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We post daily the best Bitcoin, Cryptocurrency & Blockchain News. Admin: @LevoBNTG
💰 El Salvador launches Bitcoin training for 80,000 public servants
El Salvador’s National Bitcoin Office (ONBTC) has launched a Bitcoin training and certification program for 80,000 public servants. In an Aug. 20 statement, ONBTC confirmed that Bitcoin education is now a vital component of a governance initiative designed for public sector employees. This program is part of the Higher School of Innovation in Public Administration (ESIAP), established by President Nayib Bukele in 2021 to elevate governance standards.
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💰 BlackRock’s IBIT boosts Bitcoin ETFs with $92.7 million inflow, total now $20.5 billion
Data from Farside shows that Bitcoin ETFs experienced a net inflow of $62.1 million, marking the largest since Aug. 8. The primary contributor to this surge is BlackRock’s IBIT, which alone attracted an impressive $92.7 million, bringing its total net inflow to a staggering $20.48 billion. Fidelity also saw a modest inflow of $3.9 million. However, not all Bitcoin ETFs performed positively—Bitwise’s BITB and Galaxy Invesco’s BTCO were the only issuers to experience outflows, losing $25.7 million and $8.8 million, respectively.
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🪙 Bitcoin Fog founder argues 30-year sentence ‘vastly exceeds’ similar cases
Roman Sterlingov, the man behind the crypto mixer Bitcoin Fog, is contesting a potential 30-year prison sentence following his conviction on several money laundering charges. In a 37-page sentencing memorandum submitted to the US District Court for the District of Columbia, Sterlingov’s defense team contends that the recommended sentences of 30 and 20 years by the prosecution and Probation Office, respectively, “vastly exceed” the penalties imposed in similar cases.
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JUST IN: 💰 Financial Post says that institutional demand is continuing to grow for spot #Bitcoin ETFs 🚀
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🗣️ Co-founder of BitMEX, Arthur Hayes, believes that for an altcoin season to begin, Bitcoin must surpass $70,000 and Ethereum $4,000.
He also predicts that if these levels are reached, Solana could rally to $250 during the next altcoin season.
What’s your prediction for Solana’s price?
🌚 - $180
❤️ - $250
⚡️ - $350
🐳 - $500
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💰 Lummis unveils the BITCOIN Act to establish strategic BTC reserve for the US
Following her announcement of a historic proposal to supercharge the US dollar and pay down the national debt by establishing a strategic Bitcoin reserve, US Senator Cynthia Lummis (R-WY) officially introduced the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act” in the Senate on July 31.
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💰 Bitcoin dips to $66K as US moves $2 billion in seized BTC to unidentified wallets
Bitcoin experienced a sharp decline to roughly $66,300 on July 29 after the US government transferred $2 billion worth of seized bitcoin (BTC) tied to the Silk Road marketplace. Arkham Intelligence revealed that a US government-owned wallet transferred 29,800 BTC to an unidentified address with no prior transaction history on July 29.
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🇺🇸 Sen. Cynthia Lummis announces bill for US Treasury to buy 1 million bitcoin worth $68 billion: Bitcoin 2024
Senator Cynthia Lummis, of Wyoming, will introduce a bill to direct the U.S. Treasury to purchase 1 million bitcoins — worth about $68 billion at current prices — over a period of five years next week, she said in an interview with The Block. The move is made to counter the effects of dollar debasement, she said. “Bitcoin is a great store of value. Over the last four years or so it has increased about 55% per year. During the same period, the U.S. dollar has declined in value and we’ve seen increasing inflation,” Sen Lummis said.
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💰 X seemingly drops Bitcoin emoji during Bitcoin Conference week surprising community
Social media platform X, formerly Twitter, has seemingly discontinued its support for the Bitcoin emoji (also known as a hashmoji or hashflag). As of press time, when typing #bitcoin into X, no Bitcoin logo is generated. Initially introduced in 2020, the emoji appeared alongside the hashtag #Bitcoin, adding an orange Bitcoin symbol to tweets. This feature became a hallmark of Bitcoin discussions on the platform, and its recent removal has sparked a backlash from the crypto community.
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💰 Lummis to propose Fed adopt Bitcoin as reserve asset at Nashville conference
Wyoming Senator Cynthia Lummis known for her pro-crypto stance, plans to propose that the Federal Reserve hold Bitcoin as a strategic reserve asset, akin to gold and foreign currencies, Fox News reported on July 24. The Republican senator, known for her pro-crypto stance, plans to propose that the Federal Reserve hold Bitcoin as a strategic reserve asset, akin to gold and foreign currencies. Sources told Fox that Lummis hopes former President Donald Trump will endorse the bill, lending significant weight to her proposal.
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🇺🇸 ETHEREUM ETFs TO START TRADING TODAY
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💰 Bitcoin ETFs See $1.2B Inflow as CBOE Sets Ethereum ETF Launch Date
Spot Bitcoin ETFs have racked up around $1.24 billion in inflows over the past week as spot markets recover. Preliminary figures from Farside Investors suggest that Friday, July 19, saw inflows of $384 million, with Fidelity leading the pack at $140 million inflows. This marks eleven consecutive trading days with a positive flow to these institutional investment products. Even Grayscale saw an inflow of $20 million to its GBTC spot ETF on Friday, the first positive flow day for the fund for a week.
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💰 Leading BTM Operator, Bitcoin Depot, Will Add Bitcoin to Its Treasury Reserves
Bitcoin Depot, a company that operates more than 7,400 bitcoin ATMs in the U.S., has announced that it will allocate part of its cash reserves to build a bitcoin treasury, following the footsteps of companies like Microstrategy. According to its CEO, Brandon Mintz, this move will allow company shareholders to “benefit from future BTC appreciation.”
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💰 Short-term holders recover gains as 87% of Bitcoin’s supply now in profit
Bitcoin's meteoric rise to $64,000 has turned the market green, reversing weeks of bearish performance. This uptick, triggered by shocking news, has significantly boosted short-term holder (STH) profitability metrics. For instance, the percentage of Bitcoin's supply in profit soared dramatically and STH-related ratios like NUPL have finally turned positive.
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💰 Bitcoin ETFs see 14% growth in institutional interest during Q2 despite downturn
Bitwise CIO Matt Hougan highlighted a notable increase in institutional investments in Bitcoin exchange-traded funds (ETFs) during the second quarter despite BTC value declining 12% over the three months. According to him, the number of institutional investors holding Bitcoin ETFs grew by 14% quarter-over-quarter, rising to 1,100 from 965. These investors now control 21.15% of the total assets under management (AUM) in Bitcoin ETFs, up from 18.74%. By the end of Q2, institutional holdings in Bitcoin ETFs totaled $11 billion.
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💰 Bitwise AUM surpasses $4.5 billion, expands to Europe with ETC Group purchase
Bitwise Asset Management has announced the acquisition of ETC Group, a London-based digital asset manager known for creating Europe’s largest physical Bitcoin ETP, BTCE. This strategic move elevates Bitwise’s assets under management (AUM) to over $4.5 billion and enhances its capability to serve European investors with institutional-grade products.
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Franklin Templeton is preparing a new ETF: Bitcoin and Ethereum under one flag!
✔️Asset manager Franklin Templeton has taken a step towards launching an innovative exchange-traded fund by filing an S-1 with the SEC.
✔️The new Franklin Crypto Index ETF will combine Bitcoin and Ethereum in one product, opening up new horizons for investors.
💡Well, it's time to keep your finger on the pulse - this fund promises to be interesting!
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💰 Yahoo Finance says #Bitcoin ETF holders have 'diamond hands.' 💎✋
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💰 Bitcoin power law model suggests $30K floor, $1M potential this cycle
Giovanni Santostasi’s Bitcoin Power Law model suggests Bitcoin’s price will not fall below $30,000 again, indicating a floor for future valuations. The model shows Bitcoin’s price trajectory will continue to rise, with its current ‘fair price’ at $86,339 and potential ceiling at $332,543. As depicted in the charts from Bitbo, the model uses linear regression to establish support and resistance bands, which have historically contained Bitcoin’s price movements.
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🇺🇸 Sen. Lummis draft bill allows US states to hold 💰 bitcoin
Sen. Cynthia Lummis' bill lays out a pathway for the U.S. to hold bitcoin and gives states the option to do so as well, according to a draft copy obtained by The Block. The bill is called the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act of 2024” or shorthand, the "BITCOIN Act of 2024," according to a draft version.
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💰 Vaneck Predicts Bitcoin Could Reach $2.9 Million by 2050
Asset management firm Vaneck released a report projecting bitcoin could reach $2.9 million per coin by 2050, becoming a global medium of exchange and reserve currency. The report suggests bitcoin could settle 10% of global international trade and 5% of domestic trade, with central banks holding 2.5% of their assets in BTC. Scalability challenges are noted, but Layer-2 solutions may enhance adoption.
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🇺🇸 Donald Trump says, “Tomorrow I’m going to be with the #Bitcoin people” for his plans to attend the conference today
🤝 @Cryptocurrency_Inside ✅
💰 MARA purchases $100 million worth of bitcoin, holdings surpass 20,000 BTC
Bitcoin miner MARA, recently rebranded from Marathon Digital, announced on Thursday it has purchased an additional $100 million worth of bitcoin. The acquisition brings MARA’s balance sheet holding to more than 20,000 ($1.3 billion) — nearly 0.1% of bitcoin’s total 21 million supply, according to a statement shared with The Block.
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💰 BlackRock Bitcoin ETF surpasses Invesco QQQ Nasdaq fund in 2024 inflows
The recent performance of the iShares Bitcoin Trust (IBIT) has surpassed the Invesco QQQ Trust Series 1 (QQQ) in year-to-date net flows despite a significant difference in total assets. Spencer Hakimian, Founder of Tolou Capital Management, shared data showing how IBIT has attracted $18,968.31 million in YTD flows, compared to QQQ’s $18,899.72 million. This is despite IBIT’s total assets of $21,969.13 million being dwarfed by QQQ’s $287,224.16 million.
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💰 Bitcoin miner HIVE Digital to build 100 MW crypto mining facility in Paraguay
The bitcoin mining firm HIVE Digital Technologies announced plans to build a new 100-megawatt (MW) crypto mining facility in Paraguay. "This potential opportunity is expected to add up to an additional 6.5 Exahash per second (EH/s) to our Bitcoin mining operations, increasing our global EH/s to 12.1 EH/s," the firm's executive chairman Frank Holmes said in a release. "This represents a significant milestone in our diversified growth strategy and supports our commitment to expanding our global footprint with data center operations in Canada, Sweden, Iceland and now Paraguay."
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💰 Veteran Trader Peter Brandt Identifies Bitcoin's Down Channel Pattern
Veteran trader Peter Brandt has emphasized that the current bitcoin price pattern “appears as a down channel.” Brandt’s recent analysis also indicates a potentially significant long-term upside for bitcoin, contrasting with gold advocate Peter Schiff’s bearish stance on the cryptocurrency.
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💰 US spot bitcoin ETFs post ninth consecutive day of net inflows
The 11 U.S. spot bitcoin exchange-traded funds saw $53.35 million in total daily net inflows on Wednesday, extending the positive streak to its ninth day. However, Wednesday’s net inflows were significantly lower than Tuesday’s $422 million. The largest spot bitcoin ETF in terms of net asset value saw $1.21 billion worth of trade volume on Wednesday. The only other fund that posted net inflows was Fidelity’s FBTC, which reported $2.83 million.
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💰 Kraken receives bitcoin from Mt. Gox Trustee, payouts anticipated in 7-14 days
Crypto exchange Kraken has received a pair of bitcoin and bitcoin cash transfers from the Mt. Gox Rehabilitation Trustee. Kraken appeared to write in an email to clients, according to a screenshot posted in the Mt. Gox creditors Telegram group. “While we will work to distribute funds as quickly as possible, please anticipate 7-14 days for funds to be credited to your account. The amount you will receive has been determined by the Trustee, and we will distribute according to their instructions.”.
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