Around 500 BTC has been moved from a Mt. Gox-associated address but it is unclear if this is related to repayments. Source: https://cointelegraph.com/news/mt-gox-makes-35-million-btc-transfer-unmarked-addresses?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: November 2024
India Reclaims 102 Tonnes of Gold From Bank of England as Global Risks Rise
The Reserve Bank of India has repatriated 102 tonnes of gold from the UK, bolstering domestic reserves as global instability fuels demand for secure assets. 102 Tonnes of Gold Returned: RBI Shifts Assets From Bank of England India’s central bank, the Reserve Bank of India (RBI), has returned 102 tonnes of gold from the Bank […] Source: https://news.bitcoin.com/india-reclaims-102-tonnes-of-gold-from-bank-of-england-as-global-risks-rise/
US Bitcoin ETFs Amass Over Half of Gold’s Holdings in First Year
U.S.-listed Bitcoin exchange-traded funds have rapidly accumulated tens of billions in assets, reaching half that held by gold ETFs in record time. Since launching in January 2024, Bitcoin ETFs have attracted substantial inflows, totaling $23.89 billion and $70 billion in total net assets, per data from SoSoValue. By comparison, total net assets for U.S.-listed gold ETFs stand at $137.3 billion,…
CleanSpark targets 400MW Bitcoin mining capacity after acquiring GRIID
CleanSpark CEO Zach Bradford said it was a strategic move for the firm to increase its mining capacity in Tennessee. Source: https://cointelegraph.com/news/clean-spark-targets-400mw-bitcoin-capacity-after-acquiring-griid?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Coinbase sees largest single-day decline in 2 years amid stock market wipeout
Coinbase’s share price experienced its largest daily drop in over two years amid a broader stock market decline, yet traders remain bullish on the firm’s earnings prospects for 2025. Source: https://cointelegraph.com/news/coinbase-largest-single-day-decline-coin-share-price-stock-market?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound