Grayscale, the company behind the world’s largest Bitcoin (BTC) ETF, saw flat revenues in Q1 despite non-stop outflows from its world-famous fund throughout the quarter. Per a shareholder letter from Grayscale’s parent company, Digital Currency Group (DCG), the Grayscale Bitcoin Trust (GBTC) netted $156 million between January and March – nearly identical to its Q4...
German stocks saw modest gains in cautious trade on Thursday ahead of the monetary policy announcement from the Bank of England (BoE) later in the day. The BoE\'s nine-member monetary policy committee is widely expected to keep the benchmark rate unchanged at 5.25 percent for the sixth consecutive meeting, with investors looking for clues on...
Bitcoin’s subtle rally to $61,425 signals a potentially stabilizing market. As Bitcoin ETFs like Grayscale and Bitwise see renewed inflows, totaling $11.54 million recently, optimism grows. Recent developments, such as the influx of institutional funds and economic cues affecting digital assets, are what fuel Bitcoin price predictions. Bitcoin ETFs See $11.54 Million Inflows: Grayscale and...
French stocks declined on Thursday as uncertainty over Fed rate cuts deepened and Israel forces pushed ahead with attacks on Rafah. Traders also awaited the outcome of a Bank of England policy meeting later in the day for further direction. The benchmark CAC 40 was down 12 points, or 0.2 percent, at 8,119 after climbing...
Bitcoin mining firm Marathon Digital reportedly battled against “operational challenges” to produce record financial results in the first quarter of 2024. In its first-quarter earnings report, the firm reported producing 2,811 Bitcoins during the first quarter of 2024, compared to 4,242 in the last quarter of 2023, a decline of 33.73%. Marathon Digital reported revenues...
Tether Operations Limited, the USDT stablecoin issuer, disclosed today its plans to expand its presence in Eastern Europe through further investment in CityPay.io. Tether Expands to Eastern Europe Through CityPay.io Tether Boosts Payment Solutions in Eastern Europe with Additional Investment in https://t.co/14g9wt7PCC ( @citypayio )https://t.co/WSL1GVRhzz — Tether (@Tether_to) May 8, 2024 On May 8, Tether...
U.K. stocks held steady on Thursday ahead of a policy meeting of the Bank of England (BoE) later in the day. The central bank is set to hold its policy rate flat for a sixth meeting in a row, with focus likely to be on the MPC vote split, inflation outlook and Governor Andrew Bailey\'s...
Tech leader Jack Dorsey is betting big on Bitcoin, forecasting a price explosion to over $1 million by 2030. As Pirates Wires’ Mike Solana asked for his take on Bitcoin’s future value, Dorsey said: “I don’t know. Over… at least a million. I do think it hits that number and goes beyond.” Still, the crypto...
Nigeria has fired back at Binance Holdings’ bribe accusation, claiming it’s a distraction to shift focus away from the exchange’s actions. The statement on Wednesday followed Binance CEO Richard Teng’s blog post, where he accused a Nigerian government official of pressuring crypto representatives to accept a secret agreement. This agreement would supposedly settle claims the...
European stocks traded mixed on Thursday as uncertainty over Fed rate cuts deepened, and Israel forces pushed ahead with attacks on Rafah. Traders also awaited the outcome of a Bank of England (BoE) policy meeting later in the day for further direction. The central bank is set to hold its policy rate flat for a...