Bitcoin ETFs hit by record $671.9M outflows in 1 day

December 20, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

Bitcoin ETFs saw a record $671.9M outflows on Dec. 19, coinciding with Bitcoin’s price dip and marketwide liquidations.

Data from CoinMetrics shows that roughly one-third of the circulating supply of Bitcoin Cash (BCH) has never been touched.Coinmetrics also estimates that 2.3 million Bitcoins (BTC) have not moved in over five years — comprising 12.5% of the nearly 18.4 million BTC in circulation.32.6% of circulating BCH supply has never movedOn April 6, Coinmetrics published…

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Paraguay miners urge state electricity board to reconsider upcoming price hike

Capamad spokesperson Jimmy Kim claims that the electricity price increase set for Aug. 1 may force 70% of legal crypto miners out of business.

Altcoin Roundup: Holding Bitcoin? Here’s how to put it to work in DeFi

The long-awaited day finally came on Oct. 19 as the first Bitcoin (BTC) exchange-traded fund (ETF) went live on the New York Stock Exchange, thrusting the crypto asset into the limelight across mainstream news outlets and alternative media alike. Despite the fact that the ETF in question will hold no actual Bitcoin and is instead a…

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Hive Digital to expand operations to Paraguay for the first time

Bitcoin miner Hive Digital has plans to build a 100-megawatt mining facility in Paraguay powered by the nation’s Itaipu hydroelectric dam.

Raydium beats Ethereum in 24-hour fee revenues

Solana-based Raydium clocked $3.4 million in fee revenue on Oct. 21 versus $3.35 million for Ethereum, according to DeFiLlama.

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Bitcoin exchanges are witnessing the third-biggest net daily outflow of 2024

Bticoin dip-buying is top priority for some exchange users as BTC price highs give way to sell-offs elsewhere.

Blockchain Association policy head: US shouldn’t compete with China’s CBDC using surveillance tools

"We will not compete against China — an authoritarian dictatorship — by also acting like an authoritarian dictatorship," said Jake Chervinsky. 80 Total views 1 Total shares Jake Chervinsky, head of policy at crypto advocacy group the Blockchain Association, said the United States should be careful to avoid a “totalitarian nightmare” in its potential launch…

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