The United States spot Ether exchange-traded funds (ETFs) have recorded their biggest day of inflows in history, as the crypto market continues to rally after Trump’s election victory. The ETFs, which launched in July, recorded $294.9 million in inflows on Nov. 11 — smashing its previous record of $106.6 million on launch day. The Fidelity Ethereum Fund (FETH) led the…
Electric vehicle company Tesla’s strategic bet on Bitcoin is proving lucrative, with the company now holding over $1 billion worth of the world’s largest crypto. The automaker currently holds 11,509 BTC, which has appreciated significantly in value as Bitcoin hit an all-time high of $89,560, as per data from blockchain analytics firm Arkham Intelligence. In February 2021, Tesla announced it…
Rumors swirl around the potential for nation states to acquire large reserves of bitcoin (BTC), sparking debates on the risks and benefits for the cryptocurrency’s future. Could Nation States Holding Bitcoin Spark Hyperbitcoinization? In recent days, rumors have emerged about nation state accumulating substantial amounts of bitcoin, with some speculation even suggesting a coordinated effort […] Source: https://news.bitcoin.com/bitcoin-at-a-crossroads-how-nation-state-acquisitions-could-reshape-cryptocurrency/
The world’s largest stablecoin issuer, Tether, has launched an open-source wallet development kit (WDK) to enable businesses and developers to integrate non-custodial wallets into any website or app — and it’s even designed to work with AI agents. On Nov. 11, Tether announced the launch of its WDK Wallet Development Kit, which it described as a modular software development kit…
Donald Trump’s election victory in the United States is unlikely “the main story” behind Bitcoin’s recent pump — with an analyst pointing instead to a post-halving supply shock. “If you’re wondering what’s happening with #Bitcoin… Yes, the incoming Bitcoin-friendly administration has provided a recent catalyst… But, that’s not the main story here,” said Onramp Bitcoin co-founder Jesse Myers in a…
Russia’s central bank reported a record high of $207.7 billion in gold reserves for October. Gold’s share in Russia’s total international reserves rose from 31.5% in September to 32.9%, the highest level since November 1999, when it reached 34%. Historically, the gold proportion peaked at 56.9% on Jan. 1, 1993, and dropped to a low […] Source: https://news.bitcoin.com/russias-gold-reserves-climb-to-207-7b-a-shift-in-global-strategy/
If retired Carolina Panthers player Russell Okung held onto the 240 Bitcoin purchased in lieu of half of his 2020 salary until today, he would be sitting on over $20.9 million. If. Chances are, he’s sitting pretty: In May 2021, amid a decline in Bitcoin’s value, Okung reaffirmed his commitment to the crypto, stating on Twitter at the time, “Y’all…
Donald Trump’s election victory in the United States is unlikely “the main story” behind Bitcoin’s recent pump — with an analyst pointing instead to a post-halving supply shock. “If you’re wondering what’s happening with #Bitcoin… Yes, the incoming Bitcoin-friendly administration has provided a recent catalyst… But, that’s not the main story here,” said Onramp Bitcoin co-founder Jesse Myers in a…
Russia, India, and several African nations are accelerating dedollarization, embracing national currencies in trade to enhance economic independence and reduce reliance on the U.S. dollar. Global Trade Gets a Shake-Up as Powers Pivot from the US Dollar Russia, India, and numerous African nations are advancing their use of national currencies in trade, a strategy that […] Source: https://news.bitcoin.com/russia-india-africa-advance-bold-plans-to-sideline-us-dollar/
The Republicans are projected to keep the United States House, giving the party total control of the government after taking a majority in the Senate along with Donald Trump’s election win. Decision Desk HQ called the race for the House at 12:13 am UTC on Nov. 12, projecting the GOP would win the 218 seats needed for a majority after it…
