Day: October 11, 2024

Spot Bitcoin ETFs on three-day outflow streak, Ether ETFs rebound

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Spot Bitcoin exchange-traded funds in the U.S. witnessed their third consecutive day of outflows on Oct. 10, while spot Ethereum ETFs posted a modest but positive turnaround after a day of inactivity. According to data from SoSoValue, the 12 spot Bitcoin ETFs registered outflows totaling $120.76 million on Oct. 10, a notable jump from the previous day’s outflows of $40.56 million. Fidelity’s FBTC ETF led the wave of Bitcoin ETF outflows, with $149.5 million exiting the fund after a day of zero net flows. Other major funds followed suit, including…

Ethiopia Boosts Bitcoin Mining Power Allocation to 600 MW

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Ethiopia has rapidly expanded its electricity allocation to Bitcoin mining, making it one of the world’s fastest-growing markets for this activity. The country plans to further increase its capacity this year. Many of the miners are using mid-generation machines due to their low power consumption. Ethiopia to Expand Bitcoin Mining Power Allocation Ethiopia has reportedly […] Original

Feds seek 18 months for Wall Street rapper in Bitfinex-hack related $4.5b case

Heather Morgan, the Wall Street rapper known as “Razzlekhan,” could face 18 months in prison for helping her husband launder millions from the 2016 Bitfinex hack. U.S. prosecutors seek an 18-month prison sentence for Heather Morgan, the Wall Street rapper known as “Razzlekhan,” for her role in laundering Bitcoin (BTC) stolen in the 2016 Bitfinex hack. Morgan, who pleaded guilty last year to money-laundering conspiracy, provided “substantial assistance” to the government, according to a filing on Wednesday, Oct. 9, in Washington federal court. Morgan’s husband, Ilya Lichtenstein, orchestrated the theft…

Mt. Gox Delays Repayment Plan Until October 2025

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Este artículo también está disponible en español. In a development that could offer relief for Bitcoin (BTC) and the broader crypto ecosystem, Mt. Gox, the defunct cryptocurrency exchange that was hacked in 2014, has announced a significant delay in its repayment plan for affected creditors. Originally set for October 31, 2024, the new deadline for repayments has been pushed to October 31, 2025. Mt. Gox Trustee Announces New Repayment Timeline This delay is particularly notable given that the repayment of approximately 200,000 BTC to creditors could have exerted downward pressure…

Israeli Airstrikes on Beirut Kill At Least 22, Wound Dozens

BEIRUT — Israeli airstrikes on central Beirut on Thursday left two neighborhoods smoldering, killed 22 people and wounded dozens, Lebanon’s health ministry said, as well as further escalating Israel’s bloody conflict with Iran-backed Hezbollah militants in Lebanon. The air raid on central Beirut—the deadliest in over a year of war—apparently targeted two residential buildings in separate neighborhoods simultaneously, according to an AP photographer at the scene. It brought down one eight-story building and wiped out the lower floors of the other. The Israeli military said it was looking into the…

Solana (SOL) Could Regain Steam: Is a Fresh Rally Ahead?

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Solana tested the $135 support and recently corrected losses. SOL price is rising and might gain bullish momentum if it clears the $144 resistance. SOL price is attempting a fresh increase from the $135 zone against the US Dollar. The price is now trading below $145 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $139 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could gain bullish momentum if it breaks the $145 resistance…

Trump-Themed PoliFi Tokens Buck Bitcoin Downtrend as China Stimulus Hopes Return

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Elsewhere in China, the PBoC has begun to roll out a $70.6 billion fund called the Securities, Funds, and Insurance Companies Swap Facility, Caixin reported, which will allow financial institutions to pledge bonds, ETFs, and specific stock holdings to the PBoC in exchange for liquid assets like government bonds, which they can use to secure additional financing for stock purchases as a form of market stabilization. Original

XRP Price Teases Fresh Gains: Is a Strong Move Ahead?

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XRP price is moving higher from the $0.5220 support. The price could gain bullish momentum if it clears the $0.5360 and $0.5450 resistance levels. XRP price is slowly moving higher above the $0.5320 support. The price is now trading above $0.5340 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $0.5280 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.5360 and $0.5450 resistance levels. XRP Price Aims Higher…

A new token set to outshine ETH and SOL

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As wallets activate for seasonal buying, a whale bets big on DTX Exchange, a top contender among altcoins like ETH and SOL. It is that time of the year when inactive wallets go on a buying spree and retailers return to the crypto scene. The seasonal rally is in motion and a crypto whale is betting big on DTX Exchange (DTX), a new exchange-based token, ahead of top altcoins…