Institutional exposure to altcoins reaches new highs
Investments in Solana-based investment products increased by an astounding 388 percent last week, with institutional investors obtaining exposure to $13.2 million worth of SOL products. Altcoin exposure is now in high demand among institutions, with the altcoin market share currently accounting for 35 percent of all capital invested in crypto investment products, according to data […]
El Salvador becomes first country to accept Bitcoin as a legal tender after 200 BTC purchase
El Salvador is the world’s first country to recognize Bitcoin as legal money, making it the first in the world to do so. Despite criticism from some local groups, the government believes that bitcoin will be a net good for the economy and society as a result of its implementation. President Nayib Bukele of El […]
Thai SEC seeks to terminate the operating license of Huobi crypto exchange
Local authorities in Thailand have ordered the suspension of Huobi’s operations in the country due to the company’s apparent failure to comply with local legislation. In a recommendation to the Ministry of Finance, the Securities and Exchange Commission (SEC) of Thailand has temporarily suspended the services of the local branch of cryptocurrency exchange Houbi and […]
Layer-two scaling protocols for Ethereum surges more than BTC
With an average gas price of $40 per gallon, it should come as no surprise that layer-two platforms are seeing an increase in utilization. According to new studies, the use of layer-two scaling protocols for Ethereum has increased dramatically in recent months as gas prices have risen again. The L2 ecosystem is now processing more […]
Caitlin Long slams The New York Times for publishing a crypto ‘alarm’ article
Caitlin Long, CEO of Avanti, a regulated crypto bank, believes that painting the entire crypto business with the same brush is unfair. Caitlin Long , the CEO of Avanti Bank and Trust, has responded to a recent New York Times piece alleging that cryptocurrency and decentralized finance is “disrupting the banking industry” at a pace […]