The leading cryptocurrency bitcoin traded near an all-time high on Wednesday, the day after the first U.S. bitcoin futures-based exchange-traded fund (ETF) began trading, a development that market participants say is likely to drive investment into the cryptocurrency. The world’s leading cryptocurrency by market cap was last at $63,998, off 0.4%, but still within a short jump of its record of $64,895.22, hit April 14 this year.
Fast-rising Blockchain gaming platform PlayDapp has revealed the addition of a Play-to-Earn feature on its flagship game ‘’Along with the Gods: Knights of the Dawn’’. This development is expected to build on the existing features offered by PlayDapp.
Australia’s top cyber spies are set to gain greater powers in the event of ransomware or other cyber attacks on critical infrastructure.
Circle announced today the launch of its trademark stablecoin USDC on top of the Hedera network. This action is part of the multichain commitment that Circle announced earlier this year, with the objective of further expanding the reach of the currency in the cryptocurrency market. With the addition of USDC as the first stablecoin in its ecosystem, Hedera aims to start developing its own decentralized finance (defi) environment, and it is now offering more than $2.5 billion in ecosystem grants.
Five Senators have called for the immediate closure of Facebook’s new crypto wallet just hours after it was launched in partnership with Coinbase.
China’s ban on crypto transactions pushed the neighboring India to the fore when it came to populous countries seeing a rise in crypto adoption. Boosted by the relatively cheap cost of data, several Indian crypto exchanges have reported tremendous growth in short periods of time.
Cryptocurrency investment products have seen their assets under management (AUM) hit a new all-time high of $72.3 billion ahead of the launch of the first bitcoin futures exchange-traded fund (ETF) in the United States.
ProShares’ Bitcoin Strategy exchange-traded fund (BITO) saw the highest ever first day “natural” volume for an ETF, with the figure reaching a little over $1 billion by the end of the opening day.
Cryptocurrency exchange Coinbase has partnered with the National Basketball Association (NBA). The Nasdaq-listed crypto company is now the exclusive cryptocurrency platform partner of the NBA, Women’s National Basketball Association (WNBA), NBA G League, NBA 2K League, and USA Basketball.