Digital asset investment products experienced significant buying activity last week, resulting in inflows of $1.44 billion. This brings the year-to-date total to a record $17.8 billion, far exceeding the 2021 figure of $10.6 billion, according to Coinshares. Record Inflows in Digital Asset Funds Amid Price Weakness, Report Shows This week, James Butterfill, lead analyst at…
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Blockchain firm Partior announced on July 12 that it had closed a $60 million Series B funding round led by Peak XV Partners. The investment will be used to enhance Partior’s capabilities, including intraday foreign exchange swaps, cross-currency repos, and just-in-time multi-bank payments. Partior Aims to Integrate Ten More Currencies JPMorgan and Standard Chartered-backed blockchain…
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Binance is celebrating its seventh anniversary, reflecting on its growth and achievements in the rapidly evolving cryptocurrency industry. In an open letter, Binance CEO Richard Teng shared his insights and perspective on the company’s journey and future. Binance CEO Richard Teng on Successes, Challenges, and the Road Ahead In his reflection shared with Bitcoin.com News,…
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Digital assets showed significant growth in the first half of 2024, driven by increased institutional interest and the approval of spot bitcoin ETFs. According to a report from CME Group and Glassnode, these factors have cemented digital assets as a crucial asset class with unique opportunities and inherent risks. Institutional Interest Drives Digital Asset Growth…
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The Securities and Exchange Commission (SEC) has decided to end its investigation into Paxos, a New York-based issuer of stablecoins, suggesting that stablecoins may not be treated as securities in most cases. This decision comes more than a year after the SEC sent Paxos a Wells Notice concerning the BUSD stablecoin, which is backed by…
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While investors generally prefer physical assets to digital ones, the findings of a new study indicate an overwhelming majority of Gen Zers are “more likely than other generations” to trust digital assets in uncertain times. The survey also found that 89% of gold investors consider it a long-term investment with nearly half of the respondents…
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Swiss crypto bank Amina Bank has partnered with Pyth Network to provide more accurate price feeds for users. This collaboration brings Amina Bank closer to its goal of enhancing the user experience and accessibility of Web3 applications. The real-time price feeds allow Amina Bank to generate an entirely new revenue stream for its business without…
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Over the past 11 years, dating back to 2013, bitcoin has typically experienced positive performance in July, with five of those months seeing gains exceeding 16%. This year, however, July is shaping up to be negative. Historical data for August and September suggests a trend of underwhelming returns, potentially persisting until October, which is known…
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Over the past week, non-fungible token (NFT) sales have increased despite the significant decline in the broader crypto market. Approximately $109 million in NFT sales were recorded, marking an 8.1% rise from the previous week. NFT Transactions Surge 45.57% as Weekly Sales Hit $109M NFT sales rebounded in the past seven days, climbing 8.1% to…
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Grayscale’s Ethereum Trust (ETHE) has shifted from a discount to a premium in its net asset value (NAV) for the first time since November 2021, as reported by ycharts.com metrics. This adjustment comes just before the expected debut of spot ether exchange-traded fund listings expected to launch later this month. On July 2, 2024, ycharts.com…
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