Crypto News

Bhutan’s government transfers $66 million in Bitcoin to Binance

October 31, 2024 2 mins read

Recently, Bhutan made headlines by transferring a substantial amount of Bitcoin—929 BTC, valued at approximately $66.16 million—to the Binance exchange. This transfer occurred in two stages, with the first batch of 100 BTC sent in the morning, followed by a larger transfer of 839 BTC shortly after. This marks Bhutan’s first move of Bitcoin to an exchange since a previous deposit to Kraken in July. The motivations behind this significant

YouTuber MrBeast faces allegations of profiting millions from alleged crypto “pump-and-dump” schemes

October 31, 2024 2 mins read

YouTube sensation James Donaldson, widely recognized as MrBeast, has found himself in a whirlwind of controversy this year, shifting from a beloved figure known for his charitable acts to one facing serious allegations. The latest claims suggest he may be tied to over 50 cryptocurrency wallets involved in questionable trading practices. The troubles began when Ava Kris Tyson, a close friend of MrBeast, faced accusations of inappropriate behavior with a

Robinhood reports over $14 billion in Q3 crypto trading volume

October 31, 2024 1 min read

In the third quarter of 2024, Robinhood saw a remarkable surge in its crypto trading volume, hitting $14.4 billion—a 114% jump compared to the same period last year, although it was down 33% from the previous quarter. The company’s latest earnings report showcases not only an increase in users and assets but also a broader engagement with Web3 initiatives, highlighting its ongoing dedication to the cryptocurrency space despite some revenue

BlackRock’s Bitcoin ETF hits $3.36 billion in trading volume

October 31, 2024 1 min read

BlackRock’s iShares Bitcoin Trust (IBIT) has recently hit a six-month high in trading volume, reaching an impressive $3.36 billion. This surge indicates a rising interest in Bitcoin, particularly as U.S. spot Bitcoin ETFs are on the verge of collectively holding one million BTC, a figure that brings them close to the estimated holdings of Bitcoin’s creator, Satoshi Nakamoto. On Tuesday alone, IBIT saw an influx of $642.9 million, which is

Bitcoin (BTC) nears all-time highs

October 30, 2024 1 min read

As Bitcoin (BTC) nears its all-time high, savvy investors are finding ways to trade without impacting the market price. Currently priced at around $72,300, Bitcoin is just shy of its previous peak of $73,798 from March, having surged nearly 14% this month, marking its strongest monthly performance since March. A notable trend in this recent Bitcoin rally is the significant increase in over-the-counter (OTC) trading. OTC desks, which facilitate private

Hong Kong Stock Exchange makes history with Asia’s first EU-regulated crypto index

October 30, 2024 1 min read

The Hong Kong Stock Exchange (HKEX) is poised to make a significant leap in the financial landscape by introducing Asia’s first EU-regulated crypto index on November 15. This innovative step is expected to open up fresh investment avenues in Hong Kong, bridging the gap between cryptocurrency and traditional stock markets. Financial analysts view this initiative as a progressive move that reinforces Hong Kong’s status as a forward-thinking financial hub. The

Investors withdraw over $750M in Ethereum from exchanges

October 30, 2024 1 min read

Ethereum has recently experienced a notable transformation, with over $750 million worth of ETH withdrawn from major exchanges in just a week. This trend suggests that many investors are opting for long-term holding rather than selling their assets. CoinMarketCap reports that Ethereum’s daily trading volume has surged by more than 80%, indicating a heightened interest in the market. According to data from CryptoQuant, Ethereum’s reserves on exchanges have significantly decreased,

BlackRock invests over $1 billion in Bitcoin (BTC)

October 30, 2024 1 min read

BlackRock has recently made headlines with its substantial investment in Bitcoin, reportedly acquiring over $1 billion worth in just one week. According to Arkham Intelligence, the investment giant has been consistently purchasing Bitcoin daily, often in batches of 600 BTC. A notable transaction included a $300 million investment that added 4,369 BTC to their portfolio, bringing their total holdings to an impressive 399,525 BTC. While they are significant players in

Bitcoin open interest sets record highs as BTC price surpasses $72.5K

October 29, 2024 1 min read

Bitcoin futures have recently hit a record high in open interest, surpassing $72,500 for the first time since June. This surge in open interest, which now exceeds 20,000 BTC valued at around $2.5 billion, indicates a strong interest in Bitcoin as traders flock to the market. High open interest often suggests that new investments are entering, potentially leading to increased volatility as contracts approach expiration. Despite the excitement, funding rates

Bitcoin soars above $72K, liquidating over $200M in short positions

October 29, 2024 1 min read

In the last 24 hours, Bitcoin (BTC) has experienced a notable surge, climbing 5% and surpassing the significant $70,000 mark, according to CoinMarketCap. This rally has been accompanied by impressive trading volumes, reaching $48 billion—almost double what was seen on Monday. On Tuesday, Bitcoin soared past $72,000, driving a broader market upswing just days before the U.S. elections, which many traders view as a potential positive influence on the market,

Emory University’s $15.8M investment in Grayscale’s Bitcoin Mini Trust marks a historic milestone

October 29, 2024 1 min read

Emory University has made headlines by investing $15.8 million in Grayscale’s Bitcoin Mini Trust, marking a historic moment as it becomes the first university endowment to embrace a Bitcoin ETF. This decision reflects a growing trend among institutional investors, showcasing how cryptocurrencies are increasingly being accepted in traditional finance. Bloomberg analyst Eric Balchunas highlighted the remarkable adoption of Bitcoin ETFs by various institutions, including banks, hedge funds, and family offices.

Tether unveils Satoshi Nakamoto statue in the city of Lugano

October 27, 2024 1 min read

Tether and the City of Lugano recently celebrated the unveiling of a life-sized statue dedicated to Satoshi Nakamoto, the enigmatic creator of Bitcoin. This event took place during the third annual Plan ₿ forum on October 25, a collaborative initiative aimed at fostering the adoption of Bitcoin and blockchain technology in Lugano. The statue, located at Villa Ciani, is designed to reflect the mystery surrounding Satoshi and the innovative spirit