Grayscale Investments’ GBTC has seen its first day of inflows, following over $17.5 billion in outflows since the launch of Bitcoin ETFs in January. Grayscale Investments has achieve its first day of net positive inflows for the Grayscale Bitcoin Trust (GBTC). This comes after nearly four months of continuous outflows since its conversion to a…
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Memes might be the “most simplistic connection” between financialization, tokenization and culture, says Kain Warwick. Memecoin trading can be hugely valuable to decentralized exchanges (DEXs) as it can attract flows from a mass of non-traditional DeFi traders, says Synthetix founder Kain Warwick. “There’s an argument that memecoins are pure speculation, in my view speculation is…
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Block, Inc. co-founder Jack Dorsey told shareholders its Bitcoin-buying plan, saying its an “investment in a future where economic empowerment is the norm.” Twitter co-founder Jack Dorsey said his fintech firm Block, Inc. will flip 10% of its gross profit made off its Bitcoin products into buying Bitcoin every month. “Going forward, each month we will…
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Bitcoin’s current price action is “hardly a surprise,” given the extraordinary bullish action leading up to the fourth halving. Bitcoin price has sharply declined over the past few days, which might have triggered some concerns from those who thought it would surge after its fourth halving. The price of Bitcoin has dropped 11% since the halving, which occurred…
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MicroStrategy has already built an application on “MicroStrategy Orange” — Orange For Outlook — which integrates digital signatures into emails to verify the identity of the sender. MicroStrategy, the largest corporate holder of Bitcoin , has announced it will launch a decentralized identity solution on the Bitcoin network that uses Ordinal-based inscriptions to store and retrieve…
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U.S. prosecutors are reportedly investigating the fintech firm after a whistleblower claimed it processed thousands of transactions for users from sanctioned countries and terrorist groups. United States federal prosecutors are reportedly probing Jack Dorsey’s fintech company Block, Inc. after a whistleblower surfaced documents alleging ongoing and widespread compliance violations at the firm’s payment arms Square…
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Bitcoin short-term holders are currently holding a 3% unrealized loss but it “isn’t the end of the world,” according to a crypto analyst. Bitcoin is now trading below the average purchase price paid by short-term holders, potentially causing “panic” due to unrealized losses, according to an on-chain analyst. “These recent buyers are statistically the most…
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Jay Ricky Villarante, the CEO of Moneybees, said that the decision to ban Binance reflects the importance of regulatory compliance and oversight in the industry. With Binance ousted from the Philippines, traders based in the country now have to deal with higher trading fees and fewer crypto tokens to choose from, according to an executive…
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Veteran trader Peter Brandt sparked debate after suggesting BTC may have already hit its peak this cycle, but even he didn’t put much stock in the theory. There’s a very slight chance that Bitcoin has already reached its peak this cycle at the $70,000 mark, according to the “exponential decay” pattern floated by veteran trader…
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Changpeng Zhao, the former CEO of crypto exchange Binance, has been sentenced to four months in prison. Ahead of his sentencing on April 30, Changpeng Zhao, the former CEO of Binance, made a heartfelt plea for forgiveness and a second chance. In a letter submitted to the court on April 24, Zhao expressed profound regret for his actions, acknowledging…
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