Tag: Bitcoin
BlackRock: Investors Will Not Be Interested in Crypto ETFs Beyond Bitcoin and Ethereum
Reading time: < 1 minute BlackRock’s head of digital assets, Robert Mitchnick, shared that the company’s clients seem to have minimal interest in cryptocurrencies outside of Bitcoin and Ethereum.
Ether ETFs Lose $133M in Second Day of Trading
Reading time: < 1 minute The crypto market experienced a notable change in investment flows between Bitcoin and Ethereum ETFs on Wednesday, July 24. While spot Bitcoin ETFs saw positive
Mt. Gox Creditors Start Receiving Repayments on Kraken
Reading time: < 1 minute Creditors from the failed crypto exchange Mt. Gox are now receiving Bitcoin and Bitcoin Cash transfers on another crypto exchange, Kraken.
Mt. Gox Gets Ready for Repayments on Bitstamp
Reading time: < 1 minute Mt. Gox is making preparations to reimburse creditors through the Bitstamp cryptocurrency exchange.
Bitcoin Miner HIVE Digital Plans to Expand Operations to Paraguay
Reading time: < 1 minute HIVE Digital Technologies has unveiled plans to construct a new 100-megawatt (MW) crypto mining facility in Paraguay.
BlackRock’s Bitcoin ETF Receives $260M
Reading time: < 1 minute BlackRock’s iShares Bitcoin Trust garnered $260 million in investments from Bitcoin traders on July 16, making up more than half of the total net inflows for spot Bitcoin ETFs on that day.
BlackRock’s CEO Calls Bitcoin Digital Gold
Reading time: < 1 minute In a recent interview with CNBC, BlackRock’s CEO Larry Fink admitted to being initially wrong about Bitcoin, but now seeing it as a valuable asset – similar to gold – and a legitimate financial instrument.
Inflows into Spot BTC ETFs Reach Almost $300M
Reading time: < 1 minute Farside Investors’ data reveals that spot BTC ETFs experienced a substantial increase in net inflows on Monday, reaching a level not seen since June 5 at $294.8 million.
Bitcoin Mining Profitability Jumped Last Month: Report
Reading time: < 1 minute According to a research report by Jefferies, Bitcoin mining was more profitable in June compared to May due to a 2% increase in the cryptocurrency’s price and a 5% drop in the network’s hashrate.
Bitfinex: Bitcoin is Experiencing Low Liquidity
Reading time: < 1 minute Bitfinex analysts have reported that there is currently lower liquidity in the market due to the summer vacations of institutional participants who are actively trading.