124 / 255 Relevant items tagged with #cryptocurrency
Posts: 7,638
Posts
Genesis Sells Grayscale Shares, Buys $2.17 Billion in Bitcoin for Customer Reimbursement
[Apr 6, 2024 1:35 PM] Following Genesis Global Capital’s receipt of authorization to divest its Grayscale fund holdings, reports disclose that Genesis executed the sale last week. The proceeds were then used to procure 32,041 bitcoin, aimed at reimbursing its…
Miners Offload Bitcoin in Anticipation of Reward Halving, Says Cryptoquant
[Apr 6, 2024 11:28 AM] Data from Cryptoquant indicates that bitcoin miners have been offloading their assets in anticipation of the upcoming Bitcoin network halving, slated to take place in two weeks. Cryptoquant highlighted a peak in daily sales to over-the-counter…
US Bitcoin ETFs Bounce Back With $569.4M in Net Inflows After Initial Dip
[Apr 6, 2024 9:07 AM] Spot bitcoin exchange-traded funds (ETFs) concluded the week on an upbeat note, securing $203 million in positive inflows on Friday, as per the latest data. Despite an initial setback of $84.7 million in net outflows on April 1, the ETFs have since…
NFT Sales Slide Continues Amid Record Crypto Volumes, Marking Fourth Week of Decline
[Apr 6, 2024 7:28 AM] Over the past week, sales volume for non-fungible tokens (NFTs) experienced another week-on-week decrease, marking a 13.72% reduction. This downturn marks the fourth consecutive week of declining NFT sales, a stark contrast to the record-breaking…
Bitcoin’s Path to Halving — Anticipated Increase in Difficulty Sets Stage
[Apr 6, 2024 6:21 AM] Based on current metrics, the Bitcoin blockchain is set to undergo another difficulty adjustment before the halving, with an anticipated increase of 1.2% to 2.16% around April 11, 2024. Following this adjustment, there will be 1,344 blocks…
Bitcoin.org Owner Cobra Predicts Next Bitcoin ‘Great Divide’
[Apr 6, 2024 1:37 AM] Cobra, the pseudonymous owner and operator of Bitcoin.org, has predicted the next divide that will plague the Bitcoin ecosystem in the coming times. Cobra explained in social media that this conflict will face ossificationists (people that want…
Makerdao Co-Founder Rune Christensen: Defi Frontends Might Need Licenses to Operate in Europe
[Apr 5, 2024 11:35 PM] Rune Christensen, a co-founder of the Makerdao project, has warned about the possible disruptions linked to hypothetical EU-wide requirements for defi fronteds to receive a license for operating. Christensen said this would decelerate the EU to the…
India’s Digital Rupee Expands: Non-Banks to Offer Central Bank Digital Currency Wallets
Blackrock Adds Citi, Goldman, UBS, Citadel as Bitcoin ETF’s Authorized Participants — IBIT Holdings Near 260K BTC
[Apr 5, 2024 7:31 PM] Blackrock, the world’s largest asset manager, now has nine authorized participants for its spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT). They include JPMorgan Securities, ABN Amro, UBS Securities, Goldman Sachs…
FOMO Gives Way To Fear: Bitcoin-Ethereum Ratio Signals Shift In Crypto Sentiment
[Apr 5, 2024 6:00 PM] The recent ratio between Bitcoin (BTC) and Ethereum (ETH) prices suggests a potential decline in risk appetite within the crypto market. The ratio has reached its highest level since April 2021, indicating a stronger demand for Bitcoin than its…
IMF Urges Ukraine to Finalize Crypto Legislation, Government Official Reveals
Nigerian Court Postpones Detained Binance Executive’s Tax Evasion Case to April 19
[Apr 5, 2024 4:29 PM] A Nigerian court has postponed the tax evasion case of the detained Binance executive to April 19, while the hearing for the cryptocurrency exchange itself is scheduled for April 8. The court also ordered that the executive Tigran Gambaryan be held…
FTX Estate Offloads $1.9 Billion Worth Of Locked Solana (SOL) Tokens In Sale
FTX Nets $1.9B in Solana Sale at $64 per SOL, Discount Price Draws Creditor Scrutiny
[Apr 5, 2024 3:23 PM] In a report informed by individuals close to the situation, the FTX estate has successfully liquidated $1.9 billion by offloading a considerable amount of solana (SOL), including tokens that were not immediately available due to a vesting schedule…
Terraform Labs and Former CEO Do Kwon Found Liable for Civil Fraud by Jury
[Apr 5, 2024 2:33 PM] On Friday, Zack Guzmán, founder of Coinage Media, announced that Terraform Labs’ co-founder Do Kwon and his startup were deemed responsible for fraudulent activities in its legal battle against the U.S. Securities and Exchange Commission…
Bitdeer Utilizes Chip Giant TSMC, Eyeing $60M in Bitcoin Mining Equipment Production
[Apr 5, 2024 1:20 PM] According to the publicly-listed mining corporation Bitdeer, the company is employing Taiwan Semiconductor Manufacturing Company (TSMC) for its Sealminer A1 mining rigs for the third quarter. Bitdeer also disclosed that it extracted 294 bitcoins in…
Paraguayan Lawmakers Introduce Bill to Temporarily Pull the Plug on Bitcoin Mining Operations
[Apr 5, 2024 11:16 AM] A group of Paraguayan lawmakers is spearheading a bill that seeks to enact a temporary ban on cryptocurrency mining operations in Paraguay for 180 days or until the industry’s activities are properly regulated. The bill alleges that 28% of…
Ex-Terraform Labs CEO Do Kwon’s Extradition Case Reset
Sony Bank Tests Yen-Pegged Stablecoin, Taps Polygon for Pilot Project
[Apr 5, 2024 9:07 AM] According to a regional report, Sony Bank of Japan is currently exploring the potential of a stablecoin tied to the yen that could be utilized by Sony Group along with its associated entities. Insiders revealed that this endeavor’s testing…
Ethena Labs Adopts Bitcoin to Back USDE Stablecoin; Supply Surpasses 2 Billion
[Apr 5, 2024 7:27 AM] On Thursday, Ethena Labs unveiled its new strategy to back USDE with bitcoin, enhancing the stablecoin’s foundation. The stablecoin, known for delivering yields in the double digits, has rapidly ascended to become the fifth-largest…
Bitcoin Technical Analysis: BTC Sails Through Choppy Waters After Recent Uptick
Paradigm Tries Again at Crypto: Seeks to Raise at Least $750 Million to Launch New Fund
[Apr 5, 2024 5:34 AM] Paradigm, one of the largest venture capital firms in the crypto space, is gearing up to reenter the crypto VC arena. According to reports, the firm is in talks with third parties to launch a $750 – $850 million crypto-focused investment…
Crypto Derivatives Lost Overall Market Share in March Despite Hitting Record High Trading Volume of $6.18T
[Apr 5, 2024 12:41 AM] The share of crypto derivatives in total market activity slipped to 67.8% in March, according to CCData.
US Court Sentences Onecoin’s Head of Legal and Compliance to 4 Years in Prison
Brazil Eyes Crypto Taxation Changes in New Bill
[Apr 4, 2024 8:29 PM] Brazil is on the verge of presenting a new crypto taxation scheme proposed in a bill to be presented to the National Congress in the coming days. The bill proposes taxing cryptocurrencies the same way as shares and capital instruments with…
Goldman Sachs Wealth Management CIO: Crypto Is Not an Investment Asset Class
[Apr 4, 2024 5:26 PM] The chief investment officer of Goldman Sachs’ Wealth Management unit does not see cryptocurrency as an investment asset class. She also believes that bitcoin “creates absolutely no value in any shape or form.” Her perspective differs from…
Bitcoin NFT Market Thrives, Franklin Templeton Remains Bullish, Binance Ends Support
[Apr 4, 2024 5:00 PM] Franklin Templeton’s digital assets division has released a note to its investors introducing Bitcoin-based non-fungible tokens (NFTs), highlighting a surge in activity within the Bitcoin ecosystem. The asset manager attributes this…
Ripple’s Legal Chief Urges SEC to Own up to Its Mistakes After Years of ‘Misguided War on Crypto’
[Apr 4, 2024 3:38 PM] Ripple’s chief legal officer has urged the U.S. Securities and Exchange Commission (SEC) to own up to its multiple missteps in enforcement actions against the crypto industry. He referenced court rulings that criticized the SEC for…
Google Sues Chinese Nationals for Running Crypto Scam Using Google Play App Store
[Apr 4, 2024 2:35 PM] Tech giant Google has filed a lawsuit against two Chinese nationals, accusing them of developing fraudulent cryptocurrency apps on the Google Play store and defrauding more than 100,000 users globally. “This is a unique opportunity for us to…