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Cathie Wood's Ark Invest resumes Coinbase share sales, offloads $2.7 million worth of COIN

Ark Invest sold 12,077 Coinbase shares for $2.7 million from its ARKW ETF, now holding 7.3% of COIN. The firm aims for diversification and has increased overall by 33%.

theblock.co • 01/08/2024 - 08:59 AM

BITCOIN

Mt. Gox moves over $2 billion worth of bitcoin to fresh address: Arkham data

Mt. Gox transferred over $2 billion in bitcoin recently, with significant repayments to creditors amid uncertain market impacts and potential sell-side pressure.

theblock.co • 31/07/2024 - 03:56 AM

Bernstein says mining hardware is a $20 billion opportunity amid Trump's push to 'make bitcoin' in the US

Bitcoin mining chips and hardware represent a $20 billion opportunity over the next five years, according to analysts at Bernstein. The analysts see this as favorable for U.S. Bitcoin miners amid Donald Trump’s recent push to “make bitcoin” in America.

theblock.co • 30/07/2024 - 10:58 AM

29-year-old Bitcoiner robbed and murdered in Kyiv for $200,000 in bitcoin

A Bitcoiner was kidnapped and murdered in Kyiv over $207,000 worth of Bitcoin, highlighting increasing violence against cryptocurrency holders and the need for enhanced security.

theblock.co • 29/07/2024 - 15:06 PM

Bernstein says crypto is 'no longer a bipartisan issue' amid Trump's Bitcoin promises and Harris' 'late' olive branch

Analysis of candidates' positions on crypto ahead of U.S. elections; Trump proposes significant bitcoin support while Democrats aim for industry reconciliation amidst changing political dynamics.

theblock.co • 29/07/2024 - 13:33 PM

The spot Ethereum ETFs' first week by the numbers

The new U.S. spot Ethereum ETFs got off to a contrasting start last week, with over $1 billion of net inflows into eight of the funds overwhelmed by $1.5 billion in net outflows from Grayscale’s ETHE. Excluding ETHE, the Ethereum ETFs generated around 40% of the net inflows witnessed by the Bitcoin ETFs following their launch in January, excluding GBTC.

theblock.co • 29/07/2024 - 11:55 AM

Mempool explorer launches service to expedite unconfirmed bitcoin transactions via five mining pools

Mempool Accelerator offers an off-chain service to expedite unconfirmed Bitcoin transactions for a fee, with partnerships from major mining pools and enhanced transaction visibility.

theblock.co • 29/07/2024 - 09:53 AM

Bitcoin inches toward $70,000 following Trump’s heightened crypto endorsement

Bitcoin nears $70,000 after Trump's crypto support, alongside proposed legislation for U.S. Treasury to purchase 1 million bitcoins, boosting investor sentiment ahead of elections.

theblock.co • 29/07/2024 - 06:34 AM

BITCOIN

Sen. Cynthia Lummis announces bill for US Treasury to buy 1 million bitcoin worth $68 billion: Bitcoin 2024

Senator Lummis announced a bill that would see the U.S. government purchase 1 million bitcoins as a “strategic Bitcoin reserve” on stage at the Bitcoin 2024 conference. “We will be debt-free because of Bitcoin,” Lummis promised.

theblock.co • 27/07/2024 - 20:59 PM

Jersey City mayor and NJ gubernatorial candidate Fulop sees bitcoin as an ‘inflation hedge’

Mayor Fulop of Jersey City announces municipal pension investment in bitcoin, citing inflation concerns and positioning the city for potential crypto industry growth amid political support for cryptocurrencies.

theblock.co • 26/07/2024 - 17:11 PM

Currency