Tag - bitcoin
01Apr

FTX founder receives 25-year jail sentence, SEC seeks $2b from Ripple, Bitcoin reclaims $70k | Weekly Recap

Last week saw significant legal developments across the cryptocurrency sector, including Sam Bankman-Fried’s sentencing, regulators’ demanding $2 billion from Ripple, and an indictment against KuCoin. Concurrently, Bitcoin (BTC) reclaimed $70,000 as spot BTC ETFs recorded inflows. FTX founder sentenced to 25 years FTX founder Sam Bankman-Fried received a 25-year sentence in prison. Shortly before the sentencing, the U.S. Department...

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30Mar

Bitcoin futures open interest hits record $36b before options expiry

Bitcoin futures open interest surged to over $38 billion today, as BTC price increased 10% over the week. The surge reflects growing investor interest and speculative activity around Bitcoin’s future price movements. Binance, the world’s leading cryptocurrency exchange, reported its highest BTC open interest to date, at $8.4 billion. Record-setting open interest in Bitcoin futures comes as $15.1 billion...

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30Mar

UK court freezes $7.6m of Craig Wright’s assets

A British court has issued a global freeze on $7.6 million of Craig Wright’s assets, effectively blocking him from transferring the funds abroad. A legal ruling earlier this month found Wright not to be Satoshi Nakamoto, the pseudonymous creator of Bitcoin, contrary to his previous claims. Judge James Mellor presided over the lawsuit initiated by the Crypto Open Patent...

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29Mar

IDEX surges 33%, investors interest skyrockets

IDEX, the native token of the hybrid decentralized exchange (DEX) and market-making protocol of the same name, has increased 33% over the past 24 hours as it records a surge in investor interest. The crypto asset, often leveraged for gas fees and liquidity provision on the Idex exchange, had witnessed a generally bearish trend over the...

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29Mar

Bitcoin is ‘winning,’ compared to S&P 500, MicroStrategy’s Michael Saylor says: Others disagree

Prominent Bitcoin (BTC) advocate and MicroStrategy Inc. chair Michael Saylor shared a chart on Saturday, March 23 comparing Bitcoin’s performance with traditional assets like the S&P 500, Nasdaq, gold, silver, and bonds. Saylor took it as an opportunity to assert Bitcoin’s supremacy in the investment landscape. According to the chart, Bitcoin has grown 432% in that time,...

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29Mar

Bitcoin mining firms ship equipment overseas ahead of halving

In anticipation of the forthcoming Bitcoin (BTC) halving event, thousands of outdated Bitcoin mining machines in the U.S. are being prepared for shipment to destinations abroad. According to Bloomberg, SunnySide Digital — a wholesaler in the crypto mining industry — is sending approximately 6,000 older Bitcoin mining machines to a warehouse it operates in Colorado Springs. The company plans...

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27Mar

Kraken exec advocates for Bitcoin ETF in the UK

Kraken UK managing director Bivu Das is calling for the introduction of Bitcoin exchange-traded fund (ETF) in the UK. Speaking during an interview at the Digital Asset Summit in London, Das stated that Bitcoin ETFs, which are restricted in the UK, can offer investors an opportunity to make decent returns. “The UK has always said it wants...

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27Mar

Ark Invest’s Cathie Wood expects Bitcoin to ride ‘financial superhighway’ to $3.8m

ARK Invest CEO Cathie Wood expects Bitcoin’s value to soar on “financial superhighway” toward $3.8 million. “If institutional investors were to allocate a little more than 5% of their portfolios to bitcoin, as we think they will over time, that alone would add $2.3 million to the projection I just gave you,” Wood said at Friday’s Bitcoin Investor Day conference in...

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26Mar

BlackRock increases Bitcoin holdings to 242k despite record ETF outflows

The world’s largest asset management company, BlackRock, has increased the amount of Bitcoin on its balance sheet. According to the website, BlackRock has increased the amount of Bitcoin (BTC) in its iShares Bitcoin Trust (IBIT) to 242,829. The volume of assets under management in the fund’s spot Bitcoin ETF reached $15.5 billion at the current exchange rate. Source: iShares Fox...

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26Mar

Bitcoin, Ethereum options worth $2.6b expire; investors show caution

Bitcoin and Ethereum options worth early $2.6 billion in notional value expired today amid a broader market pullback. According to Greeks.live, 25,000 BTC options expired, showcasing a Put Call Ratio of 0.56. The ratio indicates a higher interest in call options than puts, suggesting optimism among a segment of investors. The Max Pain point stood at $67,000 with...

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