China News by Thebittimes.Com

On June 17, BlackRock’s iShares Bitcoin Trust ETF (IBIT) recorded $639 million in inflows, having added 6,088 Bitcoin (BTC) to its holdings.  Since its inception in January 2024, IBIT’s cumulative inflows have amounted to over $50.67 billion. With roughly 670,295 BTC under management, the fund now commands roughly 54% of the total U.S. Bitcoin ETF market, currently valued at $131 billion, according to CoinMarketCap.  BlackRock BTC balance history. Source: Arkham Intelligence BlackRock continues to dominate  Continuing its week-long buying streak, IBIT outperformed every other U.S.-listed spot Bitcoin ETF.  Its major competitors, like Fidelity Wise Origin Bitcoin Fund (FBTC), ARK 21Shares Bitcoin ETF (ARKB), and Bitwise Bitcoin ETF (BITB), for instance, all saw major net outflows on the same day. https://twitter.com/arkham/status/1935454255835455516 BlackRock isn’t the only one buying, though. Strategy (formerly Microstrategy), fo...

On October 26, Ramp, a financial technology firm focused on establishing payment infrastructure that links the cryptocurrency economy with the worldwide financial system , announced a significant collaboration with Linea.  Linea is a developer-friendly zkEVM rollup designed to enhance the scalability of Ethereum decentralized applications (dApps). The agreement entails the integration of Linea Network’s advanced blockchain technology with Ramp Network’s extensive global payments infrastructure, according to information shared with Finbold. During the first phase of this strategic alliance, individuals from over 150 countries and territories have gained the capability to acquire ETH and USDC directly via the Linea Network. This is made possible by using the Ramp widget, which is accessible through Ramp’s wide-ranging network of integration partners.  This is also the first phase of investigating the potential collaboration between Linea Network and Ramp Netw...

Join Our Telegram channel to stay up to date on breaking news coverage During these difficult times, as rumors fly about how much cryptocurrency will be worth following the catastrophic collapse of the cryptocurrency exchange FTX and other significant platforms, a crucial question has emerged: “Who will keep your cryptocurrency safe?” As a result, some members of the cryptocurrency community are urging a return to its decentralized origins. “Not your keys, not your coins” is one of the movement’s rallying cries. Or, only have faith in yourself. But in order to do so, people must manage their own cryptocurrency wallets, which is a trickier but safer method that necessitates creating sophisticated passwords and occasionally purchasing real hardware to store money as opposed to entrusting it to an exchange. A company like FTX was intended to keep your funds, but instead, they ended up lending them out, stated Tracy Wang, deputy managing editor at t...