Day: July 16, 2024

Bitcoin surges past $64,000 as $300m flows into Bitcoin ETFs

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Bitcoin’s price surged past $64,000 on 15 July, following a substantial inflow of $301 million into the eleven spot Bitcoin exchange-traded funds (ETFs) in the U.S., marking the seventh consecutive day of positive inflows for these funds. BlackRock’s IBIT, Ark Invest, and 21Shares’ ARKB led the inflows, each recording $117.2 million. BlackRock’s IBIT also emerged as the most traded Bitcoin ETF on Monday, with a trading volume of $1.24 billion. Bitcoin ETF Flow (US$ million) – 2024-07-15 TOTAL NET FLOW: 300.9(Provisional data) IBIT: 117.2FBTC: 36.1BITB: 15.2ARKB: 117.2BTCO: 7.9EZBC: 3.7BRRR: 0HODL:…

Bitcoin prepares for surge as GFOX readies for major growth

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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 crypto market is buzzing with Bitcoin’s potential surge and the promising rise of Galaxy Fox (GFOX), the leading ICO in the memecoin space. As the cryptocurrency market evolves in 2024, two compelling narratives are capturing the attention of investors: Bitcoin’s (BTC) anticipated price surge to $180,000 and the potential meteoric rise of Galaxy Fox (GFOX), the best upcoming ICO. This article delves into these projections, exploring the factors…

Whale Makes $8M With TRUMP Memecoin As PolitiFi Tokens Soar

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The Trump-inspired tokens surged around 40% following Donald Trump’s assassination attempt. As a result, PolitiFi tokens closed the week, outperforming most categories in the industry. The remarkable performance earned some crypto whales millions in profits from the MAGA (TRUMP) memecoin. Related Reading Crypto Whale Profits From TRUMP Memecoin On Sunday, on-chain tracking platform Lookonchain reported that a crypto whale had made millions from a Trump-inspired memecoin. An address deposited all their TRUMP holdings to the crypto exchange BTSE. Per the report, the whale bought 1.08 million TRUMP between November 22…

Tokyo-Based Metaplanet Adds Almost 22 More Bitcoin to Its Treasury

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Metaplanet, a Tokyo-based public company, has revealed that it has acquired more bitcoin for its treasury holdings. According to disclosure statements, Metaplanet acquired 21.877 bitcoin, spending about $1.26 million (200 million Japanese yen) for this purpose. Now, Metaplanet holds 225.61 bitcoin, having paid a little over $14.17 million for the cryptocurrency acquired. In May, the […] Original

Bitcoin (BTC) Prices Dips Below $63K As Mt. Gox Moves $2.8B in BTC

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Bitcoin Dominates as Crypto Funds Attract $1.44 Billion in Fresh Capital, Rally To Begin?

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Following Bitcoin’s gradual rebound seen last week, the global crypto investment products also appear to have witnessed a notable influx of funds, with a substantial $1.44 billion pouring in over the same period. According to CoinShares, a leading crypto asset management firm, this surge has pushed the year-to-date total to top roughly $17.8 billion, highlighting a growing confidence among investors despite recent market downturns. Related Reading Surge In Crypto Fund Inflows According to the insight shared by CoinShares in its latest report, last week’s activity marked one of the largest…

Metaplanet bolsters Bitcoin reserves with another purchase of 21.8 BTC

Japanese public company Metaplanet keeps buying Bitcoin for its “strategic treasury reserve asset.” Japanese investment firm Metaplanet Inc., based in Tokyo, has spent an additional $1.26 million to buy more Bitcoin (BTC), increasing its holdings beyond 200 BTC as the largest cryptocurrency by market capitalization soared above $63,000. In a regulatory filing, Metaplanet disclosed the acquisition of 21.877 BTC for ¥200 million yen (approximately $1.259 million), averaging $57,623 per BTC. The latest purchase raises the firm’s total Bitcoin reserves in its “strategic treasury reserve” to over 225.6 BTC. The purchase…

Tech Billionaire Michael Dell Calls Bitcoin Fascinating

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Michael Dell, the founder and CEO of Dell Technologies, has expressed his fascination with Bitcoin on social media. Dell, who has a net worth of approximately $108 billion, shared a recent video of Blackrock CEO Larry Fink discussing bitcoin on CNBC. This move is significant as Dell’s endorsement could influence the tech and finance industries’ […] Original

Australian Court Convicts Bitconnect Promoter for Providing Unlicensed Advice

John Bigatton, the Australian promoter of Bitconnect, has been convicted by the Sydney District Court for providing unlicensed financial advice, violating section 911B(1) of the Corporations Act 2001, the Australian Securities and Investments Commission (ASIC) announced Monday. Between August 2017 and January 2018, Bigatton promoted Bitconnect through seminars and social media, claiming significant returns on […] Source CryptoX Portal