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

The FTX co-founder may be able to face one less charge relating to his alleged mismanagement of the cryptocurrency exchange. 423 Total views 25 Total shares United States prosecutors have signaled they will drop a charge against FTX co-founder Sam Bankman-Fried, which had alleged he conspired to make unlawful campaign contributions.In a July 26 letter…

The price of Bitcoin (BTC) is approaching the last weekly candle for the month of August. Some traders believe Bitcoin’s performance over the next two weeks could decide whether its price drops below $10,000 again or sees an extended uptrend.The week’s weekly candle close coincides with the expiration of CME’s Bitcoin futures contracts and Deribit’s…

OK Group, the conglomerate behind cryptocurrency exchange OKEx, is investing approximately 10 million RMB ($1.4 million) into Yun Qu Technologies, a blockchain startup based in Wuhan.The announcement was made on April 8 on China’s state news network, Xinhuanet. Yun Qu is headquartered in Wuhan, the epicenter of the novel coronavirus outbreak. The investment was being discussed…

Bearish sellers seem to be trying to stop a rising tide as overall buy and hodl demand takes precedent this week. 2003 Total views 7 Total shares Bitcoin (BTC) bears are “exhausted” and are even selling at a loss this week, fresh data confirms.In a tweet on Tuesday, Philip Swift, an analyst at trading suite…

When the United States Securities and Exchange Commission filed legal action against Ripple Labs and its top-two executives in December, alleging that its XRP coin was in fact a security and that the firm had raised over $1.38 billion through an unregistered securities offering in 2013, many wondered if XRP would even survive. Some exchanges delisted…

The four class-action suits against Bitfinex, Tether and parent company iFinex over alleged market manipulation leading to Bitcoin’s (BTC) 2017 bull market have been consolidated — with implications for every BTC buyer since April 2017.Per an order dated Jan. 24 and filed Jan. 27 from Judge Failla of the court of the Southern District of…