OpenSea, the leading NFT marketplace during the 2021-2022 bull run, is now in the middle of a transition to a new “OpenSea 2.0” launch with a much leaner team following layoffs last fall. And we’re starting to understand what that will look like as the once-dominant marketplace considers its evolution and next steps. On Tuesday, OpenSea announced support for the…
The Monetary Authority of Singapore (MAS) is broadening its regulatory framework for crypto service providers through amendments to the Payment Services Act, aiming to enhance user protection and safeguard financial stability. Announced on Tuesday, the amendments will be implemented in stages, starting from April 4. The MAS emphasized that these changes will encompass custodial services for digital payment tokens (DPTs),…
Crypto.com is set to introduce its digital asset trading services in South Korea by the end of this month, as announced on Tuesday. This move comes as part of Crypto.com’s acquisition of local exchange OK-BIT in 2022. The forthcoming platform from Crypto.com will replace the operations of OK-BIT, which is gradually winding down its services. Eric Anziani, President and COO…
Spot Bitcoin exchange-traded funds (ETFs) witnessed a significant surge in trading volume in March, reaching a staggering $111 billion. This notable increase, nearly tripling the trading volume from February, underscores the sustained interest of investors in BTC. According to data provided by Bloomberg ETF analyst Eric Balchunas, spot Bitcoin ETF trading volume soared to $111 billion in March, compared to…
Volatility in the cryptocurrency market has triggered liquidations surpassing $400 million in the past 24 hours. Bitcoin positions alone accounted for $130 million in liquidations, predominantly affecting long positions. The recent volatility in the crypto market led to a surge in liquidations on centralized exchanges, coinciding with Bitcoin’s decline below the $67,000 mark, followed by a broader downturn across the…
Agora, a stablecoin issuer, has successfully raised $12 million in seed funding, according to reports. Leading the round is venture firm Dragonfly, with additional contributions from General Catalyst and Robot Ventures. Agora’s primary objective is to introduce a USD-pegged stablecoin, backed by cash reserves, U.S. Treasury bills, and overnight repurchase agreements. The company aims to establish partnerships with exchanges and…
After closing out March with a dip and tepid recovery, net flows to Bitcoin exchange-traded funds (ETFs) have kicked off the week in the red. Investments were negative yesterday with outflows of $85.7 million, data from BitMEX Research shows. Last Thursday, for the third consecutive day in a row, more than $100 million entered the popular new funds, bringing the…
Ethena has initiated the claim process for its governance token (ENA) airdrop, allocating 750 million tokens, equivalent to 5% of its total supply of 15 billion, to eligible participants. The project has announced that the token will commence trading on various centralized exchanges, starting at 4:00 a.m. EST. This airdrop follows the “shard campaign,” a reward initiative aimed at early…
Cryptocurrency trading platform Crypto.com is entering the South Korean crypto market with its app launch. “We spent significant time and resources tailoring our offering for this market and are honored to be the first and largest global cryptocurrency exchange to launch in South Korea,” said an executive of the crypto firm. ‘The First Product We […] Source: https://news.bitcoin.com/crypto-com-expands-into-south-korean-crypto-market/
Bitcoin ETFs have helped push BTC to unprecedented heights this year, but analysts differ on how these investment vehicles may determine where Bitcoin goes next. A Bitcoin ETF is a product that trades like a stock on a traditional exchange and enables retail investors to gain exposure to BTC without buying and storing the asset directly. The launch of Bitcoin…
