Author: Emma Davis

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Emma Davis

Emma Davis is a highly skilled and experienced crypto writer with a passion for all things blockchain and cryptocurrency. With years of experience writing about the latest trends, news, and innovations in the crypto world, Emma has established herself as one of the best crypto journalists.

Articles by Emma Davis

BlackRock’s IBIT ETF draws $73.4M as Bitcoin market faces downturn and outflows

2 days ago 0 mins read

On April 15, BlackRock’s iShares Bitcoin Trust (IBIT) saw substantial inflows of $73.4 million, whilst Grayscale’s Bitcoin Trust (GBTC) encountered notable withdrawals, leading to a net outflow of $110 million from worldwide Bitcoin investment products. Market volatility has been influenced by geopolitical concerns and the impending Bitcoin halving. The conditional licensing of spot crypto ETFs in Hong Kong has the potential to attract some $25 billion from mainland Chinese investors, who may choose to participate in these ETFs via the Southbound Stock Connect. Anticipations after the Bitcoin halving are varied, since several experts forecast a substantial divestment by Bitcoin miners.

Polkadot (DOT) has over 600,000 active addresses on-chain by the end of March

2 weeks ago 1 min read

Polkadot (DOT) has a substantial surge in active addresses, surpassing 600,000 active on-chain addresses by the end of March. Out of all the addresses, a significant portion, specifically 41%, are linked to the Moonbeam cross-chain smart contract platform. Additionally, 191,000 addresses were specifically created on the Polkadot platform. There has been an increase in the number of distinct accounts that have balances larger than zero, with a total of around 5.59 million accounts as of the end of March. Nevertheless, the network’s transaction volume continues to be minimal, with a total monthly transaction volume of 11.58 million. The DOT token

Ripple enters stablecoin market with U.S. dollar-backed digital currency, promising transparency

2 weeks ago 1 min read

Ripple is developing a new digital currency linked to the US dollar, hoping to compete with Tether and Circle. The US dollar-linked stablecoin will be backed by cash, bonds, and deposits, with Ripple promising transparency via regular updates. The business intends to launch comparable stablecoins in Europe and Asia, competing Tether’s USDT and Circle’s USDC. Ripple CEO Brad Garlinghouse cites previous stability difficulties with these competitors as a major cause for the stablecoin endeavor. Despite a potential litigation with the United States Securities and Exchange Commission regarding XRP sales, Ripple is hopeful about a fair conclusion and expects a considerably

BlackRock CEO Larry Fink sees a promising future for Bitcoin, driving investor interest

3 weeks ago 1 min read

Larry Fink, the CEO of BlackRock, has voiced his belief in Bitcoin, a digital currency that has attracted the market’s attention owing to its transparency and substantial investor interest. This positive outlook arises from Bitcoin’s significant expansion and increased use in the financial industry. Fink’s views have great importance as they exemplify a transition towards accepting crypto in the realm of conventional finance. The unexpected increase in Bitcoin, especially among retail investors, has taken many people by surprise. BlackRock’s Bitcoin ETF, IBIT, has seen exponential growth since its introduction, making it the fastest-growing ETF in recorded history. Fink also mentioned

Lawmakers demand SEC clarity on ETH, pressing for definitive digital asset regulations

3 weeks ago 1 min read

A coalition of Republican members of Congress, including influential heads of House committees, has formally petitioned SEC Chair Gary Gensler to provide more precise regulations on digital assets like as Ethereum (ETH) and their safekeeping by Special Purpose Broker-Dealers (SPBDs). The letter from the MPs on March 26 emphasizes the need of regulatory openness in order to facilitate compliance for enterprises operating in the digital asset industry. The letter emphasizes the SEC’s hesitancy to accurately classify assets, resulting in an ambiguous definition of “digital asset securities.” The request pertains to the categorization of Ethereum as a security or not, in

BlackRock favors Bitcoin over Ethereum, with limited client interest in other cryptos, says executive

4 weeks ago 1 min read

BlackRock, a leading investment firm, has shown moderate interest in Ethereum from its clients, with Bitcoin being the predominant preference. The firm’s head of digital assets, Robert Mitchnick, stated that interest in other crypto is notably lower. Mitchnick also addressed rumors about BlackRock launching an ETF for the memecoin dogwifhat (WIF), admitting he was unfamiliar with the coin. The recent launch of the Bitcoin Bitcoin Fund (IBIT) marked a significant turn in BlackRock’s approach to digital assets, attracting $15 billion in assets and recognizing persistent client demand for Bitcoin. BlackRock also ventured into the Ethereum space with its BUIDL fund,

The US SEC extends the deadline for its decision about Ethereum ETF to May 30

1 month ago 1 min read

The US Securities and Exchange Commission (SEC) has postponed its judgment on whether to approve the Hashdex Nasdaq Ethereum exchange-traded fund. This comes as the regulator decided to postponed the decision on May 30, 2024, and the fund will hold ether spot and futures contracts if approved. The Nasdaq Stock Exchange (NSE) filed an application with the SEC in September, and Toroso Investments administers and controls the fund. In addition, the SEC solicited public comment on the ETF in December and has postponed a decision on many occasions. Also, the SEC has postponed its decision on the ARK 21Shares Ethereum

Solana (SOL) approaches $200 mark after surging 50% in a month

1 month ago 1 min read

Solana (SOL) has seen a significant recovery after 2 years, with a over 10% increase in market capitalization to $75 billion. In addition, SOL has seen over 27% increase in trading volume to $7 billion. The crypto is now 33% away from its all-time high (ATH) of $260.06 two years ago. Following this, crypto experts suggest that Solana is on the cusp of crossing the $180 price threshold, making it the most trending coin in the last 24 hours. In a month, Solana has seen a 50% surge, cementing its position as one of the most promising investments in the

Grayscale’s GBTC sees over $10B outflow, marking a record withdrawal

1 month ago 1 min read

Grayscale’s Bitcoin Trust (GBTC) has just been removed $10.6 billion, resulting in the second-largest outflow in the ETF industry over the last 15 years. The change in investor preferences is seen in the Vanguard S&P 500 ETF (VOO) taking the lead with over $258 billion in inflows, followed by the iShares Core S&P 500 ETF (IVV) and the Vanguard Total Stock Market ETF (VTI). Plus, exchange-traded funds (ETFs) such as SPDR Gold Shares (GLD) and SPDR S&P MidCap 400 ETF Trust (MDY) are experiencing significant withdrawals of funds. Furthermore, investors are reallocating their investments from gold exchange-traded funds (ETFs) to

This new meme coin surges by over 20,000% in the past 24 hours

1 month ago 1 min read

The value of Turbo Trump (PRESI), a novel meme coin, has experienced a substantial surge in the last 24 hours subsequent to its listing on SushiSwap using a Base blockchain-based token. The new meme coin increased by over 20,000% in the past 24 hours. It is anticipated that the coin is a “fan version” of the original Turbo Trump coin. According to its founders, the coin will increase Donald Trump’s popularity in anticipation of the impending presidential election. Nonetheless, its durability is questionable as a result of its inexperience and unprofessional staff. Notwithstanding this, the presale for the Green Bitcoin

Bitcoin soars past $70K: Will BTC hit $75K soon?

1 month ago 1 min read

Bitcoin (BTC) has reached its all-time high, reaching $70,000, demonstrating market strength and gaining the attention of mainstream media and financial professionals. Scarcity, investment, and expectation are key reasons driving this spike. Over-the-Counter (OTC) trading desks are witnessing Bitcoin shortages, indicating rising demand for the digital commodity. The drop in BTC reserves stored on exchanges implies that investors are increasingly preferring to store assets in private wallets or safe storage options. Furthermore, exchange-Traded Funds (ETFs) are increasing buying pressure by acquiring an average of 4,000 Bitcoins every day, offering a regulated and accessible way for a larger spectrum of investors

US SEC claims that Binance.US refuses to provide certain information, which the exchange denies

1 month ago 1 min read

The US SEC’s action against Binance has been continuing since June, with Binance Holdings Ltd facing fines of up to $4.3 billion. Former CEO Changpeng Zhao was forced to resign and is now on bond. However, Binance.US, previously known as BAM Trading Services, is still battling the SEC in court. The Washington D.C. court ordered the two parties to collaborate on the discovery process, but the SEC claims that the two sides have reached an impasse. According to the watchdog, Binance.US refused to allow agency personnel to inspect its in-house software, stating that it was programmed and provided no actual