Ark Invest, led by Cathie Wood, has dumped Grayscale Trust (GBTC) shares again, this time for around $3.8 million, and acquired Block shares for about $5.6 million. Recent transactions reveal that ARK Innovation ETF (ARKK), ARK Next Generation Internet Fund (ARKW), and Ark Fintech Innovation ETF (ARKF) together bought 113,326
Ordinals (ORDI) token prices related to the Bitcoin Ordinals protocol have increased by 81% in the last 24 hours after being categorized as a “seed” developing project on the cryptocurrency exchange Binance. The Seed Label denotes experimental endeavors, the tokens which may be more volatile and risky than average. The
Custodia Bank stated it had been granted permission to operate a Bitcoin custody platform. Now available to the public is a Bitcoin custody service that provides individual client accounts rather than shared ones. Custodia Bank has received permission to launch a Bitcoin custody service from the Wyoming Division of Banking.
Due to increased competition for available block space, Bitcoin transaction fees are at their peak level in almost six months. BitInfoCharts reports that as of November 7th, the average BTC transaction cost was close to $6. This week, on-chain transactions have seen significantly increased costs due to the resurgence of
Bitcoin (BTC) has found itself caught in a stiff consolidation phase, with price levels swinging between $34,800 and $35,250. Despite several attempts by the bulls to break through the resistance at $35,250, the bears have proved strong around the $35,300 and $35,550 levels. This week, Bitcoin made multiple efforts to
Defunct crypto exchange FTX has submitted a petition to the Delaware bankruptcy court for the liquidation of trust assets held by Grayscale and Bitwise estimated to be worth $744 million. Statements from FTX and its debtors indicate that they expect this approach to facilitate preparation for payments to creditors in
According to crypto researcher ZachXBT, over $600,000 in Bitcoin (BTC) was stolen from consumers who downloaded a bogus Ledger Live app on Microsoft’s app store. On November 5th, an on-chain researcher discovered a hoax called “Ledger Live Web3” that pretends to be a user interface for crypto hardware wallets made
Bitcoin, the leading cryptocurrency by market capitalization, is currently experiencing a strong bull run. BTC reached an 18-month high on November 2, surging to $35,981, defying the persistent bearish trend that dominated it for nearly a year. October 2023 proved to be one of the most remarkable months for Bitcoin’s
Recent drops in interest rates have been felt across the board in the United States yield curve as investors bet the Federal Reserve has completed its policy tightening. In October, the United States created 150,000 jobs, which was lower than the 180,000 predicted by economists and the 297,000 added in
Investors are expecting an eventual rise in Bitcoin prices after the anticipated U.S SEC approval of a Bitcoin spot ETF, which is projected to drive more capital. Meanwhile, during its meeting in November, the Federal Reserve decided to leave interest rates unchanged. The next decision by the central bank might
