Blackrock’s IBIT pulls in $29.5 million as Bitcoin ETFs lose $284 million

January 14, 20250Comments

Altcoins News

Coinbase Announce Support for PNUT, Trading set to begin on January 15

Coinbase, the largest crypto exchange in the United States announced support for the popular Solana Memecoin Peanut the Squirrel (PNUT). Coinbase announced the development on X giving details on its listing while warning users against losing their funds from wrong operations. “ Coinbase will add support for Peanut the Squirrel (PNUT) on the Solana network…

January 14, 20250Comments

Bitcoin News

Italy’s Largest Bank Intesa Sanpaolo makes debut purchase of Bitcoin

Italian Banking giant Intesa Sanpaolo made its debut purchase of Bitcoin marking the first time an Italian banking entity deals in cryptocurrency. The Bank purchased 11 BTC for a little under One million Euros. The transaction made history for being the first direct purchase of cryptocurrency by an Italian banking entity. The development was made…

Ethereum News

Ethereum ETFs lose $68.5 million Recording no Inflows for the Third Time in a row

Ethereum Price action on a 7-day scale: Source: Coingecko

Bitcoin News

Blackrock’s IBIT sheds $183.6 million draining Bitcoin ETFs

Blackrock’s IBIT recorded the largest outflow of funds on the last day of the trading week. The Bitcoin ETF lost $183.6 million on Jan 10 contributing to the $149 million net outflow of the 11 spot Bitcoin ETFs. There was minimal activity in the market on Friday last week with very few of the Bitcoin…

Indian Exchange Mudrex halts crypto withdrawals till January 28, Cites Compliance Upgrades

Indian Exchange Mudrex halted crypto withdrawals on its platform citing ongoing Compliance Upgrades. Normal Operations on the platform are set to resume on January 28 and Indian Rupee withdrawals are not affected by the development. Alankar Saxena, Founder of Mudrex announced the development giving details on the modalities involved and the motive behind the decision…

FTX Set to Resume $1.2 Billion Repayment to Creditors after Trump’s Inauguration

Now Defunct FTX exchange founded by Sam Bankman Fried is set to resume paying creditors from Jan 20. The operation date tallys with the Inauguration date of President-Elect Donald Trump. FTX is set to repay up to $1.2 billion to creditors who have fulfilled pre-distribution requirements for initial distribution from Jan 20. The development was…

A1 Flags and Poles Flags State North Dakota Flag 1A

January 11, 20250Comments

North Dakota joins Growing Trend, Considers Setting up Crypto Reserve

The state of North Dakota is considering diversifying its assets into crypto and precious metals. Legislators in the state drafted a resolution that seeks to mitigate the impact of inflation on North Dakota’s finances by diversifying its assets. Digital assets and Precious metals are the two foremost investment vehicles considered in the resolution. The official…

January 10, 20250Comments

Grayscale Outlines 39 New Crypto Assets under Consideration for Adoption

Grayscale Investment outlined 39 crypto assets classified as Assets under Consideration it plans to include in its future investment products. The investment firm also updated its existing family of products alongside outlining the new 39 crypto assets it is considering for inclusion. Both selections were made based on Grayscale’s Crypto Sectors framework. The Framework was…

standard chartered london head office photo source standard chartered

January 10, 20250Comments

Standard Chartered Bank Establish a New Entity in Luxembourg to Provide Crypto Custody Services

Standard Chartered Bank announced the approval of the Licence and the ability to open a new entity in Luxembourg, to act as its European Union (EU) regulatory entry point for the provision of crypto and digital asset custody services to EU clients. The approval follows the implementation of the Markets in Crypto Assets Regulations (MiCA)…