CRYPTO

Anticipation of an eventual US spot Bitcoin ETF – which Bloomberg's analysts assign a 90% probability of being approved by the SEC in January…

… as well as surging prices, have helped to spur inflows into digital-asset investment products for a ninth consecutive week, the largest run since the crypto bull market in late 2021.

According to a recent report from CoinShares, these products which include trusts and exchange-traded products, saw inflows of $346 million last week, (more…)

Following a turbulent 2022, Tiger Global Management is bracing for another challenging year marked by losses, as the firm has reduced valuations for several portfolio companies. This information comes from Bloomberg, which cites sources familiar with the situation.

Tiger Global's $13 billion Private Investment Partners 15 fund marked down its stake in Bored Ape Yacht Club, collection of nonfungible tokens, and NFT marketplace OpenSea by 69% and 94%, respectively. It slashed valuations (more…)

Authored by Danny Yang via BitcoinMagazine.com,

The Ordinals protocol was introduced to Bitcoin in early 2023 at a most opportune time. Bitcoin had nearly two years of low transaction fees from the lack of demand to actually send Bitcoin transactions. Bitcoin is considered to be the most secure blockchain in the world, but that security depends on miners who receive their revenue from transaction fees and block rewards. As part of the predetermined supply schedule, the block rewards are (more…)