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Genesis Seeks Green Light from Bankruptcy Court for $1.4 Billion GBTC Share Sale
4.2.2024
Crypto lender Genesis Global Capital, currently undergoing bankruptcy proceedings, has requested permission to sell trust assets worth approximately $1.6 billion. In a motion filed with the U.S. Bankruptcy Court in the Southern District of New York, the firm sought approval to sell assets held...
Solana Price Prediction as SOL Becomes 5th Most-Traded Coin in the Market – Can SOL Overtake Ethereum?
4.2.2024
Solana price prediction takes center stage as SOL ascends to the fifth spot among the most-traded cryptocurrencies, sparking discussions on its potential to rival Ethereum. With its price at $96.50, despite a 2.50% dip over the past day, Solana’s substantial $1.3 billion trading volume...
Bitcoin Price Prediction as $8 Billion Trading Volume Floods In – Time to Buy?
4.2.2024
As Bitcoin‘s trading volume surges to $8 billion, many are wondering if it’s the right time to buy, with current Bitcoin price predictions in focus. The cryptocurrency, which is currently trading at $43,000, has seen a slight decrease of nearly 0.50% on Sunday. This comes amid news from...
AI Crypto Market Cap Leaps $1.07 Billion in 12 Days Led by Bittensor’s Rise
3.2.2024
In the span of just 12 days, the market cap of the artificial intelligence (AI) cryptocurrency sector has risen from $6.08 billion to its present valuation of $7.15 billion. This growth is primarily attributed to the impressive performance of bittensor (TAO), which saw a notable increase of 31.6%...
Grayscale’s GBTC Bitcoin Holdings: A $6 Billion Exodus in 22 Days
3.2.2024
According to data, Grayscale’s Bitcoin Trust, GBTC, recently released another batch of bitcoin valued at $184.19 million. GBTC’s holdings decreased from 482,592.18 bitcoin to the current 478,337.43 bitcoin in just one day, marking a reduction of 4,254.75 coins. Since Jan. 12, 2024...
BlackRock’s Spot Bitcoin ETF Now Holds $3 Billion in BTC
2.2.2024
Source: DALL·E BlackRock’s recently launched iShares Bitcoin Trust (IBIT), a spot Bitcoin ETF, just hit a new milestone. As of Friday, it holds just over 70,000 BTC tokens, worth just north of $3 billion at the current Bitcoin price around $43,200. ???? JUST IN: BlackRock now holds 70,005 $BTC...
Blackrock’s IBIT Bitcoin Reserves Soar, Securing 70,005 BTC Valued at Nearly $3 Billion
2.2.2024
According to the latest metrics, Grayscale’s Bitcoin Trust, commonly referred to as GBTC, saw a decline of approximately 9,520.27 bitcoins, valued at around $410 million, between Jan. 31 and Feb. 1, 2024. During a two-day period, Blackrock’s spot bitcoin exchange-traded fund (ETF)...
Bitcoin Technical Analysis: BTC’s Price Resilience Holds Steady Amidst Market Fluctuations
2.2.2024
On Friday, the price of bitcoin fluctuated within a daily span from $41,937 to $43,347, with its market value reaching $846 billion. The trading activity for the day tallied up to $17.35 billion, showcasing a spike in investor involvement and market liquidity, which tends to diminish as the weekend...
Meta’s Reality Labs Reports $4.65 Billion Operating Loss in Q4 2023 as Metaverse Efforts Continue
2.2.2024
Meta subsidiary Reality Labs, which focuses on the development of the metaverse, recorded a significant operating loss of over $4.6 billion in the fourth quarter of 2023. In its fourth-quarter report, released on February 1, Meta revealed that Reality Labs reported a loss of $4.65 billion during...
UK Police Seize 61,000 Bitcoins From Huge Chinese Investment Fraud
2.2.2024
The U.K. Metropolitan Police have reportedly seized more than 61,000 bitcoins from a massive Chinese investment fraud. A British citizen is accused of laundering bitcoin for a Chinese fugitive who allegedly stole roughly $6.4 billion from more than 128,000 investors. British Police Seize Over...
Celsius Emerges From Bankruptcy, Begins to Distribute $3 Billion to Creditors
1.2.2024
Celsius has concluded its Chapter 11 bankruptcy process and is embarking on a new journey with the launch of Ionic Digital, Inc., a bitcoin mining company managed by Hut 8 Corp. This development follows a complex legal and financial restructuring, which will include over $3 billion distributed...
Tether Achieves Record $6.2 Billion Annual Profit, Nears $100 Billion In Assets
1.2.2024
In 2023, Tether saw its assets approach the $100 billion mark, following a $6.2 billion profit according to the company’s Q4 attestation report released on January 31. The financial surge, detailed in Tether’s latest financial statements, reflects a strategic allocation of assets....
Tether’s ‘Record-Breaking’ Q4 Profit Partly Attributed to Gold and BTC Price Appreciation
1.2.2024
In the last quarter of 2023, Tether Holdings Limited registered a “record-breaking net profit of $2.85 billion.” Overall, the stablecoin issuer’s net profit in 2023 topped $6.2 billion. Tether’s secured loans ($4.8 billion), which are collateralized by highly liquid...
UK Police Seized $1.77 Billion in Bitcoin from Chinese Investment Fraud + More Crypto News
1.2.2024
Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In today’s crypto news selection: UK Police Seized £1.4BN of Bitcoin from Chinese Investment Fraud Industry Leaders Band Together to Launch the Digital Assets...
Celsius begins distributing more than $3 billion to creditors
1.2.2024
Celsius Network has announced that it has begun distributing funds to creditors. Approximately $3 billion has been rolled out in cryptocurrency and fiat currency. Also, Celsius Network has said that it is incorporating a new Bitcoin mining company called Ionic Digital Inc. It will be owned...
Celsius Emerges from Bankruptcy and will Distribute $3B to Creditors
1.2.2024
Celsius Network has emerged from bankruptcy and is planning to pay over $3 billion of cryptocurrency and fiat to its creditors. Part of the bankruptcy plan will include the creation of a new Bitcoin mining company named “Ionic Digital” which will be fully owned by Celsius’ creditors. Hut 8 Corp....
Bitcoin Worth $1.7B Seized As Ex-Restaurant Worker Tries To Buy $30M London Mansion with Fraud Money
31.1.2024
Authorities in the United Kingdom have seized Bitcoin valued at over £1.4 billion as a result of a fraud investigation into a former Chinese takeaway worker, Jian Wen, who allegedly attempted to buy a £23.5 million mansion in Hampstead. According to a Sky News report, the police seized over 61,000...
Jupiter Price Prediction as Solana Airdrop Creates a New Crypto Unicorn – How to Check JUP Eligibility?
31.1.2024
Jupiter (JUP) Price Chart / Source: TradingView Solana-based decentralized exchange (DEX) aggregator Jupiter just launched a massive airdrop of its native Jupiter (JUP) token, with the Jupiter price subsequently storming higher to turn the protocol into crypto’s latest unicorn. A crypto unicorn...
Grayscale’s Bitcoin Trust Sees Reduction Slowdown as New ETFs Gain Ground With Over 160,000 BTC Acquired
31.1.2024
In the most recent update, Grayscale’s Bitcoin Trust (GBTC) experienced a decrease of 4,461.36 bitcoin, valued at approximately $190.53 million, over the past day. Since Jan. 12, 2024, GBTC has observed a cumulative reduction of about 124,967.54 bitcoin, equivalent to an estimated $5.33...
Stablecoin Market Cap Climbs $4.85 Billion in 30 Days; USDT, USDC, FDUSD Spearhead Growth
31.1.2024
In the past month, data reveals a significant increase in the combined market capitalization of leading stablecoins, rising from $131.71 billion to $136.56 billion. The top two stablecoins, tether and usd coin, experienced notable expansions in their supplies, with increases of 4.8% and 7.2%...