Crypto News

Swiss National Bank (SNB) President Martin Schlegel has rejected the idea of holding bitcoin as part of Switzerland’s central bank reserves, citing a lack of stability, liquidity, and security, according to local media. Speaking to the Tamedia group, Schlegel cited three primary concerns surrounding cryptocurrencies. The first one is their volatility, which he said makes them unsuitable for long-term value preservation. “Second, our reserves need to be highly liquid so that they can be used quickly for monetary policy purposes if needed,” Schlegel told Tamedia before pointing to a lack of security inherent in being software-based assets. “We all know that software can have bugs and other weak points.” The Swiss National Bank President’s words come amid a growing debate in Switzerland over...

Bitcoin is trading at $84,926 to $85,125 over the last hour with a market capitalization of $1.68 trillion and a 24-hour trading volume of $39.79 billion, while the intraday price range has fluctuated between $83,232 and $86,517, signaling key technical levels that traders are closely monitoring. Bitcoin On the 1-hour chart, bitcoin (BTC) shows signsSource link

University scientists converted everyday waste into sorbents that produce nearly four gallons of water daily with minimal energy.Source link

The addition of 1% to 2% allocation of its bitcoin ETF to its model portfolios by Blackrock signals growing institutional confidence in bitcoin, despite recent market turbulence. Blackrock Adds Bitcoin ETF to Model Portfolios, Strengthening Institutional Adoption Blackrock has integrated its iShares bitcoin trust ETF (IBIT) into its $150 billion model portfolio strategy. The moveSource link

Spot bitcoin exchange-traded funds (ETFs) in the U.S. saw $94.3 million of total inflows on the last day of February as crypto's worst month in three years came to an end. The figure capped an eight-day streak of outflow during which investors pulled over $3.2 billion from these funds as digital asset prices fell. BlackRock’s iShares Bitcoin Trust (IBIT), the largest spot bitcoin ETF by assets under management, was one of the outliers that saw $244.6 million in outflows on Friday. Meanwhile, other large ETFs, including Fidelity’s FBTC, brought in $176 million from investors, while the ARK 21Shares Bitcoin ETF saw the largest inflows, bringing in $193.7 million, according to Farside Investors data.The inflows came as the cryptocurrency market started...