On October 30th, BlackRock’s iShares Bitcoin Trust (IBIT) experienced an astonishing inflow of $872 million, setting a new record for daily investments since its inception in January. This significant jump marks a pivotal moment in the Bitcoin exchange-traded fund (ETF) landscape, showcasing the growing appetite among investors. The previous highest inflow recorded for IBIT was
Crypto
In a significant move for the financial technology landscape, Visa announced on October 29 that it has partnered with Coinbase to facilitate real-time financial transactions between traditional banking and cryptocurrency platforms through the Visa Direct network. This partnership is a noteworthy stride towards enhancing user convenience and fostering efficient monetary exchanges. Coinbase users in the
As the world increasingly embraces digitization, traditional loyalty programs are being reevaluated to meet the expectations of modern consumers. A significant shift is being heralded by the collaboration between Circle, a prominent stablecoin issuer, and HKT, a leading technology firm in Hong Kong. This partnership aims to harness the power of blockchain technology to innovate
In a noteworthy financial maneuver, the Royal Government of Bhutan has made headlines by transferring a substantial amount of Bitcoin (BTC) into the cryptocurrency exchange Binance. This strategic decision involved the transfer of 929 BTC, amounting to approximately $66.16 million, split across two transactions on October 29. This activity coincided with bitcoin’s notable price surge,
In recent years, the emergence of cryptocurrencies has paralleled the rise in cybercrime, particularly relating to money laundering and tax evasion. The case of Maximiliano Pilipis, a former resident of Noblesville, Indiana, exemplifies how unregulated exchanges can serve as a breeding ground for illicit financial activities. Pilipis, now 53 years old, finds himself indicted by
Ripple, known for its digital asset XRP, is currently trapped in a precarious state of price fluctuation that speaks volumes about investor sentiment. After a modest bounce back from its crucial $0.5 support level, the asset has retraced towards its 200-day moving average. At a glance, this price movement appears to offer a glimmer of
In a landscape where integrity is paramount, the crypto-focused venture capital firm DWF Labs finds itself embroiled in a serious controversy. A female venture capitalist, who has come forward under the pseudonym “Hana,” accused one of the firm’s partners of attempting to spike her drink during a company event in Hong Kong on October 24.
On October 29, the BlackRock iShares Bitcoin Trust (IBIT) made headlines by achieving an impressive inflow of $642.9 million, marking it as the most substantial flow since March 12. According to data from Farside, this surge propelled the total net inflow for Bitcoin-focused exchange-traded funds (ETFs) to a considerable $870.1 million, the highest recorded since
Shiba Inu (SHIB), which stands as the second-largest meme coin by market capitalization, has recently demonstrated a remarkable recovery, highlighting the strength of the current bullish sentiment within the cryptocurrency market. Over a short span of 24 hours, its price peaked at $0.00001957, a level not seen in the past month. However, it later adjusted
Valeria Fedyakina, a name that once rang through the halls of cryptocurrency circles as the so-called “Queen of Crypto,” now stands at the center of a financial storm. Dubbed “Bitmama,” this 24-year-old influencer rapidly ascended to fame by presenting herself as a guru of the digital currency world. However, the glittering facade she crafted crumbled