Osprey Funds Launches Bitcoin Trust, known as OBTC

Similar to Grayscale’s Bitcoin Trust, Osprey has launched its product known as OBTC. Grayscale’s competitor is now in the market, but we will see whether it become successful in catching the attention of wealthy investors or not. Competitor of Grayscale OBTC is an over-the-counter trust, which will function similarly to GBTC. According to the company, […]

Cumulative Bitcoin Mining Revenue Surpasses $20 Billion

On-chain metrics show miners have generated a lot of revenue from the ongoing Bitcoin rally- from $20,000 to above $40,000. The diversity in the mining infrastructure is a good thing for the network’s security. Record Increase in the Past Two Years Analytics firm Glassnode revealed over Twitter that “cumulative” miner revenue has crossed above $20 […]

Bitcoin Attracts Investments from Pension Funds and Endowments

Bitcoin has not only attracted the attention of asset management firms but also endowments and pension funds. After the top digital asset claimed $42,000, some crypto experts claim it would attain a $1 trillion market cap soon. Allocations are Increasing Bloomberg reported that money in Bitcoin is now coming from pension funds, hedge funds, endowments, […]

XLM Price Increases by More Than 100% in a Single Day

The price value of Stellar (XLM) doubles over the day thanks to the Securities and Exchange Commission’s lawsuit against San Francisco-based Ripple. CoinMarketCap data places XLM at $0.38 as it surges by over 100% in the last 24-hours. Due to outstanding performance of the cryptocurrency, the market capitalization has reached above $7 billion. Some market […]

Total Value Locked in DeFi has Reached $20 Billion

The decentralized sector is booming thanks to price hike and institutional investments. The latest on-chain data shows the total value locked over decentralized platforms have reached $20 billion, all-time high value. According to on-chain provider DeFi Pulse, the total value locked in DeFi has claimed the figure of $20 billion. TVL was hovering around $10 […]

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