Spot Bitcoin ETFs hit $1.7B weekly inflows, marking six-week streak

The traditional financial system is heading to a disaster with about $17 trillion in global bonds returning negative-yields. “The whole concept of negative yields, of people paying for the privilege of lending money, is insane behavior to me,” said William Eigen, a veteran fund manager at JPMorgan Asset Management, in an interview with Bloomberg.Gemini crypto…

Historical trends act as a gauge for traders to assess the possibilities for the future. April has been a bullish month for Bitcoin (BTC) with eight monthly closes in the green and only two instances of negative returns. Danny Scott, the CEO of the Bitcoin exchange CoinCorner, said that Bitcoin could rally to $83,000 if it…

CleanSpark bought over 3,800 mining machines at $15.50 per terahash – far below the current market price of $22.94 and an 85.4% discount from the all-time high costs of $106.62 in Dec. 2021. 307 Total views 4 Total shares Sustainability-focused Bitcoin (BTC) mining company CleanSpark has snapped up another 3,843 cryptocurrency miners amid a backdrop…

Fed Chair Jerome Powell said the bank has flooded the economy with money and would continue lending programs for as long as they’re needed. 556 Total views 6 Total shares Chair of the United States Federal Reserve Jerome Powell recently spoke about measures taken during the financial crisis, with many on Twitter viewing his remarks…

Is Mastercard trying to show some central banks the folly of their ways? Mastercard announced on Wednesday the release of a proprietary tool targeted to central banks that wish to test their Central Bank Digital Currency, or CBDC.Over 70% of central banks are entertaining the idea of a digital currency in some form, a Bank…

The Malaysian Ministry of Education has introduced E-Skrol, an application built on the NEM blockchain to deal with the issue of certificate fraud through the use of blockchain technology.In a Sept. 19 article by local news agency Bernama, the Ministry of Education in Malaysia announced that the previously introduced E-Skrol blockchain application, which makes it…

The CEO of a crypto firm that recently settled with the SEC over its 2017 ICO is suing T-Mobile over a series of SIM-swaps that resulted in the loss of $8.7 million worth of crypto. Reggie Middleton, the chief executive of crypto company Veritaseum, is suing telecommunications provider T-Mobile for allegedly enabling the theft of…

Court filings show that New York federal judge Jed Rakoff has rejected the request of a 61-year-old toy merchant-turned Silk Road vendor for a compassionate release amid the coronavirus pandemic that has claimed the lives of more than 10,000 New Yorkers.Judge Rakoff found that the inmate had failed to present an “extraordinary and compelling” case…

The Chamber of Digital Commerce Token Alliance has released a collaborative report of proposed guidelines for “responsible growth” of the cryptocurrency market, according to their July 30 press release. The Chamber of Digital Commerce is a blockchain and cryptocurrency advocacy group, founded by Perianne Boring in 2014. The document, entitled “Understanding Digital Tokens: Market Overviews…