CME Traders Currently Shorting Over $6 Billion Of Bitcoin April 5, 2024 March was a big month for Bitcoin. It reached new all-time highs and ETF trading volumes reached $111 billion – almost tripling February’s $42 billion. ETFs purchasing 66,000 Bitcoin worth $3.3 billion, seriously outpaced miner production numbers of around 28,000, with that number soon to be halved. MicroStrategy’s $1.4 billion push to enter Bitcoin’s “1% [...]
Grayscale Believes Crypto Bull Cycle Is 50% Complete April 3, 2024 Coinrule One of the hardest parts of investing in crypto is “timing the top”. “A new paradigm”, “the super cycle” and “this time is different” themed X threads are written to keep you accumulating for the “next leg up”. However, Grayscale believes we are not there yet and detailed why in a report they released [...]
Sam Bankman-Fried: Founder of crypto platform FTX sentenced to 25 years in jail March 28, 2024 Bankman-Fried, 32, was convicted in November of fraud and conspiracy – a dramatic fall from a year earlier when he and his companies seemed to be riding a crest of success
Bitcoin’s Brief New All-Time High Sparks Bull Market’s First Liquidation Cascade March 7, 2024 Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets Tuesday evening reminded us of the savage volatility that makes crypto both feared and loved. A rejection from just above the previous $69,000 all-time high caused the market to [...]
Bitcoin’s spectacular surge: blasts beyond $64,000 in crypto frenzy March 4, 2024 Bitcoin reached a significant milestone on Monday, climbing to its highest level in two years, exceeding $64,000 as a surge of investment pushed it towards record territory.
Ex-Chancellor Philip Hammond appointed as chair of fintech Railsr February 29, 2024 Former Chancellor Philip Hammond has been appointed as the chair of Railsr, a year after the embedded banking platform was rescued from collapse.
Crypto boom sees old and new meme coins flying February 29, 2024 The total crypto market cap is now over $2 trillion for the first time in almost 2 years. Coinbase also jumped this week from 422nd to 277th top downloaded apps in the App Store - signalling increasing retail interest.
Bitcoin blasts through $63,000; experts predict meteoric rise February 29, 2024 Bitcoin surged beyond $63,000 on Wednesday, marking its highest level in over two years, fuelled by a wave of investment into new U.S. spot bitcoin exchange-traded products.
Crypto and AI are opposites that attract February 21, 2024 Last week Open AI introduced Sora - their text-to-video model - that creates realistic videos from a simple prompt. Open AI CEO, Sam Altman, also expressed his desire to raise an eye-watering $7 trillion, or 3.5x the current total crypto market cap, to fuel chip design and manufacturing to cater for increasing adoption of artificial intelligence (AI).
Michael Saylor’s MicroStrategy is just getting started February 20, 2024 Sam Bankman-Fried. Changpeng Zhao. Do Kwon. Michael Saylor. Previously, these names, and their success and failure drove crypto markets. Today, only one is still standing: Michael Saylor and his beloved company MicroStrategy (MSTR).