Month: August 2024

Shiba Inu Investors Are on Their Toes as New Memecoin Steals The Show

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Shiba Inu (SHIB) has long been a staple in the meme-driven cryptocurrency space, captivating the imaginations of investors with its playful branding and potential for high returns. However, a new memecoin is quickly emerging, grabbing the spotlight and causing Shiba Inu (SHIB) investors to take notice. Mpeppe (MPEPE) is not just another memecoin; it is positioning itself as a serious contender by integrating decentralized finance (DeFi) functionalities, offering a broader range of financial services and transactions within the crypto ecosystem. This innovative approach has the SHIB community on high alert…

Bitwise acquires $1b Bitcoin ETP issuer to expand into Europe

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Crypto asset manager Bitwise has acquired London-based ETC Group, marking its expansion into Europe with over $1 billion in crypto assets under management. Bitwise, the largest crypto index fund manager in the U.S., announced the acquisition of ETC Group, a London-based crypto exchange-traded product issuer with more than $1 billion in assets under management. While the financial details of the deal were not disclosed, the acquisition signals Bitwise’s entry into the European market, adding nine European-listed crypto ETPs to its growing portfolio, the company said in an Aug. 19 press…

Bitcoin Price (BTC) Drops 2.1% While Ether Price (ETH) Falls 1.3% as CoinDesk 20 Index Trades Lower

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Seven Casino Unveils Next-Generation Digital Platform

PRESS RELEASE. Seven Casino, the trailblazer in online gaming, is thrilled to announce the official launch of its groundbreaking digital platform, setting a new standard for the online casino industry. With its cutting-edge technology, unparalleled user experience, and an expansive selection of games, Seven Casino is poised to revolutionize the way players engage with online […] Source CryptoX Portal

Bitwise Acquires London-Based ETP Provider ETC Group to Enter Europe

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Bitcoin price stuck in range as 2 charts signal big breakout

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Bitcoin’s price remained in a tight range on Aug. 19, continuing a consolidation phase that has persisted for almost two weeks. Trading at $58,000, Bitcoin (BTC) contributed to a 2.2% decline in the global crypto market cap, bringing it down to $2.06 trillion. BTC consolidation continues This uneventful price action occurred as volumes in both the spot and futures markets stagnated. Bitcoin’s open interest slightly increased on Monday to $30 billion but remained lower than this month’s peak of $36 billion. Spot market volume for Bitcoin dropped to $17 billion…

Russia’s Yandex bans ads for crypto exchanges, miners

Russia’s largest search website, Yandex, has updated its advertisement policy, banning ads for crypto exchanges, smart contracts, mining activities, and ICOs. Russia‘s most prominent search site, Yandex, has updated its advertising policies to ban ads related to crypto services within Russia. The new policy, effective immediately, is part of a broader effort to align the platform’s operations with the country’s regulations on crypto after Russia’s President Vladimir Putin signed a law that maintains strict prohibitions on the advertising of crypto and services built around its use. According to a statement from Yandex,…

XRP Outperforms as Digital Assets Start Week in the Red

TON, the digital asset associated with Telegram, outperformed the broader market, rising nearly 3% to $6.75. The gain followed HashKey announcing a partnership with TON, in which it will offer regulatory guidance and collaborate on initiatives such as popular GameFi project Catizen, a Telegram-based gaming platform with multiple cat-themed mini games. “[We’ll] focus on the TON ecosystem to offer unique Web3 gaming experiences, fostering the prosperity and development of the TON ecosystem,” Ben El-Baz, managing director of HashKey Global, said in an e-mail. “Leveraging Telegram’s advantage to attract more developers…