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Bitcoin ETFs See Record $2.4B Weekly Inflows; BlackRock's IBIT Leads: CoinShares
19.2.2024
Inflows significantly accelerated last week, indicating increasing demand for new spot-based ETFs, CoinShares' head of research James Butterfill said
Bitwise Chief Investment Officer Foresees Bitcoin Price Surpassing $80,000 Amid ETF Boom
18.2.2024
The price of Bitcoin (BTC) is expected to soar beyond $80,000 this year thanks to the recent success of exchange-traded funds (ETFs), according to Bitwise Chief Investment Officer Matt Hougan. The approval of Bitcoin ETFs has shattered records and triggered an influx of funds into...
Citi Completes Private Market Tokenization Test Using Avalanche
17.2.2024
Citi, in alliance with Wellington Management, Wisdomtree, and ABN AMRO, completed a proof of concept for the tokenization of a private fund on top of the Avalanche blockchain. The test used Spruce, an Avalanche subnet, to tokenize the fund and transact the tokenized assets, which were programmed...
YoMix Replaces Sanctioned Sinbad Mixer for Lazarus Hacker Group: Chainalysis
16.2.2024
After sanctions were imposed on Tornado Cash and Sinbad was shut down following similar actions against the platform, Chainalysis revealed that YoMix, a Bitcoin mixer, has stepped in as an alternative for the North Korean Lazarus Group Recent discoveries by the blockchain analysis firm show that...
Coinbase’s Philanthropic Arm Donates $3.6 Million to Brink for Bitcoin Development
16.2.2024
Coinbase’s philanthropic arm GiveCrypto is donating $3.6 million to Bitcoin-supporting nonprofit Brink, according to a February 16 announcement. In an X post, Brink announced that all GiveCrypto funds would be directed exclusively to support Brink engineers and their open-source development efforts...
U.S. Banks Push SEC For Key Changes In Crypto Regulation Following Spot-Bitcoin ETF Exclusion
16.2.2024
U.S. Banks are pushing for the United States Securities and Exchange Commission (SEC) to change its controversial Staff Accounting Bulletin 121 (SAB 121) after they were excluded from serving as asset custodians for spot-Bitcoin exchange-traded funds (ETFs), according to a February 14th letter from...
Coinbase Transaction Revenue Hits New High, Surpassing Q4 Expectation – Crypto Adoption Rising?
16.2.2024
In its quarterly report to shareholders, Coinbase posted a 64% jump in transaction revenue to take in $529.3 million in Q4, 2023. The increase in transactions was due to anticipation for the launch of spot Bitcoin exchange-traded funds (ETFs). Widely considered an important step in Bitcoin’s...
Cathie Wood’s ARK Sells More Coinbase Stock Amid Bitcoin Surge
16.2.2024
ARK Invest, the asset management firm led by prominent Bitcoin (BTC) advocate Cathie Wood, has sold a significant amount of Coinbase stock ahead of the crypto exchange’s impressive earnings report. According to a filing on Thursday, ARK Invest sold $34.3 million worth of Coinbase shares from...
Jupiter’s Compliance Team Blocks Crypto ETP Investment: Report
16.2.2024
Jupiter Asset Management’s compliance team blocked its team from having any exposure to a cryptocurrency exchange-traded product (ETP) in one of its Irish UCITs funds, according to a Financial Times report. The reason for blocking investment was due to, “divergent regulatory approaches in the EU.”...
Gold Funds See Big Outflows Alongside Rush of Money Into Bitcoin ETFs
15.2.2024
While the new spot bitcoin ETFs have received billions in net inflows since opening for business on Jan. 11, a sizable amount of money has been exiting gold ETFs
Crypto Money Laundering Dropped Almost 30% in 2023: Chainalysis
15.2.2024
Illicit cryptocurrency transactions fell roughly 30% in 2023, according to Chainalysis’ newly released 2024 Crypto Crime Report. This decrease signals a major shift in crypto money laundering trends. The report also stated that total funds sent between illicit addresses dropped by 14.9%...
Citi Innovates with Avalanche Blockchain to Tokenize Private Equity Funds
15.2.2024
Big four American banking giant Citi has just completed a proof-of-concept (PoC) to tokenize traditional finance (TradFi) assets and distribute them on blockchain. The multinational investment bank and financial services corporation used Avalanche’s Evergreen subnet Spruce “for...
Gensler Hesitates on Ethereum ETFs, Cites Court Loss as Reason for Bitcoin ETF Approval
15.2.2024
Securities and Exchange Commission (SEC) Chair Gary Gensler has remained tight-lipped regarding spot Ethereum (ETH) exchange-traded funds (ETFs). When questioned about the possibility of a decision and the timeline for approval, Gensler said that the process would follow the same approach...
Gold ETFs See $2.4 Billion in Outflows While Bitcoin ETFs Thrive
15.2.2024
Gold exchange-traded funds (ETFs) have faced significant outflows this year, while ETFs tracking the spot price of Bitcoin (BTC) have seen strong inflows. According to Bloomberg intelligence analyst Eric Balchunas, the leading 14 gold ETFs have experienced outflows of $2.4 billion in 2024 as...
Bitcoin Price Prediction: BTC Hits $52,000; Surges with ETF Inflows & Coinbase’s Q4 Optimism
15.2.2024
Recently, Bitcoin surged past the $52,000 mark, a significant milestone that not only underscores its growing appeal but also highlights the robust inflows into U.S. spot Bitcoin exchange-traded funds (ETFs). This surge, coupled with a bullish sentiment from anticipated strong Q4 results from...
Citi Bank Tests Tokenization of Private Equity Funds on Avalanche
14.2.2024
The firm tested a variety of use cases through Avalanche's subnet with a focus on private markets
Bitcoin Traders Target $64K as BlackRock ETF Nears $500M in Single-Day Inflow
14.2.2024
Excluding Grayscale's Bitcoin Trust, the bitcoin exchange-traded funds have accumulated over $11 billion worth of BTC a month after going live
Sustainable Cryptocurrency eTukTuk Approaches $1 Million Milestone in Presale – Next Big Trend?
13.2.2024
Sustainable cryptocurrency eTukTuk’s presale is surging towards $1 million in funds raised. Investors have been piling into the sustainable transportation-focused web3 start-up’s presale ahead of an imminent price rise. $TUK tokens are currently available for $0.0265. But the $TUK price is set...
CoinDCX Partners with Defunct Crypto Exchange Koinex to Provide Access for its Users
13.2.2024
CoinDCX has partnered with Koinex, an Indian cryptocurrency exchange that ceased all trading operations due to regulatory uncertainties, to enable the platform’s users to access their assets. In a Tuesday announcement, CoinDCX said it has struck a Memorandum of Understanding (MoU) deal with...
Ethereum Price Prediction as Franklin Templeton Applies for Ethereum ETF – $10,000 in 2024?
13.2.2024
Ethereum surged 7.7% in the last 24 hours to hit $2,673 on news that Franklin Templeton has filed for a spot Ethereum ETF. The price appreciation happens in the midst of a market-wide rally that adds 4.1% to the price of Bitcoin, which topped $50,000 last night. Exchange-Traded Funds (ETFs)...