Auto Added by WPeMatico

GBTC Experiences Its Largest Daily Drain Yet, Nearly 239,000 BTC Gone in Under 70 Days  

According to the latest statistics, Grayscale’s Bitcoin Trust (GBTC) experienced its most significant outflow on March 18, 2024, totaling $643 million. Onchain experts have closely observed GBTC’s activities as a…

Continue ReadingGBTC Experiences Its Largest Daily Drain Yet, Nearly 239,000 BTC Gone in Under 70 Days  

Velar Launches Dharma AMM to Propel Bitcoin Into the Decentralized Finance Spotlight

On Tuesday, the bitcoin liquidity protocol Velar unveiled Dharma, an automated market maker (AMM) designed to enhance decentralized finance liquidity within the Bitcoin realm. The inaugural version of Velar’s Dharma…

Continue ReadingVelar Launches Dharma AMM to Propel Bitcoin Into the Decentralized Finance Spotlight

Crypto Lender Genesis Agrees to $21 Million SEC Fine, Funds to Await Bankruptcy Claim Settlements

Genesis Global Capital has settled with the U.S. Securities and Exchange Commission (SEC) and agreed to pay a $21 million civil penalty. The SEC further disclosed that the regulator will…

Continue ReadingCrypto Lender Genesis Agrees to $21 Million SEC Fine, Funds to Await Bankruptcy Claim Settlements

Microstrategy Expands Bitcoin Holdings: Acquires 9,245 BTC After Successful Convertible Note Sale

On Tuesday, the business intelligence firm Microstrategy announced it completed a $603.75 million offering of convertible senior notes due 2031. After the announcement, Microstrategy’s founder Michael Saylor announced the company…

Continue ReadingMicrostrategy Expands Bitcoin Holdings: Acquires 9,245 BTC After Successful Convertible Note Sale

Crypto Entities That Neglect AI and Machine Learning Investment Will Lag Behind, Warns Binance CTO

Rohit Wad, the chief technology officer (CTO) of Binance said his platform has increased its compliance budget in recent years to ensure it achieves the “highest regulatory compliance standard.” According…

Continue ReadingCrypto Entities That Neglect AI and Machine Learning Investment Will Lag Behind, Warns Binance CTO

Bitcoin Falls to Sub-$63K as Market Awaits Federal Reserve’s Next Move

On Tuesday, the value of bitcoin fell to a low of $62,355, experiencing a decline of over 7% against the U.S. dollar in the last 24 hours and a decrease…

Continue ReadingBitcoin Falls to Sub-$63K as Market Awaits Federal Reserve’s Next Move

Grayscale Investments Submits Revised Application for Spot Ethereum ETF

Grayscale Investments’ Chief Legal Officer announced that the firm has submitted a revised Form 19b-4 for spot Ether exchange-traded funds. The officer, Craig Salm, stated that investors are seeking access…

Continue ReadingGrayscale Investments Submits Revised Application for Spot Ethereum ETF

Standard Chartered Raises Bitcoin Target: BTC Could Hit $150K This Year, $250K Next Year

Standard Chartered has raised its bitcoin forecast, predicting that the cryptocurrency’s price could reach $250,000 next year and $150,000 this year. The bank also adjusted its ether forecast as it…

Continue ReadingStandard Chartered Raises Bitcoin Target: BTC Could Hit $150K This Year, $250K Next Year