Faith Yakubu

us-bitcoin-etfs:-daily-outflow-hits-$120m
Posted by | April 25, 2024
US Bitcoin ETFs: Daily Outflow Hits $120M

Total net outflows from 11 U.S. spot bitcoin ETFs reached $120 million on Wednesday, with eight products recording zero flows, a trend deemed normal by analysts. Grayscale’s GBTC witnessed $130.42...

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bitcoin-ownership-surges-as-small-addresses-hit-record-high
Posted by | April 25, 2024
Bitcoin Ownership Surges as Small Addresses Hit Record High

A recent report from Fidelity Digital Assets highlights a substantial increase in the number of Bitcoin addresses holding at least $1,000 worth of Bitcoin (BTC). Fidelity’s analysts reveal that this...

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blackrock’s-bitcoin-etf-sees-inflow-boom-end
Posted by | April 25, 2024
BlackRock’s Bitcoin ETF Sees Inflow Boom End

For 71 consecutive days, BlackRock Inc.’s Bitcoin fund experienced an impressive streak, accumulating nearly $18 billion in one of the most significant exchange-traded fund launches in history. However, investor interest...

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bitcoin-achieves-all-time-low-inflation-rate-post-halving
Posted by | April 25, 2024
Bitcoin Achieves All-Time Low Inflation Rate Post-Halving

Bitcoin’s inflation rate has plummeted to a historic low of approximately 1.74% following the recent Bitcoin halving. With 93.3% of Bitcoin already mined, amounting to 19.6 million out of a...

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runes-dominate-68%-of-post-halving-bitcoin-transactions
Posted by | April 25, 2024
Runes Dominate 68% of Post-Halving Bitcoin Transactions

Runes, resembling BRC-20s, emerge as a significant protocol utilizing the Bitcoin network, claiming a substantial 68% share in Bitcoin transactions since the halving. However, Bitcoin miners face diminishing returns amidst...

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deribit-set-to-expire-$6.3-billion-in-bitcoin-options-this-friday
Posted by | April 24, 2024
Deribit Set to Expire $6.3 Billion in Bitcoin Options This Friday

This Friday, Deribit, a leading derivatives exchange, braces for a substantial expiration of cryptocurrency options, totaling over $9.4 billion, with bitcoin options comprising the majority at $6.35 billion. The upcoming...

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s&p:-proposed-us.-rules-could-impact-tether’s-stablecoin-dominance
Posted by | April 24, 2024
S&P: Proposed U.S. Rules Could Impact Tether’s Stablecoin Dominance

S&P Global Ratings has indicated that the proposed regulations in the United States may lead to a shift in the stablecoin landscape, potentially undermining the dominance of Tether’s USDT. The...

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bitcoin-etfs-see-continued-inflows-despite-pre-halving-turbulence
Posted by | April 23, 2024
Bitcoin ETFs See Continued Inflows Despite Pre-Halving Turbulence

Following a brief period of net outflows preceding Bitcoin’s block-reward halving, spot bitcoin exchange-traded funds (ETFs) in the United States have returned to net inflows, with Fidelity’s Wise Origin Bitcoin...

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analysts:-bitcoin-bulls-anticipate-halving-impact-in-two-months-or-more
Posted by | April 23, 2024
Analysts: Bitcoin Bulls Anticipate Halving Impact in Two Months or More

Bitcoin’s recent halving, completed on April 19, may not immediately impact market dynamics, with analysts suggesting a potential two-month wait for significant effects. Despite an 8% increase in bitcoin’s spot...

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binance-faces-canadian-lawsuit-over-securities-law-allegations
Posted by | April 23, 2024
Binance Faces Canadian Lawsuit Over Securities Law Allegations

Binance, one of the world’s largest cryptocurrency exchanges, is embroiled in a new legal battle in Canada as a class-action lawsuit alleges violations of securities laws. Ontario’s Superior Court of...

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