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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...
Bitcoin Slips to $65K Amid Stronger Dollar, But Analyst Says the 'Pullback Is Over' Bitcoin price on March 21 (CoinDesk) Bitcoin slipped 5% below $65,000 Thursday, with the U.S. dollar resurging amid the Swiss central bank's interest rate cut. XRP, FIL and ICP defied the slump, while SOL and AVAX declined. Bitcoin completed its correction by rebounding from $60,000 Wednesday...
Disappointing flows into bitcoin ETFs over the past days partly resulted from investors trimming risks ahead of Wednesday's FOMC meeting, one market observer said. Federal Reserve Chair Jerome Powell speaks at the Brookings Institute in Washington, D.C. on Nov. 30, 2022. (Helene Braun/CoinDesk) Bitcoin slightly rebounded after dipping over 15% from last week's record as investors trimmed risks. Wednesday's Fed...
The CFTC-regulated platform will let traders bet on how high ETH will go this year and other price outcomes amid renewed interest in both crypto and prediction markets. Prediction markets are more reliable than other forecasting methods. (J. Paul Getty Museum, modified by CoinDesk) Kalshi will list prediction markets on crypto price outcomes (e.g. "How high will ETH get in...
Nearly 100 million shares of BlackRock’s Bitcoin funds were traded on Thursday, setting a new daily volume record. BlackRock’s spot Bitcoin (BTC) exchange-traded fund (ETF) has notched another daily trading volume record as BTC dropped 6% from its daily high over the United States trading day. Barchartdatafor March 14 shows the iShares Bitcoin Trust (IBIT) traded 99.3 million shares in...
The convertible notes Coinbase wants to sell include provisions aimed at aiding its stock investors. Coinbase CEO Brian Armstrong (Coinbase) Coinbase plans to raise $1 billion through a convertible debt offering, following the path of Michael Saylor's MicroStrategy. The offering has an extra provision, "negotiated capped call transactions," which will ensure less dilution at the conversion. The raise comes after...
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