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NFT Collections Drive Market Recovery With a 3.74% Increase in Weekly Sales

NFT Sales Defy Recent Downtrend NFT sales have seen a 3.74% increase compared to the previous week, reaching a total of $236,234,800 over the past seven days. This recent surge goes against the trend of declining NFT sales in the previous weeks. Top-performing NFT Collections The standout NFT collection in terms of sales this week

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Bitcoin Holdings of Spot ETFs Surge as Blackrock and Fidelity Lead the Way

Blackrock's IBIT and Fidelity's FBTC Hold Nearly 75% of Bitcoin Reserves In recent reports, it has been revealed that several spot bitcoin exchange-traded funds (ETFs) have significantly increased their bitcoin holdings. These ETFs, including Blackrock's IBIT and Fidelity's FBTC, have amassed a substantial amount of BTC since their launch on January 11, 2024, with the

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UK Police Seize 61,000 Bitcoins in Major Chinese Investment Fraud

Overview The U.K. Metropolitan Police have made a significant breakthrough in the fight against cryptocurrency fraud, seizing over 61,000 bitcoins from a massive investment scam originating in China. This seizure stands as one of the largest cryptocurrency confiscations worldwide and highlights the global reach and impact of these fraudulent schemes. The Seizure During the trial

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Economist Peter Schiff Discusses Likelihood of a Fed Interest Rate Cut in March

Peter Schiff on the Fed Rate Cut and Inflation Economist Peter Schiff recently shared his insights on the U.S. economy, the Federal Reserve's policy, and the possibility of a rate cut in March. In a series of posts on social media platform X, Schiff expressed his thoughts on the matter. The Federal Reserve decided to

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Grayscale Bitcoin Trust Reduces Holdings as New ETFs Acquire Over 160,000 BTC

Grayscale's Bitcoin Trust (GBTC) has seen a slowdown in its reduction of bitcoin holdings, while nine newly launched spot bitcoin exchange-traded funds (ETFs) have collectively acquired an impressive total of 160,661.38 bitcoin. GBTC Reduces Bitcoin Holdings While 9 ETFs Gain Ground Recent data shows that Grayscale's Bitcoin Trust (GBTC) has experienced a decrease in its

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The Shift of Illicit Actors Away from Bitcoin: Implications and Policy Considerations

Introduction Significant changes are occurring in the realm of illicit actors utilizing cryptocurrencies. According to a report published by TRM Labs in 2023, Bitcoin is no longer the preferred asset for criminals. This shift in cryptocurrency usage has profound implications for the cryptocurrency ecosystem and requires a reevaluation of policy approaches. The Changing Landscape The

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BlackRock’s Spot Bitcoin ETF Volume Surpasses GBTC, Indicating a Market Shift

Introduction BlackRock's spot Bitcoin ETF has achieved higher trading volume than the Grayscale Bitcoin Trust (GBTC) for the first time since its launch. This development suggests a potential slowdown in outflows for GBTC, which has experienced over $5 billion in outflows since its inception. In contrast, other spot Bitcoin ETFs, including BlackRock and Fidelity, have

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73% of European Crypto Users Optimistic About the Future, Says Binance Survey

A recent survey conducted by cryptocurrency exchange Binance has revealed that 73% of European respondents are optimistic about the future of cryptocurrency. The survey, which included participants from France, Spain, Italy, and Sweden, aimed to understand the investing habits of European crypto users. The results showed that 55% of the participants exclusively use cryptocurrencies for

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