Bitcoin
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Cryptocurrency
SBF’s Downfall, Bitcoin’s Surge, and WazirX’s $235M Breach
The year 2024 has proven to be a transformative period for the cryptocurrency sector, marked by significant achievements, unexpected challenges, and a series of noteworthy events. From regulatory advancements to thrilling market milestones, let’s delve into the most impactful crypto news stories that captivated global attention throughout the year. Bitcoin ETF Approvals: A Milestone for the Industry 2024 began with a groundbreaking moment for Bitcoin as the US Securities and…
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Cryptocurrency
SBF’s Downfall, Bitcoin’s Surge, and WazirX’s $235M Breach
The year 2024 has been a monumental one for the cryptocurrency industry, filled with dramatic shifts, major breakthroughs, and some shocking twists. Here’s a comprehensive roundup of the biggest crypto news that made headlines throughout the year. Bitcoin ETF Approvals: A Milestone for the Industry The year kicked off with a historic move for Bitcoin as the US Securities and Exchange Commission (SEC) granted approval for the first US-listed Bitcoin…
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Cryptocurrency
Metaplanet’s Bitcoin Investments Surge, Driving Unprecedented Profits in 2024!
Metaplanet Inc. (Tokyo: 3350), a prominent Japanese enterprise, has strategically pivoted its focus towards Bitcoin (BTC) investments, resulting in remarkable financial achievements. The company, recognized for managing a hotel, has unveiled its annual financial performance, marking its most successful year since 2017. This success is largely attributed to its strategic Bitcoin acquisitions over the past year. Following the Leaders in Bitcoin Investment Taking cues from industry stalwarts like MicroStrategy Inc.…
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Cryptocurrency
Metaplanet’s Bitcoin Holdings Soar, Driving Unprecedented Profits in 2024!
Metaplanet Inc. (Tokyo: 3350), a renowned Japanese company, has recently revealed its impressive yearly financial performance. Known for managing a prominent hotel, the company has strategically shifted its focus towards Bitcoin (BTC), a move that has significantly boosted its earnings to the highest levels since 2017. By emulating the strategy of MicroStrategy Inc. (NASDAQ: MSTR), which holds over 2% of the total Bitcoin supply, Metaplanet is poised for sustained growth…
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Cryptocurrency
BlackRock’s IBIT ETF Sets New Record as Quickest Expanding Crypto Fund: Bloomberg
In an extraordinary debut, BlackRock’s latest ETF has set a benchmark in the financial industry, as highlighted by Bloomberg’s recent report. The ETF has shattered previous industry records within its inaugural year, accumulating over $50 billion in assets. This rapid growth establishes it as the fastest-expanding cryptocurrency ETF in history. The remarkable feat has seen the ETF’s assets rival the combined holdings of more than 50 long-standing European market-focused ETFs.…
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Cryptocurrency
BlackRock’s IBIT ETF Sets New Record as Rapidly Expanding Crypto Fund: Bloomberg
In an astonishing debut, BlackRock’s exchange-traded fund (ETF) has redefined industry standards by shattering records within its first year of launch. According to Bloomberg’s latest report, this cryptocurrency ETF has amassed over $50 billion in assets, making it the fastest-growing fund of its kind in history. Its rapid growth has even eclipsed the combined assets of more than 50 well-established European market-focused ETFs. The Unmatched Growth of IBIT IBIT’s incredible…
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Cryptocurrency
Could the Price Surge Past $100k?
End of December: A Time for Reflection As December draws to an end, financial expert Crypto Rus offers insights into what the remaining days could mean for Bitcoin and other cryptocurrencies. There was much anticipation for a “Santa Rally,” a term used to describe an expected increase in asset prices during the holiday season. However, the market has shown little movement. Bitcoin experienced a notable spike shortly before Christmas, reaching…
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Cryptocurrency
Could the Price Surge Past $100k?
As the calendar year reaches its conclusion, the cryptocurrency community turns its attention to what the final days of December might hold for Bitcoin and other digital assets. Despite widespread anticipation of a “Santa Rally,” the market has exhibited a rather stagnant behavior. Bitcoin experienced a notable surge just before Christmas, pushing its value to an impressive $100,000. However, it has since retreated and currently stabilizes around the $94,000 mark.…
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Cryptocurrency
Tether Moves 7,629 BTC Valued at $700 Million to Bitcoin Reserve
In a significant development in the cryptocurrency sphere, Tether, the prominent stablecoin issuer, has executed a substantial transfer of Bitcoin. According to recent data from Arkham Intelligence, Tether moved 7,629 BTC, valued at approximately $700 million, to its Bitcoin reserve address. This transaction was executed from Bitfinex’s hot wallet at precisely 14:00 UTC. Historic Transaction Marks a Milestone This transaction is noteworthy as it stands as the largest single transfer…
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Cryptocurrency
Tether Moves 7,629 BTC Valued at $700 Million to Bitcoin Reserve
In a significant development within the cryptocurrency landscape, Tether, the renowned stablecoin issuer, has made a notable transaction. According to recent data provided by Arkham Intelligence, Tether has transferred 7,629 BTC, equivalent to approximately $700 million, into its bitcoin reserve address. This transfer was executed from Bitfinex’s hot wallet around 14:00 UTC, marking a milestone in Tether’s strategic financial maneuvers. A Record-Breaking Transaction for Tether This recent transaction stands out…
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