Recent blockchain analytics reveal that 4,000 bitcoins, valued at approximately $ 175 million, have been transferred from addresses believed to be controlled by Grayscale’s Bitcoin Trust, commonly referred to as GBTC. Records indicate that these transfers occurred in four separate batches of 1,000 bitcoins each, directed towards Coinbase. Arkham Data Shows Flagged Grayscale Wallets …
According to the New York State Department of Financial Services (DFS), Genesis Global Trading has agreed to a settlement fine of $ 8 million and will forfeit its New York state Bitlicense as part of the agreement over compliance failures. Adrienne Harris, the DFS Superintendent said Genesis displayed a “demonstrated a disregard for the …
Mehmet Simsek, the Turkish Finance Minister, recently revealed that a draft of his country’s crypto regulations is now in the final stage. Simsek said that once they come into force, the new regulations will help minimize the risks that are associated with trading crypto assets. Minimum Operating Standards According to Turkish Finance Minister Mehmet Simsek, […]
U.S. spot bitcoin exchange-traded funds (ETFs) racked up $ 4.6 billion in total trading volume on their first day of trading. Blackrock, the world’s largest asset manager, debuted with more than $ 1 billion in trading volume for its Ishares Bitcoin Trust. Grayscale’s spot bitcoin ETF, which converted from the Grayscale Bitcoin Trust, …
Bitcoin breached the $ 47K threshold on Monday, fueled by growing excitement over the potential launch of a U.S. spot bitcoin exchange-traded fund (ETF). The leading crypto asset kicked off the day at $ 43,247 per unit, then climbed to a peak of $ 47,281 by 2:10 p.m. Eastern Time (ET). Bitcoin …