Day: December 10, 2024

ETFs holding bitcoin are now the crypto’s largest holders, surpassing creator Satoshi Nakamoto

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Bitcoin exchange traded funds are now the largest holders of the flagship cryptocurrency. The 12 spot bitcoin ETFs in existence have collectively passed $100 billion in assets under management, one of the most successful ETF launches in history. The funds now own slightly more than 1.1 million bitcoin , equivalent to about 5% of all the bitcoin in existence. BTC.CM= YTD mountain Bitcoin in 2024 Collectively, bitcoin ETFs now own more of the cryptocurrency than legendary pseudonymous founder Satoshi Nakamoto, who is believed to control as much as 1.1 million…

Bitcoin, Ethereum whales likely to trigger retail FOMO ahead of macro events

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Bitcoin and Ethereum whales are looking to capitalize on the market-wide downturn as the leading assets are trading at a discount. Bitcoin (BTC) fell 1.4% in the past 24 hours and is trading at $97,300 at the time of writing. The flagship cryptocurrency touched an all-time high of $103,700 last week.  Ethereum (ETH) dropped 3.3% and is currently changing hands at $3,750 — the leading altcoin broke the $4,000 mark on Dec. 6 for the first time in nine months. As both of the leading assets witnessed price drops, whales…

Crypto Market Sees $1.7 Billion Wipeout, Biggest Since 2021

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Este artículo también está disponible en español. The broader crypto market experienced a major crash on December 9. While the Bitcoin price dropped from $101,109 to as low as $94,150, marking a -7% decline, the altcoin market suffered significantly more severe losses. Ethereum fell by as much as -12% at one point, XRP by -22%, Solana by -15%, Cardano by -23%, Dogecoin by -19%, and Shiba Inu by -25%. According to Coinglass data, more than 562,000 traders were liquidated in the past 24 hours, and total liquidations reached $1.7 billion.…

Brazilian Central Bank May Withdraw Provisions Banning Stablecoin Self-Custody

The Central Bank of Brazil acknowledged that a proposal making self-custody of stablecoins illegal in the country might be withdrawn if certain conditions are met. In a public hearing, the deputy head of the Financial System Regulation Department, Renato Kiyotaka Uema, said that these provisions were put in place to bring stablecoin transactions to light, […] Source CryptoX Portal

ICO takes regulatory action against four public authorities under the FOI Act

We have taken action against four public authorities for continued failings to meet their obligations under the Freedom of Information Act (FOIA).  City of London Police has been issued with an enforcement notice for its FOI failings. Staffordshire Police, Dorset Police and Goldsmiths, University of London have been given practice recommendations setting out improvements they can make to better comply with their legal obligations under FOIA.   ICO Head of FOI Complaints and Appeals, Phillip Angell, said: “People have the legal right to promptly receive information they’re entitled to. This…

Trump Effect: Bitcoin ETFs Attract $10 Billion Inflows Since Election Day

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Since Election Day, bitcoin exchange-traded funds (ETFs) have garnered the attention of Wall Street investors who seem convinced that President-elect Donald Trump will be able to bring regulatory clarity to push the bitcoin industry to new heights. The companies offering these investment tools have registered inflows of close to $10 billion since November 5, boosting […] Original

PEPE Hits $11 Billion Market Cap Amidst Frenzied Whale Action

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Tokyo-listed Remixpoint boosts Bitcoin reserves with $1.4m purchase

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Remixpoint’s latest Bitcoin purchase of $1.38 million boosts its total crypto holdings to a market value of $34.3 million, reflecting a profit of nearly $6.72 million. Japan‘s energy and automotive business consulting company Remixpoint has acquired an additional Bitcoin (BTC) for $1.38 million, bringing the total amount under its crypto investment portfolio to $27.59 million, Yahoo Japan reports. On Monday, Dec. 9, the company announced that it had completed the additional purchase of 13.24 BTC on Dec. 5 and Dec. 6, utilizing ¥213.9 million (approximately $1.38 million) of its planned…

Does Google’s Willow Spell The End for Bitcoin (BTC) Future? Not Really Say Experts

Google’s new quantum computing chip could mean bitcoin (BTC) is finished. That was the sentiment for some on Monday as the internet giant unveiled Willow, a quantum supercomputer that can perform certain computational tasks in just five minutes that would take classical supercomputers an astronomical amount of time—specifically, 10 septillion years (or one followed by 24 zeroes; a trillion trillion). 10,000,000,000,000,000,000,000,000. Such an amount of time is greater than the existence of the entire universe at 13.8 billion years. In superficial theory, such a powerful computer could mean no passwords…