Bitcoin faces its “biggest headwind” in the form of GBTC outflows, but the good times could be back for BTC price action after next week, predictions say. Bitcoin could already be seeing “momentum turning” as institutional BTC outflows recede. The latest data from sources, including United Kingdom-based investment firm Farside shows the Grayscale Bitcoin Trust (GBTC) losing just…
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BlackRock’s spot Bitcoin ETF could soon surpass the Grayscale Bitcoin Trust (GBTC) in Bitcoin held within 14 trading days, based on current rates. The amount of Bitcoin in BlackRock’s spot Bitcoin ETF could overtake crypto asset manager Grayscale’s GBTC within the next three weeks, assuming no drastic changes in current flows. As of March 22,…
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Floki hopes to expand beyond memecoin status by introducing debit cards, digital accounts and educational platforms for users. The team behind the dog-themed memecoin Floki Inu (FLOKI) has unveiled its roadmap for 2024, revealing several upcoming features and utility-focused initiatives. The plans include regulated digital banking accounts, enabling users to create and fund bank accounts…
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Young Ju noted that new BTC whales have an on-chain cost basis of around $56,000 and expects substantial capital influxes into the spot Bitcoin ETF market if BTC dips to this price level. CryptoQuant CEO Ki Young Ju has predicted a resurgence in the spot Bitcoin exchange-traded fund (ETF) market if the price of BTC…
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The recent Anti-Money Laundering legislation imposes certain limits for cash transactions and anonymous cryptocurrency payments. A majority of the European Parliament’s lead committees have approved a ban on cryptocurrency transactions of any value made through hosted crypto wallets. This comes amid the European Council and parliament provisionally agreeing to expand parts of the European Union’s Anti-Money Laundering…
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Bitcoin price is down today as a swift reversal in market sentiment triggered a wave of liquidations. Bitcoin price dropped to an intra-day low at$62,570 on March 22, less before the much-awaited Bitcoin halving event. The bullish momentum that propelled BTC toward a new all-time high of $73,835 on March 14 seems to be waning as the price…
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The attorney cited Irinia Dilkinska’s role as a “loving wife and mother,” claiming time served was an appropriate sentence for her role in the OneCoin scheme. An attorney representing Irinia Dilkinska, who worked as “head of legal and compliance” for OneCoin, requested she be given time served for her role in the crypto scheme. In…
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In 2008, at the height of the global financial crisis, an anonymous figure named Satoshi Nakamoto proposed Bitcoin, a groundbreaking electronic cash system. Welcome to the History of Crypto, a Cointelegraph series that brings readers back in time to the most significant events in the crypto space. Powered by Phemex, the timeline allows crypto community…
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Key Points: JPMorgan believes that the Bitcoin price retreat will continue as long as the risks persist. Outflows from 10-spot Bitcoin ETFs have reached a peak since their inception. Despite recent record highs, retail trader enthusiasm for Bitcoin appears to be waning. Bitcoin, the world’s largest cryptocurrency, has seen a significant pullback, declining over 10%…
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The National Agency for Prospective Projects anticipates the revenue generated from the sector to double once the new structure is in place. Uzbekistan’s National Agency for Prospective Projects (NAPP) has issued a new directive to increase the monthly fees for crypto market participants in the country. The mandate was given on Tuesday, March 19, 2024.…
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