Strike Expands Bitcoin and Lightning Services to UK
Strike expands its Bitcoin and Lightning Network services to the UK, offering comprehensive financial features and aiming to tackle global economic issues, now available in 100 countries. Strike has announced its expansion into the United Kingdom, enabling individuals and businesses in the country to access the company’s suite of Bitcoin and Lightning Network services. These […]
Digital Collectibles Market Drops 45% in Q2
NFT sales volume dropped 45% in Q2 2024 to $2.25 billion, down from Q1’s $4.1 billion, amid Bitcoin’s downward momentum. In 2024, the sales volume of non-fungible tokens (NFTs) decreased by 45% on a quarter-over-quarter basis due to the downward trajectory of the Bitcoin market. In the first quarter of 2024, NFTs maintained the upward […]
Hong Kong Eyes DeFi, Metaverse for Fintech Expansion
Hong Kong’s government research has identified decentralized finance (DeFi) and metaverse technologies as potential for expansion in the global fintech sector. On June 25, the Hong Kong Institute for Monetary and Financial Research (HKIMR), the Hong Kong Academy of Finance (AoF) research branch, published two reports that each comprehensively analyzed the financial sector’s implications related […]
Spot Bitcoin ETFs End 7-Day Outflow Streak
U.S. spot Bitcoin ETFs saw $31 million net inflows on June 25, reversing a seven-day streak of $1.1 billion outflows, per SoSo Value data. On June 25, United States-based spot Bitcoin exchange-traded funds (ETFs) experienced a reversal, with net inflows totaling $31 million, following a week of net outflows. The data from SoSo Value suggests […]
NFTs Sales Volume Decreases by 45% in Q2 2024
CryptoSlam data shows the sales volume of non-fungible tokens (NFTs) decreased by 45% in the second quarter of 2024 due to the downward movement of the Bitcoin market. In the first quarter of 2024, NFTs maintained the upward momentum they had acquired from the fourth quarter of 2023, with a total sales volume of $4.1 […]