Tag: Bitcoin

Bitcoin ETFs Experience Largest Monthly Outflow Amid Escalating Middle East Tensions

Institutional investors seem to be reacting to escalating tensions in the Middle East, as U.S. spot Bitcoin exchange-traded funds (ETFs) witnessed nearly $243 million in withdrawals. On October 1, the 11 U.S.-listed spot Bitcoin ETFs collectively experienced an outflow of $242.6 million, based on figures from Farside Investors. This marks the largest outflow in nearly […]

Robinhood Expands to Europe with New ‘Crypto Transfers’ Feature

Robinhood, a popular U.S.-based trading app, is expanding its cryptocurrency services in Europe, now allowing users to deposit and withdraw crypto using external platforms. As of October 1, Robinhood’s crypto division, Robinhood Crypto, has officially rolled out this feature for European customers. The update enables users in Europe to transfer about 20 different cryptocurrencies, including […]

Ohio Senator Proposes Bill to Permit Tax Payments in Bitcoin

In a move that could significantly impact Bitcoin and the broader crypto landscape, Ohio Senator Niraj Antani has introduced legislation to allow Bitcoin (BTC) as an official payment method for state taxes and various fees. This bill, if passed, would be a game-changer in terms of how cryptocurrencies can be used in the state. Introduced […]

FED’s Bostic Signals Willingness for Additional 50bps Interest Rate Cut in November

Raphael Bostic, President of the Atlanta Federal Reserve, mentioned on Monday that he is open to another half-percentage-point interest rate reduction during the Fed’s November meeting if upcoming data indicate that job growth is slowing faster than anticipated. In an interview with Reuters, Bostic said, “A weaker-than-expected result could push me to support a more […]

China’s former finance minister calls for a national study on cryptocurrencies following the record-breaking launch of US Bitcoin ETFs

During a keynote at the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing, former Chinese finance minister Lou Jiwei emphasized the need for China to thoroughly assess developments in the cryptocurrency space. As reported by Sina Finance, Lou discussed the potential risks that cryptocurrencies pose, particularly in terms of global financial stability, noting their volatility […]

FTX Distribution Payments Will Not Start on Sept. 30

Speculation has been swirling online that the FTX bankruptcy estate will begin distributing reimbursement funds to creditors and customers on September 30. However, this information is inaccurate, as no reimbursement plan has been given legal approval at this time. As per the most recent Chapter 11 filing, the next court hearing to confirm the restructuring […]

US election result unlikely to impact Q4 Bitcoin surge, hedge fund predicts

Bitcoin’s price is poised to benefit from the upcoming U.S. presidential election, no matter who wins, according to CK Zheng, the chief investment officer at ZX Squared Capital. Historically, Bitcoin has seen strong fourth-quarter gains following its halving events, and this trend is expected to continue. Zheng pointed out that both U.S. political parties have […]

Binance Founder CZ Released from US Prison

Binance founder and former CEO Changpeng “CZ” Zhao was released from a U.S. federal prison on September 27 after completing a four-month sentence related to Anti-Money Laundering (AML) violations, according to a spokesperson from the U.S. Federal Bureau of Prisons, as reported by Cryptografos. CZ had entered a guilty plea in November, admitting to federal […]

Crypto Fear & Greed Index Returns to Greed Zone

The Crypto Fear & Greed Index recently surged to its highest level since July, staying above the 60 mark for two consecutive days. As of the update on September 28, the index hit 64, entering the “Greed” range while Bitcoin briefly climbed to around $66,000, according to CoinMarketCap. This index is designed to quantify the […]