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Cryptocurrency exchange Binance’s bitcoin (BTC) reserves dropped by $355 million last month while customer balances grew by more than $4 billion, bringing the two figures more in line with each other, according to recently published exchange reserves data. At the turn of the year Binance, the largest crypto exchange by trading volume, held 622,192 BTC across third-party custody and exchanges balances. On Feb 1, that figure had shrunk to 618,563 BTC. Customer net balances, in contrast, grew from 575,296 BTC to 615,816 BTC, meaning the rate of collateralization fell to 100% from 108% . Balances of Tether’s USDT stablecoin also…
Indians typically view the US as a stable destination and a land of opportunities. In today’s interconnected world, where global mobility is the norm, more Indians have ties to the US, not just family but also business, financial, and other interests. Indian families who have members based in or are citizens of the US face unique and complex estate and tax planning needs, and ignorance often leads to high taxes and penalties. Therefore, careful planning is essential to minimize potential tax liabilities. Indians who own US assets may be subject to US estate taxes, regardless of their citizenship or residency…
Before investing in a mutual fund scheme, it is important to see — among other factors –the past returns delivered by a scheme vis-à-vis others schemes which fall in the same category.It is also recommended to view other factors such as the category which the scheme belongs to, overall economic scenario, reputation of fund house, and the past performance of fund managers.Here, we list out some value mutual fund which have delivered over 12 percent compound annual growth rate (CAGR) return in the past 10 years.Giving a consistent return of 12 percent over a 10-year period means the investment of…
MicroStrategy, now rebranded as Strategy, purchased 7,633 Bitcoin last week, after a brief respite in which the firm paused new acquisitions. The company, the world’s largest corporation holding Bitcoin on its balance sheets, now has 478,740 Bitcoin — more than 2% of Bitcoin’s total supply of 21 million. The price of Bitcoin is currently trading near $97,110. According to Strategy’s executive chairman Michael Saylor, the firm spent $742.4 million on its latest acquisition spree, with an average buy price of $97,255 per Bitcoin. Although the firm has failed to be profitable for the last several quarters, Strategy’s stock continues to…
BTC has always been a popular choice of token for investors. It is one of the most sought-after cryptos in the market due to its market cap and overall percentage of the. However, BTC saw one of the most influential booms in recent history when Donald Trump came into power. The re-elected POTUS Donald Trump framed his election campaigns in a way that depicted his pro-crypto stance. This made Americans more confident about investing in BTC even though prices show bearish tendencies due to macroeconomic developments. Amidst all this, the creator of BTC, Satoshi Nakamoto, remains a mystery. Nakamoto created…
Bitcoin is trading within the $97.6K range. The market has witnessed $44.52 million in BTC liquidations. The largest asset, Bitcoin (BTC) continues to dominate the cryptocurrency market as its price movements are crucial. BTC reflects a period of consolidation following multiple drops. Bitcoin’s price is suffering to reclaim the $100K mark, facing repeated rejections that triggered sharp pullbacks. The price action of the asset has established a series of lows and highs as it fails to maintain the momentum above the $100K mark. Intraday fluctuations have been notable, with BTC visiting a low of $94,745 and a high of $97,977. …
The team of each crypto project seeks to organize trading of its token on the exchange, as this not only opens up new opportunities for the development of the project, but also significantly affects the liquidity and value of tokens.Why Listing is NecessaryIn general, cryptocurrency listings on exchanges serve the same purposes as securities listings. The procedure makes coins available for purchase by a wide range of individuals and opens up opportunities for investors to profit from changes in the exchange rate. Project teams, in turn, gain the opportunity to attract additional liquidity.As with IPOs for stocks, many projects go…
In recent times, the crypto industry has escalated, with the estimation of about 9000 active digital currencies in 2023. Meanwhile, some other studies have indicated that about 20,000 cryptocurrencies or more have become inactive or discontinued, but many are added too. The evaluation of these figures shows the continuous evolution of this sector as it demands continuous business verification. The scrutiny process assists in detecting authentic entities and combating financial illegalities in real time. By conducting due diligence protocols, businesses can resolve the complexities of the crypto sector and make a strong foundation for long-term success.What is business verification for…
On February 10th, President Trump surprised the global trade community by announcing a 25% tariff on aluminum and steel imports. The announcement triggered a massive response by the market, and the crypto community was hit the hardest. Things were already dicey due to the latent possibility of a trade war. With this new announcement, tensions are high, and the signs are showing. As soon as the news was broken, there was another set of sharp dips in the crypto prices. BTC, one of the biggest crypto assets, plunged to $94,000 and dipped. Subsequently, other digital assets like XRP, ETH, and…
Ethereum is trading below the $2,700 price range for the past couple of days. Ethereum spot ETFs recorded around $500 million inflows since last January, 2025. Ethereum is going on a downward spiral despite recording a considerable amount of spot ETF inflows in the last few weeks. While Bitcoin is struggling to reclaim its $100,000 mark, the broader crypto market is underperforming for the past few days. Meanwhile, the crypto fear and greed index fell into the Fear zone, recording 35. Ether is trading at $2,642.59 at press time with a 0.25% drop in the last 24 hours. It is…