Day: December 4, 2024

Spot Bitcoin ETF inflows surge 90%, closing in on Satoshi Nakamoto’s BTC holdings

boss

Inflows into U.S. spot Bitcoin ETFs surged by over 90% on Dec. 3 compared to the previous day, bringing their total holdings closer to matching the Bitcoin stash attributed to founder Satoshi Nakamoto. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $675.97 million inflows on Tuesday, nearly doubling the $353.67 million seen the previous day. These investment vehicles have now enjoyed four consecutive days of net inflows, totaling over $1.45 billion within that span. BlackRock’s IBIT led the pack for the third consecutive day, with $693.25 million…

DCG Confirms Reports Foundry Layoffs, Says its 16% of U.S. Employees

Digital Currency Group (DCG) owned mining pool Foundry has laid off 16% of its U.S.-based employees and a “small team in India.” “We are continuously refining our strategy to ensure long-term success and growth in a dynamic market. We recently made the strategic decision to focus Foundry on our core business – operating the #1 Bitcoin mining pool in the world and growing our site operations business – while we supported the development of DCG’s newest subsidiaries, including Yuma and the spinout of Foundry’s successful self-mining business,” a DCG spokesperson…

Will BTC Gain From Supply Crunch?

boss

Este artículo también está disponible en español. According to data from CryptoQuant, Bitcoin (BTC) reserves on cryptocurrency exchanges have dropped to a multi-year low. This decline coincides with the ongoing bull market, which has pushed the digital asset’s price closer to the $100,000 mark. This significant decline could have major implications for the asset’s supply-demand dynamics. Investor Confidence Increasing In Bitcoin? During a bull market, Bitcoin reserves on exchanges increase as long-term holders (LTH) and short-term holders (STH) transfer their holdings to trading platforms to take profits. However, the current…

Vitalik Buterin Unveils Crypto Wallet Wish List

The Ethereum inventor emphasized potential privacy and security enhancements in a recently published blog post. Coinbase and Uniswap on Board With Vitalik’s Suggestions for Improving Wallet Technology Vitalik Buterin published a 4,000-word blog post on Tuesday urging developers to prioritize wallet privacy and security. The 30-year-old creator of Ethereum underscored the importance of wallets as […] Source CryptoX Portal

Political Turmoil In South Korea Impacts Bitcoin Prices As Market Eyes Trump’s Policies

boss

Este artículo también está disponible en español. Despite a notable pause in its upward trend, Bitcoin (BTC) is approaching the landmark $100,000 mark, fueled by expectations of supportive policies for the sector from US President-elect Donald Trump. On Tuesday, the largest digital asset traded above the key $95,000 mark, acting as support for the past 24 hours. This reflects a remarkable surge of over 40% since Trump’s election victory on November 5. Could A National BTC Reserve Become Reality?  Trump’s administration is expected to reverse the Biden administration’s stringent regulations…

Hive to Expand Bitcoin Mining Power With $60M Purchase

boss

The investment is expected to help the firm top $300 million in revenue and produce 2% of the Bitcoin network’s total hashrate. Competition Among Miners Intensifies as Bitcoin Inches Towards $100K Canadian-based Bitcoin mining firm Hive Digital Technologies (Nasdaq: HIVE) has purchased 13,480 mining units from Chinese-based manufacturer Bitmain with an option to purchase 13,480 […] Original

Solana (SOL) Back on Track: Is The Uptrend Here to Stay?

boss

Solana started a fresh increase from the $215 zone. SOL price is rising and might aim for a move above the $240 and $250 resistance levels. SOL price started a fresh increase after it settled above the $222 level against the US Dollar. The price is now trading above $230 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $232 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if…

Crypto Scam Collapses: Icomtech Founders Sentenced for Ponzi Scheme Fraud

David Brend and Gustavo Rodriguez, key figures in the cryptocurrency Ponzi scheme Icomtech, have been sentenced to 10 and eight years in prison, respectively, for defrauding thousands of investors. Icomtech falsely marketed itself as a crypto trading and mining company, promising guaranteed daily returns. Victims, lured by flashy events and promises of wealth, invested through […] Source CryptoX Portal

XRP, Bitcoin See Lack Of Euphoria: Why This Is Bullish

boss

Data shows social media users aren’t euphoric towards Bitcoin, XRP, and other top cryptocurrencies despite the market-wide surge, a sign that could be bullish for their prices. Positive Sentiment Vs. Negative Sentiment Ratio Remains Low For Top Coins According to data from the on-chain analytics firm Santiment, sentiment around digital assets has been low recently, even for the coins that have enjoyed historic runs. The indicator of relevance here is the “Positive Sentiment Vs. Negative Sentiment Ratio,” which, as its name suggests, tells us about how the positive and negative…

Rising Exchange Inflows Hint at Market’s Next Big Move

boss

Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…