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BlackRock, the world’s largest asset manager, is seeking to amend its Bitcoin ETF (IBIT), which has been the top-performing ETF among its peers since launching on January 11. Bitcoin ETFs continue to attract institutional demand, bringing Bitcoin exposure to Wall Street and expanding its reach beyond retail investors. BlackRock Files Bitcoin ETF Amendment In a filing with the US Securities and Exchange Commission (SEC) on September 16, BlackRock requested that Bitcoin withdrawals from Coinbase, which acts as custodian for the…

Crypto exchange Coinbase has announced plans to add native support for its wrapped Bitcoin product, cbBTC, on the Solana blockchain. On September 21, Hassan Ahmed, Coinbase’s Country Director for Singapore, revealed this during the ongoing Solana Breakpoint conference. Solana Users to Gain Native Access to Coinbase’s cbBTC Ahmed stated that the move is driven by Base users’ enthusiasm for Solana. Once implemented, Solana users will gain access to Coinbase’s recently launched cbBTC. “We recently launched cbBTC on Base, but our…

A recent analysis from a CryptoQuant analyst, known by the pseudonym ‘Avocado Onchain,’  has highlighted a notable development in the Bitcoin market. According to the analyst’s observations, the Coinbase Premium, which tracks the price difference between Bitcoin on Coinbase and Binance, has turned negative. This indicates that the price of Bitcoin is lower on Coinbase compared to Binance, a signal that often points to a divergence in buying activity across different markets. Buying Pressure Shifts To Global Markets Despite the…

Lagos, Nigeria, September 16th, 2024, Chainwire Onboard is excited to announce a significant expansion and rebrand, coupled with a successful capital raise from Coinbase Ventures and LAVA. This expansion marks the evolution of Onboard from a digital money app and a global P2P exchange, to a comprehensive platform and ecosystem designed to empower onchain builders and creators globally. The world is facing unprecedented challenges, with over 3.5 billion people living below the poverty line, 75-90% currency devaluation, and rampant double…

Coinbase has addressed recent rumors that it was issuing Bitcoin IOUs to BlackRock for its spot exchange-traded fund (ETF) product. These rumors emerged as TRON blockchain founder Justin Sun criticized the firm’s wrapped Bitcoin product, cbBTC. Coinbase Clarifies ETF Operations Amid Bitcoin IOU Rumors On September 14, crypto analyst Tyler Durden suggested that Coinbase was issuing BTC IOUs to BlackRock. This would mean BlackRock could borrow Bitcoin to short it without proving they held a 1:1 ratio. Durden referenced Cryptoquant…

Recent analysis from CryptoQuant highlights that Bitcoin price may soon undergo a significant move, according to an indicator known as the Coinbase Premium. A CryptoQuant analyst under the pseudonym ‘Avocado Onchain’ noted earlier today that the Coinbase Premium, which measures the price gap between Bitcoin on Coinbase and Binance, is showing signs of convergence. The narrowing of this premium suggests that Bitcoin’s price is approaching its fair value, leading many to believe that a decisive move is imminent. How Does…

The post Is Bitcoin Primed for a Big Move? Coinbase Premium Hints at a Possible Breakout appeared first on Coinpedia Fintech News Bitcoin has recently seen a 2.28% rise, climbing from a local low of $55,629 to $58,401. This recovery follows a sharp decline to $52,732, raising questions about whether Bitcoin will experience a sustained rally or face another dip. The situation is becoming more intriguing as data from the Coinbase Premium suggests that a major price move could be…

The post Coinbase Triumphs Over SEC: Major Legal Win Reveals Crypto Secrets! appeared first on Coinpedia Fintech News In an astonishing win, Coinbase has secured a significant victory in its ongoing legal battle with the SEC. On September 5, a federal judge ruled in the favor of the crypto exchange to allow its legal team access to certain SEC documents. These documents will unfold the scenarios of how the regulator classifies crypto tokens as securities. Judge Allows Coinbase Access to…

The post Nansen CEO Dumps 3M Lido DAO (LDO) on Coinbase, Price Crash Coming? appeared first on Coinpedia Fintech News In this bearish market sentiment, Nansen’s CEO, Alex Svanevik has made a significant move that could trigger a sharp price drop in Lido DAO (LDO). On September 6, 2024, the on-chain analytic firm Lookonchain made a post on X (previously Twitter) that the CEO had dumped 3 million LDO tokens worth $2.89 million to Coinbase. Nansen CEO’s Bearish Move According…