Stablecoin giant Tether quietly bought over $360 million worth of Bitcoin (BTC) at the start of the year, according to on-chain data. The purchase brings the company’s total Bitcoin holdings up to 66,400 BTC worth $2.7 billion. Tether’s Massive Bitcoin Buys According to Bitcoin market intelligence provider CryptoQuant, a blockchain address previously identified as Tether’s...Read More
The EU Parliament and Council recently reached a provisional agreement on a list of anti-money laundering and anti-terrorist financing laws. Although further deliberation on other proposed measures is yet to be had, the new measures will help streamline the efforts of the national financial agencies of EU countries in this area. Although cryptocurrencies are not...Read More
Cathie Wood’s ARK Investment Management LLC is actively acquiring shares of its recently introduced spot Bitcoin ETF, intensifying the competition among the initial issuers. The ARK Next Generation Internet ETF (ARKW) divested $16 million from its position in the futures-backed ProShares Bitcoin ETF (BITO) on Tuesday. This move was made to accommodate the purchase of...Read More
[PRESS RELEASE – Cayman, Cayman Islands, January 18th, 2024] zbyte, the premium Web3 infrastructure platform, is proud to announce the launch of its mainnet and the DPLAT token, a significant milestone in bridging the gap between Web2 and Web3 technologies. zbyte is backed by prominent investors like Cartography Capital and Quarterback Financial. The zbyte mainnet...Read More
If you’re thinking about buying Bitcoin (BTC), think again: savvy investors are starting to consider MicroStrategy (MSTR) a far more appetizing trade. In a series of posts to X this week, Blockstream CEO Adam Back has argued that shares in the Bitcoin-bullish software business are trading at a massive discount relative to their underlying BTC...Read More
The meme coin market is taking centre stage in the crypto market, with several projects surging over 100% in the past week, and much more gains expected. With this in mind, we have compiled a list of the best meme coins to buy now, we consider price, hype, community, narratives and more. Let’s dig in....Read More
In an interview with Bloomberg, Rachel Aguirre, the head of product at BlackRock U.S. iShares, revealed that the firm’s spot Bitcoin ETF (IBIT) has witnessed a surge in inflows, predominantly coming from retail investors and newcomers to the cryptocurrency space. This revelation follows the impressive performance of IBIT, which has maintained its lead in total...Read More
The Bitcoin hashrate has experienced a 25% drop since the weekend, raising concerns about the security of the network just ahead of the highly anticipated “halving” event. Data sourced from BTC.com reveals a decline in global hashrate estimates from approximately 600 EH/s on Friday to 450 EH/s by Tuesday. Texas Cold Weather Affects Bitcoin Hashrate...Read More
Decentralized exchange (DEX) dYdX has made headlines by surpassing Uniswap, a long-standing leader in the sector, to become the platform with the largest 24-hour trading volume. This achievement is particularly significant following dYdX’s strategic migration from the Ethereum blockchain to the Cosmos ecosystem. dYdX Surpasses Uniswap Following Cosmos Transition dYdX, a crypto derivatives platform, announced...Read More
Former United States President Donald Trump, who is once again vying to re-enter the White House, has criticized central bank digital currencies (CBDCs), stating that he would not allow such a project to launch in the US if elected President. According to him, a CBDC will give the federal government total control, further describing it...Read More
Grayscale, a prominent American digital asset management company has encountered substantial outflows in its Spot Bitcoin ETF, Grayscale Bitcoin Trust (GBTC). Many expert analysts attribute the outflows to factors such as elevated trading fees and potential accounting irregularities. Grayscale’s bumpy journey Despite obtaining approval for its Spot Bitcoin ETF from the United States Securities and...Read More
A new listing – ONDOUSDT – featuring ONDO, the Ondo Finance token, will be available to trade on BitMEX, and with up to 10x leverage. Trading is expected to commence on 19 January at 04:00 UTC. For the lowdown on the latest listing, read on. If you haven’t signed up for a BitMEX account yet,...Read More
2024 kicked off with a tumultuous journey for Bitcoin, marked by the introduction of new spot ETFs on US markets. Bitcoin’s entry into traditional finance represents a historic move, but miners seem to be selling off their holdings. This development is especially significant in light of the recent fluctuations in Bitcoin’s price. According to the...Read More
Jurrien Timmer, Fidelity’s Director of Global Macro, has expressed the view that the current trends in Bitcoin’s price suggest a short-term positioning adjustment rather than a long-term trend reversal in a thread on X. According to Timmer, the current BTC sales are perceived as a short-term phenomenon, characterized as a “hangover” following the launch of...Read More
