The company previously announced that it planned to launch bitcoin and ether futures trading for institutional investors on its Coinbase Derivatives Exchange in June
Market data also showed that the volatility in Bitcoin has been low in the last seven days
On a positive note, the chances of a spot Bitcoin ETF being launched in the US this year have improved significantly, from 50% to 65% as per Bloomberg Intelligence
Earlier this week, US Fed hiked its benchmark interest rate by 25 basis points, taking it to the highest in 22 years
CoinSwitch said that its cash and cash equivalent balances are 6.79 times higher than the balance of its users
The largest digital-asset by market value fell as much as 4.2% to $28,865, the least since June 21
In the age group of 18-30 years, 40% of respondents said they have invested more than Rs 40,000 in digital assets
Worldcoin, Altman's eyeball-scanning crypto project which officially launched on Monday, uses a small device called an "orb" to scan people's eyeballs in order to generate a a unique digital identity
The major beneficiary of Bitcoin's weakness has been Ripple's XRP token which now enjoys a market dominance of 21%
The New York-based firm had initially aimed for $125 million, but received more interest than expected, said Chief Executive Officer Jake Brukhman
Cryptocurrency news: Another reason for the surge was the lower-than-expected US inflation of 3% for June
The largest digital asset on Thursday mostly held losses of 0.7% from a day earlier, while stocks and bonds extended gains on bets that an end to Federal Reserve monetary tightening is getting closer
Litecoin was created in 2011 and aims for faster transactions than Bitcoin
In the last few weeks, the market was witnessing a bull run after the news emerged of several big entities showing their interest in Bitcoin but in the later part of the week, the market saw a sell-of
CoinDCX also said that it anticipates a 'significant' number of users benefiting from KoinX's tax assistance services
Among the most important developments in crypto markets was the King of England's assent to the UK's Financial Services and Markets Act
FTX has been holding talks with investors about backing a potential restart of the FTX.com exchange through structures such as a joint venture
The users will also not be able to deposit more money for investment in their wallets but the withdrawals will remain unaffected
This is Fidelity's second attempt for a Bitcoin ETF
"If you see any articles or ads mentioning my association with cryptocurrency, they are absolutely untrue and meant to scam citizens," he added