Connect with us

Published

on

With the expiration of BTC options, which have been trying to compensate for their losses since Friday evening, it is priced at $ 42,186 on the first trading day; Ethereum is also trading at $2,267.

BlackRock’s Bitcoin ETF breaks record with $2 billion in assets under management

Last Friday, BlackRock’s iShares Bitcoin ETF (IBIT) became the first fund to exceed $2 billion in assets management (AUM) among newly launched spot Bitcoin products. This does not include Grayscale’s GBTC.

Because GBTC started as a closed-end fund. When it later converted to a spot ETF, it had $30 billion in AUM. Investors added nearly $170 million to IBIT on Thursday, adding nearly 4,300 bitcoins (BTC), bringing the fund’s total bitcoin holdings to 49,952.

As Bitcoin rose above $40,000 early Friday, its AUM rose to over $2 billion. The fund, which now has over $2 billion in AUM, ranks third in asset collection among more than 600 ETFs launched in the past year. Nate Geraci, president of ETF Store, believes IBIT could take the top spot lead soon.

The next fund to break the $2 billion mark will likely be Fidelity’s Wise Origin Bitcoin Fund (FBTC). The number of Bitcoins held by this fund is approximately 44,000 Bitcoins as of January 25.

Bitcoin

Calls for federal regulatory mandate for spot BTC ETFs

Behnam called for legislation to regulate crypto, as Congress has given no federal regulator authority over digital asset markets. However, he noted that in the current situation, there are not enough regulations on issues such as conflict resolution and customer protections.

Behnam praised the CFTC’s moves against malicious actors in the crypto space in 2023, but expressed the need for more comprehensive powers due to the lack of some tools.

Google announced that it will update its Cryptocurrency Advertising Policy

Google will make an update to its advertising policy regarding cryptocurrencies starting January 29, 2024.

This update aims to clarify the conditions governing advertising by companies such as cryptocurrency exchanges, NFT games and hardware wallets. With the update, cryptocurrency exchanges and advertisers targeting the USA will be able to publish ads for their products and services, provided that they comply with local laws and receive certification from Google.

Bitcoin bull run BTC

Additionally, ads will be allowed in certain categories, such as businesses that accept crypto payments, mining hardware, tax/legal services, and security services. Advertising of NFT games will be approved under certain conditions.

Certain conditions will also be set for hardware wallet ads. However, ads containing ICOs, DeFi protocols, and certain crypto content will be banned. Ads containing trading signals, investment advice and paid reviews regarding cryptocurrencies will also be banned.

FTX sells crypto assets to pay customers

FTX, whose accounts were frozen after it collapsed in 2022, nearly doubled its cash accumulation from $2.3 billion to $4.4 billion in order to be able to pay customers.

FTX stated that it raised $1.8 billion by selling its digital assets and is also trying to hedge its risks by trading Bitcoin derivatives. There are many among FTX clients who oppose a proposal that would peg the value of their digital assets to the time a bankruptcy filing is made.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto

Bitcoin Exceeds $1 Trillion Market Cap

The total value of the cryptocurrency market reached 1.89 trillion dollars with the rise in the market; Bitcoin’s market value increased to $1.02 trillion and Ethereum’s market value increased to $334 billion.

Published

on

The total value of the cryptocurrency market reached 1.89 trillion dollars with the rise in the market; Bitcoin’s market value increased to $1.02 trillion and Ethereum’s market value increased to $334 billion.

With court order, Genesis may sell $1.3 billion worth of shares in Grayscale’s GBTC fund

Court, allowed Genesis Global Holdco LLC to sell 35 million shares in Grayscale’s GBTC fund for $1.3 billion. Judge Sean Lane announced that Genesis could convert these shares into Bitcoin or cash. Genesis, a subsidiary of Digital Currency Group (DCG), also plans to sell 11 million shares in its Grayscale Ethereum Trusts fund for over $200 million. DCG attempted to delay the sale before the court approved the debt payment plan. DCG stated that it was not against the sale, but that the sale could happen early if the court plan was rejected.

Big Bitcoin transfer

Popular Layer 2 solution Starknet announces STRK token distribution plan to 1.3 million wallets

Starknet Foundation announced its plan to distribute STRK tokens to approximately 1.3 million wallets. Owners of these wallets, including early dapp users and network contributors, will receive rewards. Distribution will begin on February 20 and users will be able to request it until June 20. A total of 700 million STRK tokens will be distributed, accounting for 7% of the total supply. STRK Token aims to make STARK-based scaling more decentralized. The Foundation wants to encourage community participation in the management of the network.

DeFi lender Moonwell offers USDC lending across Ethereum

The Moonwell platform now lets you lend and borrow USDC coins from different Ethereum networks in one place, thanks to its USDC Anywhere tool. Moonwell can detect USDC in users’ wallets and transfer them to the Moonwell platform. In this way, USDC usage is facilitated within the entire Ethereum ecosystem without the need for manual transfers between wallets and networks. Bitcoin Exceeds $1 Trillion Market Cap.

Continue Reading

Crypto

Bitcoin hits new resistance level before $52,000

Bitcoin is trading at $48,200 with a 13% increase since last week, while Ethereum is trading at $2,500 with a 10% increase.

Published

on

Bitcoin is trading at $48,200 with a 13% increase since last week, while Ethereum is trading at $2,500 with a 10% increase.

Bitcoin ETFs reached $10 billion in asset management volume in a month after approval. Nine ETFs stood out with net inflows of $2.7 billion on Jan. 9, led by BlackRock’s iShares Bitcoin Trust.

Fidelity’s Wise Origin Bitcoin Fund manages $3.4 billion worth of BTC. ARK 21Shares Bitcoin ETF has achieved billion-dollar success with its $1 billion portfolio. Grayscale Bitcoin Trust has experienced an outflow of $6.3 billion in the last 30 days.

Bitcoin’s price consolidated above technical support levels in January, gaining 0.6% to $42,585, according to analysis from ARK Invest. ARK Invest believes that Bitcoin is replacing gold and its role in financial markets is increasing.

According to the analysis, the price of Bitcoin has increased twentyfold in the last 7 years compared to gold. The asset manager predicts that Bitcoin will remain resilient if inflation decreases and real interest rates rise.

Bitcoin step of the giant company

FTX plans to sell Digital Custody for $500 thousand during bankruptcy process

FTX plans to sell its Digital Custody (DC) company, which is in bankruptcy process, to CoinList for $10 million to $500 thousand. Although FTX acquired DC for FTX US and LedgerX, it went bankrupt before the integration was completed.

The company attributes the reason for selling DC to the fact that FTX US has not yet been launched and DC is no longer valuable. The prominent offer for the sale came from CoinList, funded by Terence Culver.

FTX emphasizes that it is pursuing a restructuring plan focused on full payment to customers. However, users oppose the company’s valuation of cryptocurrency deposits at 2022 prices and demand intervention.

Ethereum gas fees reach 8-month high

Ethereum Gas fees on the network have reached an eight-month high amid a burst of interest around a new, unofficial token standard called ERC-404.

On February 9, Ethereum gas prices rose as high as 70 gwei ($60) for a standard transaction. ERC-404 refers to an experimental standard that aims to connect ERC-721 NFTs to ERC-20 tokens.

This wave, initiated by the Pandora project, brought over $600 million in transaction volume and over 6,100% gains in the last 6 days. While the increase in Ethereum gas fees with the popularity of ERC-404 draws attention, the developers of the project state that they focus on reducing gas costs.

Legal warning

The investment information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy services are offered individually, taking into account people’s risk and return preferences. The content, comments and recommendations contained herein are of a general nature and are not guiding in any way. These recommendations may not suit your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results that meet your expectations.

Continue Reading

Crypto

Criminals Are Increasingly Turning to Crypto Assets

According to the report published by the US Treasury Department, criminals and fraudsters are increasingly turning to crypto assets. The 2024 National Risk Assessments Report highlights the threats of illicit financial activities in the United States.

Published

on

According to the report published by the US Treasury Department, criminals and fraudsters are increasingly turning to crypto assets. The 2024 National Risk Assessments Report highlights the threats of illicit financial activities in the United States.

To the report According to reports, malicious actors are laundering illicit funds using cryptocurrencies as well as cash. The Treasury plans to share a strategic plan with solution suggestions soon.

The money laundering report noted that although the proceeds from the drug trade were cash-based, the use of virtual assets was a concern for US law enforcement and virtual assets were volatile but recovered in the fall of 2023.

crypto-

While it is emphasized that virtual asset service providers must comply with the regulations, it is stated that many services of decentralized finance (DeFi) do not comply with the regulations. It is stated that criminals target DeFi and online games, and online games pose unique money laundering risks.

The terrorist financing report states that terrorists have adapted to technology but also stick to the methods they know. and the content, comments and recommendations are of a general nature and are not of a guiding nature in any way. These recommendations may not suit your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results that meet your expectations.

Both verbal and visual cryptocurrency information within the scope of this report that you have accessed has been compiled in good faith from the first accessible sources and for the sole purpose of obtaining information without creating any guarantee or warranty regarding its accuracy, validity, effectiveness, in short, as a basis for any decision in any form or manner. .

Continue Reading

Trending

Copyright © 2023 RAZORU NEWS. Project by V