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Economy

Terraform Settles with SEC for Nearly $4.5 Billion

Overview of Terraform Labs Settlement Terraform Labs, the company behind the failed TerraUSD and Luna cryptocurrencies, has reached a settlement with the U.S. Securities...

1 July, 2024

Economy

Robinhood Acquires Bitstamp to Grow Crypto and International Operations

Key Takeaways Robinhood to purchase European cryptocurrency exchange Bitstamp for about $200 million Deal to expand Robinhood’s cryptocurrency and international business Regulators scrutinizing Robinhood’s...

1 July, 2024

Economy

Cryptocurrency Market Update: BlackRock Bitcoin ETF Dominates, RoaringKitty Boosts Meme Coins

Blackrock’s IBIT Surpasses Grayscale’s GBTC Blackrock’s iShares Bitcoin Trust (IBIT) has become the largest bitcoin ETF, overtaking Grayscale’s GBTC. IBIT’s assets reached $19.5 billion,...

1 July, 2024

Economy

Bitcoin’s Value Stays Below $70K Despite Significant ETF Investments

Key Takeaways Bitcoin prices struggled to stay above $70,000 despite significant ETF inflows. Hedge funds and commodities traders are engaging in price arbitrage between...

1 July, 2024

Economy

Bitcoin Nears $70K Once More Amid Inflation Relief Ahead of Fed Meeting

Key Takeaways Bitcoin’s price surged to nearly $70,000 following positive inflation data for May. Market participants view cooler inflation data as a sign that...

1 July, 2024

Economy

Bitcoin Drops Below $67,000 as ETFs Experience Outflows Prior to Fed Meeting and Inflation Data

Key Takeaways The bitcoin price fell below $67,000 on Tuesday morning. Tomorrow’s CPI data release and Federal Reserve meeting could further impact the bitcoin...

1 July, 2024
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