Despite seeing themselves as more “risk averse” than their older counterparts, nearly a third of all young Australian investors hold or have traded cryptocurrencies over the last year, a new study has found. In an Australian investor study from the Australian Securities Exchange (ASX), 46% of “next generation investors” — the report’s terminology for investors
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The S&P 500 Index (SPX) has gained for five consecutive weeks, the first such instance since November 2021. In comparison, Bitcoin (BTC) is trading well below its local high of $31,000, made on April 14. This shows a clear divergence between the performance of the two asset classes. Some analysts expect Bitcoin’s range-bound action to
Summary: Ethereum Foundation researcher Michael Neuder proposed increasing the validator balance cap from 32 ETH to 2,048 ETH. The idea being considered within the developer community would stem the growing active validator set size and optimize network efficiency. Increasing the limits of validator balances would also make room for auto-compounding of rewards, allowing validators to
In an interview with Bloomberg, ARK Invest CEO and CIO Cathie Wood recently discussed why her flagship fund, Ark Innovation (ARKK), is adding to its position in shares of Coinbase (COIN) after the SEC sued Binance, one of Coinbase’s biggest competitors. ARKK purchased nearly 330,00 shares of COIN on June 6, 2023, worth about $17
Ever since the Ethereum Name Service (ENS) was launched in 2017, Web3 users have been able to replace the long strings of characters that make up a crypto address with a more easily memorized blockchain username or Web3 domain name. For example, Ethereum (ETH) users can now send crypto to the network’s founder, Vitalik Buterin,
Bitcoin (BTC) dominance, the measure of how much Bitcoin makes up of the total crypto market cap, has breached the 50% mark. On June 19 at 6 pm UTC, Bitcoin dominance hit just above 50% and has since settled to 49.9% at the time of publication, according to data from TradingView. This means that Bitcoin
Five years after Bill Hinman delivered his speech on cryptocurrencies, Chief Legal Officer (CLO) at Ripple, Stuart Alderoty, has called for an investigation into the former Securities and Exchange Commission (SEC) official’s actions. The call comes after the SEC’s lawsuit against Ripple and the subsequent release of public emails and drafts of Hinman’s speech, which
On June 19, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” revealing that cryptocurrency investment products experienced outflows totaling $5.1 million last week. The outflows contributed to the continuation of a nine-week streak of outflows, resulting in a cumulative total of $423 million. Weekly crypto asset flows. Source: CoinShares The report
On June 19, Ethereum block explorer and analytics platform Etherscan launched a new tool, dubbed “Code Reader,” that utilizes artificial intelligence to retrieve and interpret the source code of a specific contract address. After user prompt input, Code Reader generates a response via OpenAI’s large language model (LLM), providing insight into the contract’s source code
After a momentary retest of the $25,000 support on June 15, Bitcoin (BTC) gained 6.5% as bulls successfully defended the $26,300 level. Despite this, the general sentiment remains slightly bearish as the cryptocurrency has declined by 12.7% in two months. The dismissal of Binance.US’s temporary restraining order by United States district court Judge Amy Berman
The price of Cardano (ADA) is down over 3% on June 19 after dropping over 30% in the past two weeks. Is ADA price headed for its fourth red weekly candle in a row? No respite for Cardano price bulls On June 19, ADA price fell over 3% to daily lows of $0.257 as traders
Bitcoin (BTC) emerges from a hectic macro week to circle some classic trend lines near $26,000 — what could happen next? After some brutal tests of traders’ resolve over the past seven days, BTC price is still determined to hold familiar ground. Market participants are in “wait and see” mode as a lack of clear
In the past year, more than 150 Web3 firms have set up operations in Hong Kong’s Cyberport, a digital hub set up by the country’s government to promote innovation, Financial Secretary Paul Chan Mo-po said in a statement. The influx came after the Hong Kong government invested $7 million (50 million yuan) to help Cyberport
Twitter has suspended the account of the popular memecoin-linked artificial intelligence-powered bot “Explain This Bob” after Elon Musk alleged it was a “scam crypto account.” Musk alleged the account was a scam in a tweet on June 18 in areply to the bot, the account was seemingly suspended soon after. This sure looks like a
Bitcoin (BTC) plans by BlackRock appear to have sparked a rally in the “OG” institutional BTC investment vehicle. Data from monitoring resource CoinGlass shows that on June 17, the Grayscale Bitcoin Trust (GBTC) almost hit new 2023 highs. GBTC “premium” heads below -37% Bitcoin market sentiment showed a modest improvement late last week as news
The bears lost an opportunity when they failed to sustain Bitcoin (BTC) below the $25,000 level this week. That may have attracted buying from the bulls who are attempting to start a recovery in Bitcoin and select altcoins. Additionally, BlackRock’s application to launch a Bitcoin spot price exchange-traded fund and the sustained strength in the