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🔹Latest Crypto News, Updates, Analysis and Deeper Insights in the whole Crypto space. 🔹No subscription fee🔊 @CryptoWorldNews @CryptoWorldICOs @CryptoWorldAnalysis Admin of the Channel: @AdamCWN ✔️
💰 Bitcoin ETFs See $700M Net Inflows as BlackRock, Fidelity Gains Offset GBTC Outflows: CoinShares
Bitcoin-focused investment vehicles received more than $700 million in fresh money last week as inflows to new spot bitcoin (BTC) exchange-traded funds (ETFs) offset the abating outflows from Grayscale's flagship fund, GBTC, asset manager CoinShares reported Monday. BlackRock-managed IBTC and Fidelity's FBTC, the two clear leaders among the newly issued spot bitcoin ETFs, booked $884 million and $674 million in weekly inflows, respectively.
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💰 Bitcoin Flat as Traders Look Forward to the 'Year of the Dragon'
Bitcoin (BTC) traded flat, hovering over $42,000 early Monday, while the CoinDesk 20 Index {{CD20}} is down 0.75% at 1,643, according to CoinDesk Indices data, as nations in East Asia count down the last working days before the Lunar New Year holiday. Over the next few days, East Asia will celebrate the start of the year of the dragon, which is considered to be one of the luckiest and most prosperous animals in the Chinese Zodiac.
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💰 Issues With Bitcoin Mining Beyond Excessive Power Usage: Analysis
Bitcoin mining has always been under scrutiny for its high power consumption. However, a recent New York Times report highlighted how the only issue with Bitcoin mining is not its high electricity consumption. Problems with the intense process of creating the OG cryptocurrency range from increased environmental pollution to human resource implications.
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💰 Bitcoin Struggles in El Salvador Amid Rising Political Concerns
El Salvador is known for embracing Bitcoin as legal tender to stimulate economic development. However, recent research surveys conducted by a group of esteemed economics professors reveal a nuanced and challenging landscape for El Salvador Bitcoin adoption and the widespread acceptance of this digital currency within the country.
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💰 Bitcoin ETFs currently hold over 3% of Bitcoin's supply
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🟢 Tether has released its 2023 Q4 financial report:
⚫️A record-breaking Q4 net profit of $2.85bn
⚫️2023 yearly net profit of $6.2bn
⚫️Its excess reserves registered an all-time high increase of $2.2bn, totalling $5.4bn
⚫️Cash and cash equivalents cover 90% of all issued tokens
⚫️Achieved new record highs in both direct and indirect ownership of US treasuries, with $80.3bn exposure
🤝 @Cryptocurrency_Inside ✅
💰 Ethereum’s Dencun upgrade goes live on Sepolia testnet
Ethereum’s latest major upgrade Dencun went live on the Sepolia test network on Tuesday, leaving just one more testnet before its anticipated “proto-danksharding” feature comes to fruition. Dencun deployment on Sepolia commenced at 22:51 UTC Tuesday and was finalized soon after. “Blobs are now flowing in Sepolia,” Parithosh Jayanthi, DevOps engineer at the Ethereum Foundation, wrote in a post on X. “Uneventful testnet forks are the best ones!”
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💰 New spot bitcoin ETFs amass 150,000 BTC as GBTC market share falls to 36%
The nine new spot Bitcoin exchange-traded funds have now amassed more than 150,000 ($6.5 billion) in assets under management, excluding Grayscale’s converted GBTC fund, according to data from K33 Research. These ETFs are BlackRock (IBIT), Fidelity (FBTC), Bitwise (BITB), Ark 21Shares (ARKB), Invesco (BTCO), VanEck (HODL), Valkyrie (BRRR), Franklin Templeton (EZBC) and WisdomTree (BTCW).
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💰 Bitcoin surges to $43k as ETF inflows outpace sell pressure
Bitcoin (BTC) has made a striking recovery, climbing above the $43,000 mark on Jan. 29, as market dynamics hint at a resurgence in investor confidence. The leading cryptocurrency experienced this surge amidst a landscape where exchange-traded fund (ETF) inflows show signs of strength, particularly as they begin to outweigh outflows from Grayscale Bitcoin Trust (GBTC).
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💰 Pro Bitcoin candidate Nayib Bukele re-elected as President of 🇸🇻 El Salvador
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💰 Solana trading volume reaches $3.5b
Solana is a fast and proficient blockchain. Over $3.5 billion in SOL volume has been traded. Developers and users can explore the blockchain’s ecosystem of dapps; some of which are popular NFT games. Solana provides a great setting for players and creators, fostering invention and involvement. Additionally, Solana’s defi initiatives offer many possibilities for liquidity pools and exchanges.
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💰 The "Buy ₿itcoin sign guy" who photobombed Janet Yellen received 7 Bitcoin in donations afterwards
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🪙 JPMorgan says Tether's increasing dominance is negative for crypto
“Tether is mostly at risk given its lack of regulatory compliance and transparency,” JPMorgan analysts said. "Tether is mostly at risk given its lack of regulatory compliance and transparency," JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a report on Thursday. "We therefore view the increasing concentration in Tether over the past year as a negative for the stablecoin universe and the crypto ecosystem more broadly.
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@CryptoWorldNews
🟠 Hamas victims sue Binance over alleged ‘assistance’ to terrorists
Crypto exchange Binance, its former CEO Changpeng Zhao, along with the governments of Iran and Syria, have been named as defendants in a lawsuit filed by three families of victims affected by the Oct. 7 Hamas attack on Israel.
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🆘 Ripple co-founder Chris Larsen wallet was hacked for 213 million XRP (~$112.5 million).
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BREAKING: 🇩🇪 German Police seize 50,000 💰 Bitcoin worth +€2.17 billion allegedly bought with money made running a movie pirating site until 2013
In a landmark operation, German police have seized around 50,000 bitcoins, valued at approximately €2 billion. This incident marks one of the largest seizures of its kind in the country. The bitcoins were obtained following an investigation into two individuals suspected of running a piracy website and engaging in money laundering activities. The suspects voluntarily transferred the bitcoins to a federal agency. The investigation remains ongoing, with further details yet to be disclosed.
Stay updated with this developing story on @Bitcoin_Insights
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