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 […]
Coinbase CEO Teases S&P 500-Style Crypto Fund
Coinbase CEO hinted at a new cryptocurrency index fund, the “Coinbase 500,” aiming to offer diverse digital asset exposure similar to the S&P 500. Coinbase CEO, Brian Armstrong discussed an intriguing new strategy on the most recent earnings call for the company. With the intention of giving individual investors diverse exposure to the cryptocurrency market, […]
India’s NCB Combats Darknet Drug Deals Using Crypto Tracking
As part of its endeavors to combat drug trafficking in India, the Narcotics Control Bureau (NCB) is actively tracking cryptocurrency payments on the darknet. On July 24, Nityanand Rai, the minister of state for home affairs, disclosed India’s present approach to restricting the import and interstate movement of narcotic drugs during a parliamentary discussion. Data […]
Crypto Can Aid Unbanked Population – Nigeria’s SEC DG
Emomotimi Agama, the Director General of SEC in Nigeria, has emphasized the potential of crypto to provide substantial benefits to the country’s unbanked population. According to local news outlets, Agama predicted that Nigeria’s cryptocurrency market would reach $52.5 million by 2028 during the 2024 Annual Conference of the Association of Capital Market Academics of Nigeria. […]
Italy Considers $5.4m in Penalties for Crypto Insider Trading
According to reports, Italy is thinking about raising the penalties for cryptocurrency offenses in an effort to lessen market manipulation. Reuters has discovered that Italy’s government is considering more severe sanctions for individuals manipulating the cryptocurrency market, citing a draft decree. If the proposed legislation is enacted, it will impose punishments for crimes like insider […]