Tue, November 26

Global Crypto Funds Hit Record $33.5B in 2024 Amid Recent Bitcoin Surge

A new record of $33.5 billion has been reached so far this year by global crypto funds managed by global asset managers. According to CoinShares, these funds have now had net inflows for six weeks running, with an additional $2.19 billion. The funds’ assets under management have reached a new

November 18, 2024 1 min read

MicroStrategy Adds 51,780 Bitcoin for Whopping $4.6 Billion

An 8-K filing with the Securities and Exchange Commission (SEC) on Monday revealed that business intelligence company MicroStrategy, a corporate bitcoin holder, purchased an extra 51,780 bitcoins for almost $4.6 billion, with an average price of $88,627 per bitcoin, between November 11 and November 17. It follows the selling of

November 18, 2024 1 min read

Bitcoin Miner MARA Unveils $700M Convertible Notes Offering

Bitcoin Miner MARA Holdings has announced a private offering of convertible senior notes with a maturation date of 2030, with a plan to raise $700 million. The notes, which come with an option to buy an extra $105 million, are available to eligible institutional purchasers. The funds will go toward

November 18, 2024 2 mins read

South Korea’s Paju City Authorities to Seize Crypto Assets Over Unpaid Taxes

South Korean authorities in the city of Paju, in the province of Gyeonggi, have stated their intention to liquidate cryptocurrency assets owned by residents who have failed to pay their taxes. Officials in Paju reportedly notified 17 individuals on November 18. That they owed 124 million Korean won (about $88,600)

November 18, 2024 1 min read

Spot Bitcoin ETFs See $1.67B Weekly Inflows Amid Bitcoin’s Record Rally

With the cryptocurrency markets surging once again, spot Bitcoin exchange-traded funds (ETFs) resumed their upward pace and had another good week. Data from the crypto monitoring platform SoSoValue shows that spot Bitcoin ETFs saw six weeks of positive flows, with net inflows of $1.67 billion during the trading week of

November 18, 2024 1 min read

Nepal FIU Urges Stricter Oversight Amid Rising Crypto Scams and AML Violations

The Financial Intelligence Unit (FIU) of Nepal has discovered that, despite a government prohibition on trading digital assets, cryptocurrencies are extensively used to plan cyber-related scams. Money laundering, terrorism funding, and other forms of financial crime are closely monitored and combated by the Financial Intelligence Unit (FIU). The FIU is

November 18, 2024 2 mins read

Binance Pool Unveils Merged Mining for Fractal Bitcoin

Binance has initiated a new function on its Binance Pool, which allows users to mine Fractal Bitcoin (FB) alongside Bitcoin (BTC) through merged mining. This feature came into effect on November 18, offering additional revenue for users mining BTC on the platform. However, Binance has clarified that the FB token

November 18, 2024 2 mins read

Bitcoin Price Prediction to $125,000 is Evident Before Trump Enters White House

Bitcoin’s price surge has gained momentum following the election of Donald Trump as the next U.S. president. With the cryptocurrency currently trading just below $90,000, analysts are predicting that Bitcoin could reach $125,000 before Trump’s inauguration in January 2025. This increase in value is due to the rising demand for

November 18, 2024 4 mins read

BlackRock Secures Commercial License in Abu Dhabi, Eyes AI Expansion

A business license to do business in Abu Dhabi, the capital of the UAE, has been granted to BlackRock, a global financial corporation that also issues spot Bitcoin exchange-traded funds (ETFs). The clearance, which was issued on November 18th, demonstrates BlackRock’s desire in expanding into the crypto-friendly region, according to

November 18, 2024 2 mins read

Polish Presidential Candidate Vows to Create Strategic Bitcoin Reserve

Similar to a pledge made by US President-elect Donald Trump throughout his campaign, Polish presidential candidate Sławomir Mentzen has pledged to establish a Bitcoin reserve upon his victory in the next election. When asked on November 17 if he would think about creating a Bitcoin reserve, Mentzen said in a

November 18, 2024 2 mins read