💰 MicroStrategy bought $1.25B of Bitcoin in Q4, holdings now worth $8 billion
Business intelligence firm MicroStrategy announced its Bitcoin acquisitions for the fourth quarter of 2023 in a press release on Feb. 6. The company said it had acquired 31,755 BTC since the end of Q3 2024 for $1.25 billion, or $39,411 per bitcoin. MicroStrategy now holds 190,000 BTC at a total cost of $5.93 billion, or $31,224 per BTC, as of Feb. 5, 2024. The current market value of those Bitcoin holdings, however, is significantly higher at approximately $8 billion.
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💰 WisdomTree Bets on Adviser Adoption For Bitcoin ETF Success
WisdomTree, one of the ten issuers of spot bitcoin exchange-traded funds (ETFs), expects its product to be more successful towards the second half of the year thanks to adoption by financial adviser platforms. WisdomTree’s (WETF) head of digital assets, Will Peck said that the fund manager’s WisdomTree Bitcoin Fund (BTCW) is built for adviser distribution and to this point many of those platforms haven’t yet been allowing the trading of the new products.
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💰 Solana 'Chapter 2' crypto phone reaches 60,000 preorders
The next generation of Solana's hit crypto phone series is already receiving high levels of interest nearly a year before the product is set to ship. "The response to Solana Mobile has been incredible," said Anatoly Yakovenko, Solana co-founder and CEO of Solana Labs. "Since Chapter 2 was announced, we've had over 60,000 preorders and built a real community of dedicated users."
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📊 Crypto Trading Volumes Reached a 12-Month High
Analysts at blockchain analytics firm CryptoRank observed that trading volumes on centralized exchanges rose 10.4% since December 2023 to a 12-month high of more than $800 billion in January. Interestingly, Binance accounted for $400 billion as it appears to recover from the regulatory challenges it faced across several jurisdictions, including the U.S. Despite the increasing regulatory scrutiny, Binance remains the dominant trading platform, commanding an impressive 52% of the market.
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Best Telegram Crypto Channels 2024: Explore the World of Cryptocurrency
Dive into the dynamic realm of cryptocurrency with our curated list of the Best Telegram Crypto Channels for 2024. Whether you're a seasoned investor or a curious newcomer, this comprehensive guide offers something for everyone. From breaking news in the crypto world to in-depth analysis of market trends, trading signals, and insights into DeFi, NFTs, and the Metaverse, these channels are your go-to source for staying ahead in the fast-paced world of digital currencies. Stay informed, make educated decisions, and join the conversation today in the ever-evolving landscape of cryptocurrency with the best resources Telegram has to offer for 2024.
1️⃣General Crypto News & Updates
- @CryptoWorldNews
- @cryptomagazine
- @Cryptocurrency_Inside
- @Crypto_Publisher
- @CryptoWorldICOs
- @Bitcoin_Magazine
- @Bitcoin_NewsTG
- @BitcoinAltcoinCryptoNews
- @Crypto_Bitcoin_Trading_News
- @Crypto_Bitcoin_Blockchain
- @CryptoWorldAnalysis
- @CryptoNewsSource
- @altcoinnews
- @Crypto_ShortNews
- @crypto_signals_charts
- @Cash_Blockchain_News
2️⃣Specific Cryptocurrency News (Bitcoin, Ethereum, etc.)
- @bitcoinnews
- @Bitcoin_Insights
- @ethereumnews
- @Bitcoin_Ethereum_Trading
- @Bitcoin_Crypto_Coin_Calendar
- @Ethereum_Merge
- @EthereumBitcoinNews
3️⃣Trading, Charts & Signals
- @Binance_Coinbase_Bybit
- @altcointrading
- @Crypto_Futures_Trading
- @Bitcoin_Ethereum_Altcoins
- @Bitcoin_Crypto_Signals
- @ChartsSignalsTrading
- @Crypto_Trading_Reports
- @Premium_Trading_Crypto_Signals
- @Signals_Charts
- @Charts_Trading
- @InvestmentTradingUpdates
- @BitcoinBreaking
4️⃣DeFi, NFTs, Metaverse
- @DeFi_ICO_Invest
- @Metaverse_Crypto_Web3_GameFi
- @DeFi_Updates
- @NFTs_DeFi
- @DeFi_Ethereum
- @Defi_Trading_Nfts_Metaverse
- @Nfts_Hype
- @Metaverse_Defi_Nfts_Trading
- @NFTs_Metaverse_Coins
- @Nfts_Defi_Metaverse_News
- @Crypto_Nfts_Metaverse
- @Facebook_Metaverse_Nfts
- @Metaverse_Nfts_WEB3
5️⃣Market Analysis & Financial Updates
- @CryptoMarketTime
- @FinancialWorldUpdates
- @Uniswap_PancakeSwap
- @Blockchain_Crypto_Bitcoin
- @Cryptocommunity
- @BitcoinsHalving
- @Stocknews
- @Tradingnews
- @Coin_Trading_News
6️⃣AI and Tech in Crypto
- @Ai_Tools_Hunt
- @ChatGPT_News_Ai
7️⃣Humor and Community
- @Bitcoin_Crypto_Memes
- @Bitcoin_Action
🟠 Binance Data Including Code, Internal Passwords Leaked on GitHub: Report
According to 404 Media, the material, posted by an account called "Termf," included code, infrastructure diagrams, internal passwords, and other technical information. Some code available on the site is reportedly related to Binance's implementation of security measures, including passwords and multi-factor authentication (MFA).
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🪙 JPMorgan says Tether's increasing dominance is negative for crypto
“Tether is mostly at risk given its lack of regulatory compliance and transparency,” JPMorgan analysts said. "Tether is mostly at risk given its lack of regulatory compliance and transparency," JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a report on Thursday. "We therefore view the increasing concentration in Tether over the past year as a negative for the stablecoin universe and the crypto ecosystem more broadly.
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🪙 Tether reports profit of $2.9 billion in Q4 attestation, with $5.4 billion in excess reserves
Stablecoin issuer Tether reached a record $2.9 billion net profit in Q4 2023 and set an all-time high increase in excess reserves backing its tokens in circulation, according to its latest attestation report conducted by global auditing firm BDO. Net operating profit was around $1 billion, primarily resulting from holdings of U.S. Treasuries, with the rest of the gains largely related to the appreciation in the value of Tether's bitcoin and gold reserves during the quarter.
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💰 Spot Bitcoin ETFs were among best ETF launches of all time: 21Shares president
Ophelia Snyder, co-founder and president of 21Shares, called spot Bitcoin ETFs a success during an interview with Bloomberg on Jan. 30. 21Shares is responsible for a joint spot Bitcoin ETF with Ark Invest, one of several approved by the U.S. Securities and Exchange Commission (SEC) on Jan. 10. Snyder added that this trend is “really exciting” because it originates from a diversified base.
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🇪🇺 Binance Survey: 73% of European Users Optimistic About Crypto's Future
A new Binance survey has found that 73% of European respondents are optimistic about the future of crypto, with 55% exclusively using cryptocurrencies for everyday purchases. “We are delighted to see the high level of optimism amongst European crypto users, reflecting the growing interest in crypto and blockchain technologies,” said Binance’s CMO.
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🆘 South Korea’s crypto karaoke platform hacked for over $11.5 million
Somesing, a blockchain-based social karaoke platform in South Korea, suffered an exploit on Saturday and lost 730 million of its native token SSX, which amounts to $11.58 million, according to its announcement. The hacked amount included 504 million undistributed SSX tokens, which were planned for circulation by the end of 2025, and 226 million SSX that the Somesing foundation held and were already part of its current circulation, the notice said.
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💰 Ripple job listing sparks rumors of an XRP ETF
Ripple (XRP) appears to be laying the groundwork for a future XRP exchange-traded fund (ETF). This development surfaces as Ripple navigates through a high-profile legal tussle with the U.S. Securities and Exchange Commission (SEC), which many speculate could eventually lead to clearer regulations and the much-anticipated approval of other crypto ETFs besides the Bitcoin spot ETF.
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🚨 Trezor Issues Urgent Alert on New Phishing Scam
Trezor has confirmed a series of deceptive phishing emails targeting its users, coming just days after a security breach at their support portal. The company has issued an urgent security alert, advising users to be extra cautious.
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🇺🇸 U.S. files notice to sell $130 million worth of Bitcoin seized from Silk Road agent
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💰 Bitcoin recovers above $40k amidst GBTC outflows, other ETF inflows
Bitcoin prices recovered past the $40,100 mark on Jan. 24, 2024 amidst continued inflows and outflows involving various spot Bitcoin ETFs. Bitcoin (BTC) was up nearly 1% over the 24 hours ending at 11:55 p.m. UTC. on Wednesday, reporting a price of $40,143 and a market cap of $786 billion. During an earlier period that lasted about five hours, Bitcoin was worth less than $40,000, and it briefly fell as low as $39,563 at 9:00 pm.
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💰 BlackRock reaches $3.2 billion as Bitcoin ETFs continue to draw investor interest
Bitcoin ETFs are seeing a slight uptick for the seventh straight trading day, emphasizing their growing appeal among investors. BlackRock IBIT is leading the pack, with an additional $137 million net inflow, taking its aggregate to an impressive $3.2 billion, according to BitMEX Research. Notably, only Grayscale Bitcoin Trust (GBTC) has reported outflows on any day since the SEC’s spot Bitcoin approval, with the Newborn Nine ETFs yet to report a day of outflows.
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🚀 HUGE NEWS! 🚀
Tether invests $25 million into Oobit!
Oobit successfully concludes a Series A funding round with a $25 million investment from Tether, CMCC Global's Titan Fund, 468 Capital, and Solana's Co-Founder Anatoly Yakovenko. The confidence in Oobit's crypto payment solution is huge.
🌐 The $OBT token will be listed on Gate this week, and is already live on Uniswap & MEXC
Uniswap link: https://app.uniswap.org/tokens/ethereum/0x07f9702ce093db82dfdc92c2c6e578d6ea8d5e22
MEXC link: https://www.mexc.com/exchange/OBT_USDT?_from=search
Follow Oobit on socials to stay updated.
🔗 X: https://twitter.com/oobit
📢 Telegram Group: /channel/OObit
📲 OOBIT APP: https://play.google.com/store/apps/details?id=com.oobit&hl=en&gl=US&pli=1
The $25M investment: https://www.coindesk.com/business/2024/02/05/crypto-payments-app-oobit-raises-25m-in-series-a-funding-round-led-by-tether/
🪙 FTX files motion to offload $1.4 billion stake in AI startup Anthropic
Defunct cryptocurrency exchange FTX has filed a motion seeking court permission to divest its 8% stake in artificial intelligence company Anthropic Holdings. The move is a key component of FTX’s comprehensive plan to liquidate holdings and marshal resources aimed at repaying customers and creditors impacted by its collapse in November 2022.
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🇸🇻 El Salvador Stands Firm on Bitcoin, Defying IMF's Renewed Call to Drop BTC as Legal Tender
El Salvador has reaffirmed its commitment to embracing bitcoin despite the International Monetary Fund’s repeated calls for the country to drop the cryptocurrency as legal tender. The Salvadoran vice president emphasized that not only will El Salvador’s bitcoin law be maintained but at this moment the cryptocurrency also “enjoys the greatest credibility in the entire world.”.
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🟠 Binance touts 35% hike in compliance budget as firm girds for monitor, sentencing of ex-CEO Zhao
The world’s biggest cryptocurrency exchange says it’s increased year-over-year spending on compliance from $158 million to $213 million, purchasing a raft of new software systems to block and report suspicious transactions. The increased outlay also reflects personnel costs, including Binance’s decision to bring back executive Steve Christie as its deputy chief compliance officer.
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💰 Bitcoin's Mining Difficulty Skyrockets by 7.33%, Setting New Record for 2024
On Friday, Feb. 2, 2024, the Bitcoin network witnessed a significant milestone as its mining complexity metric surged by 7.33% at block height 828,576. This marked the most substantial increase in difficulty for the year thus far. The current level of difficulty stands at 75.50 trillion, reaffirming its status as the most challenging period for bitcoin mining to date.
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💰 Polygon Labs lays off 19% of team after 'rapid growth' during crypto's bull run
Polygon Labs is laying off 19% of staff, the organization's CEO Marc Boiron announced in a post to X on Thursday. Polygon Labs' decision to dismiss "60 teammates" follows several other companies announcing layoffs during last year's downturn. In 2023, high-profile crypto companies like Coinbase, Binance and OpenSea all announced layoffs. Roughly one year ago, Polygon Labs also cut 20% of staff.
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💰 Bitcoin heads for fifth consecutive monthly green candle amid rollercoaster market conditions
This month was a rollercoaster ride for the digital asset, with peaks touching $49,000 and troughs sinking to roughly $38,500. The volatility was stoked by the eagerly anticipated launch of the spot Bitcoin ETFs, which initially spurred a sell-off but eventually bolstered recovery. The period from September to December 2023 also recorded green monthly closes for Bitcoin, which saw Bitcoin shoot up from $25,000 to $45,000 in anticipation of the ETF.
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🪙 One Crucial Factor for Ethereum ETF Approval: Bitfinex’s Head of Derivatives
Bitfinex’s Jag Kooner highlights that while ETFs link traditional finance with crypto, this connection may not extend to other crypto assets lacking the established reputation of “digital gold” like Bitcoin. However, Jag Kooner, Bitfinex’s Head of Derivatives, suggests that the approval of a Bitcoin ETF could impact the SEC’s view on an Ethereum ETF, likely influenced by Ether’s classification as a security or commodity.
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🪙 Tether minted another $1b USDT on Tron
According to LookOnChain, Tether has minted $13 billion in new USDT tokens on Ethereum and Tron blockchains since October last year. The latest addition to Justin Sun’s Tron decentralized network is $1 billion in USDT. While the tokens have been minted, on-chain data showed that the USDT added to Tron on Jan. 29 has not been issued yet. This means that the massive mint was intended for future purposes, as confirmed by Tether CEO Paolo Ardoino.
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🪙 Roughly ‘60% chance’ of spot ETH ETF approval in May: Seyffart
Spot ether ETFs have roughly a 60% chance of being approved in May, according to Bloomberg Intelligence analyst James Seyffart. Earlier this week, the Securities and Exchange Commission delayed decisions on the potential BlackRock and Grayscale ether ETFs. Alongside BlackRock and Grayscale, Ark 21Shares and VanEck are also in the running for a spot ether ETF.
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💰 ⛏ 11 out of the 13 biggest publicly traded Bitcoin
mining companies will not be profitable after the upcoming halving❗️
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💰 BlackRock’s Bitcoin ETF crosses $2 billion in inflows, with Fidelity close behind
Grayscale GBTC, despite experiencing the lowest outflow since Day 1 at $394 million, continues to exhibit a consistent outflow trend, according to BitMEX research. This trend is in sharp contrast to BlackRock’s IBIT Bitcoin ETF, which saw inflows jump to $170 million, a marked increase from the Jan. 24 inflow of $66 million. This surge solidifies BlackRock’s position, pushing their total inflow over the $2 billion threshold, a first among ETF providers, according to BitMEX research.
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💰 Bitcoin hovers just under $40,000 as market tracks Grayscale outflows
Bitcoin price eclipsed $40,000 at different points on Wednesday but largely hovered just below that mark, as market watchers continued to observe the selling off of Grayscale's spot bitcoin ETF. The price of the world's largest cryptocurrency by market capitalization was $39,672 at 4:37 p.m. ET, according to The Block's Price Page. While it's up 1.3% over the past 24 hours, bitcoin's price has declined nearly 14% over the past two weeks.
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💰 Bitcoin ETFs see minor net outflows of $100 million as BlackRock acquires 4,080 more Bitcoin
Bitcoin ETFs in the U.S. saw inflows of around $409 million yesterday as BlackRock recorded a purchase of roughly $160 million Bitcoin by adding a further 4,080 coins to its balance. Data shared by Bloomberg analyst James Seyffart last night, Jan. 23, revealed $515 million in outflows for Grayscale with $249 million inflow from the other Newborn Nine ETFs. Given the now-released BlackRock data, this confirms that Jan. 23 was a net outflow day for Bitcoin ETFs of around $100 million.
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