Amid a notable surge in the price of Bitcoin (BTC), which has surpassed the $67,000 threshold, attention has turned to the declining outflows from Grayscale’s Bitcoin ETF (GBTC). Data from Farside indicates that GBTC experienced outflows amounting to $79.3 million on Thursday, marking the third consecutive day with withdrawals totaling less than $100 million. This…

Ellipsis Labs, a prominent player in the crypto exchange sector, has recently secured $20 million in Series A funding, with Paradigm leading the investment round. This substantial investment is set to propel Ellipsis Labs towards further expansion of its decentralized finance (DeFi) technology stack, marking a significant milestone in its growth trajectory. Joining Paradigm in…

Ripple intends to unveil a stablecoin linked to the US dollar later this year, aligning with projections indicating that the market is poised to exceed $2.8 trillion by 2028. According to Ripple’s announcement on Thursday, the stablecoin will be fully backed by US dollar deposits, in addition to short-term US government treasuries and other equivalent…

The Philippines Securities and Exchange Commission (SEC) has stated that the retail trading platform eToro is not authorized to sell or offer securities to the public within the Philippines. According to the announcement made by the regulatory body responsible for overseeing the registration and regulation of securities, while eToro appears to be a registered broker/dealer…

Following Bitcoin’s (BTC/USD) bounce back from a critical support level at $65,000, speculation abounds regarding its future direction. As BTC exceeds the $69,000 mark, anticipation mounts ahead of the impending halving event, prompting investors to carefully evaluate its potential ramifications on its valuation. This analysis explores the various factors shaping Bitcoin’s price movement, scrutinizing market…

The Bank of England (BoE) and the Financial Conduct Authority (FCA) of the United Kingdom have initiated a comprehensive consultation process to gather feedback on the draft guidance for their Digital Securities Sandbox (DSS). This sandbox is specifically designed for testing distributed ledger technology (DLT) applications. Through this sandbox, participants will have the opportunity to…

in brief Dogecoin (DOGE) price sees an uptick attributed to whale activities, prompting analysts to forecast a 77% surge in the short-term for the meme-coin. Filecoin (FIL) now anchors the first decentralized computing network on its L1. FIL’s price registers a 5% surge, with analysts anticipating further increases. Rebel Satoshi ($RECQ) emerges as a prime…

The race among investment banks to secure the coveted title of being the first to introduce spot Bitcoin exchange-traded funds (ETFs) in the United States has reached a fever pitch, with Morgan Stanley and UBS emerging as frontrunners in this fiercely contested battle. As reported by crypto insider Andrew AP Abacus, both financial powerhouses are…

An Abuja court hearing has disclosed that the arraignment of two Binance executives, who were detained by Nigerian authorities against their will, has been rescheduled for April 19. The Nigerian authorities are pursuing criminal charges against the crypto duo from Nigeria. Tigran Gambrayan, Binance’s head of financial crime compliance, and Nadeem Anjarwalla, the regional manager…