Author: e_cash_top

[ad_1] A top Bitwise executive acknowledged on Jan. 26 that his firm’s spot Bitcoin ETF has received hundreds of dollars of unsolicited Bitcoin. Co-founder & CTO Hong Kim wrote that the Bitwise Bitcoin ETF (BITB) received 998,085 satoshis worth $419 across 35 UTXOs over two days. He suggested that this will simply increase the ETF’s…

[ad_1] BlackRock’s iShares Bitcoin ETF (IBIT) has set a new benchmark in the cryptocurrency investment space by amassing over $2 billion in assets under management (AUM) just ten days after its trading debut, according to Bloomberg Terminal data. BlackRock now holds almost 50,000 BTC through its ETF. The rapid accumulation reflects the strong investor interest…

[ad_1] The price of Bitcoin surpassed $42,000 on Jan. 26 amidst significant spot Bitcoin ETF flows and an upgrade to Coinbase’s stock rating. Bitcoin (BTC) was valued at $42,040.36 with a market cap of $824.4 billion at 8:05 pm UTC on Friday. That marks 5.3% growth over 24 hours. Bitcoin’s current price also represents a…

[ad_1] In a landmark judgment, Mark Scott, formerly a high-ranking lawyer at Locke Lord LLP, received a 10-year prison sentence on Jan. 25 for laundering $400 million derived from the infamous OneCoin Ponzi scheme. The sentencing at the Southern District of New York followed Scott’s 2019 conviction on multiple counts of bank fraud and money…

[ad_1] Crypto exchange OKX will discontinue its mining pool services due to “business adjustments” reasons, according to a Jan. 26 statement. The platform said it had halted new customer registrations, effective immediately. Existing users will retain access to the platform until Feb. 25, after which all mining pool-related services will be discontinued by Feb. 26.…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

[ad_1] A novel aspect of the new spot Bitcoin ETFs, as approved by the SEC, is the cash-creation mechanism for issuing and redeeming shares. The ETFs are considered commodity-shares ETFs, yet, as BlackRock points out in its iShares Bitcoin ETF (IBIT) prospectus, “all spot-market commodities other than bitcoin, such as gold and silver, employ in-kind…

[ad_1] Quick Take A Sharpe Ratio for Bitcoin (BTC) +0.97  over the past five years presents a noteworthy observation, according to Jurrien Timmer, director of Global Macro at Fidelity. Despite the renowned volatility of Bitcoin, this ratio suggests that the digital asset has offered a close to even exchange between risk and excess return over…

[ad_1] Quick Take The Bitcoin hash rate experienced a significant drop in the middle of January, triggered by the Texas freeze, which saw it plunge 6% from its record peak. However, this plunge was short-lived, as evidenced by Jan. 25, which witnessed the most significant single-day hash rate ever recorded, at an impressive 638eh/s, marking…

[ad_1] Analysts from banking giant JPMorgan believe that the profit-taking from the Grayscale Bitcoin Trust (GBTC) may have concluded, potentially alleviating the downward pressure on Bitcoin prices.  The analysts explained that they had estimated that GBTC could see as much as $3 billion in outflows from investors previously exposed to its discount. But with the…