Bipartisan bill for blockchain competitiveness passes US House
The Deploying American Blockchains Act of 2023 gives the Commerce Department a role in advancing blockchain technology. Go to Source
Month: May 2024
CPI report spurs $932M inflows into crypto investment funds
Digital asset investment funds attracted $932 million in weekly inflows, according to CoinShares data. Go to Source
BlockDAG’s $28.5M Presale Triumph Over Bitcoin ETFs & Dogecoin
BlockDAG Tops Crypto Gainers with $28.5 Million Presale During Bitcoin ETF Boom & Dogecoin Rally As the cryptocurrency industry continues its growth trajectory, investors are increasingly looking for assets that offer growth and innovative and dependable technologies. BlockDAG captures attention by integrating state-of-the-art Directed Acyclic Graph (DAG) technology with conventional blockchain security. This synergy enhances … Read more
Analysts Boost Odds for Ethereum ETF Approval to 75% Amid SEC Chatter
On May 20, 2024, Bloomberg Intelligence exchange-traded fund (ETF) senior analyst Eric Balchunas informed his 274,000 X followers that he and his colleague James Seyffart had increased their expectations for the approval of a spot-based ethereum ETF. “Update: [James Seyffart] and I are increasing our odds of spot Ether ETF approval to 75% (up from … Read more
Crypto Startup Funding Hits $2.4 Billion in Q1
Crypto startup funding rose to $2.4 billion in the first quarter of 2024, driven by expectations of lower interest rates and the launch of the first U.S. bitcoin spot exchange-traded funds (ETFs), according to Pitchbook data. This funding, spread across 518 deals, marked a 40.3% increase from the previous quarter, even as global venture capital … Read more
SEC rumored to be reconsidering spot Ether ETF denial, say analysts
ETF analysts James Seyffart and Eric Balchunas said they had increased their odds of the SEC approving a spot Ether exchange-traded fund from 25% to 75%. Go to Source
Bitcoin price hits $70K as spot and BTC ETF buying surges
Analysts believe Bitcoin price is en route to new highs now that the recent consolidation phase has come to an end. Go to Source
Ripple Unveils Brazil Fund for Supporting Local XRP Ledger Projects
Ripple, the cryptocurrency services and payments company, has recently unveiled a local fund to support Brazil-based projects using XRP Ledger, the XRP asset blockchain. Julia Heitner, Program Manager of the XRPL Grants program, stated that Brazil was the first country where this strategy would be implemented, given the nation’s openness to blockchain initiatives. Ripple Launches … Read more
US Senate overturns SEC’s anti-crypto resolution, but will Biden veto? Law Decoded
The U.S. president remains the last barrier to recalling the problematic anti-crypto resolution by the SEC. Go to Source
Bitcoin price tops $68K but a few concerning headwinds remain
Bitcoin price shows strength as investors expect the Fed to resume printing, but a handful of global macroeconomic headwinds are still in play. Go to Source