Bitcoin spot exchange-traded funds (ETFs) in the US saw a total net outflow of nearly $140 million as of June 20, according to data. News outlet Wu Blockchain initially reported that huge outflows have hit Bitcoin ETFs for the fifth consecutive day. “On June 20, Grayscale ETF GBTC had a single-day outflow of $53.1022 million,...
Traditional financial (TradFi) markets are showing increasing interest in the blockchain sector, which has become evident with the rise of tokenized real-world assets (RWAs). According to blockchain analytics and research firm Messari, the RWA market has grown to $8 billion in total value locked (TVL) this year alone. Over the past year, RWA protocols have...
Marathon Digital Holdings, the world’s largest Bitcoin mining company, has started a new project that will warm an entire town in Finland. The pilot project utilizes the recycled heat generated from Bitcoin mining to provide heating for over 11,000 residents, the company said in a recent post on X. Per the post, Marathon has launched...
Standard Chartered Bank is planning to offer a spot trading desk for Bitcoin and Ethereum to enable direct spot trading of cryptocurrencies, according to an insider. This latest development aligns with the multinational bank’s huge interest in the crypto market. Standard Chartered Spot Trading Offering Meets Institutional Demand The London-based bank is among several large...
Bitcoin price prediction is currently in focus as BTC falls to its lowest level in a month, trading at $64,295. Recent net outflows from US spot Bitcoin ETFs, amounting to $139.88 million, have pressured BTC prices. Major outflows from Grayscale’s GBTC and Fidelity’s FBTC contrast with BlackRock’s IBIT, which saw a net inflow. Additionally, economic...
The Nigeria Securities and Exchange Commission (SEC) unveiled a new crypto regulatory framework Friday focused on amending its approach to digital asset issuance, exchange and custody, and offering platforms. The news came just one day after U.S. lawmakers visited detained Binance executive Tigran Gambaryan. Nigeria SEC Updates Crypto Regulations According to an official statement from...
Bitcoin price is currently trading at $64,380, exhibiting a bearish bias below the $64,500 pivot point mark. Data from CryptoQuant indicates a significant link between individual account activity and Bitcoin price movements. A peak in individual demand was observed shortly after Bitcoin hit an all-time high of $73,738 on March 14, 2024. This increased interest...
A top South Korean economic think tank has poured cold water on the idea of Seoul approving a Bitcoin (BTC) or Ethereum (ETH) spot exchange-traded fund (ETF). The comments came in a paper by the Korea Institute of Finance researcher Lee Bo-mi, News1 reported. Lee claimed that “introducing cryptoasset-linked products” could undermine South Korea’s “financial...
Crypto-focused investment provider DeFi Technologies announced that it had bought 110 BTC for its corporate reserves on Friday – and the company’s stock price predictably pumped in the aftermath. DeFi Technologies’ Bitcoin Strategy The Canadian firm said in a press release on Monday that Bitcoin will now be its “primary treasury reserve asset” becoming the...
Bitcoin financial services company Swan Bitcoin is now the lead sponsor of Tucker Carlson’s upcoming national tour, bringing Bitcoin to the audience of one of the world’s most famous journalists. Is Tucker Carlson A Bitcoiner? Both Swan and Carlson unveiled the partnership on Monday, with the former describing it as “a massive opportunity for Bitcoin...