Crypto Currency

Canadian BTC Miner HIVE’s Revenue Halves from Record High

HIVE Blockchain Technologies Limited, the Canada-based publicly-traded company that mines pioneer cryptocurrency, Bitcoin, saw its revenue plunge by roughly 50% at the end of its 2023 fiscal year ended March 31. The Nasdaq-listed firm’s revenue came in at $106.3 million, tumbling from a record-high of $211 million from the previous fiscal year.HIVE…

HIVE
Blockchain Technologies Limited, the Canada-based publicly-traded
company that mines pioneer cryptocurrency, Bitcoin, saw its revenue plunge by
roughly 50% at the end of its 2023 fiscal year ended March 31. The
Nasdaq-listed firm’s revenue came in at $106.3 million, tumbling from a
record-high of $211 million from the previous fiscal year.HIVE…
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Crypto Currency

Central Bank of Ireland Fines Coinbase Unit €3.25 Million Over Customer Fund Safeguarding Failures

Bitcoin Magazine Central Bank of Ireland Fines Coinbase Unit €3.25 Million Over Customer Fund Safeguarding Failures Ireland’s central bank has fined Coinbase Ireland €3.25 million for allowing customer funds to mix with other Coinbase entities’ money and for relying on its US parent to run safeguarding controls…

Bitcoin Magazine

Central Bank of Ireland Fines Coinbase Unit €3.25 Million Over Customer Fund Safeguarding Failures
Ireland’s central bank has fined Coinbase Ireland €3.25 million for allowing customer funds to mix with other Coinbase entities’ money and for relying on its US parent to run safeguarding controls…
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Crypto Currency

Bitcoin ETF buyers are trend followers, not setters, DWF Labs says

DWF Labs research finds that Bitcoin ETF flows follow past BTC price movements rather than predict future returns, with investors buying rallies and selling dips…

DWF Labs research finds that Bitcoin ETF flows follow past BTC price movements rather than predict future returns, with investors buying rallies and selling dips…
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Crypto Currency

Bitcoin ETFs Pull In $1.07B as Irish Drug Trafficker-Linked Wallet Moves $41M

Bitcoin ETF pulled $1.07 billion in three days as a wallet linked to Irish drug trafficker Clifton Collins moved 500 BTC to Coinbase Prime. The post Bitcoin ETFs Pull In $1.07B as Irish Drug Trafficker-Linked Wallet Moves $41M appeared first on Cryptonews…

Bitcoin ETF pulled $1.07 billion in three days as a wallet linked to Irish drug trafficker Clifton Collins moved 500 BTC to Coinbase Prime.
The post Bitcoin ETFs Pull In $1.07B as Irish Drug Trafficker-Linked Wallet Moves $41M appeared first on Cryptonews…
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Crypto Currency

Bitcoin ETFs Top $1 Billion in 3 Days as Eight Funds Draw Inflows

U.S. bitcoin ETFs attracted $528.40 million on Wednesday, taking their three-day inflow streak above $1 billion as institutional demand broadened across eight funds. Blackrock, Fidelity Drive Bitcoin ETF Streak The character of bitcoin exchange-traded fund (ETF) demand changed on Wednesday. Monday’s $526.60 million surge had been overwhelmingly driven by Blackrock’s IBIT…

U.S. bitcoin ETFs attracted $528.40 million on Wednesday, taking their three-day inflow streak above $1 billion as institutional demand broadened across eight funds. Blackrock, Fidelity Drive Bitcoin ETF Streak The character of bitcoin exchange-traded fund (ETF) demand changed on Wednesday. Monday’s $526.60 million surge had been overwhelmingly driven by Blackrock’s IBIT…
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