Good morning! We have listed the latest news for you. Start the day with a bitcoin breakfast.
Binance has successfully recovered $4.4 billion in digital assets for users who made mistakes with their deposits. This follows the approval of a $4.3 billion settlement with the US Department of Justice. The company reports this on its blog.
The recovery follows a period in which users did not see their crypto appear in their accounts due to various errors. This happened after incorrect wallet addresses and compatibility issues. Meanwhile, Binance has faced a fine and regulatory issues, including recent issues in Nigeria and an exit from the Netherlands.
Bitcoin saw a decline of more than 3% from its 24-hour high to just below $61,500. That comes after investors withdrew a significant $598.9 million from Grayscale’s spot bitcoin exchange-traded fund (ETF) on February 29. This is the second largest net outflow in the fund’s history. Also, the Grayscale Bitcoin Trust (GBTC), recently converted into an ETF, reported nearly $600 million in daily net inflows on the same day. This is evident from preliminary data from Farside Investor.
The downturn comes shortly after bitcoin hit a two-year peak of $64,000, driven by record-high combined net inflows of $673.4 million into the ten US spot bitcoin ETFs on February 28.
Donald Trump’s crypto portfolio is currently worth $6.6 million. The MAMA memecoins based on himself accounts for about 60 percent of that impressive portfolio. Donald Trump also owns Ethereum, BABYTRUMP and MATIC.
With this he seems to be investing more broadly in the market, but Bitcoin is still missing at the moment.
The former president of the United States is participating in the country’s presidential elections again this year. At the moment he seems to have a good chance of taking the victory.
Source: https://bitcoinmagazine.nl/nieuws/goedemorgen-bitcoin-binance-komt-klanten-tegemoet-met-44-miljard-aan-verkeerd-gestorte-fondsen
