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Bitcoin miner selling could last for four to six months after the halving, amounting to as much as $5 billion worth, according to an analyst. Bitcoin miner selling could last for four to six months after the halving, amounting to as much as $5 billion worth, according to an analyst. There could be a large outflow of Bitcoin from miners...
Ondo Finance's governance token (ONDO) jumped Thursday after the tokenized asset platform tested out the newly introduced ability to do near-instant conversions between Circle's USDC stablecoin and BlackRock's new BUIDL token. An Ondo wallet on Ethereum redeemed $250,000 worth of BUIDL tokens in exchange for USDC, Etherscan data shows. That was an attempt to try out the USDC-to-BUIDL feature announced...
Bitcoin Buckles Below $69K as Crypto Bulls Endure $175M Liquidations Bitcoin price on April 9 (CoinDesk) Bitcoin and ether dropped 4%, while SOL and DOGE lost 6%-7% in the past 24 hours. The move lower triggered the largest amount of leveraged long liquidations in a week, CoinGlass data show. Bitcoin(BTC)buckled below $69,000 as cryptocurrencies slid Tuesday, paring optimism after Monday's...
Bitcoin is "well positioned" for a strong weekly close, but not everyone is trusting of traditionally unreliable weekend BTC price action. Bitcoin is "well positioned" for a strong weekly close, but not everyone is trusting of traditionally unreliable weekend BTC price action. headed higher into the April 7 weekly close as uncharacteristic weekend BTC price action boosted bulls. BTC/USD 1-hour...
Maximum extractable value (MEV), in which blockchain operators reorder transactions to squeeze out additional profits, usually at the expense of whoever is sending the transactions, is not inherently bad, some policy experts point out. EU regulators are exploring the boundaries of MiCA regulation. (Pixabay) The European Securities and Markets Authority (ESMA) flagged a technique employed by some crypto miners as...
The last confirmed government sale was just more than a year ago. The DOJ seized about 50K Silk Road bitcoin in late 2022 (Shutterstock) A wallet tagged as belonging to the U.S. governmentmoved 30,175 bitcoinsto what's reported to be a Coinbase wallet late Tuesday morning. At bitcoin's(BTC)current price around the $65,000 level, that would be roughly $2 billion worth of...
All eyes are on the upcoming Bitcoin halving event. zen, stone. (Shutterstock) Bitcoin is trading above $70K, while Ether was above $3600 on Monday. Bitcoin halving event keeps options volatility high while perpetual futures funding rates remain inflated. Bitcoin(BTC)and ether(ETH)began the trading week fairly flat, as many major financial centers around the world remained closed for the long easter weekend....
The newly launched spot Bitcoin ETFs, excluding Grayscale’s, have amassed $35 billion worth of Bitcoin in just 54 days of trading. Nine of the 10 new spot Bitcoin exchange-traded funds (ETFs) have accumulated over 500,000 BTC since launching in January, with their holdings now accounting for 2.54% of the current circulating supply. The nine ETFs, which launched on Jan. 11,...
Vitalik Buterin Takes a Dig at the Metaverse, Calls It a Branding Ploy. Metaverse tokens have a $18 billion market cap, but we're not quite at Ready Player One yet. Vitalik Buterin speaks at BUIDL Asia in Seoul on March 27, 2024 (screenshot) The Metaverse needs a better definition for it to work properly, Vitalik Buterin said at the BUIDL...
Robert Mitchnick, the asset manager’s head of digital assets, said that there’s a misconception that BlackRock will have a “long tail” of other crypto services. (Jim Henderson, modified by CoinDesk) The asset management giant BlackRock’s (BLK) clients have “a little bit” interest in Ethereum, compared to bitcoin(BTC), head of digital assets Robert Mitchnick said. “I can say that for our...
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