Author: Top Rated Cryptos

BlackRock’s BTC ETF May Outpace Grayscale in Trades, Expert Says Introduction The recent approval of spot Bitcoin exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC) has sparked a substantial buzz within the cryptocurrency community. As the industry eagerly awaits the launch of these funds, experts are already predicting how different players will perform in the market. One such expert predicts that BlackRock’s BTC ETF may outpace Grayscale in trades, indicating a potential shift in dominance. The SEC’s Approval and Its Impact on the Market The SEC’s approval of spot BTC ETFs has opened up new opportunities for investors…

Ripple Labs Transfers 27.7 Million XRP to Bitstamp: Power Move or Market Manipulation? Key Points: – Ripple Labs, the company behind the cryptocurrency XRP, has recently transferred a significant amount of its holdings to the exchange Bitstamp. – The transaction involved 27.7 million XRP tokens, with an approximate value of $14.4 million at current market prices. – Speculations arise regarding the motive behind this transfer, with some experts considering it a strategic move while others suspect possible market manipulation. – Ripple Labs has been known to engage in large-scale token transfers in the past, leading to speculation about their intention…

Google Allows Advertising for Bitcoin ETFs, Boosting Awareness and Visibility Key Points: – Google has revised its advertising guidelines, now permitting cryptocurrency trusts, such as Bitcoin Exchange-Traded Funds (ETFs), to promote their products. – Spot Bitcoin ETF issuers, including BlackRock and Franklin Templeton, have wasted no time in marketing their funds, with advertisements already starting to emerge. – This decision by Google provides Bitcoin ETFs with a much broader reach and exposure to a wider audience. – Companies managing Bitcoin ETFs can now leverage Google’s advertising platform to raise awareness and attract investors. – The change is expected to contribute…

Bitcoin Surges Above $43,000 Amid Weakening GBTC Selling Pressure Bitcoin has experienced a significant surge, surpassing the $43,000 mark, as the selling pressure of the Grayscale Bitcoin Trust (GBTC) weakens. This development comes as BlackRock’s spot Bitcoin ETF achieves higher trading volume than GBTC for the first time, indicating a potential slowdown in outflows for the latter. According to Bloomberg ETF analyst James Seyffart, GBTC has witnessed over $5 billion in outflows since its launch, while BlackRock and Fidelity’s spot Bitcoin ETFs have seen inflows totaling over $5.8 billion. A Shifting Trend in the Crypto Market The emerging trend of…

Tether Mints USDT Tokens on Tron Network, but Availability Remains Inaccessible Overview Tether, the stablecoin operator, has once again minted a significant number of USDT tokens on Tron’s network. However, these newly minted coins are currently inaccessible for swaps or transactions. The Details Tether, one of the leading stablecoin operators, has recently minted a substantial number of USDT tokens on the Tron network. This move has caught the attention of the cryptocurrency community, as it may have an impact on the overall stability of the market. The new USDT tokens, however, are not yet available for swaps or transactions. While…

OKX Introduces Dogecoin Ordinals to Its Digital Asset Offerings Key Points: – OKX, the renowned digital assets exchange, has recently announced the inclusion of Dogecoin Ordinals onto its platform. – This integration enables OKX users to have access to the Dogecoin inscription token standards within their wallets and the marketplace. – Dogecoin Ordinals is a popular token standard that allows for seamless and secure transactions using Dogecoin. – The move is expected to attract a broader user base to the OKX platform and boost the liquidity of Dogecoin. Expanding Digital Asset Offerings In a bid to provide an enhanced user…

The Booming Ecosystem of Layer-2 Scaling Solutions in the Crypto World Introduction The crypto industry has been grappling with the issue of scalability for quite some time now. Established blockchains like Ethereum and Bitcoin have faced congestion and high transaction fees, necessitating the search for additional solutions that can handle the growing demand without compromising decentralization. The answer to this problem lies in the proliferation of layer-2 (L2) scaling solutions. These solutions are revolutionizing the crypto space by alleviating congestion, reducing transaction fees, and enhancing scalability while maintaining the core principles of decentralization. Key Points: The L2 scaling solutions ecosystem…

eTukTuk Raises Over $600K in Presale to Tackle Climate Change The Key Points: • eTukTuk, a crypto project with a mission to combat climate change, has successfully raised over $600,000 in its presale. • The project aims to revolutionize transportation by developing electric rickshaws, known as eTukTuks, which are zero-emission and sustainable alternatives to traditional combustion engine vehicles. • The presale funds will be used to mass-produce the eTukTuks and establish a global network of charging stations to support their operation. • eTukTuk plans to launch its main token sale in the coming months to further fuel its growth and…

Bitcoin No Longer Dominant Cryptocurrency for Black Market Activity, New Study Finds Key Points: A recent report by TRM Labs reveals that Bitcoin is no longer the primary choice for criminals engaging in illicit activities. In 2016, Bitcoin accounted for 97% of illicit crypto volume, but by 2022, its share had dropped to just 19%. Ethereum and Binance Smart Chain have emerged as the dominant cryptocurrencies for illegal transactions. Criminals have shifted from using Bitcoin to assets on the TRON blockchain for terrorist financing, with a staggering 92% adoption rate. Policy makers need to adapt their strategies to combat illicit…

Crypto Investment Products See Significant Outflows, Data Shows Key Points: Digital asset investment products saw outflows of $500 million last week, according to a report by CoinShares. The report analyzed the flow of funds in investment products based on cryptocurrencies from Jan. 20 to Jan. 26, 2024. Ethereum investment products experienced the largest outflows, while Bitcoin funds saw more modest outflows. Analysts suggest that market volatility and profit-taking contributed to the outflows. The overall sentiment in the crypto market remains bullish despite the short-term outflows. According to a recent report by CoinShares, digital asset investment products faced significant outflows of…