The US spot Bitcoin exchange-traded fund market is about to see net outflows for the year after six days of withdrawals that began on Friday. After Friday’s market loss of $105.2 million—$68.9 million for BlackRock’s iShares Bitcoin Trust (IBIT) and $36.3 million for Fidelity Wise Origin Bitcoin Fund (FBTC)—net inflows
Researchers at AmericanFortress™ deliver an formally proven upgrade route for the wallet infrastructure that is now in use by hundreds of millions of users. Sheridan, WY: Today, AmericanFortress™ published a cryptographic paper outlining a patent-pending post-quantum signature strategy for hierarchical deterministic wallets, which are the foundation of almost all current cryptocurrency wallets. Without
Coins.ph announced the addition of Bitcoin (BTC) and Ethereum (ETH) to its QRPh cryptocurrency payment feature, expanding a system that currently allows customers to pay retailers throughout the country using stablecoins like USDT. By scanning the national QR code standard created by the Bangko Sentral ng Pilipinas (BSP), the integration
On Wednesday, wider risk markets saw slight reprieve as Bitcoin (BTC) regained $77,000. This came after Brent oil prices slid below $108. Big withdrawals from spot Bitcoin ETFs, nevertheless, have made investors reevaluate the likelihood of more negative risk, particularly in light of continuing concerns about a worldwide economic slump.
Blockchain analytics firm Chainalysis reports that tax evaders are increasingly using digital means such as Bitcoin Ordinals and BRC-20 tokens to conceal their income from tax authorities. In a research released on Wednesday, Chainalysis said that although tax evasion and unreported income have been around for a long time, the
Following last week’s failure to break over $83,000, the cryptocurrency market remained quiet on Wednesday as it struggled with a critical level of support. The biggest cryptocurrency has gained 0.7% since midnight UTC and is now trading around $77,400. Positive Developments After the Senate voted 50-47 to limit President Trump’s authority
On Tuesday, South Carolina’s Governor Henry McMaster signed Senate Bill 163 into law, establishing a framework that is very favorable to cryptocurrency at the state level. The bill reads: “A political subdivision shall not change the zoning of a digital asset mining business without going through the proper notice and
On Tuesday, US President Donald Trump issued an executive order directing the federal government to revise its regulatory frameworks in order to incorporate “digital assets and innovative technology into traditional financial services and payment systems.” The order said: “It is therefore the policy of the United States to streamline regulatory
The price of bitcoin has dropped significantly in recent days, from $82,000 to around $76,000 mark. A 6% drop after a robust surge from $60,000 could seem to be a typical pullback at first glance. Price action may indicate one thing, but underlying market data says something else entirely. There
In the last three days, the price of bitcoin (BTC) has fallen to a three-week low of $76,500, according to data from CMC. This wipes out all advances that bitcoin has achieved since May 1. Losses follow days of gains for the Bitcoin/USD pair, which surged to 13-week highs above
