Analysts say these reasons were behind Shiba Inu’s (SHIB) 300% rise last month

Shiba Inu (SHIB) price saw another impressive recovery on Monday, as Elon Musk tweeted dog text art and whale transactions stacked up. Is another dramatic spike, similar to the one in May, in the stars for the Dogecoin killer? The handler “This week shows that retail fervor is returning to the market, which could bode…

VanEck set to become second Bitcoin ETF in the U.S.

On the heels of ProShares historic trading of the first Bitcoin futures exchange-traded fund (ETF) on the New York Stock Exchange (NYSE) yesterday, available information has shown that VanEck has also gotten approval from the Securities and Exchange Commission (SEC). VanEck Bitcoin ETF to begin trading next week According to a filing made by the…

Is Ripple annoyed over the SEC’s decision to approve a Bitcoin ETF?

The U.S Securities and Exchange Commission (SEC) made history last week by greenlighting a Bitcoin Futures ETF from ProShares. Speaking on Fox Business, Ripple CEO Brad Garlinghouse said the decision could be good for XRP, as it demonstrates that at least one cryptocurrency has clarity and certainty. But post-interview, sharing his thoughts on the matter,…

There are over 100 million crypto owners in India, report finds

85% of DeFi users are riding the NFT wave, with US collectors leading the front Non-fungible tokens (NFTs) have gained popularity over the last two months, according to DappRadar, a data acquisition and analysis company that tracks decentralized applications (dapps) across multiple blockchains, which attracted more than 500,000 users during July 2021. 2 min read…

Chinese investors turn to DEXs to skirt crypto ban

According to FT, some Chinese investors are defying China’s crypto ban by turning to decentralized exchanges (DEXs). Rather than accept notices of account closure from centralized exchanges (CEXs), diehard investors are looking at DEXs to continue trading crypto. What’s more, as pointed out by some, authorities cannot stop DEXs and DeFi when the protocols are…

Bitcoin dumps $2,400 after setting $67,000 high

$5 trillion asset manager Fidelity applies for Bitcoin ETF FD Funds Management, a subsidiary of Fidelity Investments (which manages over $4.9 trillion in assets), yesterday filed a preliminary registration with the United States Securities and Exchange Commission (SEC) to launch a Bitcoin (BTC) exchange-traded fund (ETF). 2 min read →

ProShares Bitcoin ETF ‘slurped’ 8,800 BTC ($560 million) on the first day

ProShares’ debut Bitcoin Futures exchange-traded fund (ETF) has managed to attract $1 billion of trading volume on its first day. Founded in 1977, Proshares is an American provider of specialized exchange-traded funds, which assists investors in managing the associated risk factors, volatility and helps in boosting returns for maximized revenue generation. The ETF which was…

On-chain data shows nearly 70% of Dogecoin (DOGE) holders are in profit

‘Dogenations’ campaign wants to raise Shiba Inu-inspired Dogecoin for homeless animals PAWS Chicago, a non-profit animal shelter organization dedicated to building no-kill animal communities, recently launched “Dogenations” and started accepting Dogecoin (DOGE),  Bitcoin (BTC), Ethereum (ETH), and 36 other cryptocurrencies for donations. 2 min read →