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Strong inflows into the ProShares Bitcoin Strategy exchange-traded fund (ETF) (BITO) in the past two weeks pushed its Bitcoin (BTC) exposure to a new record high. No Bitcoin outflows despite ‘rollover’ risks The fund, which uses futures contracts to gain exposure to Bitcoin’s price movements, had a record 28,450 BTC under its management — worth about $1.27 billion at the current …

Institutional investors are returning to accumulate Grayscale Bitcoin Trust (GBTC) shares as the discount to spot price his risen to nearly 30%, data on Glassnode shows. Since December 2021, some weekly sessions saw investors pouring in between $10 million and $120 million into Grayscale‘s flagship fund. Meanwhile, the biggest capital inflow — amounting to nearly $140 million — appeared in …

Across the globe, citizens in many countries still face high costs of money transfers both domestically and internationally. That’s why digital assets have become the logical solution to answer this challenge — as a decentralized store of value that could enable everyday transactions, regardless of borders. Unfortunately, despite its positioning to level the playing field, many users face high fees …

In Decentraland’s third annual Metaverse Art Week held on Aug. 24–28, curators turned to new ways to utilize digital space to bring more interactive and true-to-life experiences of art. The metaverse world modeled its latest virtual festival after the real-life Biennale art event, which utilizes public space to display art. Visitors to the in-real-life (IRL) festival can walk around spacious …

The Bitcoin Standard has many formations. For some, selling all possessions and living off magic internet money is key; for others, it’s about sweeping every spare penny into satoshis. For popular podcaster Peter McCormack — an avid football fan — it meant buying his local club and signing Bitcoin (BTC) onto the team sheet. Bitcoin advocate McCormack acquired his hometown …

How to lighten Acne Scars with essential oils? Acne and their scars can be a serious beauty problem for girls and boys. We have seen that scarred face looks patchy and this makes people quite conscious of their appearance. This is why a lot of young people like teenagers would seek help from the various skin care products available to treats …

The Ethereum blockchain is all set to make its highly anticipated transition from its current proof-of-work (PoW) mining consensus to proof-of-stake (PoS). The Merge date is officially scheduled for Sept. 15–16 after the successful final Goerli testnet integration to the Beacon Chain on Aug. 11. At present, miners can create new Ether (ETH) by pledging a huge amount of computing …

The Inflation Reduction Act, signed into law this month by United States President Joe Biden, empowers the Internal Revenue Service with nearly $80 billion in new funds. The world’s most powerful tax collection agency is using the money to go on a hiring spree to fuel much tougher enforcement efforts. It is widely assumed that the audits will be brutal …

Typically a lagging indicator of the sector’s health, the explosion of venture funding in the blockchain sector in 2021 and the first half of 2022 appears to be cooling off after seven consecutive sectors of growth. According to Cointelegraph Researchinflows in the blockchain venture capital market have declined by 43% month-on-month in July 2022. The Web3 sector, including GameFi and …