US Government Moves Bitcoin Again

The U.S. government has moved a small amount of Bitcoin seized from Alameda Research accounts on Binance.US. Blockchain analytics firm Arkham flagged the transaction on Aug. 26, saying the Bitcoin came from funds seized from Alameda accounts at Binance and Binance.US roughly three years ago. Arkham did not say that the transfer represented a sale, […]

BlackRock scores $5 billion of tax-deferred Bitcoin to ETF swaps

As iShares Bitcoin Trust (IBIT), the largest Bitcoin (BTC) spot exchange-traded fund (ETF) backed by BlackRock Inc. (NYSE: BLK), attracted its highest year-to-date (YTD) weekly cash inflow of $1.33 billion last week; it has since facilitated $5 billion of tax-deferred Bitcoin-to-ETF swaps. BlackRock’s IBIT has attracted more investors through in-kind creations and redemptions since the […]

Bernstein Reveals His Big Bull Prediction for Bitcoin (BTC)! “First $150,000, Then…”

Bitcoin, the leading cryptocurrency, fell back to around $78,000 yesterday after rising above $81,000. With this rise fueling talk of a $BTC rally and bullish sentiment, global investment bank Bernstein maintained its long-term bullish outlook for Bitcoin but revised the timing of its price predictions. First $150,000, Peak $300,000! According to Bernstein’s analysis reported by […]

Crypto trader turns $24k into $275,000 for 11x return

The sudden cryptocurrency market upsurge following months of decline or stagnation generated several major success stories, and this trader, after approximately a month-long wait, saw the value of his long positions rise elevenfold. Specifically, a user with the shortened designation 0x3376…8A05 on the Aster decentralized exchange (DEX) saw a series of positions worth initially $24,000 […]