Cryptocurrency

Report: Global Crypto Investments Surge to Record $2.7 Billion in Weekly Inflows

In an unprecedented surge, global crypto investment products experienced a historic influx of $2.7 billion last week, signaling strong confidence among investors and propelling assets under management (AUM) back to December 2021 levels. Record $2.7 Bil...

11 Mar 2024

VanEck Temporarily Cuts Bitcoin ETF Fee to Zero After Lagging in Assets

HODL, VanEck’s spot bitcoin exchange-traded fund (ETF), has so far attracted a little over $305 million in assets, which is far below most of its competitors.

11 Mar 2024

MicroStrategy spends $821 million to grow its Bitcoin hoard to 205,000

MicroStrategy has increased its Bitcoin stash to more than 200,00 after acquiring 12,000 Bitcoin for $821 million between Feb. 26 and Mar. 10, according to a Mar. 11 SEC filing. This purchase was primarily financed by the net proceeds from its recent convertible debt offering, alongside excess cash reserves. With this purchase, MicroStrategy has acquired […]
The post MicroStrategy spends $821 million to grow its Bitcoin hoard to 205,000 appeared first on CryptoSlate.

11 Mar 2024

Trump says he has no intention of stopping people from using Bitcoin

Former US President Donald Trump said that Bitcoin is an “additional form of currency” that has “taken on a life” of its own, and he has no intention of stopping people from using it. Trump made the statement during an interview on CNBC’s Squawk Box on March 11. His comments come amid a backdrop of […]
The post Trump says he has no intention of stopping people from using Bitcoin appeared first on CryptoSlate.

11 Mar 2024

‘Bitcoin Is Going to Eat Gold’: MicroStrategy’s Michael Saylor

Appearing on CNBC after his company on Monday announced the purchase of an additional 12,000 of bitcoin {{BTC]], MicroStrategy (MSTR) Executive Chairman Michael Saylor said the crypto will be a much more valuable asset than gold in the future.

11 Mar 2024

Beyond the Hype: Smog Token’s Rise as a Trailblazer in Crypto Alongside FLOKI and Pepe

Meme coin mania is in full swing as the new trading week begins. Among the Ethereum-based tokens gaining traction, Smog (SMOG) is catching investors’ attention alongside the surge in prices of Pepe (PEPE) and Floki (FLOKI). The speculative mania ...

11 Mar 2024

With Mastercard, MetaMask Tests First Blockchain-Powered Payment Card

It would be "the first ever truly decentralized web3 payment solution," allowing users to spend their crypto "on everyday purchases, everywhere cards are accepted," according to marketing materials CoinDesk reviewed.

11 Mar 2024

As Bitcoin Hits New Highs, Nasdaq-Listed Miners Face Unexpected Declines

Despite bitcoin reaching another all-time peak on Monday, publicly traded mining stocks commenced the day with percentage declines. Stock linked to companies such as Marathon, Cleanspark, Riot, and various others have diminished in value compared to th...

11 Mar 2024

Bernstein Is ‘Now More Convinced’ That Bitcoin Will Hit $150K After Massive Rally

Spot bitcoin ETF inflows have surpassed expectations, the broker said in the report.

11 Mar 2024

BRC-20 Creator Domo Addresses Thorny Governance Issues With New ‘Lead Maintainer’ Appointments

Governance on BRC-20 and on Bitcoin general is often a thorny subject, as highlighted at the start of this year when Ordinals marketplace UniSat and Domo came into a potential conflict.

11 Mar 2024

We Have to Make It Easier For People to Own Crypto Directly (Not Just With ETFs)

The success of “digital gold” ETFs reminds us to continue improving accessibility and lower entry barriers to bitcoin and Web3, says Binance’s CTO Rohit Wad.

11 Mar 2024

U.S. President Again Proposes Crypto Mining Tax, ‘Wash Sale Rule’ for Digital Assets in New Budget

The U.S. president's budget proposal for 2025 suggests the administration can reduce the national deficit by nearly $10 billion just by "modernizing rules" that include cryptocurrencies.

11 Mar 2024

Near Protocol’s Token Almost Doubles in a Week, Ahead of Nvidia’s AI Conference

Layer-1 blockchain NEAR's native token {{NEAR}} has experience doubled since March 5, with hype surrounding Nvidia's upcoming annual conference driving AI-related tokens to the upside.

11 Mar 2024

Arbitrum DAO to refine legal aid proposal for Tornado Cash amid industry debate

Arbitrum’s decentralized autonomous organization (DAO) has withdrawn a proposal aimed at funding the legal defense expenses of Tornado Cash’s developers. In a Mar. 9 post on social media platform X (formerly Twitter), Joseph Axisa, the Arbitrum DAO contributor who wrote the proposal, explained that it was removed for further refinements. Axisa said: “[The] proposal was […]
The post Arbitrum DAO to refine legal aid proposal for Tornado Cash amid industry debate appeared first on CryptoSlate.

11 Mar 2024

Microstrategy Boosts Bitcoin Holdings to 205,000 BTC After $800 Million Capital Raise

Microstrategy has bought 12,000 more bitcoins after completing a $800 million convertible note offering. The Nasdaq-listed company now holds a total of 205,000 bitcoins, acquired for an average of $33,706 per coin. The note offering “was well re...

11 Mar 2024

Blockchain Builder Eclipse Labs Raises $50M Ahead of Layer-2’s Mainnet Debut

Eclipse mixes tech from Ethereum, Solana and other blockchains.

11 Mar 2024

Crypto Funds Weekly Inflows Surge to Record of $2.7B

Bitcoin remained the focus of investors seeing $2.8 billion worth of inflows.

11 Mar 2024

Over $1 billion wiped off HEX’s valuation following Richard Heart’s disparaging remarks

Ethereum-based Hex’s (eHEX) market capitalization plummeted by more than $1 billion after Richard Heart, the controversial figure behind the project, described it as an illegitimate version. Heart’s controversial statement In an extensive Mar. 10 post on social media platform X (formerly Twitter), Heart renounced eHEX, affirming that only the HEX on Pulsechain was genuine. According […]
The post Over $1 billion wiped off HEX’s valuation following Richard Heart’s disparaging remarks appeared first on CryptoSlate.

11 Mar 2024

Bitcoin’s Climbing Value Outshines Global Silver Market in Historic Pre-Halving Surge

Bitcoin’s ascent past the $72,000 mark has elevated its market capitalization beyond the combined worth of all the world’s silver. The cryptocurrency has seen a 52.7% increase in value relative to the U.S. dollar over the past month, with...

11 Mar 2024

Open interest reaches all-time high as Bitcoin touches $72k

Bitcoin setting a new all-time high and breaking above $72,000 is a significant milestone for the market. Riding the wave of increased institutional interest in spot Bitcoin ETFs, it smashed through the $68,000 ceiling established in November 2021 after a brief correction to $59,000 and seems to be gearing up for more gains this week. […]
The post Open interest reaches all-time high as Bitcoin touches $72k appeared first on CryptoSlate.

11 Mar 2024

Bitcoin’s Market Cap Jumps to $1.4T, Surpassing Silver

Bitcoin rose to a record high on Monday, fuelled by continued positive momentum of spot bitcoin ETFs.

11 Mar 2024

Tether’s USDT To Launch on Celo

The USDT integration aims to boost cross-border payments and peer-to-peer transactions in developing regions.

11 Mar 2024

Donald Trump Sounds More Constructive on Bitcoin

Former United States president Donald Trump commented on bitcoin {{BTC}} during an interview on CNBC, stating that he's not sure he'd want to take bitcoin away if he became president.

11 Mar 2024

Bitcoin and Ethereum investment options to debut on London Stock Exchange

The London Stock Exchange intends to potentially list Bitcoin and Ethereum exchange-traded notes (ETNs) by the second quarter of this year, as revealed in a Mar. 11 market notice. This followed the UK’s Financial Conduct Authority (FCA) approval for Recognised Investment Exchanges (RIEs) to establish a listed market segment dedicated to crypto asset-backed ETNs, according […]
The post Bitcoin and Ethereum investment options to debut on London Stock Exchange appeared first on CryptoSlate.

11 Mar 2024

BlockFi’s Zac Prince Leaves Crypto, Joins Real Estate Tech Startup Re Cost Seg

Prince says he considered starting a new company in the crypto space, but wants something with a regular work week and lacks the octane and volatility of the industry.

11 Mar 2024

MicroStrategy Acquires 12,000 More BTC With Convertible Senior Notes Proceeds

The software firm, founded by staunch bitcoin advocate Michael Saylor, now holds 205,000 BTC worth around $14.7 billion.

11 Mar 2024

First Mover Americas: Bitcoin Surpasses $71K, Reaches All-Time High

The latest price moves in bitcoin (BTC) and crypto markets in context for March 11, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

11 Mar 2024

Bitcoin CME Futures’ Open Interest Reaches Record High of $10B

Notional open interest refers to the dollar value of the active or open futures contracts at a given time.

11 Mar 2024

Bitcoin leverage above $66k wiped out creating new floor for higher price discovery

Recent data on Bitcoin liquidations and leverage levels indicates unique price discovery activity as longs and shorts have been swept from the market. Much of the leveraged positions were shaken out last week as Bitcoin saw volatile price actions around the US market open. The liquidation chart from CoinGlass below highlights how trading activity on […]
The post Bitcoin leverage above $66k wiped out creating new floor for higher price discovery appeared first on CryptoSlate.

11 Mar 2024

Unibot Tanks 33% After Ending Collaboration With Solana Group

From trading at a high of $77 at the start of the European morning on Monday, UNIBOT sank 40% to around $45.51 before rebounding slightly.

11 Mar 2024