Category: Bitcoin News

US-based spot Bitcoin exchange-traded funds recorded their sixth day of inflows on Monday as Bitcoin rose over 12% over the period, marking the longest streak of fresh capital into the ETFs since October last year.  Data from Farside Investors shows Bitcoin ETFs raked in $199.4 million of net inflows on Monday. BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund led with $139.4 million and $64.5 million in inflows, respectively. The Bitwise Bitcoin ETF and Franklin Bitcoin ETF tallied inflows of $2.8 million and $2.1 million, while…

The US Securities and Exchange Commission is pushing to clear up years of confusion over a key broker-dealer reporting rule that prevented certain assets from being quoted by broker-dealers on the over-the-counter (OTC) market.  The SEC Rule 15c2-11 was first adopted in 1971, aimed at reducing fraud in the penny stock market. It requires broker-dealers to maintain up-to-date public information about an issuer before it can publish over-the-counter quotes. In 2021, the rule was reinterpreted to also include fixed-income securities (such as government or corporate bonds), which saw backlash from…

Cryptocurrencies seem to have lost their allure at the South by Southwest (SXSW) festival, giving way this year to panels and events focused on the rise of artificial intelligence. As the annual Austin, Texas event kicked off last week for a run through Wednesday, only a few official sessions focused on crypto, while a side event, the “Bitcoin Takeover” in downtown Austin, featured Bitcoin (BTC) maximalists and other industry representatives. “Almost exactly the pattern that’s playing out with AI is what’s playing out with crypto,” Ali Tager, the National Cryptocurrency…

Bitmine Immersion Technologies has accelerated the pace of its Ether purchases in recent weeks, chairman Tom Lee said Monday, following the company’s over-the-counter purchase of 5,000 ETH directly from the Ethereum Foundation. Lee said Bitmine added 60,999 Ether (ETH) over the past week, up from a recent weekly average of about 45,000 to 50,000 ETH. The purchases bring the publicly traded company’s Ethereum treasury to 4.596 million ETH, giving Bitmine control of about 3.81% of the token’s total supply. The company said its combined crypto holdings, cash and other investments…

Ether (ETH) bulls are eyeing a move back toward $2,800 in March, with at least three indicators showing ETH price potential to rise higher. Key takeaways: Ether’s price jumped by over 9% toward $2,280 on Monday. Multiple indicators, including a symmetrical triangle, hint at an extended price rally toward $2,800. Ether invalidates a bearish chart pattern On Sunday, Ether’s price action invalidated what initially appeared to be a bear pennant on the daily chart. Related: Ethereum Foundation sells $10.2M worth of ETH to BitMine in OTC deal The ETH/USD pair…