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The defunct crypto exchange’s trustees said Monday they are preparing to start distributing bitcoin (BTC) stolen from clients in a 2014 hack in the first week of July. Sale sign (Markus Spiske/Unsplash) Traders believe the selling pressure from Mt. Gox's repayments might be less severe than anticipated, potentially easing concerns about an immediate selloff. Galaxy Research suggests that a significant...
Bitcoin transactions worth $100,000 or above have significantly fallen over the past two days. Meanwhile, Bitcoin has retraced below $63,000. Bitcoin transactions worth $100,000 or above have significantly fallen over the past two days. Meanwhile, Bitcoin has retraced below $63,000. Bitcoin whales slowed their transaction activity in the past two days, just before Bitcoin’s price slipped below $63,000. On June...
The company now holds 226,331 bitcoins worth just shy of $15 billion. Nasdaq-listed software firm MicroStrategy (MSTR), the largest corporate holder of bitcoin (BTC), has acquired another 11,931 BTC for $786 million, according to a Thursday morning press release. Led by Executive Chairman Michael Saylor, the company as of the end of April held 214,400 bitcoins. This latest acquisition brings the...
Prospective providers of spot ether ETFs in the U.S. removed provision for staking from their applications to avoid potential regulatory roadblocks. Ophelia Snyder, co-founder of 21Shares, at Consensus 2024 in Austin, Texas (CoinDesk) Lack of staking is unlikely to concern institutional investors, though retail investors may be upset, Synder said. This difference in demand means there is a potential...
Mining stocks outperformed bitcoin in the first half of the month as investors reacted positively to news of Core Scientific’s AI deal with CoreWeave, the report said. U.S.-listed bitcoin miners reached a record total market cap of $22.8 billion in June: JPMorgan (Eliza Gkritsi/CoinDesk) The aggregate market cap of the 14 U.S.-listed bitcoin mining stocks the bank tracks hit...
Tomorrow's Fed "dot plot" of interest rate projection and forward guidance by Chairman Powell will be key for what's next for the digital asset market, K33 Research said. Bitcoin price on June 11 (CoinDesk) Cryptocurrencies tumbled deeper into correction on Tuesday with bitcoin (BTC)dipping to near $66,000 as traders brace for Wednesday's key U.S. inflation report and Federal...
Most ETF inflows are likely part of a non-directional strategy, not outright bullish bets. Math. (damirbelavic/Pixabay) ETF Inflows appear to be a part of non-direction cash and carry strategy and do not necessarily represent outright bullish bets. Stablecoin inflows have slowed as well. Crypto market observers are in flux as bitcoin's spot price continues to coil in a narrow range...
Favorable payroll data could open the way to $80,000 per bitcoin by end-June, Standard Chartered’s Geoffrey Kendrick said in a Thursday note. Trump poster for 2024 election. (Jon Tyson/Unsplash) Bitcoin’s value could potentially reach $150,000 by the end of 2024. This is based on the assumption that Donald Trump’s U.S. election victory would be a positive boost for the crypto...
After a period of flat to negative flows, the spot ETFs have added $2.4 billion in assets over the past month, according to data from Bloomberg Intelligence. The spot bitcoin ETFs saw inflows totaling $2.4 billion over the past month. (viarami/Pixabay) The U.S.-traded spot bitcoin ETFs added $2.4 billion worth of bitcoin over the past month. This streak follows a...
Joe Biden said he would veto the resolution before the House or Senate voted on it. President Joe Biden made good on his vow to veto Congress' effort to overturn a controversial crypto accounting policy from the Securities and Exchange Commission. (Chip Somodevilla/Getty Images) U.S President Joe Biden signed a veto of a House Joint Resolution that would have repealed...