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Bitcoin Dominance Level Now Above 50% as Altcoins Underperform

Bitcoin market dominance now at 50.3% Bitcoin, the world’s leading cryptocurrency by market capitalization, has seen its market dominance increase in recent years. BTC market dominance now stands at 50.3%, a three-month high for the cryptocurrency. The latest cryptocurrency news comes at a time when Ether and other major cryptocurrencies have underperformed in recent days….

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Custodia Bank Goes Live: Merging Digital Assets with US Dollar Payments

Banco Custodia is now available, a financial institution that aims to link digital assets to the payment system in US dollars. Last month, Custody began serving external business clients in select US states, offering US dollar deposits and government money market fund services, with bitcoin custody pending launch. The launch comes after overcoming regulatory pressures…

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Bitcoin and NASDAQ composite index correlation drops to 2-year low

New data from Kaiko on July 11 indicates that the correlation between Bitcoin and the Nasdaq Composite Index is at a two-year low. The correlation coefficient between these two assets dropped to less than 1% in early July. At that level, it’s at the lows of July 2021. The NASDAQ Composite Index tracks the performance…

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Canadian ETF issuer 3iQ will work with Coinbase to offer ETH stake in its funds

Toronto-based digital asset manager 3iQ will begin offering ether (ETH) holdings in its Ether Fund and Ether ETF, becoming the first ETF issuer in North America to enable this investment strategy, the company announced. company on Wednesday. The feature will be available around August 28th. Coinbase (COIN) will provide the necessary staking infrastructure to support…

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Binance Australia Users Selling Bitcoin at Discount Ahead of AUD Withdrawals Halt

Customers of Binance Australia were trading bitcoin and other cryptocurrencies at lower prices than those on other platforms on Tuesday. The discount is apparently due to a popular Australian payment service preparing to cut off the crypto exchange from withdrawals in local currency. Bitcoin Trading at Lower Rates on Binance Australia Australians traded bitcoin (BTC)…

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Robinhood Starts Allowing Bitcoin Withdrawals

The trading app has started the beta phase of its bitcoin wallet feature, allowing a subset of users to self-fund their coins. Robinhood has started rolling out its long-awaited bitcoin withdrawal feature. The company said in a statement Thursday that some users on the WenWallets waiting list have begun participating in the functionality as beta…