In the past month, cryptocurrency investment products attracted $2 billion in investments, pushing year-to-date inflows over $15 billion. The recent week alone saw $185 million invested. Bitcoin-focused products received $148 million in inflows, while Ethereum products got $33.5 million following the SEC’s approval of spot Ether ETFs in the US. Solana-related products saw $5.8 million … Read more
Solana, ranked as the fourth-largest blockchain by total value locked (TVL), is witnessing a surge in institutional adoption. Robinson Burkey, co-founder and chief commercial officer of Wormhole Foundation, highlighted the growing trend of financial institutions embracing the Solana blockchain to future-proof their services. He emphasized that industry leaders like PayPal, Stripe, and Visa are recognizing … Read more
The University of Austin is making waves by embracing Bitcoin as a payment option, with plans to create a $5 million Bitcoin fund through donations. Partnering with Unchained, a cryptocurrency platform, they aim to hold onto BTC for the long term. Thomas Hogan, an associate professor, believes this move sets a precedent for academic institutions … Read more
A recent YouTube video delves into the journey and goals of Charles Hoskinson, one of Ethereum’s co-founders who later created Cardano to overcome the limitations of existing blockchain systems. After leaving college, Hoskinson mined Bitcoin in 2013 and founded the Bitcoin Education Project, educating numerous individuals about . However, encountering challenges in modifying blockchain code … Read more
In a recent podcast, Ripple’s Chief Technology Officer, David Schwartz, discussed the robust security measures of the XRP Ledger, highlighting only one conceivable vulnerability in the network. Schwartz detailed that the XRP Ledger employs a Proof-of-Association (PoA) consensus mechanism, prioritizing the first transaction received to prevent double-spending and ensuring integrity. Confidently, Schwartz affirmed that the … Read more
Kraken, a prominent cryptocurrency exchange, has witnessed its highest Bitcoin and Ethereum outflows since 2017, signaling significant changes in the market as investors opt for self-custody and long-term holding strategies. According to insights from Joao Wedson of Dominando Cripto, shared on CryptoQuant, Kraken experienced an outflow of 49,100 BTC (approximately $3.33 billion) and 572,100 ETH … Read more
Bitpanda, a crypto trading platform, has recently partnered with Deutsche Bank, enabling German crypto traders to conduct real-time inbound and outbound payments seamlessly. This collaboration enhances transaction efficiency and security while ensuring robust liquidity for Bitpanda’s users in Germany. Through the partnership, Bitpanda gains access to Deutsche Bank’s application programming interface (API)-based account solution, facilitating … Read more
The recent approval of the Ethereum Spot ETF by the SEC on May 24, 2024, has prompted a notable increase in the movement of ETH holdings across various crypto exchanges. According to Cryptoquant, around 800,000 ETH worth $3 billion were withdrawn from exchanges within an eight-day period, although the individuals or entities behind these significant … Read more
Core Scientific’s latest move involves sealing a substantial $3.5 billion, 12-year deal with CoreWeave, a cloud service provider supported by Nvidia. This partnership signifies a strategic transition for Core Scientific, expanding its focus beyond Bitcoin mining to encompass high-performance computing (HPC) and machine learning. With CoreWeave’s assistance, Core Scientific aims to upgrade its infrastructure to … Read more
Crypto exchange Coinbase has disclosed a $25 million donation to fairshake, a crypto-focused super PAC, as part of its increased lobbying efforts ahead of the November U.S. elections. According to Coinbase CEO Brian Armstrong, this latest contribution brings the total raised by Fairshake and its affiliates to $160 million for this election cycle, matching recent … Read more