Bitcoin | Ethereum | Altcoin

2024-02-19 19:45:28 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 08:00:00 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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2024-02-18 23:59:59 Aussie cop accused of stealing 81 Bitcoin during raid: Report

The Australian federal police officer denies allegations of taking Bitcoin from a hardware wallet at the crime scene and transferring it to crypto exchange Binance. The National Anti-Corruption Commission (NACC) of Australia has accused a federal police officer of wiping a Trezor hardware wallet containing 81.62 Bitcoin at a crime scene. The authorities relied on crypto tracing software to allege that he transferred the Bitcoin into his own possession.

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2024-02-18 13:15:18 Bitcoin ETFs posted $2.2B net inflows over the week

Bitcoin exchange-traded funds (ETFs) had another strong week, with net inflows surpassing $2.2 billion between Feb. 12 and Feb. 16. According to Bloomberg analyst Eric Balchunas, the combined volume was higher than inflows received by any other among the 3,400 ETFs available in the United States. BlackRock's fund IBIT received the majority of capital, amassing positive flows of $1.6 billion over the past week, as revealed by data from BitMEX Research.

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2024-02-10 21:12:02 Cloud Bitcoin Mining Firm BitFuFu Seeks Public Listing

BitFuFu, a prominent player in the cloud bitcoin mining industry, is making strides towards a public listing in the United States. Backed by Bitmain, the firm is eyeing an initial public offering (IPO) through a Special-Purpose Acquisition Company (SPAC) merger. The firm initially planned to go public in January 2022 through a merger with Arisz Acquisition Corp. The anticipated debut on the stock market was set for the third quarter with a pro forma enterprise value of almost $1.5 billion.

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2024-02-10 11:15:20 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 21:01:30 Bitcoin Miner Shares Offer Good Entry Point Ahead of Halving Event: Bernstein

Bitcoin (BTC) mining companies appear to have bottomed out following the approval of spot bitcoin exchange-traded funds (ETFs) in the U.S. last month, and broker Bernstein advises buying its preferred stocks in the sector ahead of the next reward halving, it said in a research report Thursday. The world’s largest cryptocurrency has performed well ahead of the halving, in which the reward miners earn for their efforts is slashed by 50%, and will probably sustain momentum for the rest of the year, Bernstein said.

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2024-02-09 09:20:14 Apple co-founder Steve Wozniak says, "Bitcoin is safe, stable, and conservative”

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2024-02-08 21:28:59 Bitcoin hits four-year low in exchange withdrawals

Quick Take Since October 2023, there has been a persistent decline in exchange withdrawals. As per the current data from Glassnode, Bitcoin withdrawals from exchanges have reached a four-year low, numbering merely 35,000 Bitcoin. On the contrasting side, Bitcoin deposits onto exchanges maintain a higher figure, with 56,500 Bitcoins being currently accounted for.

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2024-02-08 06:59:59 Bitcoin Miner Hut 8 Shares Slide as CEO Departs Weeks After Short-Seller Report

The shares of bitcoin miner Hut 8 (HUT) fell as much as 8% on Wednesday, after CEO Jamie Leverton left the company just weeks after the firm was hit by a short-seller report. The miner said Leverton, who served as CEO for three years, will be succeeded by the company's president, Asher Genoot, effective immediately. Genoot co-founded U.S. Bitcoin Corp. (USBTC) and became president and director of Hut 8 in November after a merger with USBTC.

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