The U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day of net inflows on Thursday, marking five consecutive trading days of positive movement. The ETFs accumulated $78.93 million, with Blackrock’s IBIT leading by bringing in $72.09 million. U.S. Bitcoin ETFs Record Fifth Consecutive Day of Inflows Among the 11 spot bitcoin ETFs trading in the […] Original
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The IOTA Foundation’s ‘Beyond the Chain’ workshop, held on May 31, 2024, at Trinity College Dublin, provided a comprehensive look at how Directed Acyclic Graph (DAG) technology can address the inherent limitations of traditional blockchains, according to the IOTA Foundation Blog. Insights from the Workshop The workshop was part of the IEEE International Conference on Blockchain and Cryptocurrency, which ran from May 27 to May 31, 2024. The event featured contributions from several IOTA Foundation members and attracted a significant audience despite being held on…
Crypto mining giant Northern Data is forecasting its revenue to triple in 2024 as the company doubles down on high-performance computing (HPC) solutions. Northern Data Group, a German-listed Bitcoin mining company, estimates its sales to soar this year up to €240 million, tripling its 2023’s results as the company is betting big on high-performance computing (HPC) solutions for artificial intelligence (AI). In its audited 2023 financial results shared with crypto.news, the Frankfurt-headquartered company reported revenue of €77.5 million, surpassing market guidance of €65 million to €75 million. The company noted…
Bitcoin price is outperforming popular leveraged ETFs, which have become increasingly popular among investors. Leveraged Bitcoin ETFs inflow is rising Leveraged Bitcoin ETFs like the 2x Bitcoin Strategy ETF (BITX) and the ProShares Ultra Bitcoin ETF (BITU) are seeing inflows this year. Data by ETF.com shows that the BITX ETF has added assets in all months this year. As a result, its total assets under management have risen to over $1.39 billion. BITU, launched in April, has already added $266 million in assets, indicating strong demand among investors. This week,…
The CoinDesk 20 index saw a slight drop with XRP and ADA recording positive movements. Source
“Based on the information we have as of this date, we do not intend to recommend an enforcement action by the Commission against Hiro Systems PBC, formerly known as Blockstack PBC,” the SEC’s division of enforcement said in a letter to Hiro attached to the Friday filing. Original
According to data from the past 40 days, the San Francisco crypto exchange and custody service Coinbase has experienced withdrawals totaling 12,585 BTC since June 1. Meanwhile, Binance has reported inflows of approximately 30,082 BTC during the same period. Despite these shifts, centralized exchanges have seen 70,966 BTC, valued at $4 billion, withdrawn over the […] Original
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“Bitcoin is back at $57K after a failed assault on $60K on Thursday,” shared Alex Kuptsikevich, FxPro senior market analyst, in an email to CoinDesk. “German authorities are actively selling off previously confiscated Bitcoins. This volume is not huge, but some potential buyers prefer to stay on the sidelines, seeing the overhang of sales.” Source