Brian Nelson, Undersecretary for Terrorism and Financial Intelligence at the US Department of the Treasury, provided critical testimony to Congress on Feb. 14, challenging widely held beliefs about the role of crypto in funding terrorist activities. Amidst a backdrop of concerns over digital assets, Nelson’s insights during the House Financial Services Committee hearing painted a …
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BlackRock’s spot Bitcoin ETF — the iShares Bitcoin Trust (IBIT) — surpassed a record high of $720 million in daily volume on Feb. 14 to take the number one spot in terms of volume, according to data from Coinglass. Commenting on IBIT’s more than $700 million in volume on Feb. 14, Bloomberg ETF analyst Eric …
Genesis Global has secured approval from a bankruptcy court to sell approximately 35 million shares of the Grayscale Bitcoin Trust (GBTC), valued at over $1.3 billion, Bloomberg News reported Feb. 14. The decision, delivered by Judge Sean Lane, allows Genesis to liquidate its GBTC shares into Bitcoin or cash. The sale is poised to inject …
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News anchor Joe Kernen defended Bitcoin in a spirited exchange with SEC Chair Gary Gensler during an interview on CNBC’s “Squawk Box” on Feb. 14 after the regulator questioned the flagship crypto’s decentralized nature. The conversation, which veered into a wide-ranging discussion about crypto, investor protection, and the recent approval of spot Bitcoin ETFs, highlighted …
Genesis Global Capital has received authorization to offload its stake in Grayscale’s Bitcoin Trust (GBTC), valued at approximately $1.3 billion. Genesis Global Permitted to Liquidate $1.3 Billion in Bitcoin Trust Shares According to Bloomberg, Genesis Global Holdco LLC secured Judge Sean Lane’s approval to liquidate its GBTC investments, currently estimated at $1.3 billion. The request …
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After its oversubscribed initial public offering (IPO), Phoenix Group, a Dubai-based company specializing in bitcoin mining and blockchain infrastructure, has announced a significant 50% increase in net income. The firm further revealed a 20% increase in its annual sales compared to the previous year. Dubai Bitcoin Miner Phoenix Group Records Substantial Increase in Year-on-Year Sales …
Statistics reveal that since the onset of February 2024, the stablecoin sector has experienced a significant expansion, with an increase of $1.7 billion in its economy. In the last 30 days, both usd coin and first digital usd witnessed their supplies jump by 9.6% and 40.3%, respectively. The Dual-Edged Sword of Stablecoin Growth As the …
Crypto analyst Kevin Svenson believes Bitcoin (BTC) could rally to a key resistance level ahead of the halving event. In a new strategy session, the trader tells his 72,000 YouTube subscribers that the flagship digital asset’s upward momentum could take it to $60,000 before the April halving event, when miners’ rewards are cut in half. …
Macroeconomist Alex Krüger is detailing his outlook on how Ethereum (ETH) could pick up the pace from it’s slower than expected performance. In a new interview on the Bitcoin Suisse podcast, Krüger says Ethereum is currently the “slow horse” of the digital assets market, largely due to its size and its already-established presence in the …
Billionaire entrepreneur Peter Thiel’s investment fund reportedly purchased $200 million worth of Bitcoin (BTC) and Ethereum (ETH) right before crypto prices took off last year. Citing sources with direct knowledge of the matter, Reuters reports that Thiel’s Founders Fund bought $100 million worth of BTC and $100 million worth of ETH in Q3 and early …
The Chair of the U.S. The Securities and Exchange Commission (SEC) says Bitcoin (BTC) isn’t as decentralized as the public believes. In a new interview on CNBC, Gensler says the top crypto asset by market cap is “not that decentralized,” partially due to the prominence of centralized crypto exchanges. “[Bitcoin] is not that decentralized…look at …
In 2018, Morpher embarked on a journey to democratize the traditional world of finance, creating a trading platform that will break down financial barriers and make global financial markets accessible to everyone. Once again, Morpher is at the forefront of industry innovation – the company has introduced Morpher AI, a feature that will allow users …
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Global investment giant Franklin Templeton has submitted an application to the U.S. Securities and Exchange Commission (SEC) for a spot market Ethereum (ETH) exchange-traded fund (ETF). The investment firm, which currently reports $1.6 trillion in assets under management (AUM), was one of 11 applicants who received approval from the SEC last month to launch a …
Mondelēz International, the global food and snacking powerhouse behind iconic brands such as Oreo, Cadbury, and Toblerone, has officially joined the Hedera Council, according to a Feb. 14 press release. Under the partnership, Mondelēz will leverage the Hedera blockchain to enhance digital transformation, supply chain management, and customer engagement. The Hedera Council, consisting of over …
Tap Protocol, designed to support DeFi applications on Bitcoin Ordinals, has become the most active protocol on Bitcoin’s Ordinals network over the past 24 hours. Genii Data indicates Tap Protocol handled nearly double the transactions of BRC-20 or OrdDefi. Ordinals activity (Source: GeniiData) While Genii tracks BRC20 activity separately from other protocols, the total activity …
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