Cointelegraph apologizes for spreading false news about Bitcoin ETF
Cryptocurrency news outlet Cointelegraph has publicly apologized for sharing unverified information concerning a spot Bitcoin ETF by BlackRock. As reported by Cointelegraph, during routine coverage, its social media team posted a message without prior editorial approval. The message falsely claimed that the United States Securities and Exchange Commission had approved BlackRock’s iShares spot Bitcoin exchange-traded […]
Bitcoin whales stay stable while Ethereum whales offload: here’s why
Big-time holders of the leading cryptocurrencies, Bitcoin and Ethereum, are showing divergent behaviors, according to data from on-chain analysis firm Glassnode. This week that Ethereum whales, those holding 1,000 or more ETH (approximately $1.5 million), have been steadily selling off their holdings since 2020, with about $20 million ETH sold. Conversely, Bitcoin whales, with 1,000 […]
Ferrari breaks new ground by accepting Bitcoin and Ethereum for luxury cars
Italian luxury car manufacturer Ferrari now accepts Bitcoin, Ethereum (ETH), and the USDC stablecoin for their high-end sports cars in the United States. The decision comes as the company aims to attract a new generation of customers. Ferrari has teamed up with crypto-payment processor BitPay to facilitate the conversion of digital asset payments into fiat […]
Metamask crypto wallet temporarily removed from Apple App store
The popular cryptocurrency wallet application, MetaMask, was briefly removed from Apple Inc.’s App Store in the United States. However, the app was reinstated within a few hours. The app’s removal was due to “an internal operational error,” as reported by a MetaMask spokesperson, and not an action taken by Apple. The news first broke on […]
Bitcoin under $27K, Ethereum at seven-month low: crypto market struggles
The prices of Ethereum and Bitcoin have experienced significant drops, with Ethereum reaching a seven-month low and Bitcoin struggling beneath $27K. Ethereum has seen a steady decline, now well below the $1,600 mark. Bitcoin, although no longer in freefall, continues to grapple below the $27,000 threshold. Several days ago, Bitcoin was trading high until it […]
Binance flooded with $300M in Bitcoin deposits within 48 hours
Over a period of two days, Binance has witnessed Bitcoin deposits exceeding $300 million. The influx was marked by two significant inflows. Approximately $200 million returned to the exchange on Oct. 11, followed by another inflow of about $120 million on Oct. 12. Binance currently holds nearly 682,000 BTC, which is about 70,000 BTC less […]
Coinbase claims that Bitcoin ETF Approval Effect include current price
The potential approval of Bitcoin (BTC) Spot Exchange-Traded Funds (ETFs) seems to be already factored into the current pricing, as per Coinbase Institutional. David Duong, head of institutional research at Coinbase Institutional, noted that the divergence in the performance of Bitcoin and other cryptocurrencies indicates an anticipation of one or more spot Bitcoin ETFs getting […]
Bitcoin whales stand steady amid Ethereum sell-off
In a recent analysis, it was observed that ‘Ethereum whales’ are rapidly selling their holdings, unlike their Bitcoin counterparts. This news comes despite both cryptocurrencies trading in the red. As per the report by crypto analyst sunnydecree on Tuesday, large Ethereum holders are seen aggressively offloading their ETH piles, a situation not mirrored by Bitcoin […]
Dormant Bitcoin wallet springs back to life, records $80 Million profit
A Bitcoin (BTC) wallet that has been inactive for six years reportedly woke up and recorded an astonishing $82.3 million profit. The crypto analysis firm PeckShield revealed this surprising development. The revived wallet currently holds 2995.11 BTC acquired back on May 7, 2016 when the cryptocurrency’s price was around $459 per coin. The initial investment […]
ARK invest enhances its spot Bitcoin ETF proposal, as response to SEC’s red flags
Investment management firm ARK Invest has refined its proposal for a spot Bitcoin ETF, responding to the U.S. Securities and Exchange Commission’s (SEC) criticisms. According to Bloomberg ETF analyst Eric Balchunas, the updated proposal includes details on Coinbase’s custodial practices, stating that the ETF’s assets are stored in separate addresses on the Bitcoin blockchain. The […]