Robert Kiyosaki, known for his pro-crypto stance, believes Bitcoin is about to take off and enter what some call the “Banana Zone.” The “Rich Dad Poor Dad” author explained his optimism about the asset’s future in an X post on Wednesday. His enthusiasm stems from former Goldman Sachs hedge fund manager Raoul Pal’s forecast, pointing...
Ripple CEO Brad Garlinghouse criticized US Securities and Exchange Commission (SEC) Chair Gary Gensler’s views and actions regarding the crypto industry on June 25, suggesting they could adversely affect President Biden’s re-election bid in November. Ripple CEO Calls for Removal of US SEC Chair Over Crypto Policies Garlinghouse reacted to the US SEC’s Chair’s viral...
Trading firm and liquidity provider GSR’s Rich Rosenblum and Xin Song are slated to become the company’s co-CEOs as current CEO Jakob Palmstierna transitions to the role of president, the crypto market maker announced in a Wednesday press release. GSR’s Rich Rosenblum, Xin Song Transition Roles With Jakob Palmstierna According to the June 26 announcement,...
Crypto asset management firm Coinshares has rebranded its Nordic ETP brand XBT Provider to “CoinShares XBT Provider” and is preparing to expand in the second half of 2024. Back in May 2015, Sweden’s XBT Provider AB announced the authorization of Bitcoin Tracker One, the first Bitcoin-based security available on a regulated exchange. In October of...
Bitcoin miners have entered an extended sell-off period that hasn’t been witnessed since 2017, on-chain data suggests. According to CryptoSlate lead analyst James Van Stratten’s June 17 analysis, the Bitcoin market is now 33 days into a miner capitulation, the sort that historically lasts for 41 days on average. Bitcoin Miner Sell-Off In Effect Miner...
A handful of Bitcoin miners are diversifying operations to support artificial intelligence (AI) data centers amid struggles to stay profitable. Data from Bitinfocharts show that the average BTC transaction fee on April 19, the day of the Bitcoin halving, surged to $127. Yet this has since plummeted to around $4 at the time of writing....
The leading cryptocurrency Bitcoin dipped as low as $64,600 during early Asian hours on Tuesday, which saw the liquidation of leveraged positions at $480 million. As per the Coinglass data, in the past 24 hours, 190,144 traders were liquidated with the total liquidations coming in at $480.93 million, out of which $420 million were long...
U.S. listed spot Bitcoin exchange-traded funds (ETFs) have experienced significant outflows, with a total net outflow of $726 million since the Federal Open Market Committee (FOMC) meeting. Spot Bitcoin ETFs have seen $146 million on June 17 alone, according to Sosovalue data. On June 17, the total net outflow of Bitcoin spot ETFs was $146...
BTC has dipped by 0.5% in the past 24 hours, with the Bitcoin price touching $65,617 on a day when the crypto market as a whole has fallen by 2%. The original cryptocurrency has now lost 2.5% in the last seven days, as well as 5% in the past fortnight, following a recent loss of...
Brazilian asset management firm Hashedex has submitted a Securities and Exchange Commission (SEC) filing for a dual Ethereum and Bitcoin exchange-traded fund (ETF). The ETF, if approved, would be listed on the Nasdaq making it accessible to a broad range of investors, from institutional players to retail participants. According to the filing, the product would...