Bitcoin ETF Trading Volume Tops $1B Amid Crypto Crash
Due to the collapsing markets and an 8% decline in Bitcoin ETF prices, high trading activity of Bitcoin ETFs was responsible for this surge. Alex Thorn, head of research at Galaxy Digital claimed in a post on the X platform that trading volumes for Bitcoin exchange-traded funds (ETFs) jumped beyond $1 billion at the start […]
Xapo Bank Launches Interest-Earning Bitcoin and Fiat Accounts in the UK
Xapo Bank becomes the first bank in the United Kingdom to introduce interest-bearing Bitcoin and fiat banking accounts. Xapo Bank , based in Gibraltar, has officially entered the United Kingdom market after securing its local banking license. However, the bank is introducing new banking services to accommodate users who seek to hold Bitcoin. Xapo Bank […]
Elon Musk Reopens Lawsuit Against Sam Altman’s OpenAI
Elon Musk has re-escalated his case against Sam Altman’s OpenAI, claiming it violated the founding contracts by favoring commercial interests. The well-known American entrepreneur Elon Musk has garnered global attention again by re-escalating a lawsuit against Sam Altman’s OpenAI. According to a recent report , the Tesla and SpaceX lead is once again suing the […]
Crypto Hackers Use Stolen Funds to Buy Ethereum Dip
Hackers leverage stolen funds from the 2022 Nomad bridge hack to buy 16,892 ETH at a major discount during the market drop. Cryptocurrency hackers see the ongoing collapse in the market as an opportunity to acquire Ether at a huge discount by using stolen funds from previous heists. On August 5, 16,892 Ether was purchased with stolen crypto funds […]
US Fed Holds Emergency Meeting Amid Japan Market Crash
The US Fed called an emergency meeting today following the collapse of Japanese markets, causing a global panic selloff. Experts estimate a 50-bps rate cut after the meeting. The US Federal Reserve (Fed) reportedly summoned an emergency meeting unprecedentedly today. With the global markets experiencing severe downturns, this meeting aims to reevaluate interest rates. Moreover, analysts […]