Author: Bpay News
Thailand is poised to broaden its exchange-traded fund (ETF) offerings, moving beyond just Bitcoin, according to recent statements from its financial regulator. This strategic shift highlights the country’s evolving approach to cryptocurrency and investment opportunities, as authorities aim to enhance market diversity and attract a wider range of investors. Historically, Thailand has been a pioneer in the cryptocurrency space within Southeast Asia. The country was among the first to regulate digital assets, creating a framework that allows for the safe trading of cryptocurrencies and related financial products. The current move to extend ETF offerings signifies a maturation of the market,…
BlackRock’s iShares Bitcoin Trust (IBIT) has made headlines as it has successfully entered the top 20 ETFs by assets under management. This remarkable achievement comes on the heels of significant investor interest, culminating in the largest inflow the fund has experienced since mid-August. The surge in inflows reflects a growing appetite for cryptocurrency investments as more retail and institutional investors look to diversify their portfolios with digital assets. The IBIT ETF, which allows investors to gain exposure to Bitcoin without directly purchasing the cryptocurrency, has been a pivotal player in the evolving landscape of digital finance. The increase in assets…
In a groundbreaking collaboration, Ethereum co-founder Vitalik Buterin and Dr. Xiao Feng, a prominent figure in blockchain innovation, have announced the launch of the “#Ethereum Application Alliance” initiative. This initiative aims to foster the development and integration of decentralized applications (dApps) on the Ethereum blockchain, creating a robust ecosystem that benefits developers and users alike. The Ethereum Application Alliance is designed to bring together developers, entrepreneurs, and researchers who are passionate about building innovative solutions on the Ethereum platform. By providing a collaborative space, the initiative seeks to streamline the development process, share best practices, and promote the adoption of…
In a significant move for the cryptocurrency community, Aptos has officially been integrated into the Backpack Wallet, a popular multi-chain wallet designed for seamless digital asset management. This integration marks a pivotal moment for both Aptos and Backpack, enhancing the user experience and expanding the reach of Aptos’s innovative blockchain technology. Aptos, known for its high throughput and low latency, is a Layer 1 blockchain that has been making waves since its inception. It aims to provide a robust infrastructure for decentralized applications (dApps) while ensuring security and scalability. The integration with Backpack Wallet allows users to access their Aptos…
In a significant development in the ongoing saga of the Coinbase hack incident, Circle has announced the unfreezing of funds connected to the stolen assets. This action comes after the hacker, who exploited vulnerabilities in Coinbase’s security protocols, transferred the stolen cryptocurrency across various blockchain networks, raising concerns over the security of digital assets and the effectiveness of existing measures. The Coinbase hack, which took place several months ago, saw a substantial amount of cryptocurrency stolen from users and the platform itself. Following the incident, Circle, a major player in the cryptocurrency space and issuer of the USDC stablecoin, took…
Bitcoin mining has recently reached a significant milestone, as the mining difficulty achieved an all-time high. This marks the seventh consecutive increase in a trend that highlights the evolving landscape of cryptocurrency mining. For those unfamiliar, mining difficulty is a measure of how hard it is to find a new block in the Bitcoin blockchain. It adjusts approximately every two weeks to reflect the total computational power being dedicated to the network, ensuring that blocks are added at a steady pace. This latest surge in difficulty comes as more miners join the network, driven by the increasing value of Bitcoin…
In the ever-evolving world of cryptocurrency, Ethereum ($ETH) has consistently captured the attention of investors and enthusiasts alike. Recently, Yi Li Hua made a bold statement, urging investors to “Cherish the Last Buying Opportunity,” as he predicts that $ETH could soar to an impressive $10,000 within the next year. This forecast has sparked conversations across various platforms, highlighting the potential for significant gains in the crypto market. Ethereum, known for its smart contract functionality and decentralized applications, has been a cornerstone of the blockchain ecosystem. Its value is influenced by numerous factors, including technological advancements, market demand, and broader economic…
In the fast-paced world of cryptocurrency trading, James Wynn has made headlines once again by going long on the meme-inspired cryptocurrency, PEPE, using a staggering 10x leverage. This bold move reflects both his confidence in the asset and the increasingly speculative nature of the crypto market. PEPE, which draws its name and branding from the popular internet meme, has gained traction among traders and investors looking for the next big opportunity. The token’s community-driven approach and playful branding have attracted a diverse audience, making it a notable player in the meme coin category. Leverage trading, where traders borrow funds to…
The SynFutures team has recently stirred excitement within the blockchain community by hinting at a significant Layer 1 (L1) upgrade. This upgrade is designed to enhance the platform’s functionality and scalability, addressing the growing demands of users and developers alike. With the mainnet testnet launch scheduled for October, stakeholders are eagerly anticipating what this upgrade will bring to the table. SynFutures has established itself as a prominent player in the decentralized finance (DeFi) space, offering innovative solutions for trading and liquidity. As the DeFi landscape continues to evolve, the need for robust infrastructure becomes increasingly apparent. The upcoming L1 upgrade…
Bitcoin, the leading cryptocurrency, has recently shown signs of stabilization as it finds support at the cost basis for short-term holders. This development is crucial for the market, as it indicates that many investors are willing to hold their positions despite recent volatility. The cost basis refers to the average price at which short-term holders acquired their Bitcoin, and finding support at this level suggests a potential floor for prices in the near term. As the market navigates through fluctuations, network-wide open interest is also reaccumulating, signaling renewed interest from traders and investors alike. Open interest refers to the total…