Bitcoin

The State of Michigan Retirement System recently invested $6.6 million in Bitcoin using the ARK 21Shares ARKB spot BTC exchange-traded fund (ETF). This information was revealed in a 13-F Form filed with the Securities and Exchange Commission (SEC) yesterday. Michigan Pension Fund Supports the Ongoing Trend A 13-F Form is a quarterly report that institutional investors are required to submit to the SEC if they manage over $100 million in assets. This Bitcoin investment makes up 0.004% of the pension…

The Bitcoin conference in Nashville, Tennessee, has begun with much acclaim, offering startling revelations and announcements that have captivated the community. BeInCrypto covers the event’s highlights, spotlighting notable statements from key figures such as MicroStrategy CEO Michael Saylor and US Presidential Candidate Robert Francis Kennedy Jr. Michael Saylor Predicts $280 Trillion Bitcoin Market Cap During his keynote address at the Bitcoin 2024 conference, MicroStrategy CEO Michael Saylor forecasted Bitcoin’s market cap to reach $280 trillion by 2045. This would mark…

After over a decade of suspense, creditors of the defunct Mt. Gox Bitcoin (BTC) exchange have finally begun receiving long-awaited payouts this month. Data from research firm Glassnode shows that as of Tuesday, 59,000 of Mt. Gox’s 142,000 BTC had already been distributed to creditors via the Kraken and Bitstamp exchanges, with another 79,600 BTC to follow soon. Muted Selling Pressure Expected? According to a recent report by Glassnode, the total recovered coin volume amounts to over 141,686 BTC, with nearly…

Data shows social media users are currently not paying much attention to memecoins like Dogecoin (DOGE) as compared to Bitcoin (BTC) and other top caps. Bitcoin & Other Layer 1 Top Caps Getting All The Investor Focus Right Now According to data from the analytics firm Santiment, social media users are showing increased focus on the top layer 1 assets as compared to memecoin and other sectors. The indicator of relevance here is the “Social Dominance,” which is based on…

Big moves are on the horizon as Russia steps into the world of cryptocurrency. Initially, Russia imposed strict regulations, banning crypto payments and controlling exchanges. However, recent developments indicate a policy shift, with the government preparing to adopt a law on cryptocurrency payments and aiming to launch international crypto transactions by year's end.  Meanwhile, America is exploring the idea of holding Bitcoin reserves and candidate in president Trump has a crypto narrative.These developments could ignite a new bull market. Which…

The post Bitcoin Whale Accumulates 4,500 BTC from Binance Anticipating Higher Prices Ahead appeared first on Coinpedia Fintech News According to whale tracking platform Lookonchain, a significant whale, identified as “12QVsf,” has withdrawn a substantial amount of Bitcoin from major exchanges, likely accumulating amidst an anticipation of higher prices ahead. It withdrew a total of 4,500 BTC, valued at approximately $302 million, from Binance within the last 22 hours. The whale “12QVsf” currently holds 4,500 BTC with an unrealized loss…

The post Bitcoin ETF Whales Likely To Invest Major Capital In BTC Acquisition: Blackrock appeared first on Coinpedia Fintech News According to Adam Back, Blockstream CEO, in a post on X, the market should anticipate institutional investors with huge buying power to dominate the market. With $5 trillion worth of funds, Bitcoin ETF whales are likely to invest a majority of the capital into Bitcoin acquisition and consolidating their positions. Analysts say that BlackRock, with its over $10 trillion AUM,…

The post Grayscale Records Over $20B Outflows from Bitcoin and Ether ETFs appeared first on Coinpedia Fintech News Grayscale Investments has recorded over $20.4 billion in outflows from its spot Bitcoin and Ether ETFs combined. The Grayscale Bitcoin Trust ETF (GBTC) has lost an average of approximately $137.7 million daily in almost seven months since its launch. As of July 29, GBTC recorded total outflows of $18.86 billion. In contrast, all other nine spot Bitcoin ETFs maintain a positive balance.…

The post Here’s Why Mt. Gox Creditors Are Refusing to Sell Their Bitcoin appeared first on Coinpedia Fintech News As of July 24, more than 41.5% of the Bitcoin owed to Mt. Gox creditors has been distributed. This totals about 59,000 BTC out of 141,686 BTC, worth nearly $4 billion. Despite this major distribution, creditors aren’t rushing to sell. A recent Glassnode report shows that creditors who chose to receive BTC instead of fiat are mainly holding onto their assets.…