Spot Bitcoin exchange-traded funds (ETFs) registered a net outflow of $131.35 million on Monday, marking the end of a 12-day streak that attracted $6.6 billion of inflows. The largest outflow was from ARK Invest’s ARKB, which shed $77.46 million in a single day. Grayscale’s GBTC followed with $36.75 million in outflows, while Fidelity’s FBTC lost…
Seven crypto ATMs were seized and two people were arrested in southwest London on Thursday on suspicion of money laundering and operating an illegal cryptocurrency exchange. The operation was led by the UK Financial Conduct Authority (FCA) and the Metropolitan Police, according to a statement by the financial watchdog. Since January 2021, any crypto business…
Web3 venture firm Hashed Emergent and policy advisory group Black Dot have released a model crypto law aimed at clarifying India’s regulatory framework around digital assets. Announced Monday, the Crypto-systems Oversight, Innovation and Strategy (COINS) Act offers a legislative blueprint to support a clearer, industry-led policy environment for crypto in India. The model law is…
Today in crypto, Stategy co-founder Michael Saylor signals another Bitcoin purchase, Circle’s Dante Disparte says the GENIUS Act ensures tech giants and banks can’t dominate the stablecoin market without facing strict structural and regulatory hurdles, and Bitcoin social media dominance has surged which may signal a local top. Michael Saylor signals impending Bitcoin buy Strategy…
Key points: Bitcoin market participants expect a resistance trend line breakout, with nearby targets including $125,000. Attention continues to focus on altcoins while Bitcoin consolidates, with Ether reaching seven-month highs. Upside potential across altcoins remains, with many not yet copying Ether’s rebound, says the latest market commentary. Bitcoin (BTC) circled $18,500 into Sunday’s weekly close…
Nearly half of all crypto-related mentions on social media this week centered around Bitcoin as it hit new highs, a level of dominance that may signal a local top and a potential short-term pullback, according to sentiment platform Santiment. “As Bitcoin’s market value crept above $123.1K for the first time in its 17+ year history,…
Indian cryptocurrency exchange CoinDCX was hacked on Friday, leaving the exchange drained of $44 million. The hackers compromised one of CoinDCX’s internal accounts used for “liquidity provisions” with another exchange through a server breach. No user funds were affected due to the exploit, according to CoinDCX CEO Sumit Gupta. The CEO also said that all…
Prominent Bitcoin podcaster and Real Bedford FC owner Peter McCormack claims he can tackle Bedford’s rising crime rate better than the local police force, taking on a role some might liken to a real-life Batman. However, the legal implications of his plan are still unknown. “As I promised, if the police won’t keep the town…
Bitcoin could be in for a brief consolidation phase after its recent surge to new all-time highs — but another leg up before the end of July isn’t off the table, according to Galaxy Digital’s head of franchise trading, Michael Harvey. “Consolidation around current prices is my base case given the large rally and new…
Jack Dorsey’s financial services company, Block, Inc., surged almost 9% in after-hours trading on Friday following the news that it will be added to the S&P 500, the benchmark index of the 500 largest US companies by market capitalization. Block will replace US energy company Hess Corp on the S&P 500 before trading commences on…
