On Monday, Bloomberg spotlighted Blackrock’s Ishares Bitcoin Trust, or IBIT, as the “greatest launch” in exchange-traded fund (ETF) history. Bitcoin Takes Center Stage as Blackrock’s IBIT Breaks Records Blackrock, the world’s largest asset manager, reached an all-time peak of $11.5 trillion in assets under management by the end of Q3 2024, thanks to significant net …
Monthly archives: December 2024
All the Major Bitcoin Price Predictions Since Trump’s Election
Donald Trump clinched the presidential nomination in November, creating a frenzy of bitcoin price predictions that range from a modest $130,000 to a mind-bending $49 million per coin. Top Minds Predict Bitcoin’s Price Trajectory A black swan event is an occurrence so rare and unpredictable that no one sees it coming, yet its impact is …
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Weekly Inflows and Outflows Show Contrasting Fortunes for BTC and ETH ETFs
Ethereum ETFs closed the week strong with inflows above $300 million while bitcoin ETFs saw outflows of close to $400 million. Last Week of 2024 Sees Outflows for Bitcoin ETFs and Inflows for Ethereum ETFs Bitcoin and ethereum exchange-traded funds (ETFs) experienced mixed fortunes in the final week of 2024. According to Sosovalue‘s weekly inflow/outflow …
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Microstrategy’s Crypto Fortune Grows, Yet Stock Plummets 36% From All-Time High
Microstrategy may have scooped up 2,138 BTC recently, but its stock price has been anything but steady. The company’s shares are now trading more than 36% below their record high. Microstrategy Doubles Down on Bitcoin, but Can It Weather a 36% Stock Drop? Since adopting its bitcoin (BTC) strategy in 2020, Microstrategy, led by founder …
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Blockchain Bandit moves $172M ETH after 2 years of dormancy: ZachXBT
The notorious hacker accumulated 51,000 Ether mostly by guessing weak private keys from 2016 to 2018.
Analyst Who Nailed Bitcoin Pre-Halving Pullback Warns BTC Showing Signs of Incoming Multi-Week Correction
A crypto strategist known for accurately calling Bitcoin’s retracement earlier this year warns that BTC is flashing signals that could lead to an extended corrective period. Pseudonymous analyst Rekt Capital tells his 524,500 followers on the social media platform X that BTC shattered two support levels on the weekly chart, suggesting that its short-term uptrend …
Here’s How Bitcoin Could Potentially Witness a Price Pump, According to Glassnode Co-Founders
The co-founders of the blockchain analysis platform Glassnode are laying out how Bitcoin (BTC) can reclaim six figures and more. Glassnode and Swissblock co-founders Jan Happel and Yann Alleman, who share the social media handle Negentropic, start by comparing BTC’s current situation to a similar scenario from a few years back. “Let’s look at the …
Former CEO of Crypto Exchange Bithumb Sentenced to Two Years in Prison: Report
Former Bithumb CEO Lee Sang-jun has reportedly been sentenced to prison after being found guilty of receiving cash and gifts to engage in a fraudulent token listing scheme. Local Korean news outlet The Hankyoreh reports that the Seoul Southern District Court has sentenced the 55-year-old to two years behind bars and ordered him to pay …
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Under-the-Radar AI Agent Defies Crypto Market Downturn Amid Plans for Major Tokenomic Upgrades
An under-the-radar project focused on artificial intelligence (AI) is defying the crypto market downturn as tokenomic upgrade plans begin to take shape. The utility token for the AI agent project ai16z (AI16Z) is trading for $1.52 at time of writing, up 23.7% in the past 24 hours. With a market cap of $1.65 billion, the …
Blockchain Association Files Suit To Challenge IRS and Treasury Department’s DeFi Broker ‘Midnight’ Rulemaking
A prominent nonprofit crypto advocacy group is filing a lawsuit to dispute new reporting rules for decentralized finance (DeFi) brokers. In a new press release, the Blockchain Association says the “midnight” decision by the Internal Revenue Service (IRS) and the Treasury Department to force DeFi protocols to follow the same reporting rules as securities brokers …
IRS Introduces DeFi Tax Rules as Crypto Industry Fights Back
The controversial new rules could burden DeFi front-end operators but could also simplify individual tax returns. The U.S. Treasury and IRS finalized rules on Dec. 27 that will require decentralized finance (DeFi) services to report new data related to crypto activity. DeFi brokers, defined by the Treasury as front-end service providers that interact directly with …
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Tether boosts Bitcoin reserves amid EU MiCA’s regulatory tension
USDT stablecoin issuer Tether has expanded its Bitcoin holdings by acquiring 7,629 BTC valued at roughly $705 million, according to on-chain data from Arkham Intelligence. The purchase elevates Tether’s Bitcoin holdings to 82,983 BTC, worth approximately $7.68 billion as of press time. The firm now ranks as the sixth-largest Bitcoin holder globally, based on Bitinfocharts …
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Bitcoin’s stored value hits $1.03 trillion, up 85% since January
Bitcoin’s actual stored value has been estimated at $1.03 trillion, far below its $2 trillion market cap, according to CryptoQuant CEO Ki Young Ju. Ju stated that this figure represents an 85% increase from the beginning of 2024, showcasing growing investor confidence in the crypto as a Store of Value. Graph showing Bitcoin’s Store Of …
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Lightchain AI Raises $7M in 30 Days of Presale Testnet Launch Set for This Month
PRESS RELEASE. Lightchain Protocol AI (Lightchain AI), the cutting-edge blockchain platform bridging artificial intelligence and blockchain, has reached an impressive milestone. In just 30 days, the company has raised over $7 million in its presale of the Lightchain Token (LCAI), making it one of the top crypto presales currently active. Now in Stage 10 of …
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Swaroop Hegde discusses Powerloom’s mission to reshape data integrity in blockchain
Swaroop Hegde, CEO and Co-Founder of Powerloom, joined CryptoSlate’s Editor-in-Chief, Liam “Akiba” Wright, and CEO Nate Whitehill on The SlateCast to discuss the future of decentralized data layers. Backed by notable names like Blockchain Capital and Filecoin, Powerloom is setting a new standard for composable and decentralized data solutions, reshaping how users interact with on-chain …