New data reveals that one of the biggest banks in the world is acquiring shares of asset manager BlackRock’s spot market Bitcoin (BTC) exchange-traded fund (ETF). In a new filing with the U.S. Securities and Exchange Commission (SEC), France-based BNB Paribas – the ninth-largest bank in the world – purchased 1,030 shares of the iShares …
Monthly archives: May 2024
Bitcoin Cash (BCH) Backer Roger Ver Arrested and Charged With Evading Nearly $50,000,000 in Taxes
A prominent early Bitcoin (BTC) investor was arrested in Spain over the weekend for allegedly evading $50 million worth of US taxes. Roger Ver, a noted supporter of Bitcoin Cash (BCH), faces charges including mail fraud, tax evasion and filing false tax returns, according to a new announcement from the U.S. Department of Justice (DOJ). …
The Half Nots: How the Halving Is a Double-Edged Sword for Miners
Miners rely on immense computing power to successfully solve complex mathematical problems for verifying and adding new blocks to the blockchain. Behind Bitcoin’s transaction verifications, block creation, and network security are miners. They rely on immense computing power to successfully solve complex mathematical problems for verifying and adding new blocks to the blockchain. When a …
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Swapping BTC for USDT: A Comprehensive Guide for Investors
We’ll take you through every important step, security measures, and best practices that would make you secure while swapping your cryptocurrency. In today’s fast-moving crypto world, the ability to change swiftly from one asset, for example, Bitcoin (BTC), to Tether (USDT) is one of the major ways that traders and investors are managing volatility in …
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The Invisible Ledger: Understanding the Power of Blockchain Technology
Despite its growing significance, blockchain remains a concept shrouded in mystery for many. In this post, we demystify the power of Blockchain. In an increasingly digitized world, the concept of trust has undergone a profound transformation. Traditional mechanisms of trust, rooted in centralized institutions and intermediaries, are being challenged by new paradigms enabled by blockchain …
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The Future of Crypto: Navigating Innovation, Challenges, and Global Impact
In this article, we explore the potential scenarios and implications that await the future of crypto from DeFi to investment and speculation. The future of crypto currency holds both excitement and uncertainty as technological advancements, regulatory shifts, and changing societal attitudes shape its trajectory. Since the inception of Bitcoin, the cryptocurrency landscape has evolved significantly, …
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Bioniq CEO envisages a programmable future for Bitcoin with Ordinals and new protocols
In the latest episode of the SlateCast, Liam “Akiba” Wright and Nate Whitehill welcomed Bob Bodily, the CEO and co-founder of Bioniq, to discuss the future of Ordinals, the programmability of Bitcoin, and the potential impact of these developments on the broader crypto ecosystem. Bodily, a passionate advocate for the decentralized and permissionless nature of …
Bitcoin wrestles with key moving averages and short term holder prices
Quick Take Bitcoin’s 20% decline from its all-time high has raised concerns about the potential impact on the ongoing bull run. To better understand the current market conditions, we can analyze Bitcoin’s price against key moving averages, widely used technical indicators in the digital asset space. One of the most crucial moving averages is the 111-day …
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Polkadot’s canary network Kusama achieves milestone with first Agile Coretime sales
Kusama, Polkadot’s canary network, recently marked a significant milestone by selling its inaugural batch of Agile Coretime. Reports revealed that three cores were sold for a total of 70 KSM, worth approximately $1,980—each core was sold at an average price of 23.4 KSM, roughly $660. Coretime allows developers to buy up to 4 weeks or …
Fidelity Bitcoin ETF’s $191 million outflow surpasses Grayscale as BlackRock records first redemptions
Quick Take Farside data shows that on May 1, Bitcoin exchange-traded funds (ETFs) suffered a record $563.7 million outflow – the worst single-day performance since their inception. This massive capital exodus marked the sixth consecutive trading day of withdrawals, aligning with Bitcoin’s over 20% plunge from its all-time high. BlackRock’s IBIT saw its first redemption …
Arkansas governor to reportedly sign two bills regulating crypto mining activities
MicroStrategy decentralized identity solution leveraging Ordinals attracts criticism from core Bitcoin proponents Technology 7 hours ago MicroStrategy says its Orange solution would “deliver trustless, tamper-proof, and long-lived decentralized identities.” Go to Source
Babylon Chain aims to enhance Bitcoin’s utility through staking, reveals CEO
In the latest episode of the SlateCast, CryptoSlate welcomed David Tse, CEO and co-founder of Babylon Chain, to discuss the groundbreaking concept of Bitcoin staking and its potential to secure Web3. Joining David was Senior Editor Liam “Akiba” Wright and CryptoSlate CEO Nate Whitehill, who delved into the intricacies of this innovative protocol and its …
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Lightspark CEO Expects Bitcoin to Dominate AI-Related Monetary Transactions
David Marcus, the former president of Paypal and the current CEO of Lightspark, envisions bitcoin as the primary currency for artificial intelligence (AI) in the future. He describes bitcoin as “maximally neutral,” highlighting its advantages over conventional fiat currencies like the euro or the U.S. dollar. Bitcoin Poised to Become Default Currency for AI, Says …
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Fidelity Digital Assets Study: Bitcoin’s Volatility Declines as It Grows, Echoing Historical Asset Trends
A new study by Fidelity Digital Assets reveals that as bitcoin matures, its volatility is decreasing, making it less volatile than several S&P 500 stocks. “As the asset class matures and its total market cap grows, the inflow of capital is expected to have a smaller impact because it will be flowing into a larger …
Record Withdrawal From US Bitcoin ETFs Marks Largest Single-Day Outflow
On May 1, 2024, U.S. spot bitcoin ETFs experienced their most significant single-day outflows since their inception on Jan. 11, 2024. ETF Institute Co-Founder: ‘Inflows Don’t Go up in a Straight Line’ Data sourced from coinglass.com reveals that these funds saw a withdrawal of $563.7 million on Wednesday, with Fidelity’s FBTC experiencing the highest outflow, …
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