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Why Did Bitcoin Just Jump 10%? Blockchain Firm Weighs In

[May 18, 2024 7:00 AM] The cryptocurrency market has been on a hot streak in the past few days, with several large-cap assets posting significant gains in the past week. Most notably, the Bitcoin price bounced back from around $61,000 to above $67,000 for the first time…

Dolce & Gabbana Sued Over $6,000 NFTs Losing 97% Value

[May 17, 2024 7:29 PM] Dolce & Gabbana USA Inc. faces a lawsuit from a customer who claims the non-fungible tokens (NFTs) he bought for $6,000, which included metaverse outfits, lost 97% of their value due to delivery failures by the luxury fashion house. The…

Bitcoin Hits $67K, Leading to $45M in Short Position Liquidations

[May 17, 2024 10:40 AM] The price of bitcoin surpassed the $67,000 mark on Friday, reaching a peak of $67,482 per unit, the highest value since late April. This increase has resulted in the liquidation of nearly $45 million in leveraged bitcoin short positions over the…

Lackluster Performance for Hong Kong Bitcoin ETFs Since Launch

[May 17, 2024 10:31 AM] Since the Hong Kong spot bitcoin exchange-traded funds (ETFs) began trading, their performance has been underwhelming, with three ETFs accumulating around $228 million in net assets. Inconsistent Inflows and Outflows Mark Hong Kong Bitcoin…