On April 10th, there were withdrawals totaling $17.5 million from Grayscale’s GBTC, marking an all-time low for this particular ETF, according to Teddy Fusaro, president at Bitwise Asset Management. The cryptocurrency market has been plagued by disastrous Grayscale outflows. About a month ago, ETF expert Eric Balchunas expressed his doubt that the recent outflows were … Read more
Over the last 24 hours, Ethereum, the leading altcoin in the crypto market, has gone through significant price fluctuations. Following a steep decline the previous day that eliminated approximately $30 million in investments within an hour, Ethereum‘s cost dropped by as much as 3.1%, touching $3,411 at one point. After experiencing a rebound, Ethereum’s price … Read more
To handle the intricate challenges of regulating stablecoins, the Bank for International Settlements (BIS) is calling for immediate international supervision. A recent study by the Bank for International Settlements emphasizes the importance of creating a single regulatory system to tackle the issue of multiple regulations that prevent widespread use of stablecoins. A BIS survey in … Read more
Based on information from the Shibburn group in the last 24 hours, an enormous quantity of SHIB meme tokens has been moved to “inferno” wallets, permanently removing them from circulation and preventing any future use or retrieval. During this time, the SHIB price has bounced back following its decline the previous day. Notably, the enigmatic … Read more
To help manage the intricate regulations surrounding stablecoins, the Bank for International Settlements (BIS) is calling for immediate international supervision. According to the newest BIS report, there’s an urgent requirement for a single set of rules to tackle the problem of multiple regulators that is preventing wider usage of stablecoins. A BIS survey in 11 … Read more
Robert Kiyosaki, the writer behind “Rich Dad, Poor Dad,” has expressed his agreement with Cathie Wood’s optimistic price forecast for unspecified assets, which she shared on the X social media platform. Ark predicted that the largest cryptocurrency could soar up to $2.3 million based on their findings in the yearly “Big Ideas” report. With an … Read more
The FBI is investigating a Bitcoin Core developer conference and has requested information from attendees through a subpoena. According to an email from Mike Schmidt of Brink, a philanthropy supporting open-source developers, the investigation relates to the theft of around $3.6 million worth of Bitcoins belonging to Luke Dashjr. The email sent by Schmidt reads: … Read more
The cost of transacting on the Bitcoin network has been relatively low lately, with fees for processing blocks at nearly the lowest levels seen in recent cycles. Bitcoin Miners Have Been Receiving Low Fees Recently According to analyst James Van Straten in his latest post on X, the cost for bitcoin users to send transactions … Read more
Recently, an examination of the Bitcoin blockchain has brought to light that an unidentified institutional custodian, suspected to be Cobo Custody, holds significant influence over the Bitcoin network. According to a post on platform X, this custodian is reportedly in charge of at least nine mining pools associated with Coinbase, collectively accounting for approximately 47% … Read more
A major milestone in the world of cryptocurrencies: The trial of Avraham Eisenberg, allegedly responsible for the $100 million Mango Markets scam, has begun in a New York federal court. Details Of The Mango Markets Scandal In her opening statements at the trial, Assistant US Attorney Tian Huang described Eisenberg’s behavior on October 11, 2022, … Read more