The cryptocurrency market is buzzing with renewed excitement as the BlackRock iShares Bitcoin Trust (IBIT) saw a remarkable inflow of $642.9 million on October 29. This significant financial influx marks the most substantial increase since March 12, with total net inflows across all Bitcoin ETFs reaching an impressive $870.1 million—an amount not observed since early
Crypto
In a notable event in Lugano, Switzerland, Tether’s CEO, Paolo Ardoino, publicly detailed the stablecoin issuer’s reserves, revealing significant holdings that include $5.58 billion in Bitcoin, $3.87 billion in gold, and an impressive $100 billion in U.S. Treasury bonds. This information is particularly pertinent as Tether grapples with an ongoing investigation by the U.S. federal
Metaplanet, a noteworthy investment firm in Japan, is making headlines with its strategic expansion into Bitcoin (BTC) holdings. Recently, the firm announced the acquisition of 156.7 BTC, a transaction valued at approximately 1.6 billion yen or about $10.4 million. This purchase marked a significant milestone, elevating Metaplanet’s total Bitcoin reserves to an impressive 1,018 BTC
Bitcoin (BTC) has recently exhibited a degree of bullish momentum that many analysts are interpreting as a precursor to further price increases. Over the past weekend, prices fluctuated within a narrow band of $66,500 to $67,500, but the start of the new week amplified this upward trend, pushing BTC prices to surpass the $68,500 mark.
In a significant turn of events, FTX has reached a settlement to resolve its lawsuit against Bybit, its executives, and Mirana, the exchange’s investment arm. The arrangement, announced through a court filing on October 24, outlines a considerable amount of $228 million aimed at facilitating repayments to creditors of the beleaguered exchange. This settlement is
In the rapidly evolving world of cryptocurrencies, influencers have become pivotal figures, shaping the narrative, attracting followers, and inspiring investors. Among them, Valeria Fedyakina, also known as “Bitmama,” rose to prominence by presenting herself as an expert in the crypto space. Her brand appeal and purported success drew many to her platform, where she promised
In a remarkable turnaround following a steep decline, Bitcoin’s value has once again found its footing and is currently trading above $68,000, even approaching the $68,500 mark earlier today. This sustained recovery is noteworthy, especially after a tumultuous week marked by sharp fluctuations. This recent rally underscores Bitcoin’s volatility, accentuated by significant trading activity around
In recent times, Dogecoin, the iconic meme cryptocurrency, has transcended the $0.14 mark once more, capturing the attention of investors and crypto enthusiasts alike. This surge appears potentially linked to the actions of Elon Musk, who attended a Trump rally on October 27 at Madison Square Garden. During this high-profile event, he not only promoted
In a remarkable intersection of art and finance, the city of Lugano, Switzerland, has unveiled a statue honoring the enigmatic Satoshi Nakamoto, the creator of Bitcoin. This initiative, launched in collaboration with Tether—one of the leading stablecoin issuers—was revealed at the third annual Plan ₿ forum. The statue, crafted by artist Valentina Picozzi, is not
The past week has been tumultuous for Bitcoin, which is likely to close with a modest loss of nearly 2%. Despite a strong start, the premiere cryptocurrency faltered, reflecting the unpredictability of the market. While Bitcoin maintained a brief moment of potential growth early in the week, it ultimately succumbed to a series of downward