Auto Added by WPeMatico

US Government Transfers $243 Million in Seized Bitcoin to Coinbase

On June 26, 2024, the U.S. government transferred 3,940 bitcoins, valued at $243 million, originating from a darknet market dealer. This batch of BTC was directed to an exchange address…

Continue ReadingUS Government Transfers $243 Million in Seized Bitcoin to Coinbase

US Spot Bitcoin ETFs Break Outflow Trend With $30M in Inflows 

On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) reversed their continuous outflow trend, attracting $31.01 million in net inflows. Leading the charge, Fidelity’s FBTC garnered $49 million, while Grayscale’s Bitcoin…

Continue ReadingUS Spot Bitcoin ETFs Break Outflow Trend With $30M in Inflows 

Bitcoin Technical Analysis: Inverse Head and Shoulders Pattern Suggests Bullish Reversal

On Wednesday, via the 1-hour chart, bitcoin is forming a potential inverse head and shoulders pattern around the $61,500 level. If confirmed by a breakout above $62,000, this could signal…

Continue ReadingBitcoin Technical Analysis: Inverse Head and Shoulders Pattern Suggests Bullish Reversal

Peter Schiff Predicts Further Bitcoin Plunge Ahead of Mt Gox Payouts — Declares BTC in Official Bear Market

Economist and gold advocate Peter Schiff has highlighted bitcoin’s recent decline, declaring the cryptocurrency “back in official bear market territory.” He predicts further bitcoin price decline before Mt. Gox creditors…

Continue ReadingPeter Schiff Predicts Further Bitcoin Plunge Ahead of Mt Gox Payouts — Declares BTC in Official Bear Market

Digital Euro Holding Limit: Debate Continues

The president of Germany’s central bank has highlighted the ongoing debate about the holding limit for the digital euro, Europe’s central bank digital currency (CBDC). He noted that recent Bundesbank…

Continue ReadingDigital Euro Holding Limit: Debate Continues

White House Rehires Adviser Who Helped Develop Biden’s Executive Order on Crypto

The White House has rehired Carole House, who helped develop President Joe Biden’s Executive Order on Ensuring Responsible Development of Digital Assets, as Special Advisor for Cybersecurity and Critical Infrastructure…

Continue ReadingWhite House Rehires Adviser Who Helped Develop Biden’s Executive Order on Crypto

Tether Announces Shift to ‘Community Driven Support’ Regarding USDT in Eos and Algorand

Tether, the company that manages the issuance of USDT, the largest stablecoin of the crypto market, has announced a shift in its focus on providing support to blockchains based on…

Continue ReadingTether Announces Shift to ‘Community Driven Support’ Regarding USDT in Eos and Algorand

Bybit Rises to Second Place in Global Crypto Exchange Rankings, Kaiko Report Reveals

According to a recent report by Kaiko, Bybit has surged to become the world’s second-largest cryptocurrency exchange by volume, overtaking Coinbase and closely trailing Binance. This climb is attributed to…

Continue ReadingBybit Rises to Second Place in Global Crypto Exchange Rankings, Kaiko Report Reveals

Ongoing Withdrawals Challenge US Bitcoin ETFs, Nearly $175M Exited Monday

At the start of the week, U.S. spot bitcoin exchange-traded funds experienced their seventh consecutive day of net outflows, losing $174.45 million during Monday’s trading session. Grayscale’s Bitcoin Trust (GBTC)…

Continue ReadingOngoing Withdrawals Challenge US Bitcoin ETFs, Nearly $175M Exited Monday