The recent report from Bitwise indicates that institutional investors based in the U.S. continue to show robust support for Bitcoin through spot ETFs, with a significant 66% either maintaining or increasing their holdings. This trend is particularly noteworthy considering the market volatility and declining prices witnessed during Q2. Bitwise’s chief investment officer, Matt Hougan, highlighted
Crypto
Sahil Arora, a well-known figure in the crypto industry, has made headlines for his involvement in celebrity-backed meme coins. However, recent reports have raised concerns about his financial activities and the methods he used to generate profit. Initially, it was reported that Arora had earned an impressive $30 million this year. However, a blockchain investigator
The world of cybercrime is constantly evolving, with new trends emerging each year. One of the most concerning trends in 2024 has been the significant rise in stolen funds in crypto scams. According to recent data, the amount of stolen funds has almost doubled from $857 million to $1.58 billion by late July. This represents
Metaplanet, a Japanese investment firm, has recently made a bold move by acquiring approximately $3.3 million worth of Bitcoin, totaling 57.103 bitcoins. This investment is just one part of the company’s broader strategy to expand its Bitcoin holdings, with a total of 303.095 BTC acquired for $20 million so far. The decision to purchase Bitcoin
In a groundbreaking move, Crypto.com, a Singapore-based cryptocurrency exchange, has successfully secured a unique partnership with the Union of European Football Associations (UEFA) Champions League. This partnership marks the first of its kind, with Crypto.com becoming the official global sponsor of the prestigious football competition. The announcement of this collaboration has sent shockwaves through the
Core Scientific, a Texas-based Bitcoin mining company, has recently announced the pricing of an increased offering of $400 million in 3.00% convertible senior notes due in 2029. Originally set at $350 million, the offering size was upsized due to favorable market conditions. The notes are scheduled to settle on August 19, 2024, and will be
As the digital asset market faces a significant downturn in this cycle, investor sentiment remains uncertain. Despite this overarching uncertainty, a recent analysis by Glassnode has unveiled clear indications of a revival in HODLing and accumulation activities among market participants. This shift in behavior is particularly noteworthy, given the volatile market conditions characterized by drastic
Ethereum’s Layer 2 ecosystem has seen a surge in daily transaction volume, reaching a new peak of 12.42 million transactions on August 12. This data points to rapid advancements in scalability, driving user engagement to new heights. The analytics platform Growthepie reported a 140% increase in daily transactions year-to-date, showcasing the growing popularity of Layer
Bitcoin and several altcoins have seen a significant increase in price following the release of better-than-expected core PPI numbers in the United States. This surge in value comes after a period of volatility and price fluctuations in the cryptocurrency market. Bitcoin, the primary cryptocurrency, saw a positive end to the previous business week as it
Coinbase recently submitted a scathing comment letter to the US Securities and Exchange Commission (SEC), highlighting significant flaws in the agency’s cost-benefit analysis of a proposed rule. In the letter, Coinbase argued that the SEC had failed to adequately assess the economic impact of the rule on efficiency, competition, and capital formation. One of the