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2024-05-05 20:01:39 European Banking Giant Embraces BlackRock’s Bitcoin ETF

BNP Paribas, the second largest bank in Europe, took a major step in the digital asset market by buying BlackRock’s Spot Bitcoin ETF shares. According to a recent 13F filing with the U.S. Securities and Exchange Commission (SEC), BNP Paribas bought 1,030 IBIT shares of BlackRock during the first quarter of 2024. Furthermore, the multinational bank spent over $40.47 per share, totaling $41,684 for the acquisition. This amount is lower than the price of a single bitcoin, which is currently trading at over $58,000.

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2024-05-05 08:01:54 Cryptocurrency investor loses $70 million in six hours: Address poisoning attack

A cryptocurrency investor has fallen victim to an address poisoning attack, resulting in a staggering loss of $70 million worth of Wrapped Bitcoin (WBTC). The incident, which unfolded over the course of around six hours, has sent shockwaves through the cryptocurrency community. According to a post by Lookonchain on the X, the unfortunate investor created a new address, “0xd9..,” and transferred a small amount of Ethereum (ETH), approximately 0.05 ETH, to this newly generated destination.

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2024-05-04 18:31:09 Bitcoin's Rally to $64,000 Triggers $26.65 Million Short Squeeze in 4 Hours

The price of bitcoin (BTC) increased by 4.5% against the U.S. dollar on Friday, rebounding from last week’s decline when it fell beneath the psychological $60,000 mark. Despite this 4.5% rise over 24 hours, BTC prices remain 4.3% below their level from seven days prior. After stabilizing for nearly two days, the upward movement of BTC began at 8 a.m. Eastern Time (ET) on Friday.

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2024-05-03 18:40:28 BitMEX co-founder Arthur Hayes believes Bitcoin may rally back toward $70,000 amid 'stealth money printing'

Arthur Hayes, the co-founder and former CEO of BitMEX who now manages a family office named Maelstrom, said he expects bitcoin to rally back to $60,000, then range between $60,000 and $70,000 until August. In a blog post early Friday, Hayes said the slow addition of billions of dollars of liquidity each month would dampen negative price movements going forward, reversing the common sentiment on the seasonality of markets by suggesting “buy in May, go away.”

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2024-05-03 08:50:16 Lightspark CEO Expects Bitcoin to Dominate AI-Related Monetary Transactions

During the Bitcoin for Corporations segment at the Microstrategy World 2024 event in Las Vegas, Marcus shared insights on the fusion of AI and bitcoin (BTC). He argued that BTC could eliminate the inefficiencies and “friction” inherent in fiat currencies, predicting that AI agents will adopt this “digitally native” medium for value exchange.

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2024-05-02 20:50:25 Record Withdrawal From US Bitcoin ETFs Marks Largest Single-Day Outflow

Data sourced from coinglass.com reveals that these funds saw a withdrawal of $563.7 million on Wednesday, with Fidelity’s FBTC experiencing the highest outflow, totaling over $191 million. Grayscale’s Bitcoin Trust (GBTC) followed closely with withdrawals exceeding $167 million, while Blackrock’s IBIT reported its first negative outflow, nearing close to $37 million.

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2024-05-02 08:15:12 Coinbase Adds Support for Bitcoin Lightning Network

The largest American cryptocurrency exchange, Coinbase, has added support for the Lightning Network on its platform to enable faster and cheaper payments. According to a blog post, the Lightning Network integration on Coinbase will reduce the cost of sending bitcoin (BTC) globally by 20x compared to the 2% charged on United States credit card transactions and the $30 paid for wire transfers.

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2024-05-01 22:44:58 Changpeng Zhao says crypto has entered new phase where ‘compliance is super important’

Former Binance CEO Changpeng Zhao said the crypto industry has entered the next phase where “compliance is super important.” Last year, Zhao admitted guilt to federal money laundering charges. Prosecutors spotlighted a corporate culture at Binance that neglected fraud prevention in pursuit of expansion, resulting in his departure from the company and a hefty $150 million fine. This sentencing arrives at a critical juncture for the emerging industry, which is witnessing intensified regulatory scrutiny worldwide.

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2024-05-01 07:34:58 Bitcoin reclaims key support above $60,000 after attempt to sweep March lows

Bitcoin (BTC) reclaimed the crucial $60,000 support level in a show of resilience after bears made an attempt to sweep the lows set in March at $59,000, based on CryptoSlate data. The flagship crypto was trading at $60,800 as of press time after falling more than 5% to roughly $59,100 on April 30 as New York closed out the trading day. The wider crypto market also saw significant losses for the day, with most of the major caps down between 5% to 10%.

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2024-04-30 19:59:58 Hong Kong's six spot bitcoin, ether ETFs see $11 million in volume on first trading day

Hong Kong’s six new spot bitcoin and ether exchange-traded funds recorded over HK$87.5 million ($11.2 million) in trading volume on their first trading day on Tuesday — a figure that pales in comparison to the $4.6 billion first-day volume for the 11 spot bitcoin ETFs in the United States in January. China Asset Management (ChinaAMC) told The Block that its spot bitcoin ETF secured $121.7 million in assets under management (AUM) as of the end of the first trading day, while its spot ether ETF had $20.4 million in AUM.

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