world-class art by turning high-end artworks…