Crypto News

Coin mixers like Tornado Cash have faced sanctions for aiding money laundering, but advocates argue they have legitimate use cases.Source link

The TON Foundation stated that this program resulted from an independent collaboration with a licensed partner, explaining that the UAE government had no direct involvement. “Application alone does not guarantee visa issuance,” the foundation emphasized, following the denials of involvement from government institutions regarding this initiative. TON Foundation Explains Status of Its 10-Year UAE GoldenSource link

BlackRock’s iShares Bitcoin Trust (IBIT) now holds 700,000 bitcoin (BTC), according to Glassnode data, and has amassed $76 billion in assets under management in just 18 months, outstripping both the iShares Core S&P 500 ETF (IVV), which tracks the U.S. equity benchmark, and iShares Russell 2000 ETF (IWM), which tracks the performance of small-cap U.S. stocks.The figures beats the 600,000 BTC held by Strategy (MSTR), which started purchases in 2020, and compares with Fidelity FBTC's 203,000 BTC and Grayscale GBTC's 184,000 BTC.“New milestone, iShares Bitcoin ETF now holds over 700,000 BTC. 700,000 Did this in 18 months. Ridiculous,” Nate Geraci, president of The ETF Store, commented in a post on X.The U.S. spot bitcoin exchange-traded funds (ETFs) debuted in January...

The Blockchain Group (Euronext Paris: ALTBG) has confirmed the acquisition of 116 bitcoin for approximately €10.7 million (about $12,5M), bringing its total holdings to 1,904 BTC, valued at around €172 million (approximately $202M). This announcement follows the final completion of a capital increase as part of the “ATM-type” capital increase program with TOBAM, which raisedSource link

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.Shares in cryptocurrency exchange Coinbase recently rose to $380, reclaiming valuations last seen on its Nasdaq debut on April 15, 2021, according to data source TradingView.The round trip, encompassing a recovery from the 2022 low of $31.55, has triggered an inverse head-and-shoulders (H&S) breakout on the weekly chart, indicating a prolonged uptrend potentially to levels above $600.Understand inverse H&SAn inverse head-and-shoulders pattern comprises three troughs, with the middle one being the deepest, marking peak bearishness, and the other two relatively shallower and roughly equidistant in magnitude.The shallower right shoulder, a sign of buyers looking to reassert themselves, is where volumes tend to pick up. Still, the...