Crypto | Ethereum | Bitcoin

2024-03-07 18:55:00 Total Bitcoin ETF net inflows reach $8.9 billion

BitMEX data showed $332 million in inflows into Bitcoin ETFs, equivalent to 4,995 Bitcoin, on Mar. 6. Leading the charge was BlackRock’s IBIT, which added $282 million to its coffers, bringing its total net inflows to $9.4 billion. This implies that IBIT currently holds around 188,000 BTC. Fidelity’s FBTC wasn’t far behind, maintaining a strong momentum with a robust net inflow of $206 million. This growth brings their total net inflows to $5.6 billion, equivalent to roughly 113,000 Bitcoin, according to BitMEX.

Source

@Crypto_Ethereum_Bitcoin Open / Comment

2024-03-07 12:01:14 Blackrock's Bitcoin ETF Adds 12,623 BTC in Largest Single-Day Purchase Since Launch

Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), amassed the largest single-day bitcoin purchase since its Jan. 11 launch on Tuesday. This buying surge coincided with a bitcoin price correction, following the cryptocurrency’s new all-time high set just hours earlier. On Tuesday, IBIT saw a record inflow of $788.3 million, pushing the total net inflow for all 10 new spot bitcoin ETFs to $648.3 million.

Source

@Crypto_Ethereum_Bitcoin Open / Comment

2024-03-06 21:15:37 Binance temporarily suspends Solana network withdrawals, citing ‘increased volume’

Binance, the world’s largest cryptocurrency exchange, has intermittently suspended withdrawals to the Solana network due to an “increased volume of transactions.”. “Withdrawals on the Solana (SOL) network have been intermittently suspended since 2024-03-04 due to the increased volume of transactions on the network. Binance has identified some areas for optimization and is working to provide a stable and long-term solution.

Source

@Crypto_Ethereum_Bitcoin Open / Comment

2024-03-06 10:50:14 Coinbase counters use of default judgment ruling in SEC lawsuit

Coinbase is countering the Securities and Exchange Commission's efforts to leverage a decision from an insider trading case to bolster the agency's lawsuit against the cryptocurrency exchange. Coinbase hit back after the SEC a day earlier said it wanted to inform the court of a default judgment made last week by another court. That ruling said that the trading of certain crypto assets on secondary markets constitutes securities trading.

Source

@Crypto_Ethereum_Bitcoin Open / Comment

2024-03-05 22:20:35 Coinbase surges into Apple App Store top 100 for first time in two years

Crypto exchange Coinbase has surged back into the U.S. Apple App Store top 100 for the first time in more than two years. The app jumped from a ranking of 163th on Sunday to 98th yesterday as the price of bitcoin approached all-time highs. It has since leaped back into the top 50 — currently ranking at 49th — according to The Block’s data dashboard. Coinbase started the year ranking at 489th but has risen sharply alongside gains for bitcoin and the broader cryptocurrency market.

Source

@Crypto_Ethereum_Bitcoin Open / Comment

2024-03-04 22:50:00 Crypto Stocks Surge as Bitcoin Approaches All-Time Highs

U.S.-listed crypto companies showed healthy gains in pre-market trading on Monday as bitcoin {{BTC}} topped $65,000 for the first time since November 2021. With the world’s largest cryptocurrency's all-time high price of just over $69,000 firmly in its sights, crypto exchange Coinbase (COIN) gained over 6% while software company MicroStrategy (MSTR), which holds more than 190,000 BTC on its balance sheet, rose around 8.2% in pre-market trading.

Source

@Crypto_Ethereum_Bitcoin Open / Comment

2024-03-04 13:20:18 Trading certain crypto assets on secondary markets are securities transactions, US court rules

A court in the United States has ruled that the trading of certain crypto assets on secondary markets, such as crypto exchanges, are securities transactions — a position in opposition to that taken by Coinbase and the wider crypto industry. The ruling comes in an insider-trading case against former Coinbase product manager Ishan Wahi, brother Nikhil Wahi and friend Sameer Ramani.

Source

@Crypto_Ethereum_Bitcoin Open / Comment

2024-03-03 23:05:30 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.

Source

@Crypto_Ethereum_Bitcoin Open / Comment

2024-03-03 13:02:02 Galaxy Digital Sees 'Tremendous Global Demand for Bitcoin' — CEO Says 'There's a New Army of Buyers'

Galaxy Digital CEO Mike Novogratz sees “a tremendous global demand for bitcoin,” emphasizing: “This is probably the first time in the history of bitcoin that we have true price discovery.” Noting that there is “a new army of buyers” and there is also “an army of salespeople,” he expects the price of bitcoin to be “much higher.”

Source

@Crypto_Ethereum_Bitcoin Open / Comment

2024-03-02 23:20:34 Nigerian Government Imposes $10 Billion Fine on Binance

The Nigerian government has reportedly slapped the cryptocurrency exchange Binance with a $10 billion fine. According to a Nigerian government official, Binance is being punished for causing the local currency’s recent plunge against major currencies. These operations have reportedly contributed to the rapid depreciation of the naira in recent weeks.

Source

@Crypto_Ethereum_Bitcoin Open / Comment