Fri, October 16

Bitcoin Futures Open Interest Surges Amid Price Rally to $52,300

Bitcoin futures have seen a significant increase in open interest on centralized exchanges, reaching a new high for the year and indicating a strong market activity and sentiment around the largest cryptocurrency. The aggregated open interest for Bitcoin futures on centralized exchanges reached $22.9 billion. This is the highest level

February 19, 2024 2 mins read

Grayscale’s GBTC Outflows Slow, Analysts Caution on Further Decline

Even if many think there’s space for further outflow, crypto asset manager Grayscale has seen a decrease in outflows from its spot Bitcoin ETF. Research from Bianco Research and Farside shows that as of February 16th, the total amount of money that has been pulled out of the Grayscale Bitcoin

February 19, 2024 1 min read

Can Bitcoin (BTC) Surge Past $60k This Week?

Today, Bitcoin’s (BTC) price is attempting a fresh surge above the $52,000 resistance mark, showing a 1.82% increase to trade at $52,295, with a market cap exceeding $1.02 trillion. This surge comes after Bitcoin rallied above $52,900 last week, marking its highest point in 26 months. Currently, BTC trading between

February 19, 2024 1 min read

VanEck Agrees to $1.75M Fine by SEC Over ETF Promotion Violation

In order to settle U.S SEC accusations related to the 2021 launch of an exchange-traded fund (ETF) centered on social media, VanEck agreed to pay a fine of $1.75 million. A civil penalty was levied on the investment advisor by the SEC. In a statement issued on February 16th, the

February 18, 2024 2 mins read

Coinbase Contributes $3.6M to Boost Bitcoin Developer Funding via Brink

Coinbase is contributing $3.6 million to Bitcoin supporting non-profit Brink as it closes GiveCrypto, an organization that distributed cryptocurrency to those in need. The campaign was announced to be ending in December by the exchange, who said it had failed to have a lasting effect. Coinbase did not disclose how

February 18, 2024 2 mins read

Robert Kiyosaki Backs Bitcoin, Warns of U.S Fed’s Impact on Economy

The renowned financial educator and prominent author of “Rich Dad Poor Dad” Robert Kiyosaki has spoken out against the Federal Reserve of the U.S and yet again advocated for other potential investments including Bitcoin, gold, and silver. Because of his belief that the practices of the United States central bank

February 18, 2024 1 min read

Blackrock’s Bitcoin ETF Dominates Market with Record Inflows

The approval of Bitcoin ETFs has caused them to gain a great deal of interest. When compared to other recently introduced ETFs, Blackrock’s performance stands head and shoulders above the competition, with the most assets under management and net inflows. Market players are now expecting bigger inflows this year due

February 17, 2024 2 mins read

Honduras Prohibits Banks from Crypto Dealings Citing Lack of Regulation

A resolution prohibiting financial institutions in Honduras from dealing with cryptocurrency was issued by the National Banking and Securities Commission of Honduras (CNBS). Due to the lack of regulation, the Honduran central bank said that it is unable to guarantee cryptocurrency transactions. Users of blockchain-based financial services and cryptocurrencies may

February 17, 2024 2 mins read

Bitcoin Whales Bullish Amid Mining Difficulty Surpasses ATH

Bitcoin whales have been increasing their holdings in recent weeks, as evidenced by data from Santiment showing a notable accumulation trend among wallets holding 1,000 to 10,000 BTC. These wallets have seen a rise in holdings from 24% to over 25%, with an upward trend beginning around January 22 and

February 17, 2024 2 mins read

Bitcoin (BTC) Mining Difficulty Hits 80 Trillion Ahead of Halving

The complexity of solving the mathematical equation connected with a block, which is a measure of Bitcoin’s mining difficulty, surpassed 80 trillion on Friday. With the mining difficulty hitting 81.73 trillion, the network hash rate—which measures the total processing power allocated by miners—rose to 562.81 EH/s, a new all-time high,

February 17, 2024 1 min read