Grayscale Bitcoin ETF nullifies $66.9M inflows in 2 days
Grayscale’s Bitcoin ETF saw substantial investment outflows that surpassed the $66.9 million it had attracted just a few days earlier. Go to Source
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Microstrategy Boosts Bitcoin Holdings to 214,400 BTC With Latest Purchase
Microstrategy, the Nasdaq-listed software intelligence firm and “the world’s first bitcoin development company,” has disclosed that it now holds 214,400 bitcoins after the latest purchase. “We acquired 25,250 additional bitcoins since the end of the fourth quarter, our 14th consecutive quarter of adding more bitcoin to our balance sheet,” said the company’s chief financial officer. … Read more
MicroStrategy’s Bitcoin conviction ‘strong’ as it posts Q1 profit
The one-time income tax benefit helped the firm reach a profit of $94 million in the first quarter of 2023. Go to Source Powered by WPeMatico
Bitcoin Fraud-Accused South African Radio Presenter Threatens Legal Action
Following accusations that he defrauded investors in his bitcoin investment scheme, the South African radio presenter Sebasa Mogale has said he will take legal action against individuals that have reported him to the police. His lawyer insisted that no evidence will be found because Mogale never committed fraud. Five Fraud Cases Opened Against Mogale Sebasa … Read more
Popular Radio Presenter Suspended for Alleged Ties to Bitcoin Scam
South Africa’s national broadcaster has suspended one of its employees that is accused of convincing unsuspecting people, including pensioners, to invest in a cryptocurrency scam. More than 100 people are believed to have fallen victim to promises of very high returns to investors in the bitcoin investment scheme. 300% Return on Investment The South African … Read more
Institutional crypto funds see largest capital inflows for 3 months
The data from CoinShares shows a weekly inflow of $193 million, with more than half of that figure going to Bitcoin alone. Solana is also getting attention and broke a record in the process. Go to Source Powered by WPeMatico
Grayscale gears up for legal battle with SEC over Bitcoin ETF
“I think all options are on the table,” said the Grayscale CEO, adding that the company has put its “full resources” into converting its flagship Bitcoin trust. Go to Source Powered by WPeMatico
Mexico’s Third Richest Billionaire’s Advice: Invest in Bitcoin, Stay Away From Dollars, Euros
Mexico’s third-richest billionaire has advised people to stay away from fiat currencies, like the dollar and euro, and invest in bitcoin. Calling fiat “fake money made of paper and lies,” he stressed that “central banks are printing more money than ever before.” Ricardo Salinas Pliego Recommends Investing in Bitcoin, Says Avoid Fiat Money Mexico’s third-richest … Read more
US Public Pension Fund for Firefighters Adds Bitcoin and Ether Worth $25 Million to Portfolio
The $5.5 billion pension fund for the U.S. city of Houston’s firefighters has announced an investment in bitcoin and ether. “This investment marks the first announced investment in digital assets by a public pension plan in the U.S.” ‘A Watershed Moment for Bitcoin and Its Place in Public Pensions’ The Houston Firefighters’ Relief and Retirement … Read more
Kenyans Cautioned Against Investing in BTC Company Promising Returns of 400% in Six Hours
A Kenyan regulator, the Capital Markets Authority (CMA), has cautioned investors and Kenyan citizens against investing with Fxbitinvest, a bitcoin trading company. The warning was issued after the regulator noted Fxbitinvest’s use of exaggerated return-on-investment promises to lure unsuspecting Kenyans. Unrealistic Promises According to a CMA statement issued on August 12, Fxbitinvest is offering prospective … Read more
