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...
The notorious Poloniex hacker responsible for last year’s security breach on the cryptocurrency exchange is on the move again. The thief transferred 1,100 Ethereum (ETH), valued at $3.4 million, to the sanctioned crypto mixer Tornado Cash on May 7 in an effort to launder the stolen funds. Poloniex Hacker Transfers 11 Batches of 100 Ether...
In today’s crypto market update, Bitcoin (BTC/USD) demonstrates resilience with its current trading price of $64,265. Over the past 24 hours, Bitcoin has seen an increase of 1.20%, accompanied by a trading volume of $18.59 billion. Maintaining its position as the dominant cryptocurrency, Bitcoin’s market capitalization now stands at approximately $1.27 trillion. Several key technical...
A whale’s Bitcoin wallet has become active again after 10 years of dormancy. On May 6, it transferred 687.33 BTC to undisclosed wallet addresses, leading to selloff speculation within the cryptocurrency community. According to the blockchain tracker and analytics platform Whale Alert, the Bitcoin whale moved $43.893 million worth of BTC to two wallet addresses....
Bitcoin has officially processed over one billion transactions since its inception. According to data published on Clark Moody Bitcoin, this landmark was reached on May 5, when transaction number 1,000,000,000 was recorded. The transaction was included in block 842,241. #Bitcoin has officially processed over 1 billion transactions. pic.twitter.com/kS704YYoW5 — Wicked (@w_s_bitcoin) May 5, 2024 This...
The United States Securities and Exchange Commission (SEC) received a report from the Office of Inspector General (OIG) alleging that its cybersecurity program was lacking just two weeks before the commission’s X account was hacked on January 9, according to Fox Business reporter Eleanor Terrett. SEC Received OIG Report Two Weeks Before X Hack Eleanor...
Bitcoin (BTC) kicked off the week with robust momentum, maintaining a position well above the $64,000 mark and reaching a high of $64,496. The total market capitalization for cryptocurrencies has surged to $2.36 trillion, reflecting a 1.19% increase within 24 hours. This rise is partly due to investor responses to softer US NFP data, which has...