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U.S. Bitcoin ETFs See Inflows After 5-Day Outflow Streak, While Grayscale’s GBTC Nears 300,000 Bitcoin Mark
During the past week, U.S. spot Bitcoin exchange-traded funds (ETFs) experienced consistent net outflows, indicating that investors were selling more Bitcoins through these funds than they were buying. This trend persisted for five consecutive days, reflecting a cautious approach among... -
Bitcoin’s Fourth Block Reward Halving: Viabtc Mines Block 840,000, Receives ‘Epic Satoshi’ and 3.125 BTC Reward
Bitcoin, the leading cryptocurrency in the world, experienced its fourth block reward halving on April 19, 2024, marking a significant milestone in its history. This event, occurring at block height 840,000, has garnered attention from crypto enthusiasts worldwide. Viabtc, a... -
Ripple Asks Court to Reject SEC’s $2 Billion Penalty Request in XRP Case
Ripple Labs has submitted an appeal to the US Securities and Exchange Commission's (SEC) request that the company pay $2 billion in fines in the XRP case. "The SEC's severe remedial requests are unfounded in law or principle. Ripple suggested... -
US SEC Pursues $5.3B Penalty Against Terraform Labs and Do Kwon
The United States Securities and Exchange Commission (SEC) filed a motion on April 19, requesting a $5.3 billion payment in disgorgement and civil penalties against Terraform Labs and its co-founder Do Kwon following a verdict in its civil case. US... -
Swiss Bitcoiners Push for Vote to Add Bitcoin to Swiss National Bank’s Balance Sheet
On April 20, a group of Swiss Bitcoiners started a new push to persuade the Swiss National Bank (SNB) to add Bitcoin to its reserves. Their strategy involves a proposed referendum to amend the country's constitution. Swiss Bitcoiners Claim BTC... -
Bitcoin Holders Shift $1.75 Billion to ‘Accumulation’ Wallets Amidst Dip
Bitcoin holders transferred $1.75 billion worth of BTC to accumulation wallet addresses in a single day as the BTC price plummeted below $63K earlier this week. The transfer was disclosed by CryptoQuant on April 17. Bitcoin Holders BTC Transfer Breaks... -
Apple Doubles Down on Other Asian Countries Amid China Troubles
Apple is doubling down on other Asian countries as the company’s sales in China continue to be tepid. The structural US-China tensions are also prompting the iPhone maker to diversify its supply chain and reduce its reliance on China. Apple... -
Binance Converts $1Billion ‘SAFU’ Emergency Fund into USDC
Binance has recently converted its $1 billion Secure Asset Fund for Users (SAFU) into Circle's dollar-pegged USDC stablecoin. This strategic move was disclosed by the exchange on April 18. Binance SAFU to Leverage USDC Stability & Reliability Binance outlined in... -
Vietnam Plans to Establish Legal Framework for Cryptocurrencies by May 2025 Amidst Official Acknowledgment of Non-Prohibition Status
According to government officials in Vietnam, cryptocurrencies are not prohibited, but there is an urgent need for a legal framework to regulate their use. This framework is currently being developed by the Finance Ministry and is expected to be completed... -
Bank of Israel Official Expects CBDC to Improve Financial Competition
Bank of Israel Deputy Governor Andrew Abir had thrown his weight behind "Digital Shekel," Israel's proposed central bank digital currency (CBDC). He explained that the CBDC will be a competitive alternative to the various payment methods that have gradually displaced...
