On October 30th, BlackRock’s iShares Bitcoin Trust (IBIT) experienced a remarkable influx of $872 million, setting a new record for the highest single-day inflow since its launch in January. This significant uptick occurred just a day after IBIT reported a trading volume of $3.35 billion, the most substantial level observed in over six months. Such
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In a striking analysis released by Animoca Research, the performance of newly listed tokens on five major cryptocurrency exchanges from January to September 2023 has raised eyebrows across the crypto community. The findings revealed a sobering trend: a negative median performance rate ranging from 40% to 70% was observed among 773 tokens listed during this
The Royal Government of Bhutan has recently made headlines by depositing a substantial amount of Bitcoin into the Binance cryptocurrency exchange. Specifically, 929 BTC were transferred at a time when Bitcoin’s price crossed the $70,000 mark for the first time since mid-June. According to Lookonchain, sources such as Arkham Intelligence confirmed that this transaction, amounting
In a groundbreaking move, Circle, a prominent stablecoin issuer, has forged a partnership with HKT, a notable player in technology, media, and telecommunications within Hong Kong. This collaboration, encapsulated in a newly signed Memorandum of Understanding (MOU), aims to harness the power of blockchain technology to develop innovative loyalty solutions that cater specifically to the
On October 30, Kraken, one of the leading cryptocurrency exchanges, revealed a significant restructuring initiative intended to optimize its operations and re-establish its organizational focus. This announcement comes on the heels of a painful history of prior layoffs, which included a notable 30% workforce reduction just a year prior. These decisions are not merely business
In a groundbreaking fusion of anime heritage and cutting-edge technology, Animoca Brands Japan is set to unveil a special collection of NFTs inspired by the iconic series Ghost in the Shell, launching on October 31. This initiative not only reflects the enduring legacy of the influential franchise, which has roots stretching back to a 1989
The cryptocurrency market is experiencing a surge of interest, driven primarily by Bitcoin’s approach to its all-time highs. As analysts and investors closely monitor the oscillating price movements, many are turning their attention to promising altcoins, notably Cardano (ADA). With the backdrop of Bitcoin’s potential breakout, Cardano finds itself positioned at a crucial intersection. Various
As the dust settles on one of the most notorious financial collapses in modern history, Nishad Singh’s recent sentencing is a stark reminder of accountability within the cryptocurrency landscape. On October 30, 2023, Singh, the former engineering director of the defunct FTX exchange, received a sentence of time served and three years of supervised release.
The collapse of FTX, once a giant in the cryptocurrency exchange market, has sent shockwaves across the financial sector. Following its downward spiral, the company filed for Chapter 11 bankruptcy in November 2022, setting off a tumultuous recovery process aimed at refunding its creditors. The involvement of key figures from the FTX hierarchy has become
Bitcoin has long been a subject of fascination in the financial world, and current market analyses suggest that we may be on the verge of a significant price surge. Analysts, including prominent figures like Tony Severino and Ali Martinez, are forecasting impressive gains for Bitcoin as it approaches a crucial peak in its current bull
