Day: 17 April 2024

Crypto advisory services company Abra has unveiled two new products in its bid to expand its services to more sophisticated clients. In a press release issued on Wednesday, April 17, 2024, the firm announced the launch of the two integrated offerings—Abra Prime for institutional customers and Abra Private for private ...

Bitcoin's price, currently hovering above $60,000, has drawn keen attention from market observers amid signals of a potential rebound. Despite recent liquidations of long positions, traders are cautiously optimistic about a price upturn, noting high bid liquidity near crucial support levels, which suggests a market ripe for a bullish reversal. ...

Upbit, a popular South Korean cryptocurrency exchange, has announced that it is suspending deposits and withdrawals due to changes affecting Ten&Ten, a local virtual asset provider which acts as the key facilitator of these services on the platform.  The exchange cited the suspension of Ten&Ten's Travel Rule Solution service as ...

Bitcoin Depot, a United States-based Bitcoin ATM operator, has announced its retail collaboration with Fareway Stores, a growing grocery store with over 130 locations across the Midwestern United States. In a press release issued on Wednesday, April 17, Bitcoin Depot disclosed plans to roll out Bitcoin ATMs (BTMs) in more ...

Bloomberg's senior ETF analyst, Eric Balchunas, has predicted that BlackRock's $IBIT spot Bitcoin exchange-traded fund will overtake Grayscale's Trust Bitcoin Shares ($GBTC) by the end of the month.  Eric Balchunas, in a social media post on Wednesday, April 17, drew attention to the rapidly changing landscape of bitcoin ETFs. He ...

Two United States Senators have proposed new legislation to regulate stablecoin cryptocurrencies and clarify their role in the country's financial landscape. On Wednesday, April 17, Bloomberg reported that Senator Kirsten Gillibrand of New York and Senator Cynthia Lummis of Wyoming jointly introduced the Lummis-Gillibrand Payment Stablecoin Act in their latest ...

Royalties are payments made by one party to another for the use of their assets. This term is commonly associated with the music industry, where artists allow their recordings to be played on the radio, streamed online, or used by other musicians in exchange for a fee. Not just musicians ...

For the third day in a row, spot bitcoin exchange-traded funds (ETFs) in the United States have experienced net outflows. According to data from SoSoValue, more than $58 million was withdrawn from the ETF market during the trading day ending April 16, 2024.  Grayscale's Bitcoin Trust ETF ($GBTC) accounted for ...

Financial Analyst and author Lyn Alden has suggested that Bitcoin (BTC) could reach the $100,000 price mark or beyond within the next eighteen months.  In a recent interview, Alden pointed out that the current supply dynamics could set Bitcoin on its path towards six-figure prices in just months. She noted ...