Over $1 Billion In ETH Exits Crypto Exchanges In 24 Hours — What This Means For Ether

· ETH makes history as $1.2 billion in ETH leaves centralized exchanges in the past 24 hours. · London Upgrade has changed Ethereum’s supply dynamics. · Increasing reduction in the supply of Ether could soon see its price at $10,000. Circa $1.2 billion worth of Ether has left centralized exchanges in the past 24 hours,… Continue reading Over $1 Billion In ETH Exits Crypto Exchanges In 24 Hours — What This Means For Ether

Nearly $1 Billion in Ether (ETH) Burned Since EIP-1559 Launch

The total amount of ether (ETH) burned by EIP-1559 has so far surpassed 214,000. NFT marketplace OpenSea has burned the highest amount of ether since EIP-1559 went live, while DeFi yield farming protocol, Uniswap (UNI) has burned nearly 1k ETH in the past 24-hours alone. Over 200k ETH Burned Despite initial criticisms from Ethereum miners,… Continue reading Nearly $1 Billion in Ether (ETH) Burned Since EIP-1559 Launch

$402 Billion Investment Fund Set for Bitcoin (BTC), Ether (ETH) Exposure

New York-based multi-billion dollar private investment management firm Neuberger Berman, will be offering exposure to cryptocurrencies such as bitcoin and ether.  Neuberger Berman Targets Bitcoin Derivatives The investment giant made a filing with the US Securities and Exchange Commission  (SEC) on Wednesday (August 11, 2021) for its Commodity Strategy Fund to gain indirect exposure to… Continue reading $402 Billion Investment Fund Set for Bitcoin (BTC), Ether (ETH) Exposure

Bitcoin Nears $900 Billion In Market Cap – Can The Big Bull Smash $1 Trillion Again?

24 hours later, Bitcoin is heading towards $50,000, securing significant daily gains as trading volume is out the roof; Bitcoin is unstoppable. The dominant cryptocurrency is soaring and unstoppable. Market players are especially elated to see that Bitcoin’s market capitalization is recovering swiftly. At press time, the market cap has hit $865 billion. This is… Continue reading Bitcoin Nears $900 Billion In Market Cap – Can The Big Bull Smash $1 Trillion Again?

Why Squares' $29 Billion Afterpay Acquisition Deal is the Biggest Thing for Bitcoin Right Now

Square is relentless in its efforts to increase the adoption rate of Bitcoin and it already seems to be paying off for both the payment giant and the Bitcoin market. Square is beginning to earn the title of one of the most valuable companies in the Bitcoin market and it seems the company is not… Continue reading Why Squares' $29 Billion Afterpay Acquisition Deal is the Biggest Thing for Bitcoin Right Now

CEO of $300 Billion Swiss Bank says Wealthy Clients Have Crypto Appetite

Zeno Staub, CEO of pro-crypto Swiss banking giant Vontobel, has revealed that the firm’s wealthy clients are showing an appetite for cryptocurrency exposure. Major banks in the United States, Europe, and Asia are beginning to offer structured Bitcoin (BTC) and virtual currency-related investment products to their wealth management clientele. Wealthy Clients Keen on Adding Crypto… Continue reading CEO of $300 Billion Swiss Bank says Wealthy Clients Have Crypto Appetite

Whale Takes $1 Billion Bet as Shorts Jump 23,000 Bitcoin

Someone has taken a 23,000 bitcoin short bet on Bitfinex, worth $729 million at the current price, with 15,157 bitcoin apparently borrowed. The shorting began at eight o’clock UTC, so as Europe was waking up this Friday, with it gradually rising all day from about 2,000 shorted bitcoin to 26,400 at one point before some… Continue reading Whale Takes $1 Billion Bet as Shorts Jump 23,000 Bitcoin

‘Billion of users adopting Bitcoin? Maybe in 10 years,’ says Dan Held

Bitcoin has a good chance of becoming the world’s reserve currency, although we are “at least 10 years away from that,” said Dan Held, Kraken’s head of growth, in an exclusive interview with Cointelegraph. According to Held, the transition to “hyperbitcoinization” — a world where Bitcoin (BTC) is adopted by billions of users — starts… Continue reading ‘Billion of users adopting Bitcoin? Maybe in 10 years,’ says Dan Held

Bitwise Bought Half a Billion Bitcoin and ETH

The Bitwise 10 Crypto Index Fund has bought $502,428,024 worth of mostly bitcoin and eth as well as other cryptos. Katherine Dowling, the COO at Bitwise 10, said in a filing with the Securities and Exchanges Commission (SEC) that 1,048 investors contributed towards this half a billion. The fund is traded on OTC Markets and… Continue reading Bitwise Bought Half a Billion Bitcoin and ETH

How does Biden’s $10 billion Homeowner Assistance Fund help you?

If you’ve fallen behind on your mortgage payments, the Homeowner Assistance Fund could provide the relief you need. (iStock) On March 11, President Biden signed the American Rescue Plan into law, the most recent COVID-19 relief bill. The bill includes provisions designed to help with payment assistance for homeowners who have fallen behind on their mortgage… Continue reading How does Biden’s $10 billion Homeowner Assistance Fund help you?

$1.8 Billion Bitcoin Options to Expire

It’s the last Friday of the month with $1.8 billion worth of bitcoin options to expire tomorrow on Deribit, a futures and options platform. That makes it one of the biggest expiries, with $1 billion in intrinsic value at expiration betting bitcoin won’t reach $40,000. Bitcoin’s current price is $39,700 and just about touched $40,000,… Continue reading $1.8 Billion Bitcoin Options to Expire

Almost $200 Billion Worth Of Bitcoin Is Currently At Risk – Report Warns

A recently published 2021 crypto report by Opimas LLC, a finance-based management consultancy firm, has revealed that approximately 3,480,000 out of the world’s mined 18.5 million Bitcoin, stands vulnerable to attacks as a result of improper safekeeping. The 36-page report by the Boston-based management company extensively covered the various institutional safekeeping gaps – capable of… Continue reading Almost $200 Billion Worth Of Bitcoin Is Currently At Risk – Report Warns

A $1 billion crypto fund could be on its way from Andreessen Horowitz

Building on its previous crypto involvement, VC firm Andreessen Horowitz is now reportedly gathering thunder for another fund, according to an article from the Financial Times, or FT. “The new fund, Andreessen’s third that is focused on cryptocurrency investments, is aiming to raise between $800m and $1bn from investors, according to four people with knowledge… Continue reading A $1 billion crypto fund could be on its way from Andreessen Horowitz

JPMorgan bets $US4.8 billion on disrupting world’s biggest sport

JPMorgan Chase & Co. is bankrolling the biggest upheaval of European soccer since the 1950s in a $US4.8 billion ($6.2 billion) bet that has already drawn heavy criticism from fans, domestic leagues and politicians. The US investment bank has agreed to underwrite an initial €3.5-billion ($5.4 billion) investment to help set up the Super League,… Continue reading JPMorgan bets $US4.8 billion on disrupting world’s biggest sport

NFT sales top $2 billion in first quarter

Sales of digital nonfungible tokens soared to more than $2 billion in the first quarter – more than 20 times the volume of the previous quarter, according to a report from NonFungible.com. There were $93 million in transactions in the fourth quarter of 2020, according to the website, which tracks NFT transactions and marketplaces. Its first-quarter total… Continue reading NFT sales top $2 billion in first quarter

$1.62 Billion Long Positions Liquidated in 24 Hours as BTC Dips Below $55k

Bitcoin’s recent dip below $55k has led to heavy losses of crypto investors’ funds, with $1.62 billion long crypto positions liquidated within 24hours. In the early hours of the day, Bitcoin’s price, as well as that of many altcoins, went on a rollercoaster—yet again—resulting in massive liquidation volumes across the board.  BTC went from $57,800… Continue reading $1.62 Billion Long Positions Liquidated in 24 Hours as BTC Dips Below $55k

Defi Surpasses $30 Billion on Ethereum

Assets under management in decentralized finance (defi) running on the ethereum network have surpassed $30 billion for the first time. Some $4 billion has been added since just this Monday, with it increasing by $9 billion since January 22nd. There is now 7.4 million eth, worth $11.5 billion, locked in these dapps while the bitcoin… Continue reading Defi Surpasses $30 Billion on Ethereum

$25 Billion Institutional Investors Coming to Bitcoin

Ross Stevens (pictured), the Founder and CEO of Stone Ridge Asset Management, said he is confident $25 billion is coming to bitcoin through NYDIG by the end of the year. “I’ve just got this order book, I’m not guessing, I see what’s happening” he said in a conversation with Michael Saylor of Microstrategy. It took… Continue reading $25 Billion Institutional Investors Coming to Bitcoin

Billion Dollar Fund Invests In Stratis Protocol

Alphabit, a billion-dollar fund, has invested in the Stratis Protocol, with a firm commitment of injecting millions of dollars over the next two years. This will significantly help in the growth and development of Stratis, which is a Blockchain-as-a-Solution (BaaS) platform. As Stratis CEO Chris Trew puts it: “We are thrilled to partner with Alphabit,… Continue reading Billion Dollar Fund Invests In Stratis Protocol

ETHE Reaches $4 Billion in Market Cap

The only stock traded product in America, GrayScale’s Ethereum Trust (ETHE), has reached $4 billion in market cap. That amounts to about 3% of ethereum’s entire market cap which has now risen to above $140 billion. The stock still trades at a significant premium with its price equivalent to about $1,460 per eth as each… Continue reading ETHE Reaches $4 Billion in Market Cap

Hedge Fund Buys $1 Billion Bitcoin

A Singapore based hedge fund has bought some $1.3 billion worth of stock traded bitcoin according to a filing with the Securities and Exchanges Commission (SEC). The crypto focused Three Arrows Capital bought 38,888,888 shares issued by Grayscale Bitcoin Trust. Each GBTC share currently goes for $34.10 and are redeemable for actual bitcoin at the… Continue reading Hedge Fund Buys $1 Billion Bitcoin

JPMorgan: $600 Billion Could Flow Into BTC

The investment bank JPMorgan Chase believes that it may be possible for Bitcoin (BTC) to receive a $600 billion inflow in the future. This comes after MassMutual $100 million purchase in BTC last week. As reported by Bloomberg, analysts believe that demand among institutions is starting to increase.  $600 Billion Could Flow Into Bitcoin MassMutual,… Continue reading JPMorgan: $600 Billion Could Flow Into BTC