Bitcoin News

2024-02-19 20:46:35 Coinbase sees major Bitcoin withdrawal, holds lowest confirmed supply since 2015

Data unveiled during Asia hours from Coinbase revealed a sizable withdrawal of over 18,000 Bitcoin, as confirmed by Arkham Intelligence, Glassnode, and Coinglass. This substantial outflow of nearly $1 billion has significantly influenced Coinbase’s exchange balance. The funds have been sent to several different addresses with the Bitcoin split across new wallets. Balances in the new wallets range from $45 million to $171 million, with all UTXOs from the original transaction having been spent.

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2024-02-19 08:59:59 Bitcoin Network Faces Downturn in Transactions and Fees as Halving Approaches

The volume of daily transactions on the Bitcoin network has seen a significant decline since Jan. 28, 2024, with numbers falling from peaks above 600,000 to below 300,000 transactions per day. This downturn is in sync with a decrease in the daily creation of Ordinal inscriptions, overall easing congestion and reducing onchain fees.

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2024-02-10 09:50:00 Bitcoin ETFs Absorb $400 Million In One Day, Surpass $2 Billion Since Launch

Bitcoin spot ETFs recorded $400 million of net inflows on Thursday, bringing their total inflows since launch beyond $2 billion for the first time. In terms of daily flows, Thursday was the third best day yet for Bitcoin ETFs since going live on January 11. Their best performance remains the day of launch when they raked in $655 million in total, followed by January 17 when they absorbed $453 million.

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2024-02-09 20:51:15 New spot bitcoin ETFs amass 200,000 BTC in less than one month of trading

After less than one month of trading, the nine newborn spot bitcoin exchange-traded funds now hold more than 200,000 in assets under management — excluding Grayscale’s converted GBTC fund. According to K33 Research, the nine new ETFs had amassed 203,811 ($9.5 billion) as of yesterday’s close. Launching on Jan. 11, these ETFs are BlackRock (IBIT), Fidelity (FBTC), Bitwise (BITB), Ark 21Shares (ARKB), Invesco (BTCO), VanEck (HODL), Valkyrie (BRRR), Franklin Templeton (EZBC) and WisdomTree (BTCW).

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2024-02-09 10:05:59 Bitcoin ETFs (Ex-GBTC) Now Hold More BTC Than MicroStrategy

The recently launched spot bitcoin ETFs, excluding Grayscale's GBTC, added nearly another 5,000 tokens to their holdings Wednesday, and now at more than 192,000 BTC, own more of the crypto than MicroStrategy (MSTR), whose total stood at 190,000 as of the end of January. The funds have only been on the market for less than one month but have already attracted billions of dollars from investors looking to gain exposure to bitcoin without having to buy and store it directly.

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2024-02-08 21:59:59 Microstrategy Raises Bitcoin Holdings to 190K BTC — Calls Itself 'World's First Bitcoin Development Company'

Nasdaq-listed Microstrategy has increased its cryptocurrency holdings to 190,000 bitcoins, having acquired 31,755 additional coins since the end of the third quarter. The company now considers itself “the world’s first Bitcoin development company,” with a unique value proposition, even when compared to spot bitcoin exchange-traded funds (ETFs). “We are a publicly-traded operating company committed to the continued development of the Bitcoin network through our activities in the financial markets, advocacy, and technology innovation,” Microstrategy detailed.

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2024-02-08 09:05:00 SEC Delays Decision on Invesco-Galaxy Spot Ethereum ETF Proposal

May 23 continues to be a significant date for the approval of spot Ethereum ETFs, representing VanEck’s final deadline for approval. The United States Securities and Exchange Commission (SEC) has again delayed its decision on whether to approve or not a joint spot Ethereum exchange-traded fund (ETF) proposed by Invesco and Galaxy Digital. This marks the second postponement after a similar delay in December and aligns with the SEC’s recent trend of pushing back deadlines for Ethereum ETF proposals.

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2024-02-07 20:54:59 Thailand waives value-added tax on crypto gains: report

Thailand has extended its value-added tax exemption on cryptocurrency trading in an attempt to develop the country into a digital asset center, according to local media. The Bangkok Post reported on Wednesday that the Ministry of Finance has relaxed rules by suspending the requirement to pay a 7% value-added tax on gains from crypto trading. The tax exemption period became effective on Jan. 1, 2024, without an expiration date, according to the report.

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2024-02-07 10:35:00 Bitcoin's price rebounds above $43,000 as macro concerns temper some optimism

The price of bitcoin has rallied back above the $43,000 mark with the volatile price action causing the liquidation of over $66 million in leveraged cryptocurrency positions. The world's largest cryptocurrency by market capitalization increased by over 1.8% in the past 24 hours to $43,317 at 12:00 p.m. ET, according to The Block's Price Page. The price action caused the liquidation of over $15 million in bitcoin leveraged positions, according to Coinglass data.

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