Wall Street trading firm Jane Street has significantly reduced exposure to Grayscale Bitcoin Trust (GBTC) by 85%.
The post Jane Street Reduces GBTC Holdings by 85%, Acquires IBIT Shares Worth $221M appeared first on Cryptonews. …
Month: August 2024
Donald Trump Reveals $5M in Crypto Holdings, Nets $7M from NFT Foray
Ex-president Donald Trump has investments in crypto worth up to $5m and earned more than $7m from his venture into non-fungible tokens (NFTs), according to financial disclosures for the 2024 election.
The post Donald Trump Reveals $5M in Crypto Holdings, Nets $7M from NFT Foray appeared first on Cryptonews. …
Crypto Mining and Data Centers Take up 2% of Electricity, Tax Policy May Help: IMF
The International Monetary Fund (IMF) reports that crypto mining and data centres together account for 2% of global electricity. This figure is expected to rise to 3.5% within the next three years, raising concerns about the environmental impact of these energy-intensive industries. Increasing the electricity tax by 85% could in turn force the industry to […]
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Could Solana Price Reach $500? Analysts Predict a Major Rally Ahead
The Solana price has risen by 1% in the past 24 hours, touching $144 as the crypto market as a whole dips by 1%.
The post Could Solana Price Reach $500? Analysts Predict a Major Rally Ahead appeared first on Cryptonews. …
Institutional Interest in Bitcoin Wanes as Market Caution Grows; Minting Ratio Drops to $1.4B
Institutional interest in Bitcoin is slipping, with the minting ratio plunging from $2.7B to $1.4B, signaling growing market caution.
The post Institutional Interest in Bitcoin Wanes as Market Caution Grows; Minting Ratio Drops to $1.4B appeared first on Cryptonews. …
Dubai Court Rules in Favor of Salaries Payment in Crypto
Dubai’s Court of First Instance has ruled that cryptocurrency is a valid form of salary payment, indicating a progressive shift in the UAE’s legal stance on digital currencies.
The post Dubai Court Rules in Favor of Salaries Payment in Crypto appeared first on Cryptonews. …
Crypto Miner Bitdeer Plans $150M Public Offering for Data Center Expansion
Singapore-based cryptocurrency mining company Bitdeer Technologies Group has revealed plans to raise $150 million through a public offering of convertible notes set to mature in 2029.
The post Crypto Miner Bitdeer Plans $150M Public Offering for Data Center Expansion appeared first on Cryptonews. …
XRP: A Once-in-a-Lifetime Chance? Pundit Says Buy Now Before It’s Too Late
The price of XRP has gained by 1% today, rising to $0.5699 as the crypto market as a w
The post XRP: A Once-in-a-Lifetime Chance? Pundit Says Buy Now Before It’s Too Late appeared first on Cryptonews. …
Bitcoin Funding Rates Plummet on Binance as Short Positions Dominate Market
Bitcoin funding rates on Binance have dropped to their lowest levels of the year, reflecting a marked shift in market sentiment.
The post Bitcoin Funding Rates Plummet on Binance as Short Positions Dominate Market appeared first on Cryptonews. …
Cooper Scanlon, Co-Founder of Movement Labs, on Utilizing Web3 and Move Language to Create Your Own Change | Ep. 361
Movement Labs’ Cooper Scanlon discusses the benefits and potential of the Move programming language, Web3 creating opportunities for each individual and project, his first successes in this industry, putting all his chips into it, and its possible future.
The post Cooper Scanlon, Co-Founder of Movement Labs, on Utilizing Web3 and Move Language to Create Your Own Change | Ep. 361 appeared first on Cryptonews. …