Grayscale, a leading asset management firm, has announced details about its new Bitcoin Mini Trust, a spin-off of its popular GBTC exchange-traded fund (ETF). Low Fees, High Value The Mini Trust will charge a fee of just 0.15%, significantly lower than the current 1.5% fee for GBTC. This makes it the cheapest Bitcoin ETF on…
Accumulation Phase Ethereum investors are actively accumulating the cryptocurrency, with over $500 million worth of ETH withdrawn from exchanges in the past week. This outflow is the highest since February, indicating that investors are confident in Ethereum’s long-term value. Whale Activity Whale transactions have also increased, with outflows from exchanges exceeding inflows. This suggests that…
Bank Closures Leave Residents Stranded Thousands of Australians are facing a financial nightmare as banks close their physical locations, leaving residents without access to cash. In the town of Kununurra, Western Australia, 4,500 residents are now forced to travel 500 miles to the nearest bank. Commonwealth Bank, NAB, and Westpac have all closed their branches…
Uniswap Crypto analyst Ali Martinez has observed a bullish signal for Uniswap (UNI). According to the Tom DeMark (TD) Sequential indicator, UNI is expected to rally for 1-4 days, potentially reaching $10. Cardano Martinez also analyzed Cardano (ADA). He noted that the Market Value to Realized Value (MVRV) ratio has dipped below -22%, which has…
Jeff Drobman, a California resident, lost tens of thousands of dollars when criminals hijacked his Bank of America account. SIM-Swap Scheme The thieves tricked Spectrum, Drobman’s carrier, into connecting his phone number to a different SIM card. This allowed them to receive text back codes from the bank, which they used to change Drobman’s password…
On Thursday, Bitcoin whales, investors holding significant amounts of the cryptocurrency, seized the opportunity of a price dip to accumulate a massive $1.235 billion worth of BTC. Whales Accumulate at Low Prices According to IntoTheBlock, a crypto analytics firm, whales with over 0.1% of the total BTC supply collectively bought 19,760 Bitcoins at an average…
Halving Event Sparks Block Competition As Bitcoin’s fourth halving cycle concludes, users are fiercely competing for halving blocks, paying exorbitant fees to mine a single block. ViaBTC Pays Record Fee The 840,000th block was mined by ViaBTC, who paid a staggering $2.4 million in fees. This is the highest fee ever paid for a Bitcoin…
Lummis-Gillibrand Payment Stablecoin Act On Friday, pro-crypto group Coin Center criticized the Lummis-Gillibrand Payment Stablecoin Act, calling it unconstitutional and anti-innovation. The bill aims to regulate stablecoins, which have gained popularity as a substitute for the US dollar. Key Provisions The bill requires stablecoin issuers to: Comply with anti-money laundering and sanction regulations Maintain one-to-one…
Shiba Inu (SHIB) has been on a wild ride lately. After a big jump earlier this month, it’s now taking a break. But crypto analyst Javon Marks thinks it’s about to take off again. Continued Uptrend for Shiba Inu SHIB has been on a tear, going from $0.00001178 to $0.00004456 in just a few weeks….
Bitcoin has been trying to turn things around after a recent dip. Despite failing to break its previous record of $73,833, it’s been trending down for a while. Current Situation As of now, Bitcoin is trading around $63,846, down 27% from its peak but up 0.06% in the last 24 hours. It’s currently below the…
