Cryptocurrency Analysis and News Portal
In the last 37 days, the newly introduced nine spot bitcoin exchange-traded funds (ETFs) have rapidly accumulated a remarkable total of 264,232.74 bitcoin, now valued at $13.5 billion based on the current exchange rates. Leading the pack, Blackrock’s IBIT ETF holds a substantial 43% of this total, with 115,989.80 bitcoins
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On Friday, Feb. 16, 2024, bitcoin’s value hovered between $51,850 to $52,350, with onchain insights from Arkham Intelligence revealing that the Nasdaq-listed crypto exchange giant, Coinbase, now possesses over 1 million bitcoin. Based on the current market prices, the stash secured by the San Francisco-headquartered firm is valued at just
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The largest crypto by market cap rallied 10% in a week, outperforming the broad-market CoinDesk20 Index's (CD20) 8% advance, extending its relentless rise from $38,500 in late January. The surge was coupled with accelerating inflows into U.S. spot bitcoin exchange-traded funds (ETF), with BlackRock's IBIT raking in over 28,000 bitcoin
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Canaccord Genuity maintained its buy rating on the stock, raising its price target to $240 from $140. The firm cited positive tailwinds for the business and the industry in general.JMP Securities kept its outperform rating and increased its price target to $220 from $200. It said it was pleased by
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Kraken, a U.S.-based cryptocurrency exchange, has started requiring additional information in the U.K. regarding transactions of self-custody wallets made to and from its accounts. Kraken sent an email to some of its U.K. customers, stating that if the information required was not provided, it could result in an account lock
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Blackrock has amassed nearly 110,000 bitcoins for its spot bitcoin exchange-traded fund (ETF), Ishares Bitcoin Trust (IBIT), since its launch about a month ago. The world’s largest asset manager’s bitcoin ETF has a total net inflow of nearly $5 billion, leading the pack among all spot bitcoin ETFs. Blackrock CEO
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The so-called "Coinbase Premium Index" – which measures the price difference for bitcoin on Coinbase compared to Binance, the leading exchange by trading volume – rose to 0.12 Thursday, its highest reading since May 2023, according to data from analytics firm CryptoQuant. "High premium values could indicate US investors' strong
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Take a look at the frontpage of CoinDesk today and you could be forgiven for thinking our site is all about Bitcoin. Just look at the headlines: BTC is above $50k. Options traders are betting on $75,000. Bitcoin’s market cap is back above $1 trillion. Bitcoin ETFs have accumulated $11
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On February 24, 2022, 5:30 am Moscow time, Russian President Vladimir Putin announced to the world that Russia was initiating a “special military operation” to “demilitarize and denazify” Ukraine. In reality, Russia was launching a full-scale invasion to overthrow Ukraine’s democratically elected government. Bombs began to fall on cities across
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