BlackRock’s iShares Ethereum Trust, known also as ETHA, has almost hit $900 million in total inflows after just 11 trading days. Source: https://cointelegraph.com/news/blackrock-spot-ether-etf-rakes-nearly-900-million-since-launch?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
Homeland Security leads to man charged over crypto recovery scam
At least 175 people claim they engaged Coin Dispute Network to help them recover funds but never saw a single cent returned. Source: https://cointelegraph.com/news/homeland-security-probe-man-charged-over-crypto-recovery-scam?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Barefoot Mining CEO: Wars Will Be Fought Over Bitcoin Blockspace
Bob Burnett, CEO of Barefoot Mining, a bitcoin mining company providing off-grid “wild” mining services, has declared that wars will be fought over Bitcoin blockspace. In a recent interview, Burnett stated that as bitcoin becomes critical to companies and nation-states, the value of Bitcoin blockspace will be treated as an essential scarce commodity. Barefoot Mining […] Source: https://news.bitcoin.com/barefoot-mining-ceo-wars-will-be-fought-over-bitcoin-blockspace/
Bitcoin volatility hits 20-month high, traders hedge against further slump
Bitcoin’s volatility index reached its highest level in 20 months, but traders aren’t too sure if there’s more pain ahead. Source: https://cointelegraph.com/news/bitcoin-volatility-high-price-put-call-ratio-uncertainty-crypto-traders?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Brazilian Securities Regulator CVM Initiates Inquiry Into Tokenization Operations
The Brazilian Securities Regulator (CVM) has begun sending letters to tokenization companies, inquiring about the nature of their operations. According to local reports, these letters require issuers to disclose which tokens were issued, their purported classification, and the assets supporting the issuance of such tokens. Brazilian Securities Regulator CVM Investigates Tokenization Companies’ Activities The Brazilian […] Source: https://news.bitcoin.com/brazilian-securities-regulator-cvm-initiates-inquiry-into-tokenization-operations/
'Something is happening' — Bitcoin hodlers scooped $23B in the past 30 days
On-chain activity suggests that Bitcoin whales have been accumulating over the past month amid a market slump. Source: https://cointelegraph.com/news/bitcoin-hodlers-scooped-23-billion-past-30-days?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Binance saw $1.2B of inflows in one of biggest trading days of 2024, says CEO
ByBit, Crypto.com and OKX’s net asset inflows have also increased by $301.4 million, $107.8 million and $97.7 million over the last 24 hours. Source: https://cointelegraph.com/news/binance-saw-1-2-billion-inflows-biggest-trading-days-of-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Report States Salvadoran Economy Slowed, Purchasing Power Down as Bukele Fights Inflation
A report by FUNDE, an investigative organization in El Salvador, has highlighted that the Salvadoran economy will grow less this year due to a decrease in public investment in infrastructure. Additionally, FUNDE claimed that the purchasing power of Salvadorans is being affected by rising inflation, which is one of the highest among dollarized economies. FUNDE […] Source: https://news.bitcoin.com/report-states-salvadoran-economy-slowed-purchasing-power-down-as-bukele-fights-inflation/
Institutions Are ‘Buying the Dip’ as Crypto Finds a Footing Following Recent Market Slump
Institutions have been scooping up crypto following this week’s rout, which wiped some $230 billion from the market and dragged major asset prices to lows not seen in months. That’s according to the latest reading from crypto trading and institutional brokerage outfit FalconX, which noted interest in Bitcoin “remains elevated” and is trading almost three times more than rival Ethereum.…
Devs to Launch New DeFi and Smart Contract Solution on Bitcoin
The dream of decentralized finance (DeFi) on the Bitcoin blockchain has eluded developers for nearly as long as it the dominant blockchain has existed. But a crucial component of DeFi, smart contracts, are not native to the Bitcoin blockchain. A group of developers, however, is set to launch the OP_NET testnet on Wednesday, which they say will bring the programmable…