Blackrock has amassed nearly 110,000 bitcoins for its spot bitcoin exchange-traded fund (ETF), Ishares Bitcoin Trust (IBIT), since its launch about a month ago. The world’s largest asset manager’s bitcoin ETF has a total net inflow of nearly $ 5 billion, leading the pack among all spot bitcoin ETFs. Blackrock CEO Larry Fink has …
As of Feb. 12, 2024, bitcoin displays a robust upward momentum across several charts, underscored by its sharp ascent from $ 47,593 to $ 48,814 on Sunday. On the subsequent Monday, bitcoin’s market value reached $ 939 billion, with a trading volume of $ 21.57 billion for the day. Currently, the …
The NEAR Foundation recently said it has let go of 35 workers as part of a realignment exercise that sees it “focus on a narrower and higher-impact set of activities.” The foundation’s CEO insisted that the job cuts did not in any way indicate that his organization was facing financial challenges. The NEAR Foundation’s Record-Breaking […]
Per data analysis, decentralized exchange (dex) platforms nearly reached a trillion dollars in trading volume, posting $ 960.69 billion over the past year. Moreover, dex activity in December exceeded the previous 2023 high of $ 132.26 billion, concluding the month with $ 135.86 billion in finalized swaps. Dex Platforms Rise to …
Economist Peter Schiff has warned that the U.S. dollar is “on the verge of a historic crash.” He stressed that there won’t be a soft landing for the U.S. economy, predicting a “crash & burn” scenario. Schiff highlighted the potential for increased inflation, rising interest rates, and elevated unemployment. “The economy is weaker than the […]