Author: e_cash_top
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Fidelity’s Bitcoin ETF records its largest single-day inflow, attracting $405 million
[ad_1] Quick Take As Bitcoin hovers just below the all-time high of $69,000, the ETF sector demonstrates substantial activity, reflecting wider market sentiment and significant institutional interest. According to BitMEX, recent inflows into Bitcoin ETFs reached a striking total of $563 million on March 4, equivalent to roughly 8,338 Bitcoins. ETF Data in dollars: (Source:…
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BlackRock looking to include Bitcoin exposure in other funds
[ad_1] BlackRock has filed an amendment with the SEC to integrate Bitcoin exposure in its Strategic Income Opportunities Fund (BSIIX), according to a March 4 filing. BSIIX’s total fund size stood at $36.5 billion, while its share class total net assets were $24.2 billion as of March 1. The fund typically invests in fixed-income securities and…
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MicroStrategy launches $600 million notes offering to fuel Bitcoin acquisition as stock surges
[ad_1] MicroStrategy announced plans to offer $600 million in convertible senior notes due 2030 to fund further acquisitions of Bitcoin after its stock price surged 20% in the early hours of trading on March 4. The private offering is aimed at qualified institutional buyers and is subject to market conditions and other factors. The move aims…
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Coinbase experiences second zero-balance bug in five days
[ad_1] Crypto exchange Coinbase once again experienced an issue that caused some users to see an empty balance in their accounts on March 4. At 5:36 pm UTC, the company wrote: “A small subset of users may see intermittent zero balance across their Coinbase accounts and latency across pages. Trading is not impacted at this…
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Anthropic releases next generation of Claude, claims it is ‘superior’ to GPT-4
[ad_1] Anthropic is launching its latest generative AI (GenAI) technology, Claude 3, with the claim that it is superior to OpenAI’s Chat GPT-4, according to a March 4 press release. The new suite of models, comprising Claude 3 Haiku, Claude 3 Sonnet, and the most advanced, Claude 3 Opus, is positioned to rival OpenAI’s GPT-4…
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BlackRock’s spot Bitcoin ETF surpasses $10B in AUM, faster than any other to date
[ad_1] BlackRock’s iShares Bitcoin Trust (IBIT) now has more than $10 billion in assets under management (AUM), according to data from CoinGlass. Bloomberg ETF analyst Eric Balchunas noted that IBIT is one of just 152 exchange-traded funds (ETFs) that have reached the $10 billion mark. Currently, roughly 3,400 ETFs exist in total. He observed that…
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How stablecoins have fueled the recent rise in Bitcoin’s value
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you…
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TRON DAO at ETH Denver and Host of TRON Builder Tour Denver Stop
[ad_1] Geneva, Switzerland, March 4, 2024 – The TRON DAO team attended ETH Denver, one of the leading events in the blockchain space. In conjunction with this, the TRON Builder Tour (TBT) ETH Denver event unfolded, drawing enthusiasts into the dynamic world of the TRON ecosystem with an event packed with insights, networking, and more.…
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India mandates tech firms to seek regulatory approval before launching AI tools
[ad_1] The Indian government has announced a new requirement for technology companies to secure government approval before publicly releasing artificial intelligence (AI) tools that are still in development or considered “unreliable,” Reuters reported March 4. The move is part of India’s efforts to manage the deployment of AI technologies, aiming to promote accuracy and reliability…
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Crypto investment products near all-time high with $1.84 billion weekly net inflow
[ad_1] Crypto-related investment products saw significant inflows last week, totaling $1.84 billion—this year’s second-largest weekly inflows—according to CoinShares’ latest weekly report. This significant inflow was also matched by a record trading volume of more than $30 billion during the same period, which at times represented 50% of global Bitcoin daily trading volumes on trusted exchanges.…