Local news outlet Australian Financial Review (AFR) reported on Tuesday that Australia’s leading clearinghouse ASX Clear secured the “minimum number of clearing participants” and gave the go-ahead for the launch of the country’s first Bitcoin exchange-traded fund (ETF) next week. According to AFR, as much as $1 billion could flow into the new ETF once it is launched.
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The Russia-Ukraine conflict has been the biggest geopolitical development of the year. Following the Russian invasion, a series of developments have left global markets rattled. Given that this is the first major, global-scale conflict since the crypto market became mainstream, analysts are eager to see how cryptocurrencies have performed thus far.
Earlier this month, digital assets analysis firm Arcane research published a report on the state of the Bitcoin Lightning Network, in which it examined key factors behind the growing popularity of Bitcoin’s flagship Layer 2 scaling solution.
The bears continued to have the upper hand going into Tuesday. The cryptocurrency market cap shed an additional 2% and dropped to its four-week lows just above $1.9 trillion. The negative price movement saw Bitcoin momentarily lose its footing above the psychological $40,000 level earlier today as the world’s largest crypto fell to $39,300, its lowest price point since mid-March.
The markets have been in a state of a gradual pullback over the last seven days. During that period, the value of most major digital currencies has diminished by double digits, including Bitcoin (-10.7%) and Ethereum (-11.8%). Consequently, the total value of all digital currencies in circulation shrank from $2.21T on April 4 to $1.98T on April 11.
The Luna Foundation Guard (LFG), a non-profit organization launched in early 2021 to ensure stability and growth of the Terra ecosystem, has acquired more than $170 million worth of Bitcoin over the weekend. The company’s treasury that is designed to maintain UST’s dollar peg now has 39,899 BTC in its UST Forex Reserve wallet.
A large share of crypto users utilizes the terms “coin” and “token” interchangeably. However, these often-used terms refer to two distinctive categories. While “Digital Assets” is a general term, and it can refer to any form of digital value placeholders, the same can’t be said for coins and tokens. Here are the main differences between the two terms.
Speaking at the Bitcoin 2022 conference in Miami, Zap CEO Jack Mallers revealed that the company’s Lightning Network wallet, Strike, has partnered with leading global payment processors, including Shopify, NCR, and Blackhawk Network.
After trading in a relativity narrow trading range over the past week, Bitcoin’s price has dived below the $45,000 mark today, for the first time since April 1st. Bitcoin’s negative price movement reverberated across the crypto market and sparked a minor sell-off, which saw the majority of digital assets enter the red zone in the last 24 hours.