Day: March 25, 2024

Why the Media Is Seemingly Less Interested in Bitcoin Than Ever

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The pandemic rally, in 2021, when crypto mania truly set in, inextricably tied up with the retail investor revolution, WallStreetBets and GameStop, stonks, non-fungible tokens (NFTs) and memes. Investing became a public social activity for the very-online. Then another crash. And now the current rally, in which bitcoin has soared above $72,000, driven by the approval of spot bitcoin exchange-traded funds (ETF) and institutional adoption from big suits like BlackRock and Fidelity. Of course, with crypto it’s never just one thing driving it, and the current rally is not just…

FTX to Sell Anthropic Shares Following AI Boom

According to Friday court filings, the top buyer is ATIC Third International Investment Company, a tech investment company wholly owned by the government of Abu Dhabi’s sovereign wealth fund, Mubadala. ATIC has agreed to purchase 16,664,167 shares of Anthropic from FTX for $500 million. Source

Record $1B Exited Crypto Funds Last Week: CoinShares

“We believe the recent price correction led to hesitancy from investors, leading to much lower inflows into new ETF issuers in the U.S., which saw $1.1 billion inflows,” said CoinShares. “Partially offsetting incumbent Grayscale’s significant $2 billion outflows last week.” Source

SFC Warns against Fraudulent Crypto Exchanges in Hong Kong

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The Securities and Futures Commission of Hong Kong (SFC) has sounded the alarm against two dubious trading platforms, HKCEXP and EDY, today (Monday). In an official statement released on its website, the SFC cautioned investors about engaging with these platforms, citing suspicions of fraudulent activities. According to the SFC, EDY is purported to be a virtual asset trading platform, falsely claiming affiliation with a financial institution in Hong Kong and a digital token system developed by another financial institution. However, investigations have revealed no such associations exist. Moreover, investors have…

Bitcoin Whales Remove A Staggering $2.3 Billion From Exchanges, Is It Time To Buy?

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Bitcoin whales have been very active in the past few days as the crypto continues to trade below $68,000. Notably, on-chain data has shown a trend of accumulation among Bitcoin whales, with large bouts of the cryptocurrency leaving crypto exchanges into private wallets.  These massive transfers appear to have piqued the interest of a few investors who are keeping a watchful eye, as this accumulation pattern points to a price increase up ahead.  According to various posts by whale transaction tracker Whale Alerts, Bitcoin whales have recently transferred $2.3 billion…

A Sign of Potential SHIBA INU and PEPE COIN-like Success? – Blockchain News, Opinion, TV and Jobs

By Enoch Mutembei The cryptocurrency market has recently been beaming with a bullish trend and BEFE, among Pepe coin and Shiba Inu has not been left behind. These cryptos are currently on a bull run and have investors on their toes wondering whether they have missed the meteoric ship.  BEFE, is a meme coin inspired by the Pepe coin’s Frog meme. This crypto made its debut to the market in November 2023 and follows in the footsteps of SHIBA INU and PEPE coin. Here, we will explore BEFE coin’s upward…

Blackrock says bitcoin will be a good portfolio diversifier despite its recent rally with stocks

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Bitcoin is more like digital gold than a so-called “risk-on” asset, according to Robert Mitchnick, BlackRock’s digital assets lead. For years, bitcoin’s ability to behave in different ways at different times has stumped investors . They believed the idea that it might be a hedge against inflation only to see the cryptocurrency tumble with stocks in 2022 amid sky high inflation and rate hikes – and then rally again as signs of cooling began to show. BlackRock’s Mitchnick, speaking at the Bitcoin Investor Day conference in New York City Friday,…