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Cryptocurrencies prices fell on Thursday morning as the total crypto market cap tanked by more than 4% to around $919 billion. In the specific digital asset markets, Bitcoin (BTC/USD) dropped by more than 4% to trade at lows of $18,300. As Invezz highlighted earlier today, Bitcoin price had retreated below $19,000 amid negative sentiment ahead […]
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MakerDAO has initiated an investment, where $500 million of the funds that are collateralizing the Dai (DAI/USD) stablecoin will be relocated to US Treasuries and corporate bonds, with the main goal of providing the protocol with an additional yield at low risk. Maker (MKR/USD) is the governance token of the MakerDAO and the Maker Protocol, […]
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The Financial Stability Oversight Council (FSOC) in its latest report on cryptocurrencies suggests the digital assets market needs a lot more policing to help curb potential risks likely to crop up given the rapid adoption across the financial system. The committee’s report has 10 recommendations, among which one seeks to see Congress grant more power […]
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Bitcoin has broken above the $21,000 mark in intraday trading Friday, putting up a bear market rally as a recently hot US dollar cools some of its momentum. The weakening dollar index has seen a bump in risk asset markets, with cryptocurrencies and stocks rising yet again ahead of the weekend. Are you looking for […]
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From the east to the west, from the north to the south, from NFTs to Decentralised finance (DeFi), the negative impact of the crypto-winter has been undeniable. in fact, according to DefiLlama, the DeFi ecosystem registered a 69% decline in total volume locked (TVL) on protocols across all chains in the first half of the […]
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The bipartisan crypto bill by US Senators Cynthia Lummis and Kirsten Gillibrand is unlikely to go to a vote this year, Lummis said on Tuesday. According to the lawmaker, the crypto legislation might see a Senate vote in 2023, noting that the bill still has to go through various committees. Are you looking for fast-news, […]
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Net short exposure in the Proshares Short Strategy Bitcoin ETF (BITI) grew 300% last week, according to a report from crypto platform Arcane Research. Per the firm, investor exposure in BITI, a recently launched inverse BTC exchange traded fund – the first in the US market – increased by more than 300% this past week. […]
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Voyager Digital Ltd (VOYG: TSE) (VYGVF: OTCQX) has today announced that it has started a voluntary Chapter 11 process saying that it is doing so to maximize value for its stakeholders. After the announcement was made, Voyager stock price took a hit and it dropped almost 12%. As part of the Chapter 11 process, Voyager […]
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This video is featured on The Daily Forkast, July 4th, 2022, presented by Joel Flynn for the latest in blockchain & crypto news. The following were highlighted: Monthly NFT sales fall below US$1 billion for the first time in a year. (https://forkast.news/monthly-nft-sales-below-1billion-12-months/) Meanwhile, Three Arrows Capital files for Chapter 15 bankruptcy in the US. (https://forkast.news/headlines/three-arrows-capital-chapter-15-bankruptcy/) […]
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VanEck, one of the ETF & Mutual Fund Manager firms to ever file for a Bitcoin ETF, has once again re-filed for a physically-backed Bitcoin ETF with the US Securities and Exchange Commission (SEC) after its first application was rejected. VanEck seems not to be giving up its fight to be allowed to issue a […]
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