Crypto | Bitcoin | Blockchain

2024-03-06 11:25:21 Spot Bitcoin ETFs record $10 billion in daily volume, breaking previous record

Spot Bitcoin ETFs have continued their record-breaking performance this week, recording over $10 billion in volume on March 5 — the highest since their launch in January. The previous record was set on Feb. 28, when the ETFs recorded a collective trading volume of approximately $7.7 billion.

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2024-03-05 21:29:02 Bitcoin ETF Giant Grayscale Introduces a Crypto Staking Fund

Grayscale, the investment firm behind the biggest spot bitcoin ETF, has introduced a new fund that stakes cryptocurrencies to earn income. The Grayscale Dynamic Income Fund (GDIF), the company said Tuesday, initially will own assets for nine blockchains: Aptos (APT), Celestia (TIA), Coinbase Staked Ethereum (CBETH), Cosmos (ATOM), Near (NEAR), Osmosis (OSMO), Polkadot (DOT), SEI Network (SEI), and Solana (SOL). It aims to distribute rewards in U.S. dollars on a quarterly basis.

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2024-03-04 21:10:00 Tether USDT poised to hit $100 billion market cap following a surge in global usage

Tether’s USDT stablecoin is on the verge of a significant milestone, with its market capitalization nearing $100 billion. CryptoSlate’s data show that the digital asset currently boasts a market capitalization of $99.5 billion, representing a 9% growth on the year-to-date metric. This surge follows the recent minting of 1 billion USDT by the Tether Treasury. On Mar. 3, Whale Alert reported this significant activity, with the Tether Treasury creating an additional 1 billion USDT, valued at approximately $999 million.

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2024-03-04 13:05:21 U.S. Judge Enters Default Ruling Against Ex-Coinbase Insider, Says Secondary Market Sales are Securities Transactions

In an insider trading case involving Coinbase’s former product manager Ishan Wahi, his brother Nikhil Wahi, and their friend Sameer Ramani, a U.S. court ruled on March 1, that the trading of certain crypto assets on a secondary market, which Coinbase is, are securities transactions. The court took this critical position in a default judgment against Ramani. A default judgment is given when the defendant fails to respond to a court summons or does not appear in court.

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2024-03-04 00:45:28 WSJ faces defamation lawsuit tied to Tether-Bitfinex article

Over a year after alleging fraud and money laundering associated with Tether-Bitfinex, the Journal has now removed any mention of Christopher Harborne and his business from the article. The Wall Street Journal reportedly faces a defamation lawsuit for allegations made in an article published in 2023 describing illegal activities involving crypto firms Tether and Bitfinex.

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2024-03-03 12:25:16 JPMorgan Expects Bitcoin Price to Drop to $42K After Halving

JPMorgan has cautioned investors that the price of bitcoin could fall to $42,000 after the halving event in April. The global investment bank’s analysts explained that $42K is the level they “envisage bitcoin prices drifting towards once bitcoin-halving-induced euphoria subsides after April.” The bank also recently stated that the bitcoin halving and the next major Ethereum upgrade are “largely priced in.”

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2024-03-02 23:01:15 Indonesia mulling changes to dual taxation on crypto: Report

Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti) has reportedly asked the nation’s Ministry of Finance to assess its stance on cryptocurrency taxation. According to a recent local report, executive staff members at Bappebti have requested to reassess the government-imposed value-added tax (VAT) of 0.11% on each crypto transaction in Indonesia, as well as the 0.1% income tax on crypto.

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2024-03-01 21:20:29 Bitcoin mining difficulty decreases by 3% as halving approaches in 50 days

Bitcoin’s mining difficulty has seen a downward adjustment of 3%, with the current BTC difficulty standing at 79.35 T, as per data from Newhedge and Coinwarz. This marks the second negative adjustment this year, in the wake of roughly two of the past 12 months’ highest adjustments at approximately 7% and 8%, respectively. This minor drop in difficulty is primarily due to the rapid increase in the hash rate over the past months, a trend that hasn’t maintained its upswing in the last two weeks.

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2024-02-29 20:12:02 Coinbase Adds 'Smart Wallet' Feature, So Lengthy Seed Phrases Aren't Needed

Coinbase, the publicly traded U.S. cryptocurrency exchange, is coming out with two new wallet solutions that are supposed to make the onboarding of new users into crypto easier. The features, known as their smart wallet and embedded wallets, aim to overcome hurdles that often come with the clunky user experience when creating crypto wallets.

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2024-02-29 11:50:18 Shido token plummets 94% as exploiter drains Ethereum staking contract

The token for the layer-1 blockchain Shido dropped as much as 94% in just 30 minutes after suffering an exploit on its Ethereum-based staking contract. Blockchain security firm PeckShield alerted its followers to the drop in a Feb. 29 X post. In a follow-up post, it explained an exploiter managed to transfer the blockchain’s Ethereum staking contract to another address with the new owner then upgrading the contract with a hidden function to withdraw staked tokens.

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