Crypto investment funds attract $36M in capital despite market turmoil

Crypto investment funds attract $36M in capital despite market turmoil

Cryptocurrency investment funds recorded a sizable increase in inflows last week, signaling that institutional investors were still gaining exposure to digital assets despite extreme volatility in the market.  Digital asset investment products registered $36 million in cumulative inflows for the week ending Feb. 27, according to CoinShares data. Regionally, new investments were heavily one-sided, with…

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UK Passes Landmark Cryptocurrency Bill, King Charles Gives Royal Assent

The UK’s cryptocurrency bill becomes law, granting regulatory oversight and establishing a legal framework for crypto transactions in the country. Key Points In a significant development for the financial sector of the United Kingdom, the highly anticipated cryptocurrency bill has officially become law. Acknowledging the growing significance of decentralized finance, the UK joins a list…

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SEC again delays decision on Grayscale’s Bitcoin ETF

SEC again delays decision on Grayscale’s Bitcoin ETF

The United States Securities and Exchange Commission (SEC) has once again delayed its ruling on whether to approve Grayscale’s application for a Bitcoin (BTC) exchange-traded fund (ETF), citing familiar concerns around manipulation, liquidity and transparency.  In a notice published Friday afternoon, the SEC expressed concerns about how the digital asset manager intends to convert its…

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MIRO launches AI-powered autonomous payment system for Bitcoin L2

MIRO’s New Payment Infrastructure MIRO, a Bitcoin-based layer-2 payment platform, has announced what I think is quite an interesting development in autonomous payments. They’re introducing AI-driven machine-to-machine and wallet-to-wallet payment capabilities. This seems to be their attempt to create more streamlined interactions between digital systems without constant human intervention. From what I can gather, the…

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Bitnet Expands with NFT Innovation and Community Growth, Offering New Investment Horizons

Location, April 9, 2024 – Bitnet, a premier Bitcoin fork for electronic cash, today announced an enriching expansion into Non-Fungible Tokens (NFTs) alongside significant enhancements to its robust open-source community. This strategic development not only diversifies Bitnet’s offerings but also underscores its compelling value proposition for new investors seeking opportunities in the blockchain space. Bitnet…

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Bubblemaps alleges 30% of PEPE genesis supply was bundled at launch

Blockchain data challenges PEPE’s fair launch narrative New analysis from blockchain data visualization platform Bubblemaps is raising questions about the memecoin PEPE’s original launch story. According to their findings, about 30% of the token’s initial supply was bundled together at launch in April 2023. This contradicts the project’s branding as a “coin for the people”…

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