Funding • April 25, 2024 11:59 PM EDT Posted 1 minute ago In ~ Fidelity’s physical Bitcoin exchange-traded fund saw daily net outflows of $22.61 million on Thursday, according to SoSoValue data, making it the first day the ETF has seen more money flow out since its listing in January. Several other US Bitcoin funds reported daily outflows totaling $217.58 million. Grayscale’s convertible ETF lost $139.37 million, while funds from Ark Invest and 21Shares lost $31.34 million. SoSoValue data showed it Valkyrie’s fund suffered a loss of $20.16 million, while Bitwise recorded an outflow of $6 million.Franklin Templeton’s EZBC was…
Author: Crypto Flexs
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While the top memecoins are a far cry from their previous highs, retail investors may see them as a fairer opportunity than fully diluted highly valued VC-backed coins.
The FBI today issued a public service announcement warning Americans to avoid using unregistered and non-Know Your Customer (KYC) cryptocurrency transfer services.Just in: 🇺🇸 FBI warns Americans against using non-KYC #Bitcoin There are cryptocurrency remittance services, etc. pic.twitter.com/BkSuG6MiCE— Bitcoin Magazine (@BitcoinMagazine) April 25, 2024 The announcement, identified by alert number I-042524-PSA, urged Americans to engage only with registered money service businesses (MSBs) that comply with anti-money laundering (AML) regulations.Under US federal law, cryptocurrency remittance services must register as an MSB and comply with AML requirements (31 USC § 5330; 31 CFR §§ 1010; 1022). Failure to comply could result in…
The FBI’s recent announcement urging Americans not to use unlicensed money transfer services misses “considerable nuance” about how cryptocurrency services operate, says Piper Alderman partner Michael Bacina.
ConsenSys filed a lawsuit on April 25th alleging that the U.S. Securities and Exchange Commission (SEC) abused its authority to regulate Ethereum (ETH).The lawsuit alleges that the SEC aims to unlawfully regulate Ethereum through enforcement actions against various companies, including Consensys, and that this constitutes “aggressive and unlawful” excesses.Consensys plans to prove that the SEC lacks the legal authority to regulate ETH, its user-controlled software interface, or the Ethereum blockchain more broadly.Consensys wants the court to declare that Ethereum is not a security and that the company does not operate MetaMask to act as a broker or sell securities. It…
Ethereum price is attempting to recover above the $3,125 area. For ETH to continue rising in the near term, the resistance at $3,200 needs to be cleared. Ethereum extended losses and tested the $3,075 support area. The price is trading below $3,180 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major ascending channel forming with support at $3,140. The pair could continue to fall if it trades below the $3,125 support. Ethereum price faces resistance Ethereum price struggled to recover and extend losses below the $3,100 level. ETH traded as low…
PEPE prices have risen more than 50% over the week and the rally looks set to continue. Memecoins have also received support from whales, and this supply of PEPE could be the boost they need. PEPE Investors See Potential PEPE price, trading at $0.00000738 at the time of writing, has received tremendous support from investors. These meme coin enthusiasts have added PEPE to their wallets to boost the ongoing rally. A very important group in this process were whales. These large wallet holders have amassed more than $3.3 trillion in PEPE, worth more than $24.3 million, over the past two…
The Bored Apes founder was diagnosed with heart disease, which has a 50% mortality rate. But things are looking up for Wylie Aronow and BAYC.
Whether you’re new to cryptocurrency or have been in this space for a while, it’s always worth spending a little time researching the different ways you can grow your cryptocurrency assets. Here are 10 ways to start and increase your cryptocurrency holdings:Buy and Hold (hodling)This is the simplest and most popular method. This simply involves purchasing a cryptocurrency such as Bitcoin or Ethereum and then holding it with the expectation that it will increase in value over time.This method reduces the risk of making wrong decisions based on short-term market fluctuations and can lead to significant profits as the market…
Standard Chartered, which was previously optimistic about the U.S. Securities and Exchange Commission (SEC) approving an application for a spot ether exchange-traded fund (ETF) in May, has now revised its forecast. The bank still sees a positive long-term future for the spot Ethereum ETF. Standard Chartered on Spot Ether ETF Standard Chartered was previously bullish on the May approval of (…).