MicroStrategy co-founder Michael Saylor took to social media to celebrate the fourth anniversary of the company’s bold Bitcoin bet. On August 11, 2020, the firm adopted Bitcoin as its primary treasury reserve asset. MicroStrategy has managed to outperform 499 out of 500 stocks in the S&P 500. MSTR stock was added to the MSCI World …
The U.S. Internal Revenue Service (IRS) has released an updated draft version of the tax form crypto brokers and investors will use to report proceeds from certain transactions, the 1099-DA. Beginning in 2026, crypto investors who use brokers will receive the 1099-DA from those brokers to report certain crypto sales and exchange transactions to the …
Ripple has issued a warning about the proliferation of XRP-related scams following a recent court ruling. “Ripple and its executives will NEVER ask you to send funds anywhere,” the company stressed. Recently, scammers started trying to capitalize on Ripple’s recent foray into the stablecoin sector by creating fake tokens and passing them off as the …
According to data from lookonchain, Pantera Capital deposited 12.95 million 1INCH to Coinbase Prime 7 hours ago. Notably, Pantera Capital was an investor of 1INCH, having vested 104.6M 1INCH from 2021 to 2023. On July 24, the VC started to deposit 1INCH to Coinbase as the price started to drop. So far, it has deposited …
The official Shibarium X handle has announced the upcoming launch of a hard fork on the L2 network, which is expected to introduce the highly anticipated SHIB burn mechanism. The hard fork will occur at 9:15 AM (UTC) today, August 9, 2024. Following the hard fork, the team will release a new Bor version, v1.1.2-bone. …
Tether, is reportedly planning to double the size of its workforce by mid-2025, with a particular focus on its compliance team. It plans to increase its staff to around 200 people, its CEO told Bloomberg. He also added that “We are very careful when we hire people, we hire only senior people.” The firm has …
According to data from financial information platform Farside Investors, the Ethereum ETFs witnessed a total net outflow of $2.9 million on August 8. On the day, Grayscale’s ETHE and Fidelity’s FETH experienced outflows of $19.8 million and $2.6 million, respectively. Grayscale mini ETF ETH had an inflow of $5.0189 million, and BlackRock ETF ETHA had …
Ethereum co-founder Vitalik Buterin has transferred 3,000 ETH, valued at around $8 million, to a multi-signature safe wallet attracting around 0.1 ETH in gas fees (about $270). The reason for the transfer is unknown and speculated to be a donation. When a user questioned the high gas fees on the network, Buterin underscored security over …
On 08th August, Blackrock’s “ETHA” recorded the highest inflow of $11.7 Million, followed by Grayscale’s “ETH” with $5 Million. Further, Bitwise’s “ETHW” has added $2.8 Million. Notably, 21 Shares, VanEck, Invesco, and Franklin have recorded a neutral flow. On the other hand, Fidelity’s “FETH” recorded an outflow for the first time at $2.6 million. Grayscale’s …
The hype around the RTR token, rumored to be tied to Donald Trump, has ended in disaster. It skyrocketed to a $155M market cap within hours, and plummeted 95% shortly after. The token was initially boosted by claims from figures like Ryan Fournier, who suggested RTR might be the ‘official’ Trump coin. However, after Eric …
The crypto market made a significant move overnight, surging 11% to reclaim the $2 trillion level, now standing at $2.105T. Bitcoin led the charge, crossing $61K once again, reflecting renewed investor confidence. At the same time, U.S. Bitcoin ETFs made headlines by acquiring 3,376 BTC—an impressive feat given that only 450 Bitcoins are mined daily. …
WazirX has announced plans to undo all trades that occurred following its withdrawal freeze on July 18. “All users will have their portfolio balances on the WazirX platform restored to what they were on 18 July, 2024, 1 p.m. IST,” the exchange wrote. The action will be conducted over the next few days. It added …
According to a Bloomberg report, the boss of Japan’s Financial Services Agency (FSA) said that “cautious consideration” needs to be given to the decision of approving crypto-related ETFs. The FSA Commissioner stated that many people believe crypto assets do not necessarily contribute to the wealth creation of the Japanese people in a stable and long-term …
Cathie Wood’s Ark Invest has purchased another $2.4 million worth of Robinhood amid positive Q2 2024 earnings. It has bought 145,420 HOOD shares adding to its previous holdings. The wealth manager continues to acquire more of the crypto stock like yesterday. The repositioning of holdings follows a growing uptick in most crypto stocks. On Aug …
A crypto educator and influencer account on X has alerted that “China is Dumping ETH”. As per data from lookonchain, possibly 789,533 ETH worth $2 billion, is being transferred from dormant wallets inactive for 3.3 years. Notably, these funds are coming from the Plus Token Ponzi 2. Chinese police had seized $4.2 billion worth of …
Memecoins on the Solana ecosystem surged more than 30% in the past 24 hours, leading gains in the crypto market, as the network’s underlying token SOL, recovered from losses from earlier in the week. Cat-themed pop cat (POPCAT) and dogwifhat (WIF) surged as much as 25%, before slightly retreating, while MUMU and cat dog (CATDOG) …
ARK Invest took advantage of Monday’s massive market slump to make its first purchases of Coinbase and Robinhood shares in months. Cathie Wood’s investment management firm bought $17.8 million of COIN, its first purchase of the stock since June 6, 2023, when it bought $21.6 million worth. ARK also added $11.2 million of Robinhood shares. …
The spot ether ETFs recorded net inflows of nearly $49 million on Monday amidst a 20% drop in its price, indicating strong demand. A broader crypto market haircut contributed to the selling pressure, with over $340 million in ETH futures liquidations. While professional investors bought the dip, ETH ETFs traded over $715 million, the highest …
The crypto market’s turbulence has intensified, with Bitcoin plummeting to $54,000, marking a 7.31% intraday drop and a 17% decline over four days. This sharp descent has pushed BTC below its 200-day EMA, with a downtick in the 50-day EMA signaling a looming death cross. Ethereum has also faced significant losses, falling to $2,350, a …
Crypto exchange Bybit will be withdrawing its services from France in response to regulations in the country. From Aug. 2, French users will no longer be able to purchase any products from Bybit or add to their positions. All deposits to French user’s accounts will also be restricted. In May, France’s financial regulator, Autorité des …
Ripple CTO David Schwartz recently took a stand against scammers attempting to deceive users on social media. Amid the buzz created by the Coinbase-centered discussion on X, some scammers wishing to capitalize on the moment took the chance to make their suggestions in the fake comments. The scammers suggested contacting Coinbase email support to resolve …
Shiba Inu has experienced a staggering 625% surge in large holder inflows, signaling a wave of bullish sentiment among large players. Large Holders Inflow tracks the funds going into whale-owned addresses and may indicate significant buying activity. This might be because many of these addresses buy on centralized exchanges and transfer their purchases to cold …
Peter Brandt shared an alarming forecast for XRP, emphasizing a potential decline against Bitcoin. Specifically, he identified a multi-year complex head-and-shoulders pattern forming on the XRP/BTC chart. He said that if the chart breaks the ‘neck,’ or lower support line in other words, it could signal a 97.5% drop, which is significant, which will cause …
RippleX has announced that OpenEden will introduce tokenized U.S. Treasury bills (T-bills), a short-term government debt obligation backed by the U.S. Department of the Treasury, to the XRPL and its users for the first time. In the wake of this huge development, the XRP community has been issued an alert, as scammers might leverage the …
Futu Securities International, the leading online brokerage in Hong Kong, has introduced retail crypto trading services in the city. This strategic initiative is part of a broader effort to attract more investors amid a crypto bull market. It also incentivizes the opportunity with Nvidia and Alibaba stock rewards. Futu’s announcement on Thursday, August 1, revealed …
Ark Invest has offloaded another 12,077 Coinbase shares on Wednesday, worth $2.7 million. ARK’s latest Coinbase dump follows ARKW’s recent sale of 16,758 COIN shares on July 19. At the time of the sale, the transaction netted $4.3 million, with COIN trading at around $257. Ark’s investment strategy generally aims to avoid individual holdings taking …
Spot Ether ETFs could amass as much as $10 billion in assets under management within their first year of trading said Katalin Tischhauser, Head of Investment Research at Sygnum Bank and a former executive at Goldman Sachs. She predicted that Bitcoin ETF inflows would be in the $30 billion to $50 billion range for the …
WazirX’s co-founder Nischal Shetty told CoinDesk that outreach efforts to different exchanges are going to be crucial, as it remains open to everything possible to help solve this situation. WazirX is effectively closed after the exchange stopped trading and withdrawals after the hack on July 18. The co-founder said that they are trying everything and …
Anthony Pompliano, CEO of Professional Capital, predicts that the United States will include Bitcoin in its balance sheet or strategic reserves in the next 10 to 15 years, but the key lies in how active the United States is. He pointed out that Bitcoin could serve as a strategic asset for the country. Pompliano also …
In the latest development, Ripple has announced a new tie-up with Fenasbac to promote fintech opportunities in Brazil with the help of the Next accelerator program. Ripple picked Brazil as its first company for targeted investment, pointing to the country’s crypto-friendly regulatory environment and a strong community of developers. Next is the largest startup acceleration …