Freshly published SEC filings have uncovered a massive Bitcoin whale holding nine-figure funds spread across multiple U.S. Bitcoin ETF products. According to a May 7 13F-HR filing submitted to the Securities and Exchange Commission (SEC), Susquehanna International Group, LLP (SIG) holds $1.8 billion worth of shares in such products. Massive Asset Manager Buys Bitcoin ETFs...
The Hacker who exploited Kronos Research for $25 million in November 2023 has moved $4 Million of Ethereum through Tornado Cash, attempting to launder the funds. The quantitative trading firm Kronos Research was exploited In November 2023 after hackers accessed its compromised API keys. The firm first denied any loss of funds during its early...
Hong Kong’s spot Bitcoin exchange-traded funds (ETFs) have secured $230 million in assets under management (AUM) in their inaugural week. According to data released by the Hong Kong Stock Exchange, the $273 million AUM of virtual asset spot ETFs, including both Bitcoin and Ethereum, exceeded the $152 million AUM of virtual asset futures ETFs by...
Now detained Binance executive Tigran Gambaryan and representatives of the crypto exchange were allegedly pressured by a government official to accept a secret agreement to settle Nigeria’s claims against the exchange, Binance CEO Richard Teng revealed in a blog post on Tuesday. According to Teng, Gambaryan and several Binance employees attended a meeting with members...
The largest Bitcoin miners have published their monthly performance figures for the first time since the Bitcoin network’s fourth halving event last month. The TLDR is that the impact of the halving on the mining industry has been small thus far but still noticeable. Here’s everything you need to know. Bitcoin Miners Still Performing Post-Halving...
Bancolombia Group, Colombia’s largest bank, launched the cryptocurrency exchange Wenia on May 3, marking a major step in the country’s crypto evolution. According to the announcement, the development follows nearly a decade of research and signifies the bank’s dedication to Colombia’s crypto market. Colombia’s Wenia and COPW Wenia, alongside the newly introduced Colombian peso stablecoin...
US spot Bitcoin ETFs saw a net inflow of $217 million on May 6th, according to data from SoSoValue. This surge comes after a period of massive outflows, with Grayscale’s GBTC trust still experiencing a historical net outflow of $17.4 billion since its inception. GBTC Sees Inflows on Second Consecutive Day Grayscale’s GBTC did manage...
One in five voters in key states believe that cryptocurrencies are a critical issue in the 2024 US elections amidst Donald Trump and Joe Biden’s race for the presidency, according to Digital Currency Group (DCG) Tuesday report. “Crypto Attitudes in Swing States” report, released in collaboration with global consulting firm The Harris Poll, revealed that...
Bitcoin failed to continue its upward trend despite multiple supporting factors, such as a bearish US dollar and a dovish stance from the Federal Reserve. BTC lost some of its gains, dropping to around $63,400 and hitting an intraday low of $62,961. Although Bitcoin began the week on a bullish note after dipping to a...
The German state-owned bank Kreditanstalt für Wiederaufbau (KfW) announced on May 6 that it will launch its first blockchain-based digital bonds. The move signifies a major step towards adopting blockchain technology within traditional financial institutions in Germany. The KfW bank official press release stated that the forthcoming blockchain-based digital bond would be issued as crypto...