Coinbase, a leading U.S. cryptocurrency exchange, claims that Americans could have saved at least $ 74 million in 2022 by leveraging crypto tech instead of using credit cards as payment options. In its latest State of Crypto report, Coinbase reveals how traditional finance system institutions keep transaction fees high in a system “mired in …
At 10:00 a.m. EDT on Feb. 9, 2024, the nine recently launched spot bitcoin exchange-traded funds (ETFs) collectively possess 202,868.61 bitcoin, valued at $ 9.56 billion according to current exchange rates. New ETFs Command Over 200,000 Bitcoin In the last 28 days, spot bitcoin ETFs introduced by Blackrock, Fidelity, Ark Invest, Bitwise, Invesco, Vaneck, …
Barely a month after raising $ 850 million from an auction of dollar-denominated treasury bills, the CBE was reportedly poised to raise $ 1 billion via similar instruments. The decision to hike overnight interest is said to be part of the central bank’s ongoing efforts to stabilize Egypt’s teetering economy. Easing Pressure on …
After reaching an agreement with the U.S. Securities and Exchange Commission (SEC), the bankrupt company Genesis Global Capital has submitted a petition to the bankruptcy court to dispose of holdings from Grayscale’s Bitcoin Trust, Ethereum Trust, and Ethereum Classic Trust. These assets are estimated to be worth approximately $ 1.59 billion, and the debtors …
In the span of just 12 days, the market cap of the artificial intelligence (AI) cryptocurrency sector has risen from $ 6.08 billion to its present valuation of $ 7.15 billion. This growth is primarily attributed to the impressive performance of bittensor (TAO), which saw a notable increase of 31.6% against the U.S. …
According to data, Grayscale’s Bitcoin Trust, GBTC, recently released another batch of bitcoin valued at $ 184.19 million. GBTC’s holdings decreased from 482,592.18 bitcoin to the current 478,337.43 bitcoin in just one day, marking a reduction of 4,254.75 coins. Since Jan. 12, 2024, GBTC has offloaded a total of 138,742.56 bitcoin, valued at slightly …
According to the latest metrics, Grayscale’s Bitcoin Trust, commonly referred to as GBTC, saw a decline of approximately 9,520.27 bitcoins, valued at around $ 410 million, between Jan. 31 and Feb. 1, 2024. During a two-day period, Blackrock’s spot bitcoin exchange-traded fund (ETF), IBIT, expanded its reserve holdings from 63,488.22 bitcoins to the current …
Celsius has concluded its Chapter 11 bankruptcy process and is embarking on a new journey with the launch of Ionic Digital, Inc., a bitcoin mining company managed by Hut 8 Corp. This development follows a complex legal and financial restructuring, which will include over $ 3 billion distributed to creditors. Celsius Ends Bankruptcy Saga, …
In the past month, data reveals a significant increase in the combined market capitalization of leading stablecoins, rising from $ 131.71 billion to $ 136.56 billion. The top two stablecoins, tether and usd coin, experienced notable expansions in their supplies, with increases of 4.8% and 7.2% respectively. Stablecoin Economy on the Rise Over …
The SEC alongside the DOJ, has levied serious charges against key figures in a $ 1.9 billion cryptocurrency fraud scheme involving Hyperfund. SEC and DOJ Crack Down on $ 1.9 Billion Hyperfund Crypto Fraud The U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have taken major legal action against …
From purchasing cocaine to uncovering a multimillion-dollar glitch, the story of James “Jimmy” Zhong reads like a dark comedy. Zhong, a computer science graduate, exploited a vulnerability on Silk Road to steal over 50,000 bitcoin, evading detection for nearly a decade while living a life of luxury. The Unbelievable Tale of Jimmy Zhong: From Cocaine […]
Current data reveals that Blackrock’s IBIT spot bitcoin exchange-traded fund (ETF) currently possesses 52,025.76 bitcoin, with a total value of $ 2.18 billion. Furthermore, Fidelity’s FBTC has increased its bitcoin holdings, now standing at 46,238.09 bitcoin as of Jan. 29, 2024. Blackrock Snags 52,025 Bitcoin, While Fidelity Now Holds 46,238 Several of the …
The cryptocurrency lending platform Nexo has submitted a $ 3 billion arbitration claim against the Republic of Bulgaria, following a raid on its office in 2023 and a subsequent probe by the Bulgarian Prosecutor General’s Office. Nexo alleges that these actions harmed its business prospects. ‘Politically Motivated’ Allegations The Switzerland-based crypto lending platform Nexo …
Recent data reveals that Blackrock, the globe’s leading asset manager boasting over nine trillion in assets under management (AUM), now possesses 33,430.56 bitcoin, valued at approximately $ 1.34 billion. Similarly, the financial powerhouse Fidelity has increased its bitcoin holdings, with the Fidelity Wise Origin spot bitcoin exchange-traded fund (ETF) now owning 30,169.54 bitcoin, equivalent …
Global investment bank JPMorgan has warned of additional outflow from Grayscale’s bitcoin fund, cautioning that it will put “further pressure on bitcoin prices over the coming weeks.” The bank’s analyst also explained that the $ 3 billion inflow into new spot bitcoin exchange-traded funds (ETFs) “reflects a rotation from existing bitcoin vehicles” or “from …