Month: February 2024

A Bitcoin ETF Will Never Be Your Bitcoin

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Second, I believe that Bitcoin ETFs are bound to serve as gateways to crypto’s promised land of self-custody, just as centralized exchanges did over the past years. A virtuous cycle might actually unfold where millions of people get ETF exposure to Bitcoin, learn the benefits of digital ownership, and ultimately opt for true self-sovereignty. Interestingly, from 2004, the approval of the first gold ETFs didn’t hinder gold’s private ownership either; instead, it popularized it. Original

Marathon Digital pays Hut 8 $13.5m to run two Bitcoin mining sites

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Marathon Digital has finalized a deal with Hut 8 to take over the operational control of Bitcoin mining sites by paying a termination fee of $13.5 million. Marathon’s control of the mining sites in Granbury, Texas, and Kearney, Neb., slated for completion by April 30, follows Marathon’s Jan. 16 acquisition of the sites for $178.6 million. Hut 8 has managed operations under a contract inherited from a previous merger, valued at $1.2 million per month. The transition aims to enhance Marathon’s operational efficiency and cost-effectiveness in Bitcoin (BTC) mining at…

Ripple Locks Away 800 Million XRP In Escrow, Impact On Price?

Ripple Labs, a leading American-based payment firm has locked away a substantial amount of XRP tokens in its escrow wallet as part of its monthly unlock program to help bolster its ecosystem and XRP. Ripple Takes Back 800 Million XRP  A recent report from on-chain tracker Whale Alert revealed that Ripple took back about 800 million XRP tokens. This is no surprise, as the stated transaction has been a recurring outcome by the payment firm. The payment firm locked the aforementioned funds after its monthly 1 billion XRP release, which…

BONK hold er explores Kelexo presale; German authorities seize Bitcoin

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The ongoing Kelexo presale, where KLXO is available for $0.022, is attracting BONK holders. Kelexo is committed to transparency and is secure.  Bonk hurdles BONK is under pressure, falling 8% in the last 24 hours to $0.00001097.  The uptrend was capped at $0.0000125, forcing prices lower.  Technical indicators show that BONK is consolidating when writing but may recover, rallying to $0.00001927. German authorities seize Bitcoin  German authorities recently seized $2.17 billion…

Bitcoin ETF sees net inflow of $38.4 million, BlackRock outpaces Grayscale

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Bitcoin ETFs experienced a net inflow of $38.4 million on Feb. 1, marking the fifth consecutive day of such inflows.  Grayscale’s Bitcoin Trust ETF (GBTC) also saw a significant net outflow of $182 million. In contrast, the collective net inflow for the remaining nine ETFs in the sector, excluding Grayscale, amounted to $220 million. BlackRock’s iShares Bitcoin Trust (IBIT) outperformed Grayscale Investments’ GBTC in trading volume. This event marks a first for BlackRock since the introduction of spot Bitcoin ETFs in the U.S. on Jan. 11. During the first three…

US DoJ brings charges in BTC-e exchange case

The U.S. Department of Justice has published an indictment in the case of the Russian-rooted crypto exchange BTC-e. According to the official statement, the main defendant is Belarusian Aliaksandr Klimenka, who managed the collapse of the cryptocurrency exchange from 2011 to July 2017, together with Russian Alexander Vinnik. Klimenka is charged with “conspiracy to launder money” and “running a business providing financial services without a license.” The estimated volume of laundered funds is estimated at $4 billion. Klimenka, as the American justice believes, conducted “extensive business” in the United States…

Valkyrie Adds BitGo as Second Custodian For Bitcoin ETF (BRRR) in Risk Mitigation Move

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XRP Records Highest Single Day Whale Accumulation Since Ripple’s Partial Victory Over SEC

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Market intelligence platform Santiment recently revealed how XRP whales look to be going all in on XRP following significant purchases of the crypto token. Notably, these buys are said to be the most since Ripple’s partial victory over the Securities and Exchange Commission (SEC).  XRP Records 217 Whale Transactions Santiment stated in an X (formerly Twitter) post the XRP Ledger processed 217 ‘$1 million whale transactions’ on the network on January 31. This happens to be the most transactions of such magnitude recorded in a single day since Judge Analisa…

Solana Holds Top Spot in DEX Trading Volume Rankings amid Hayes Projection

CoinspeakerSolana Holds Top Spot in DEX Trading Volume Rankings amid Hayes Projection Solana (SOL) has surpassed Ethereum (ETH) in 24-hour DEX volume. This development coincides with the prediction from BitMEX co-founder Arthur Hayes, who foresees a rally in Solana following the crisis in New York Community Bank (NYCB). Deep Dive on Solana’s Meteoric Price Trajectory As reported by DefiLlama, SOL seized the spotlight by outpacing ETH in the 24-hour decentralized exchange (DEX) volume. Solana is still the number 1 ecosystem by DEX volume📈 pic.twitter.com/Y6MtGHYQnY — Crypto Crib (@Crypto_Crib_) February 2,…