Tag: Bitcoin
Bitcoin ETFs Experience Continuous Outflows Amidst Record Low Inflows
In the realm of Wall Street’s spot bitcoin exchange-traded funds (ETFs), a noteworthy trend has emerged this week, marking five consecutive days of net outflows. Despite setting a new record,…
Bernstein Raises Bitcoin Price Target to $90,000 and Expects Modest Halving Impact on Miners
Bernstein, a prominent research and brokerage firm, has adjusted its year-end price projection for Bitcoin, elevating it from $80,000 to $90,000, citing positive shifts in market dynamics. Analysts Gautam Chhugani…
Bitcoin ETFs Experience Unprecedented $742 Million Outflows in Three Days
In a notable turn of events, spot Bitcoin ETFs have encountered their most substantial three-day withdrawal since their inception back in January. This trend stands in stark contrast to the…
Grayscale’s GBTC Bitcoin ETF Records Historic Daily Outflow Amid Market Turbulence
In a significant development, Grayscale’s GBTC spot bitcoin exchange-traded fund observed an unprecedented daily outflow of $642.5 million on Monday, marking a notable increase over the previous peak recorded on…
UK judge determines that Craig Wright is not Satoshi Nakamoto
A U.K. judge declared that Craig Wright is not Satoshi Nakamoto or the writer of the Bitcoin whitepaper. According to a post from the alliance, the case, which was brought…
BlackRock Explores Spot Bitcoin ETF Investments for its Global Allocation Fund
In a recent update to its filing with the Securities and Exchange Commission, BlackRock, the U.S.-based asset management giant, has revealed plans to purchase spot bitcoin exchange-traded funds (ETFs) for…
Ankr and Babylon join hands to launch BTC Staking
Ankr and Babylon will explore BTC staking solutions shortly as Babylon enters mainnet phase. The early partnership may allow BTC holders to earn yields and open doors for BTC security…
Bitcoin breaks $69,000, peaks by more than 50%!
The price of Bitcoin broke the mark established by the original cryptocurrency during its last bull run in November 2021, as it crossed $69,000 on Tuesday morning but retreated soon…
BTC ETFs Remain Widely Popular, Can Bitcoin Surpass Gold as a Store of Value?
The amount of assets flowing into bitcoin ETFs has surpassed half of those in the gold ETF category as net inflows into these funds continue and the price of BTC…
Bulls prevail even as Ark Invest offloads Coinbase shares and Blackrock seeks more Bitcoin ETFs
Cryptocurrency liquidations have surpassed half a billion dollars. Blackrock seeks to purchase more BTC ETFs while Ark Invest offloads Coinbase shares. The market displays bullish sentiment with Bitcoin rising to…
Upcoming September 2024: FSC Plans to Draft New Digital Asset Regulations for Taiwan
In September 2024, the Financial Supervisory Commission (FSC) of Taiwan plans to submit a revised draft of the nation’s digital asset legislation. According to Huang Tien-mu, chairman of the FSC,…
Babylon, BTC staking protocol receives funding from Binance!
Binance Labs, the venture capital and incubation arm of Binance, has invested in Babylon. Babylon is a Bitcoin staking protocol that invented native Bitcoin staking, enabling users to stake bitcoins…
Bank of America and Wells Fargo Embrace Spot Bitcoin ETFs Amid Growing Demand
In a significant move, Bank of America’s Merrill Lynch and Wells Fargo are set to include spot Bitcoin ETFs in their offerings, responding to heightened demand just two months after…
BounceBit Secures $6 Million in Seed Funding, Aims to Transform Bitcoin Restaking Landscape
In a significant development for the cryptocurrency space, BounceBit, a Bitcoin restaking protocol currently in its early access phase, has successfully raised $6 million in seed funding. The funding round…
Satoshi Nakamoto’s 2009 Prediction: Bitcoin’s Energy Debate Foreseen
In a fascinating revelation, newly disclosed emails from 2009 showcase that Satoshi Nakamoto, the enigmatic creator of Bitcoin, had foreseen the ongoing debate surrounding the cryptocurrency’s energy consumption. The messages,…
Argo Blockchain Faces Market Pressure as Bitcoin Production Takes a Hit
London-based crypto mining firm Argo Blockchain experienced an 8% plunge in its shares on Monday, triggered by a notable 20% decrease in mined Bitcoin during January. The company’s January financial…
SEC Files Charges Against Founder of American Bitcoin Academy in $1.2 Million Crypto Fraud Scheme
The U.S. Securities and Exchange Commission (SEC) has brought charges against Brian Sewell, the founder of the American Bitcoin Academy, for orchestrating a fraudulent cryptocurrency scheme that allegedly siphoned $1.2…
Marathon Digital Assumes Control of Bitcoin Mining Sites in Deal with Hut 8
In a strategic move, Marathon Digital has successfully sealed a deal with Hut 8 to acquire operational control of two Bitcoin mining sites, located in Granbury, Texas, and Kearney, Neb….
Ark Invest Adjusts Holdings Amid Crypto Market Shifts
Cathie Wood’s Ark Invest made strategic moves in its portfolio, reflecting the dynamic nature of the crypto landscape. On January 25, 2024, Ark Invest purchased 94,918 shares of its ARK…
Bitcoin Dominates Asset Management: Surpasses Silver in U.S. ETF Landscape
Bitcoin Exchange-Traded Funds (ETFs) have surged ahead of their silver counterparts in the U.S. in terms of Assets Under Management (AUM), marking a significant shift in investment preferences. The rapid…