Category: Latest news

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[ad_1] Quick Take A compelling trend emerged in the Bitcoin landscape in 2023, marked by two distinct spikes in mining fees – one in May and the other in November. Both were directly correlated to a surge in Bitcoin inscriptions, with the May frenzy subsiding after a month, while the November surge endured for approximately…

[ad_1] This February, several crypto projects, including prominent ones like Avalanche, Aptos, Sui, and others, are poised to release over $1 billion in digital assets, according to data compiled by CryptoSlate from Token Unlocks. Token unlocks refer to the gradual release of specific quantities of previously restricted cryptocurrencies to prevent substantial sell-offs by early investors…

[ad_1] Quick Take Day 14 for the new Bitcoin ETFs marked another day of net inflows, with a considerable $197 million entering the market on Jan. 31, according to Whale Panda.  This marks the fourth successive trading day of net inflows, underlining a trend in the market’s dynamic. Among the prominent contributors, BlackRock’s IBIT showed…

[ad_1] Google has begun to permit advertisements featuring U.S. spot cryptocurrency exchange-traded funds (ETFs) as of Jan. 29. The company’s restricted financial products policy page now reads: “Google allows ads promoting cryptocurrency coin trusts targeting the United States, as long as the advertiser has successfully registered under Section 12 of the Exchanges Act using form…

[ad_1] January 2024 saw notable fluctuations in Bitcoin’s perpetual futures market, reflected in the funding rate, open interest (OI), and trading volumes. Perpetual futures, unlike traditional futures, do not have an expiration date, allowing traders to hold positions indefinitely. A critical aspect of these instruments is the perpetual futures funding rate, a mechanism designed to…

[ad_1] Coinbase and Ripple are among the largest donors to a super PAC that aims to support pro-crypto politicians, Bloomberg reported on Jan. 31. Coinbase has contributed $24.5 million to Fairshake, PAC spokesperson Josh Vlasto told Bloomberg. Coinbase CEO Brian Armstrong has also personally given $1 million to the PAC. Those donations make up about…

[ad_1] BlackRock proposed a campaign to project spot Bitcoin ETF advertisements onto the sides of buildings in a Jan. 31 SEC filing. The filing describes BlackRock’s plans in brief, noting: “The IBIT Signal is an animation designed to be projected onto the facades of former financial institutions in New York City, Miami, and Los Angeles.…

[ad_1] U.K. authorities seized 61,000 BTC valued at approximately £1.4 billion (or $1.78 billion) related to an investment fraud that operated in China, the Financial Times reported. The mastermind behind the fraud, Zhimin Qian, converted part of the profits from a £5 billion investment scam operated in China between 2014 and 2017 into the top…

[ad_1] Chris Larsen, executive chairman and co-founder of Ripple, said on Jan. 31 that several of his personal XRP accounts had been hacked. He wrote in a post on X: “Yesterday, there was unauthorized access to a few of my personal XRP accounts (not Ripple) – we were quickly able to catch the problem and…