Bitcoin has been consolidating in a range 10%-15% below record highs as investors largely tempered expectations of further interest rate cuts. What to know: Headline inflation rose faster than expected last month, but the year-over-year core rate declined, cheering investors.…
Osprey Funds, an investment management firm based in Fairfield, Connecticut, has announced its intention to convert the Osprey Bitcoin Trust (OBTC) into a spot Bitcoin exchange-traded fund (ETF). The decision follows the termination of a deal for Bitwise Asset Management…
There is a danger that forced or panic selling could lead to further bitcoin weakness and a break below $90K could lead to a 10% retracement, the report said. What to know: Macro headwinds have seen digital assets sell-off since…
Global crypto exchange BitMEX was slapped with a $100 million fine on Wednesday. A Manhattan federal judge confirmed that the exchange violated the Bank Secrecy Act by “willfully failing” to establish US anti-money laundering (AML) rules. Per the official statement…
In the last few weeks, four firms have announced bitcoin purchases, while seven companies announced a strategy, but no acquisition. What to know: NYSE-listed Genius Group increased its bitcoin treasury to $35 million. Nasdaq-listed Ming Shing bought BTC worth $47…
Russia’s self-styled “crypto queen” Valeria Fedyakina has been charged with “stealing” Bitcoin (BTC) and foreign currency “worth $21.3 million. The Russian state-run news agency TASS reported that prosecutors say Fedyakina, also known as “Bitmama,” offered her clients “investments in crypto”…