Bitcoin rose about 1.6% to trade near $63,700 on Aug. 4 after CNBC host Jim Cramer said he planned to sell his holdings because of concerns about quantum computing. Summary Cramer said he plans to sell Bitcoin after IBM chief Arvind Krishna raised quantum concerns. Bitcoin traded near $63,700, gaining 1.6% despite Cramer’s warning and
For now, some factors seem to favor the bear case. For instance, institutional demand remains anemic. The U.S.-listed spot bitcoin ETFs posted $61.53 million in outflows last week, snapping a three-week streak of tepid inflows. Moreover, USDT’s market capitalization, the largest among dollar-pegged stablecoins, fell to the lowest level since October, while USDC’s also remains
Coinbase will transfer institutional clients’ International Exchange accounts, balances and open positions to Deribit on Sept. 9, with trading expected to pause for about 30 minutes during the cutover. Summary Coinbase will migrate institutional International Exchange accounts, balances and positions to Deribit on September 9. Clients declining the transfer must close positions and accounts before
The first two weeks of the ether sale are over, and we have to date received over 25000 BTC from selling over 50 million ETH. This marks the largest cryptographic token sale to date, and with the two endowments places ETH as being the token with the 8th highest total value, even beating out the
Publicly traded Bitcoin treasury and mining company American Bitcoin’s stock jumped on Monday following news that the firm’s crypto holdings had increased. The company (NASDAQ: ABTC) reported a second-quarter loss on Monday due to the decline in Bitcoin’s price but still added the largest cryptocurrency to its holdings, boosting its stack from 7,021 to 8,002
Nigeria’s revenue authority has issued detailed crypto tax rules requiring exchanges and P2P marketplace operators to collect, report and remit taxes arising from virtual asset transactions. Summary Platforms must withhold 1% from taxable crypto disposals, while stablecoin sales remain exempt under guidelines. Staking, mining, airdrops and DeFi rewards may face 10% withholding when classified as
Now that the first two weeks of the ether sale are over, and over 50 million ETH has been sold, we intend to soon make a transaction to begin using the funds to repay loans and kickstart the process of setting up our development hubs and expanding our staff. We have made a commitment to
On August 11, 2020, a business intelligence company bought 21,454 Bitcoin at roughly $11,650 per coin. Then over the next 6 years, it just kept buying. It bought through euphoric all-time highs, through an 80% market drawdown, through headlines declaring Bitcoin dead (again). Today that company, Strategy (formerly MicroStrategy), holds over 843,000 BTC, more than
Jump Capital has closed its eighth institutional fund with $350 million in capital commitments, with the new vehicle dedicated to backing founders building AI applications, enterprise infrastructure, and cybersecurity technologies. Summary Jump Capital has closed its eighth institutional fund with $350 million to invest in AI applications, infrastructure, and cybersecurity. The firm said enterprise AI
