Day: October 26, 2024

Emory University Holds $15.1M in Grayscale Bitcoin Mini Trust

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Emory University, a private research institution in Atlanta, has reported $15.1 million worth of holdings in Grayscale Bitcoin Mini Trust. This unusual move for a higher education institution was revealed in an Oct. 25 filing with the U.S. Securities and Exchange Commission. According to the SEC filing, Emory University holds nearly 2.7 million shares of the Grayscale Bitcoin Mini Trust. The tentative value of the holdings came around at approximately $15.1 million. This investment represents a major commitment to cryptocurrency exposure from an academic institution. This move also sets it…

Lightspark Announces UMA Auth, UMA Request, Updates to Extend and Spark at Lightspark Sync

LOS ANGELES, Oct. 25, 2024 /PRNewswire/ — Yesterday, in Los Angeles, Lightspark hosted its first Partner Summit—Lightspark Sync. Lightspark announced: Two new foundational capabilities for UMA – UMA Auth and UMA Request One Lightspark product update – Lightspark Extend for UMA Spark: A new open-source Bitcoin Layer 2, Lightning-compatible solution for stablecoins and self-custodial wallets Lightspark is building the fastest global open payment network on Bitcoin. Their products simplify, streamline, and modernize the flow of global payments, whether using fiat currencies, stablecoins, or bitcoin. Exciting updates for the Universal Money…

Bitcoin Exchange Whale Ratio Hits New High Since 2022 — Impact On Price?

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Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…

Bitcoin ETF inflows surpass $3b, demand hits 6-month high

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October marked a strong month for U.S. spot Bitcoin ETFs, with over $3 billion in net inflows as demand reached its highest level in six months. Over the past week, inflows into the 12 spot Bitcoin (BTC) exchange-traded funds pproached $1 billion, with four days of positive flows recorded during this period. The majority of these inflows originated from BlackRock’s IBIT, the largest ETF by net assets, which is nearing $24 billion in total inflows since its launch. Despite strong inflows in the past week, the prior week proved even…

SUI In Bear Territory: RSI Drop Suggests Further Downside Risk

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As SUI dips further into bearish territory, technical indicators are increasingly signaling a challenging path ahead. A key measure, the Relative Strength Index (RSI), has turned negative, suggesting that selling pressure is mounting and that more downside may be on the horizon. With SUI navigating this bearish shift, market participants are keeping a close eye on potential support levels, wondering if the asset can stabilize or if sellers will continue to drive prices lower. This analysis explores SUI’s recent entry into bearish territory, examining the implications of the RSI’s downward…

Bitcoin To See ‘One Last Shakeout’ Soon

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Este artículo también está disponible en español. Bitcoin (BTC) has recorded a remarkable surge in the past 14 days, nearing the $70,000 mark earlier this week. However, some market watchers shared their worries about the recent retraces, suggesting the cryptocurrency could face another correction ahead of the US Presidential election. Related Reading Bitcoin To Face Another Shakeout Soon This ‘Uptober,’ Bitcoin has recorded a 12% surge from its opening price, jumping from the $60,000 support level and reclaiming key resistance zones. In the last two weeks, BTC recovered 14% from…

Cardano Teams with BitcoinOS to tap BTC’s $1.4T market; investors back Toncoin and this new hybrid token

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 bullish as Bitcoin nears a peak. Cardano partners with BitcoinOS to unlock BTC’s $1.4T market, while investors also back the new hybrid altcoin DTX. The crypto market has moved into a bullish timeframe, with Bitcoin’s (BTC) rally to a new peak just a matter of time. Amid this, Cardano (ADA) partners with BitcoinOS, a smart contract platform for Bitcoin. Set to unlock BTC’s $1.4 trillion…