The number of investors withdrawing their funds from the Grayscale Bitcoin Trust (GBTC) exchange-traded fund has decreased dramatically, hitting a new record low which is around 90% less compared to the previous day. At the same time Bitcoin‘s price bounced back following the unveiling of the recent US inflation figures, market volatility ensued. On April … Read more
Senators Kirsten Gillibrand of New York and Cynthia Lummis of Wyoming are planning to present a new bill in the Senate. This proposed legislation includes two options for stablecoin issuers to gain stability. Sen. Gillibrand Plans Stablecoin Legislation The story of crypto regulation in the US remains unfolding as a new proposed law for overseeing … Read more
The price of Uniswap’s UNI token has decreased by 17 percent after the US securities regulators issued a notice of legal action, causing it to dip down to $9.27 – its lowest point since late February. More recently, the SEC announced an investigation into our exchange, which may have contributed to the recent drop in … Read more
The mining complexity for Bitcoins has reached an all-time high of 86.39 trillion following a 3.4% rise on April 10, just prior to the upcoming halving event. This latest increase surpasses the previous record of 83 trillion, set on March 28. The Bitcoin network’s hash rate determines the adjustment of the problem complexity approximately every … Read more
According to CryptoQuant’s analysis, the desire for Bitcoin among long-term investors, or “permanent holders,” surpassed its supply growth for the initial time ever. This could be a significant indicator boosting the likelihood of an increase in Bitcoin‘s value. According to a study by CryptoQuant, the desire for Bitcoins among long-term investors currently exceeds the rate … Read more