Crypto News

26.04.2024 - Bitcoin {{BTC}} is trading above $64K in the early afternoon of East Asia’s trading day, even as outflows from bitcoin exchange-traded funds (ETFs) pick up significantly. Market data shows that the U.S.-listed ETFs had a daily total net outflow of $217 million. This brings the total outflow so far this week to $244.49 million. (SoSo Value) In comparison, bitcoin is up around 3.7% in the last week. According to JPMorgan, the correlation between bitcoin ETF prices and inflows has weakened, dropping from a high of 0.84 in January to 0.60 in recent assessments. This indicates a decrease in the alignment between BTC prices and spot ETF flows, CoinDesk reported in February. Given its size, the outflow from Grayscale’s...

26.04.2024 - Ethereum topped Thursday’s non-fungible token (NFT) market with over US$23 million in sales, CryptoSlam data shows. Over half of those sales came from CryptoPunks 635, which was sold for US$12.4 million at Larva Labs marketplace. Ethereum saw a total of 16,363 transactions conducted by 1,770 unique buyers and 1,354 unique sellers. Ethereum ended a 20-day streak of daily sales below US$10 million. This daily performance contributes to Ethereum’s all-time sales volume, which now stands at approximately US$43.64 billion from nearly 47.56 million transactions. Bitcoin and Solana followed, with daily sales reaching US$6.67 million and US$3.72 million, respectively. This marks the fourth consecutive day Bitcoin collections...

26.04.2024 - New powers that will help law enforcement agencies seize crypto used for crime came into effect on Friday, the U.K Home Office said in a press release. As a result of these new rules, police in the country will no longer be required to make an arrest before seizing crypto holdings, the Home Office announced. The new rules came after the U.K. Parliament passed a crime bill last year, which laid the foundations for crypto to be seized more quickly. "This will make it easier to take assets which are known to have been criminally obtained, even if sophisticated criminals are able to protect their anonymity or are based overseas," Friday's press release said. The police has stationed crypto tactical advisors across the country...

26.04.2024 - Firma perisian Crypto Consensys menyaman Suruhanjaya Sekuriti dan Bursa AS dalam usaha untuk menangkis peraturan blockchain Ethereum dan menolak terhadap apa yang disebutnya sebagai "kempen untuk merebut kawalan ke atas masa depan mata wang kripto." Consensys berkata dalam tuntutan mahkamah di mahkamah persekutuan di Texas pada Khamis bahawa jika SEC dibenarkan untuk menggunakan kuasa ke atas Ethereum dan token digitalnya Ether, ia akan membawa blockchain berhenti, "melumpuhkan salah satu inovasi terbesar internet." Tindakan undang-undang itu datang di tengah-tengah pengawasan Ethereum yang semakin meningkat oleh SEC. Pada bulan Mac, agensi itu menuntut maklumat daripada pelbagai syarikat sebagai sebahagian daripada kajian...

26.04.2024 - Ethereum mendahului pasaran token tidak boleh digunakan (NFT) pada Khamis dengan jualan lebih AS$23 juta, data CryptoSlam menunjukkan. Lebih separuh daripada jualan tersebut datang daripada CryptoPunks 635, yang dijual pada harga AS$12.4 juta di pasaran Larva Labs. Ethereum menyaksikan sejumlah 16,363 transaksi dijalankan oleh 1,770 pembeli unik dan 1,354 penjual unik. Ethereum menamatkan jualan harian berturut-turut selama 20 hari di bawah AS$10 juta. Prestasi harian ini menyumbang kepada volum jualan Ethereum sepanjang masa, yang kini berjumlah kira-kira AS$43.64 bilion daripada hampir 47.56 juta transaksi. Bitcoin dan Solana diikuti, dengan jualan harian masing-masing mencecah AS$6.67 juta dan AS$3.72 juta. Ini...

03.04.2024 - Bitcoin’s steep rally has recently lost impetus. Still, the supply of stablecoins or dollar-pegged cryptocurrencies, often considered a powder keg that could be used to fund token purchases, continues to rise, reassuring stability to bitcoin bulls. Bitcoin hit record highs above $73,500 on March 14 and has since struggled to keep gains above $70,000, mainly due to the dwindling probability of Fed rate cuts in June. At press time, the leading cryptocurrency by market value was changing hands at $66,300, down 10% from its all-time high. However, during the same time, the cumulative supply of the top three stablecoins, tether (USDT), USD Coin (USDC), and DAI (DAI), which dominate the stablecoin market with over 90% share...

03.04.2024 - Bitcoin and other cryptocurrencies steadied Wednesday after days of declines for digital assets, which have fallen alongside stocks. While crypto has calmed for now, tokens could still risk a bigger correction from recent highs. The price of Bitcoin was hovering around flat over the past 24 hours at above $66,400, having traded as low as around $64,500 in its recent trough. The largest crypto hit a record high near $74,000 in mid-March but has since struggled to consolidate around those levels, enduring one volatile correction and recovery and risking another after Bitcoin plunged from above $70,000 over the weekend. While prices have recovered from their recent lows, cryptos still risk more declines. “Technically, this...

03.04.2024 - Bitcoin investors facing pronounced swings in Asia may be grappling with the fallout of automated trading protocols reacting to flows data for US exchange-traded funds holding the cryptocurrency. Daily figures on the level of demand for these spot-Bitcoin ETFs propagate across the crypto market in Asian hours following the close of US share trading. On Tuesday, the digital asset embarked on its worst drop in a month in the Asian morning as the flows numbers pointed to investors pulling money out. Bitcoin was little changed at around $66,000 on Wednesday. “From an algorithmic trading perspective, bots can basically auto-scrape this data and buy and sell based on this,” said Shiliang Tang, president of principal trading firm...

03.04.2024 - Cryptocurrency exchange Bitfinex announced the launch of perpetual futures tied to bitcoin {{BTC}} and ether {{ETH}} volatility indices, allowing traders to place bets on expected price turbulence in the leading cryptocurrencies. The new futures are based on the decentralized derivatives platform Volmex’s bitcoin implied volatility index (BVIV) and ether implied volatility index (EVIV). Both indices are derived from real-time bitcoin and ether call and put options and indicate the expected price turbulence over 30 days. Per Volmex, the two indices are analogous to Wall Street’s fear gauge, the VIX index, which is derived from the options market tied to the S&P 500 index. Starting April 3, Bitfinex users can trade bitcoin...

Bitcoin’s {{BTC}} all-time high of $69,325 has not been hedged for inflation — a dint in the idea that this “digital gold” is a successful store-of-value. When measuring inflation, bitcoin, despite its notable rally in recent months, is still technically worth less than it was at its previous high in November 2021. According to the U.S. inflation calculator, the cost of a single BTC today — at around $67,000 at time of writing, would need to hit $78,905.45 to claim the same value as bitcoin in 2021, the year it last saw a record high. Of course, this could be more of an indictment of the U.S. dollar than bitcoin, which has rallied over 230% year-over-year. Put differently, bitcoin’s market peak set this week would have the same...

07.03.2024 - Nigeria's securities watchdog is updating its guidelines for crypto service providers to block "criminals" from engaging with capital markets, Nigerian daily newspaper The Punch reported Thursday. The report, which cites documents from the Securities and Exchange Commission (SEC) of Nigeria, follows headlines from February that Nigeria's government had blocked local access to several crypto platforms, including Binance, Kraken and Coinbase. Coinbase said at the time that it remained accessible and did not immediately respond to a CoinDesk request for comment on the current status. In the past two weeks, reports emerged that Nigeria's government has demanded $10 billion from Binance in penalties for enabling some $26 billion...

Crypto stocks rally as Bitcoin price continues to climb Saham mata wang kripto meningkat pada hari Rabu berikutan kenaikan berterusan harga Bitcoin, yang telah meningkat lagi 4%. Bitcoin kini didagangkan sekitar $51,770, paras tertinggi sejak Disember 2021. Kenaikan itu telah membawa paras pasarannya kepada $1 trilion. Ethereum, mata wang kripto kedua terbesar, meningkat hampir 4% pada masa penulisan, berdagang pada sekitar $2,746. Peningkatan dalam mata wang kripto telah menyaksikan saham pertukaran Coinbase (NASDAQ:COIN) meningkat lebih daripada 10% pada hari Rabu, didagangkan pada $155.61. Saham pada mulanya mencecah paras tertinggi melebihi $160 sesaham. Sementara itu, syarikat perlombongan Bitcoin Riot Platforms (NASDAQ:RIOT)...

GRIID Infrastructure Inc. (Nasdaq: GRDI) (“GRIID” atau “syarikat”), pengendali perlombongan bitcoin bersepadu secara menegak, mengumumkan rancangan untuk menggandakan kapasiti operasi perlombongan bitcoinnya di Lenoir City, Tenn. daripada 20 MW kepada 40 MW pada pertengahan 2024 dengan menambah tapak baharu yang dijangka menjana kuasa kepada kira-kira 6,500 mesin. "Kami menumpukan pada membina pertumbuhan kami dan mengembangkan kapasiti kami dengan memindahkan tapak seperti ini daripada saluran paip kuasa kami kepada pengeluaran," kata Trey Kelly, Ketua Pegawai Eksekutif GRIID. "Kami amat berbesar hati untuk mengembangkan jejak kami di Lembah Tennessee, di mana gabungan Tennessee Valley Authority (TVA) bagi tenaga elektrik mampu milik...

14.02.2024 - Spot bitcoin ETFs own a combined 692,939 bitcoins, representing 3.5% of all bitcoin currently in existence. The launch of spot bitcoin ETFs last month opened the floodgates for Main Street investors to conveniently purchase bitcoin through their existing brokerage accounts. The iShares Bitcoin Trust has seen the highest inflows, hitting $4.39 billion in assets as of Monday, while the Fidelity Wise Origin Bitcoin ETF is in second place, attracting $3.67 billion in assets. "I think a lot of this is just indicative of the popularity of bitcoin as an asset class," MicroStrategy Executive Chairman Michael Saylor told CNBC on Monday. "There's 10-years of pent-up demand. People have been waiting for these ETFs, and finally...

14.02.2024 - Bitcoin rode out a surprisingly strong US inflation print that roiled global markets by dimming hopes for rapid interest-rate reductions. The digital asset traded at $49,500 as of 10:21 a.m. Wednesday in Singapore, near the highest level in over two years and little changed since Tuesday’s publication of above-forecast figures on US consumer prices in January. In contrast, the S&P 500 Index slid 1.4% — its worst CPI—day performance since September 2022 — while gold slumped and bond yields soared as traders dialed back expectations for a Federal Reserve rate cut before July. Bitcoin showed “impressive resilience despite the overnight deterioration in risk sentiment,” Tony Sycamore, a market analyst at IG Australia Pty, wrote...

14.02.2024 - (Bloomberg) -- FOMO - fear of missing out - on Bitcoin’s recent rally appears to be helping to drive demand for the batch of exchange-traded funds approved last month to directly hold the cryptocurrency. The nine new funds that were authorized have seen some of the highest daily investor inflows over the past three days since they were launched. Demand rose as Bitcoin was in the midst of a seven-day rally that pushed the price to $50,000 on Monday for the first time since December 2021. After a rocky start to the month, flows across the group of Bitcoin funds have remained highly correlated to the price of Bitcoin, data compiled by Bloomberg show. The five-day correlation coefficient for Bitcoin and the funds hovered around...

Cryptocurrencies rebounded sharply in 2023, leaving some traders with solid gains. Though prices are still down from all-time highs reached in late 2021, crypto holders may be looking for ways to cash in on current market enthusiasm and there are plenty of ways to convert your crypto into cash. If you’re selling any asset, then you’ll want to understand the tax implications. You may owe a bundle if you’re booking a capital gain, and the tax rate will depend on the holding period, among other things. Of course, you may be able to claim a write-off, if you’re selling at a loss. But if you think crypto may continue its recovery, it might be better to stick around and wait. Here are five ways you can cash out your crypto or Bitcoin; 1. Use...

10.02.2024 - Net inflows to spot bitcoin ETFs headed toward $9 billion on Thursday amid a price surge in the cryptocurrency. Inflows hit $405 million for the day, the third largest total since the SEC approved the new products in early January, according to Bloomberg data. Grayscale’s Bitcoin Trust GBTC was the outlier, suffering more than $101 million in outflows to continue its losing streak. Not counting GBTC, flows are at $8.56 billion, the data show. “Cointucky Derby Update. BIG net inflow day of over $400 mln.,” wrote Bloomberg analyst James Seyffart in a Friday morning post on the social media platform X/Twitter. Seyffart noted that eight of the 10 ETFs that began trading Jan. 11 “took in money” Thursday and that the Fidelity...

05.02,2024 - Hashnote, a decentralized finance (DeFi) startup catering to compliance-conscious institutions, is offering its yield-bearing USYC token through Copper, the cryptocurrency custody firm chaired by former U.K. Chancellor Philip Hammond. Hashnote was the first crypto startup to emerge from Web3 incubator Cumberland Labs and counts Chicago-based trading giant Cumberland as a market maker. An integration with Copper brings Hashnote’s USYC to the custody firm’s clientele of around 300 large institutions and crypto trading platforms. Blockchain-based versions of U.S. Treasury bonds and things like yield-bearing tokens and stablecoins have become popular as the trend for institution-friendly tokenization gathers pace within...

05.02,2024 - Mobile payments app Oobit raised $25 million in a Series A funding round, the company said Monday. The round was led by the investment arm of Tether, CMCC Global’s Titan Fund, 468 Capital and Solana co-founder Anatoly Yakovenko. A spokeswoman for the Singapore-based company declined to say how much the investment valued the company. Consumers can use the Oobit app to pay for purchases using crypto, while merchants receive fiat currency. The tap-and-pay feature helps make crypto payments more accessible, as users can pay at any point of sale that accepts Visa (V) or MasterCard (MA) using funds from their Oobit wallet. The firm is planning to open up the capability to third-party wallets, which will transition Oobit into a...