Bitcoin: Analyst predicts more ‘upside’ for BTC despite THIS ‘net neutral’
Grayscale’s GBTC total cumulative outflows hit $14.15 million Coinbase analyst sees GBTC selling linked to Gemini as “net neutral” The new U.S spot Bitcoin [BTC] ETFs recorded net outflows throughout last week. Grayscale’s GBTC led the outflows, totaling $2.1 billion. As Q1…
Bitcoin Halving countdown – Why this 20-month high is sign of things to come
Supply held by wallets with 10 – 10k coins surged to a 20-month high. An analyst noted higher chances of Bitcoin hitting $72.8k in the days ahead. Investors started to increase Bitcoin [BTC] exposure in their portfolios as the countdown to the…
How Bitcoin’s $70K hike unveiled something interesting about traders
Open Interest in BTC surged as price reached the $70,000 mark. Traders continued to make their bets despite high amount of liquidations. Bitcoin [BTC] has inspired massive optimism from traders in the crypto space as the price of BTC surged and…
Retired N.J. corrections officer admits $600K crypto scam
A former corrections officer admitted Monday that he orchestrated two different scams, including a cryptocurrency scam, that targeted first responders and cost his victims more than $600,000, federal prosecutors announced Tuesday. John DeSalvo, 47, of Linwood, pleaded guilty in Newark…
Larry Fink’s BlackRock Deploys $100M Onto Ethereum’s Blockchain: World’s Biggest Asset Manager Has Big Plans For Crypto
BlackRock Inc., the world’s largest asset manager, has deployed $100 million onto Ethereum anticipating the approval of BlackRock’s new Digital Liquidity Fund. CEO Larry Fink believes tokenization and exchange-traded funds (ETFs) will revolutionize finance, and many experts believe the tokenization…
Will Coinbase’s new moves calm decentralization concerns?
Coinbase has opted to move customer and corporate USDC balances on-chain. It will save the firm on settlement speed and costs, but decentralization concerns persist. Coinbase is shifting towards an on-chain financial entity after stating it will move customer and…
‘Just because they embraced Bitcoin…’ – Tim Draper hails El Salvador
Tim Draper expressed optimism regarding El Salvador’s aggressive Bitcoin investment strategy. He claimed more countries should embrace Bitcoin. As the Bitcoin [BTC] halving approaches, several discussions have been centered around the king coin. In one such compelling discussion, Tim Draper, venture capitalist…
Bitcoin: Will ‘flash crashes’ impact BTC negatively?
Have you ever wondered if Bitcoin flash crashes have a negative impact on its value? Recently, the cryptocurrency market has seen a series of sudden and dramatic price drops across various centralized exchanges, leading to a decline in sentiment towards Bitcoin. Despite…
Spot Bitcoin ETF Net Inflows Surge To $417M, But Why Did Price Not Move?
Substantial fund inflows into Bitcoin spot Exchange-Traded Funds (ETFs) have coincided with a notable dip in Bitcoin‘s (CRYPTO: BTC) price, sparking discussions about the current sentiment among investors. What Happened: According to data from SoSoValue, the Bitcoin spot ETF sector…
Judge rules SEC can proceed with case against Coinbase
Judge rules SEC vs. Coinbase case to proceed. US District Judge Kathrine Failla however granted Coinbase’s motion on its wallet. A federal judge has ruled that the US Securities and Exchange Commission (SEC) lawsuit against crypto exchange Coinbase will move…