Why is the crypto market up today?

    The crypto market is up today, reflecting market participants’ expectations that inflation is cooling after positive economic data. The crypto market is up today and Bitcoin, Ether, Solana and numerous altcoins rallied after data published by the Institute for Supply Management (ISM) on Jan. 4 which showed slower demand and lower input prices for manufactures which…

    Coinbase stock hits new lows, falling almost 87% over the year

    Coinbase stock has fallen to an all-time low of $32.40 per share, dropping 6% over the past five days. America’s largest crypto exchange is ending the year on a sad note amid falling revenues and profits. It has been a brutal 2022 for Coinbase investors, with the company’s stock falling almost 87% over the year…

    21Shares launches physical Bitcoin ETP on Nasdaq Dubai

    21Shares announced its physically-backed Bitcoin ETP in the Middle East, with the listing of 21Shares Bitcoin ETP on Nasdaq Dubai. The firm said this is 21Shares’ first entry into the Middle East – one of the world’s fastest-growing crypto markets and a key region on 21Shares’ global roadmap. Listed on Nasdaq Dubai, the 21Shares Bitcoin…

    Nasdaq postpones the launch of the crypto exchange, waiting for regulation clarity

    Stock exchange Nasdaq has no immediate plans of launching a crypto exchange until there’s better regulatory clarity from policymakers, said the company’s executive vice president Tal Cohen. Nasdaq announced last month it would focus on crypto custody. As Cohen told Bloomberg, the retail side of the crypto market is fairly saturated and enough crypto exchanges…

    Nasdaq reportedly to launch an institutional crypto custody service

    Equity exchange Nasdaq plans to become an institutional crypto custody service taking on established crypto players like Coinbase. This move is in line with its broader mission to be a crypto service provider rather than facilitate crypto trading. Nasdaq, which operates markets in the US and global equities, is not a newcomer to the crypto…

    Valkyrie Funds launches ETF focused on Bitcoin mining companies

    Valkyrie Funds announced the launch of the Valkyrie Bitcoin Miners ETF, the exchange-traded fund focused on Bitcoin mining operators. ETF will focus on firms that employ at least 77% renewable energy. The Valkyrie Bitcoin Miners ETF (WGMI) began trading on February 8 on the Nasdaq. It invests in publicly traded miners using renewable energy as…