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9amelia87

@9amelia87

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ameli6aron
@ameli6aron
BlackRock’s iShares Bitcoin Trust (IBIT) has just recorded its largest outflow since it launched a year ago — as United States trading resumed on Jan. 2.
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olivia533brown9
@olivia533brown9
It is the largest ever outflow since the product launched in January 2024, eclipsing the previous record of $188.7 million on Dec. 24, according to Farside Investors.
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jamesethansson
@jamesethansson
The move follows a market closure on New Year’s Day but marks the third consecutive trading day of outflows for the BTC investment product, which is another record. Over the past week, BlackRock’s iShares Bitcoin Trust has seen $392.6 million in outflows.
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angus6423
@angus6423
Terraform Labs co-founder Do Kwon appeared before a New York magistrate on Jan. 2, less than a week after being extradited to the United States to face criminal charges for his role in the Terra ecosystem collapse.
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alfredandme009
@alfredandme009
Appearing before US Magistrate Judge Robert Lehrburger, Kwon pleaded not guilty to nine charges, including securities fraud, wire fraud, money laundering and commodities fraud. A status conference is scheduled for Jan. 8, allowing for the defense and prosecution to share evidence.
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austin998099
@austin998099
Kwon was apprehended in Montenegro in 2023 after authorities arrested him for using falsified travel documents. He was sentenced to four months in prison but remained in custody for much longer as courts tussled over his extradition destination.
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isabella819jones
@isabella819jones
On Dec. 27, Montenegrin Justice Minister Bojan Bozovic finally approved Kwon’s extradition to the United States.
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chsmith07201
@chsmith07201
“The gravity of the criminal acts, the place of execution, the order of submission of the request, the citizenship of the requested person, the possibility of further extradition to another country, as well as other circumstances,” the Ministry of Justice said.
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ellaevans51771
@ellaevans51771
Two US Republican Party lawmakers are calling on the Treasury Department to provide answers to how a Chinese state-sponsored entity hacked and accessed employee workstations.
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9amelia87
@9amelia87
In the Dec. 31 letter to Treasury Secretary Janet Yellen obtained by Law360, Senator Tim Scott, a member of the Senate Banking Committee, and Representative French Hill, the House Financial Services Committee vice chair, asked for a full congressional briefing on the breach by Jan. 10.
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9amelia87
@9amelia87
In the Dec. 31 letter to Treasury Secretary Janet Yellen obtained by Law360, Senator Tim Scott, a member of the Senate Banking Committee, and Representative French Hill, the House Financial Services Committee vice chair, asked for a full congressional briefing on the breach by Jan. 10.
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charlottedavis
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According to the ARK Investment CEO, Trump’s administration will likely create a more business-friendly environment, benefiting venture-backed startups seeking acquisition opportunities.
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abrahamwilson
@abrahamwilson
Wood also reiterated her optimistic outlook for BTC price, maintaining her prediction that the cryptocurrency could exceed $1 million by 2030 — having surged beyond $108,000 this year.
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johnsonapollo42
@johnsonapollo42
Fuelled by institutional interest, such as through exchange-traded funds (ETFs), and due to its limited supply, Wood said that BTC “is becoming even more scarce than gold.”
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augustwilson081
@augustwilson081
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el88thoms
@el88thoms
Wood said that Federal Reserve Chair Jerome Powell previously described BTC as a digital version of gold, which aligns with the CEO’s positive outlook that the crypto market is still in the “early innings.”
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lucasjohnson0988
@lucasjohnson0988
Comparing BTC to gold on Dec. 5, Wood weighed gold’s $15 trillion market against BTC’s $2 trillion market, suggesting significant potential for growth for the cryptocurrency.
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jennymiller2381
@jennymiller2381
Copper withdrew its application to register with the UK’s Financial Conduct Authority on Dec. 20, saying it will shift focus to foreign hubs under its new CEO, the firm confirmed to Cointelegraph on Friday.
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ireneevans451
@ireneevans451
Chaired by former UK Chancellor of the Exchequer Philip Hammond, Copper is one of the largest crypto businesses in the UK and has reportedly received millions in investment from Barclays.
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9amelia87
@9amelia87
Copper’s former CEO Dmitry Tokarev — who started the business in 2018 — stepped down in October, with banking veteran Amar Kuchinad taking over as global CEO.
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