Crypto Currency

BlackRock’s Bitcoin ETF Surpasses $19.5 Billion in Total Inflows

TLDR BlackRock’s Bitcoin ETF (IBIT) saw $500 million in inflows on July 22, 2024. IBIT’s total inflows since launch have crossed $19.5 billion. The ETF now holds over 325,000 BTC worth $22.5 billion. IBIT’s share price has increased 20% in the past two weeks. BlackRock is launching a spot Ethereum ETF with a 0.25% management

Published 7 months ago in
BlackRock’s Bitcoin ETF Surpasses $19.5 Billion in Total Inflows

TLDR BlackRock’s Bitcoin ETF (IBIT) saw $500 million in inflows on July 22, 2024. IBIT’s total inflows since launch have crossed $19.5 billion. The ETF now holds over 325,000 BTC worth $22.5 billion. IBIT’s share price has increased 20% in the past two weeks. BlackRock is launching a spot Ethereum ETF with a 0.25% management […]
The post BlackRock’s Bitcoin ETF Surpasses $19.5 Billion in Total Inflows appeared first on Blockonomi…
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Crypto Currency

Why Dogecoin (DOGE) is Rising: Memecoins Lead Crypto Rebound

Dogecoin (DOGE) made an impressive recovery today, becoming the fastest-growing cryptocurrency among the top 10 cryptocurrencies by market capitalization. The popular meme coin surged over 10%, rising from $0.3254 to a high of $0.361 This remarkable uptick boosted Dogecoin’s market cap to over $52 billion, ranking seventh on the crypto list…

Published 14 hours ago in
Why Dogecoin (DOGE) is Rising: Memecoins Lead Crypto Rebound

Dogecoin (DOGE) made an impressive recovery today,
becoming the fastest-growing cryptocurrency among the top 10 cryptocurrencies
by market capitalization. The popular meme coin surged over 10%, rising from
$0.3254 to a high of $0.361 This remarkable uptick boosted Dogecoin’s market cap
to over $52 billion, ranking seventh on the crypto list…
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Crypto Currency

Court Orders “Evasive” SEC to Explain Itself In A Legal Victory For Coinbase

Another legal blow was delivered Monday against Gary Gensler’s Securities and Exchange Commission (SEC), as the agency’s era of ‘regulation through enforcement’ against the digital assets industry appears to be coming to an ignominious end. The US Court of Appeals for the Third Circuit in Philadelphia yesterday ruled in favour of the cryptocurrency exchange Coinbase…

Published 14 hours ago in
Court Orders “Evasive” SEC to Explain Itself In A Legal Victory For Coinbase

Another legal blow was delivered Monday against Gary Gensler’s Securities and Exchange Commission (SEC), as the agency’s era of ‘regulation through enforcement’ against the digital assets industry appears to be coming to an ignominious end. The US Court of Appeals for the Third Circuit in Philadelphia yesterday ruled in favour of the cryptocurrency exchange Coinbase…
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Crypto Currency

Italy’s Largest Bank Reveals Bitcoin Investment

Reading Time: 2 minutesIntesa Sanpaolo, Italy’s largest banking group, has purchased 11 bitcoins, totaling approximately $1.25 million This acquisition marks the first direct investment in cryptocurrency by an Italian bank The bank has declined to disclose its motivations or future plans regarding this investment Italy’s largest banking group…

Published 14 hours ago in
Italy’s Largest Bank Reveals Bitcoin Investment

Reading Time: 2 minutesIntesa Sanpaolo, Italy’s largest banking group, has purchased 11 bitcoins, totaling approximately $1.25 million This acquisition marks the first direct investment in cryptocurrency by an Italian bank The bank has declined to disclose its motivations or future plans regarding this investment Italy’s largest banking group…
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Crypto Currency

Appeals Judge Criticized SEC Over Coinbase Prevarication

Reading Time: 2 minutesThe U.S. Court of Appeals for the Third Circuit has ordered the Securities and Exchange Commission (SEC) to provide a detailed explanation for its denial of Coinbase’s petition requesting specific cryptocurrency regulations The court emphasized its previous ruling that the SEC’s prior response was “arbitrary and capricious” The judge criticized the agency’s

Published 14 hours ago in
Appeals Judge Criticized SEC Over Coinbase Prevarication

Reading Time: 2 minutesThe U.S. Court of Appeals for the Third Circuit has ordered the Securities and Exchange Commission (SEC) to provide a detailed explanation for its denial of Coinbase’s petition requesting specific cryptocurrency regulations The court emphasized its previous ruling that the SEC’s prior response was “arbitrary and capricious” The judge criticized the agency’s “long line” of excuses The U.S…
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