Bitcoin Behaves Like a ‘Risk-off’ Asset Rather Than a ‘Risk-on’ Asset
TL;DR Robbie Mitchnick, BlackRock’s head of digital assets, believes that Bitcoin should not be classified as a risk asset, despite its recent correlation with the...
Tag : Cryptocurrencies
Binance Aids in Uncovering $47.6 Million Gaming Scam in India
TL;DR Binance helped India track down a $47.6 million gaming scam and arrest four people. Victims were lured into online gambling but then lost access...
Caroline Ellison Sentenced to Two Years in Prison for Role in FTX Collapse
TL;DR Caroline Ellison, former CEO of Alameda Research, has been sentenced to two years in prison for her role in the collapse of FTX. In...
Bitcoin as Collateral: Loan Proposal by Michael Saylor
TL;DR Michael Saylor, Chairman of MicroStrategy, proposed that government-backed banks in the U.S. offer dollar loans with Bitcoin as collateral. MicroStrategy, holding 252,220 BTC in...
Ethereum ETFs Face Record Outflows Since July
TL;DR US Ethereum ETFs saw a daily net outflow of $79.21 million. Total cumulative net outflows since launch amount to $686.68 million. Bitcoin ETFs continue...
Upbit Moves User Data to AWS Servers in the U.S.: What This Means for Privacy
TL;DR Upbit will migrate user data storage to Amazon Web Services (AWS) servers in the United States starting October 1, 2024. The measure seeks to...
Bitcoin Could Reach a New All-Time High Before the End of 2024
TL;DR Bitcoin could reach a new all-time high before the end of 2024, driven by improvements in the crypto market. The release of funds from...
Bitfarms and Riot Platforms Announce Settlement Agreement
TL;DR Board Changes: Andrés Finkielsztain steps down from Bitfarms’ Board; Amy Freedman joins, bringing extensive experience in corporate governance. Standstill Agreement: Riot Platforms withdraws its...
Tether (USDT) Hits a Record $119.14 Billion
TL;DR Tether (USDT) market cap hit an all-time high of $119.14 billion. Its adoption rate has grown from 18% to 31% in the last year....
Ethereum Whales Move $21.9M: Is a Major Ether Dump Coming?
TL;DR Two large Ethereum whales moved 8,510 ETH ($21.9M) to centralized exchanges. An Ethereum ICO participant transferred 3,510 ETH to Kraken after 3 months of...