1 / 2 Relevant items tagged with #Reserves

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Wazirx Begins INR Withdrawal Phase 1: Users Can Withdraw Up to 33%

[Aug 26 1:45 PM] Indian crypto exchange Wazirx has initiated the first phase of INR withdrawals, permitting eligible users to withdraw up to 33% of their INR balances. Co-founder Nischal Shetty noted that the timeline for the second phase remains uncertain due to…

Blackrock Dethrones Grayscale Becoming World’s Largest Digital Asset Manager 

[Aug 21 2:42 PM] Five days ago, Arkham Intelligence revealed that Blackrock, the world’s largest fund manager, was on the brink of overtaking Grayscale in onchain asset value. As of Aug. 21, Blackrock has officially surpassed Grayscale, securing its position…

US Ethereum ETFs Hold $10.24B in Reserves Following $106M in Inflows

[Jul 24 6:10 AM] Based on the recent data, the nine newly introduced ethereum exchange-traded funds (ETFs) saw $106.78 million in inflows on Tuesday. Blackrock took the lead with $266.55 million in trading volume throughout the day. Blackrock Dominates Inflows as…

Fifth Day of Outflows Hits US Bitcoin ETFs With $139 Million in Losses

[Jun 21 8:25 AM] U.S. spot bitcoin exchange-traded funds (ETFs) experienced their fifth consecutive day of outflows on Thursday, losing $139.88 million. Grayscale’s Bitcoin Trust (GBTC) led the decline with a $53 million reduction, followed closely by…

Bitcoin Scarcity Grows as Miner and Exchange Reserves Drop by 183,253 BTC Since January 

[Jun 7 6:52 AM] Over the past 158 days, starting from the beginning of the year, the quantity of bitcoin held by exchanges and miners has decreased by 183,253 BTC, valued at nearly $13 billion. Roughly 90.95% of this bitcoin withdrawal originated from…

Tether Amplifies Bitcoin Holdings With Strategic 8,888.88 BTC Addition

[Apr 1 11:29 AM] Onchain data reveals the stablecoin giant Tether has once again bolstered its bitcoin reserves, making an addition of 8,888.88 bitcoins to its wallet as of March 31. Tether’s Bech32 address now ranks as the seventh-largest holder of bitcoin…

Binance's Bitcoin Reserves Drop as Retail Flow Moves to Coinbase: CryptoQuant

[Nov 23, 2023 6:29 AM] The move appears to be in anticipation of the approval of spot bitcoin ETFs.

Tether attestation shows cash and cash equivalents of 86% as loans decline

[Oct 31, 2023 12:00 PM] Tether’s newest reserve attestation shows the highest-ever percentage of cash equivalents, with most reserves consisting of U.S. T-bills and repurchase agreements.

Canadian regulatory body clarifies stablecoin rules for exchanges and issuers

[Oct 6, 2023 12:21 AM] The umbrella organization for Canada’s securities regulators has set conditions for trading and issuing stablecoins.

Costo sells out of gold bars, but is it a better investment than Bitcoin?

[Sep 29, 2023 11:45 AM] Gold bars recently sold out at Costco, reflecting investors’ souring mood about the economy. Is there a silver lining for Bitcoin?

Arkham Intelligence Identifies Grayscale’s $16 Billion Onchain Bitcoin Holdings

[Sep 6, 2023 1:30 PM] Arkham Intelligence, a leading crypto analytics firm, unveiled on Wednesday its findings on Grayscale’s Bitcoin Trust onchain holdings. This revelation comes just six days after Arkham shed light on the fund manager’s onchain ethereum…

The Great Shift to Self-Custody: 800,000 BTC Worth Over $20 Billion Pulled From Exchanges in 3 Years

[Sep 3, 2023 8:00 AM] Over the past three years, there’s been a notable movement in bitcoin holdings. Since September 1, 2020, a whopping 804,000 bitcoin, equivalent to $20.79 billion, has been pulled from centralized exchanges. Notably, 184,000 BTC of that sum…

Coinbase Acquires Equity Stake in Circle; Companies Reshape USDC’s Future

[Aug 22, 2023 3:00 AM] In a joint statement, Jeremy Allaire, CEO of Circle, and Brian Armstrong, CEO of Coinbase, announced the dissolution of the Centre Consortium. Consequently, Circle will take exclusive charge of the issuance and governance of USDC. Additionally…

IEA Report: Oil Prices on the Brink of Soaring as Supply Narrows and Demand Shatters Records

[Aug 12, 2023 1:30 PM] The stage is set for a potentially striking upswing in global oil prices, as supply constricts and demand ascends to unprecedented levels. With oil reserves dwindling at a breakneck pace, OPEC’s spare capacity restrained, and powerhouse…

Are Reports Linking the 11th Largest BTC Wallet to Tether a Myth? Cryptoquant Analysis Reveals Discrepancies

[Aug 10, 2023 8:00 AM] In the wake of recent claims that Tether, the company behind leading stablecoin USDT, holds the 11th largest bitcoin (BTC) wallet, Cryptoquant, a blockchain intelligence firm, has expressed skepticism. Citing inconsistencies in onchain data…

Class Action Lawsuit Against Tether, Bitfinex Dismissed

[Aug 5, 2023 1:30 PM] A class action lawsuit filed against cryptocurrency firms Tether and Bitfinex was dismissed Friday by a federal judge in New York. The judge ruled the complaint lacked plausible claims of injury and failed to show that Tether’s stablecoin…

Reports Suggest 11th-Largest Bitcoin Wallet Belongs to Stablecoin Giant Tether

[Aug 5, 2023 11:30 AM] A 21.co research analyst has disclosed that Tether, the company behind the world’s most prominent stablecoin by market capitalization, could potentially hold the 11th-largest bitcoin (BTC) address. Additionally, an individual familiar with…

Coinbase earnings show the company is now much more than just an exchange

[Aug 4, 2023 2:30 PM] The Coinbase earnings report shows that services and subscriptions are the exchange’s core revenue streams. Is this a positive or a negative?

Tether’s excess reserves up to $3.3B, holds $72.5B worth of US Treasury bills

[Jul 31, 2023 8:06 AM] Tether has released its latest reserves attestation for USDT, with its excess reserves increasing to $3.3 billion.

Latam Insights — Argentina’s Reserves Bleed, Central Bank of Brazil Would Be Able to Manipulate Digital Real in CBDC Pilot

[Jul 18, 2023 1:30 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, the Argentine central bank sheds yuan for dollars as its reserves bleed, the Central Bank of Brazil would…

Binance US Reacts to Bitcoin Cash FUD, Assures Users Their Funds Are Safe

[Jul 13, 2023 12:30 AM] Binance’s U.S. platform has rejected rumors regarding its bitcoin cash (BCH) reserves, reassuring customers that their funds are safe. On Sunday, the exchange restored BCH withdrawals after a brief suspension attributed to a technical issue…

Bitcoin Exodus: Over 855,000 BTC Withdrawn From Exchanges Since July 2020

[Jul 11, 2023 6:35 PM] According to current data, about 2,086,034 bitcoins were held on exchanges as of July 11, 2023. This figure is 154,160 bitcoins less than the number held on centralized trading platforms 72 days earlier, on April 30. The number of bitcoins on…

Tether’s Banking Relationships, Commercial Paper Exposure Detailed in Newly Released Legal Documents

[Jun 16, 2023 9:11 AM] Tether's banking relationships were detailed in a rare but limited window into the reserves behind USDT, the crypto market’s largest stablecoin, in documents obtained by CoinDesk under a Freedom of Information Law request.

Stablecoin Issuer Tether Reveals Plan to Allocate Profits Into Bitcoin

[May 17, 2023 11:30 AM] Tether, the stablecoin enterprise, has revealed its intention to devote 15% of its profits to bitcoin. The firm’s announcement comes on the heels of Tether’s recent attestation report, which emphasized the company’s possession…

Circle reportedly adjusts USDC reserves to avoid US default risk

[May 10, 2023 11:35 PM] The world’s second-largest stablecoin issuer wants to reduce its exposure to potential US debt defaults.

Tether has $1.5B in Bitcoin reserves: BDO Italia

[May 10, 2023 2:30 PM] The financial advisory and accounting firm also revealed that Tether held roughly $3.4 billion worth of precious metals.

Latam Insights: Bolivia Sells Gold for Dollars, Argentina Bans Fintech Crypto, Fitch Upgrades El Salvador’s Credit Rating

[May 8, 2023 3:30 AM] Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Bolivia passes a law to sell gold for dollars, the Central Bank of Argentina bans fintech…

Russia Projected to Start Purchasing Chinese Yuan for Its Foreign Reserves as Soon as May

[May 4, 2023 5:30 AM] Russia will start to purchase Chinese yuan for its international reserves as soon as this month, according to reports from Russian economists. While analysts state that the purchases will be small and symbolic in the beginning, these will…

Global Reserves Held in US Dollars Fell to Less Than 50% — Official States It Has Become a ‘Toxic’ Currency

[Apr 21, 2023 10:00 PM] The percentage of reserves held in U.S. dollars by central banks has fallen to less than half of the global total of reserves, according to a note from Eurizon SLJ Asset Management. The note states that the recent sanctions enacted by the U.S…

Dollar Dominance Fading Amid Growing China Trade, Russia Sanctions Risks, Ray Dalio Says

[Apr 20, 2023 4:30 PM] Fewer nations are willing to hold the U.S. dollar as America’s share in the global economy becomes smaller while China’s role in international trade expands, billionaire Ray Dalio noted. The founder of the world’s largest hedge fund also said thatâ€