Cryptocurrency

Worldcoin to Redesign Iris Scanning Orb

Worldcoin will change the design of the Orb, the device used for scanning the irises of users as proof of personhood for the project, to be more friendly and less polarizing. Alex Blania, CEO and co-founder of Tools For Humanity, the company behind Worldcoin, stated that the next iteration would be akin to an “Apple […]
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Cryptocurrency
26 Jan 2024

BlackRock’s IBIT ETF now holds almost 50,000 BTC as AUM hits $2 billion

BlackRock’s iShares Bitcoin ETF (IBIT) has set a new benchmark in the cryptocurrency investment space by amassing over $2 billion in assets under management (AUM) just ten days after its trading debut, according to Bloomberg Terminal data. BlackRock now holds almost 50,000 BTC through its ETF. The rapid accumulation reflects the strong investor interest but […]
The post BlackRock’s IBIT ETF now holds almost 50,000 BTC as AUM hits $2 billion appeared first on CryptoSlate.
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Cryptocurrency
26 Jan 2024

Ethereum Foundation Reveals Finalized Dencun Upgrade Timeline

In a recent announcement by the Ethereum Foundation, the Ethereum blockchain network is set for a major enhancement through the introduction of Dencun. The foundation elaborated that Dencun is scheduled to launch on the Sepolia network at epoch 132,608 on Jan. 30, 2024, and will subsequently activate on the Holesky network at epoch 29,696 on […]
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Cryptocurrency
26 Jan 2024

Bitcoin breaks past $42k, hitting a five-day high

The price of Bitcoin surpassed $42,000 on Jan. 26 amidst significant spot Bitcoin ETF flows and an upgrade to Coinbase’s stock rating. Bitcoin (BTC) was valued at $42,040.36 with a market cap of $824.4 billion at 8:05 pm UTC on Friday. That marks 5.3% growth over 24 hours. Bitcoin’s current price also represents a five-day […]
The post Bitcoin breaks past $42k, hitting a five-day high appeared first on CryptoSlate.
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Cryptocurrency
26 Jan 2024

Trezor Issues Urgent Alert on New Phishing Scam

Trezor has confirmed a series of deceptive phishing emails targeting its users, coming just days after a security breach at their support portal. The company has issued an urgent security alert, advising users to be extra cautious. Trezor Alerts Users to Phishing Danger Amidst Ongoing Security Challenges Hardware wallet provider Trezor has issued an urgent […]
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Cryptocurrency
26 Jan 2024

OneCoin lawyer sentenced to 10 years in prison over laundering $400 million

In a landmark judgment, Mark Scott, formerly a high-ranking lawyer at Locke Lord LLP, received a 10-year prison sentence on Jan. 25 for laundering $400 million derived from the infamous OneCoin Ponzi scheme. The sentencing at the Southern District of New York followed Scott’s 2019 conviction on multiple counts of bank fraud and money laundering. […]
The post OneCoin lawyer sentenced to 10 years in prison over laundering $400 million appeared first on CryptoSlate.
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Cryptocurrency
26 Jan 2024

Craig Wright Offers Settlement in Disputed Bitcoin Creator Case

Craig Wright, who claims to be the creator of Bitcoin, has presented a non-negotiable settlement, potentially ending the contentious legal battle over the true identity of Satoshi Nakamoto, Bitcoin’s pseudonymous founder.
Bitcoin’s Alleged Creator Proposes Settlement Amidst Forged Document Allegations
Craig Wright, the self-proclaimed inventor of Bitcoin, has made a public, non-negotiable settlement offer […]
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Cryptocurrency
26 Jan 2024

Amid Rising ‘National Divorce’ Talks, Exploring the Potential Impact on US Dollar in Hypothetical Second Civil War

In the wake of Texas Governor Greg Abbott’s latest declaration, emphasizing Texas’ inherent constitutional right to defend itself and pointing to the Biden administration’s lack of enforcement of federal immigration statutes, the rhetoric around a potential “national divorce” or “civil war” has gained momentum on social platforms. This leads us to explore a theoretical situation […]
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Cryptocurrency
26 Jan 2024

9 Newly Launched Bitcoin ETFs Amass 132,170 BTC With Blackrock and Fidelity Commanding 70% of Total Holdings

At 10:30 a.m. Eastern Time (ET) on Friday, Grayscale’s GBTC reported a decrease of 10,871.56 bitcoin from its holdings compared to Thursday. In contrast, since its inception on Jan. 11, 2024, Blackrock’s IBIT has accumulated a total of 49,952.32 bitcoin worth $1.98 billion.
Grayscale’s GBTC Sees Significant Bitcoin Outflow as Blackrock’s IBIT and Other […]
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Cryptocurrency
26 Jan 2024

Bitcoin’s safe-haven status strengthened despite recent price crisis: Kaiko

Bitcoin has offered significantly higher returns than traditional safe-haven assets like gold, U.S. bonds, or the dollar. Data from Paris-based crypto analytical platform Kaiko showed that an investment in the top cryptocurrency in January last year would have yielded more than 100% returns, while similar investments in gold and other assets would have generated considerably […]
The post Bitcoin’s safe-haven status strengthened despite recent price crisis: Kaiko appeared first on CryptoSlate.
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Cryptocurrency
26 Jan 2024

BlackRock warned SEC lack of in-kind orders for Bitcoin ETF shares could hurt investors

A novel aspect of the new spot Bitcoin ETFs, as approved by the SEC, is the cash-creation mechanism for issuing and redeeming shares. The ETFs are considered commodity-shares ETFs, yet, as BlackRock points out in its iShares Bitcoin ETF (IBIT) prospectus, “all spot-market commodities other than bitcoin, such as gold and silver, employ in-kind creations […]
The post BlackRock warned SEC lack of in-kind orders for Bitcoin ETF shares could hurt investors appeared first on CryptoSlate.
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Cryptocurrency
26 Jan 2024

Bitcoin’s Sharpe Ratio signals balanced risk-reward over five years

Quick Take A Sharpe Ratio for Bitcoin (BTC) +0.97  over the past five years presents a noteworthy observation, according to Jurrien Timmer, director of Global Macro at Fidelity. Despite the renowned volatility of Bitcoin, this ratio suggests that the digital asset has offered a close to even exchange between risk and excess return over the […]
The post Bitcoin’s Sharpe Ratio signals balanced risk-reward over five years appeared first on CryptoSlate.
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Cryptocurrency
26 Jan 2024

OKX pulls plug on mining pool amid declining user and hashrate numbers

Crypto exchange OKX will discontinue its mining pool services due to “business adjustments” reasons, according to a Jan. 26 statement. The platform said it had halted new customer registrations, effective immediately. Existing users will retain access to the platform until Feb. 25, after which all mining pool-related services will be discontinued by Feb. 26. “Due […]
The post OKX pulls plug on mining pool amid declining user and hashrate numbers appeared first on CryptoSlate.
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Cryptocurrency
26 Jan 2024

From freeze to flourish as Bitcoin hash rate showcases resilience

Quick Take The Bitcoin hash rate experienced a significant drop in the middle of January, triggered by the Texas freeze, which saw it plunge 6% from its record peak. However, this plunge was short-lived, as evidenced by Jan. 25, which witnessed the most significant single-day hash rate ever recorded, at an impressive 638eh/s, marking a […]
The post From freeze to flourish as Bitcoin hash rate showcases resilience appeared first on CryptoSlate.
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Cryptocurrency
26 Jan 2024

Grayscale selling pressure ‘largely behind us,’ spotlight on Newborn Nine: JP Morgan

Analysts from banking giant JPMorgan believe that the profit-taking from the Grayscale Bitcoin Trust (GBTC) may have concluded, potentially alleviating the downward pressure on Bitcoin prices.  The analysts explained that they had estimated that GBTC could see as much as $3 billion in outflows from investors previously exposed to its discount. But with the flow […]
The post Grayscale selling pressure ‘largely behind us,’ spotlight on Newborn Nine: JP Morgan appeared first on CryptoSlate.
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Cryptocurrency
26 Jan 2024

US debt spirals past $34 trillion with interest forecasted to hit $3 trillion by 2030

Quick Take The United States’ mounting debt structure currently stands at a staggering $34 trillion, according to usdebtclock.org. An escalating annualized interest accompanies this steep climb on the federal debt that exceeds $1 trillion and is projected to break through the $3 trillion threshold by Q4 2030, according to E.J. Antoni, an economist at Heritage […]
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Cryptocurrency
26 Jan 2024