Tag: BTC
Here’s Why Robert Kiyosaki Won’t Invest in a Bitcoin ETF
Author Robert Kiyosaki explained his refusal to invest in a spot bitcoin exchange-traded fund (ETF). He emphasized, “I do not own gold or silver ETFs, just as I own gold…
$4,500 Crash Is Caused by Severe Bitcoin Market Volatility; $167 million in BTC Longs Are Erased in One Hour
Bitcoin’s (BTC) price dropped below the $62,000 barrier about 4:00 p.m. Eastern Time on Saturday after trading mostly in the $67,000 range during the morning. Within three hours, the cryptocurrency…
Cryptocurrency Market Faces Turbulence Amid Broader Economic Concerns
The cryptocurrency market experienced significant volatility on Friday as investor concerns about the broader economy and geopolitical tensions spread to digital assets. Bitcoin, the leading cryptocurrency, dropped to $63,000 after…
CF Benchmarks Introduces Bitcoin Volatility Index for Enhanced Market Tracking
CF Benchmarks, a UK-based firm, has launched its Bitcoin Volatility Index, providing a new tool to track and trade future bitcoin price volatility. This innovative offering includes two indices: the…
Bitcoin Surge Boosts Coinbase and MicroStrategy Stocks
Shares of leading cryptocurrency-related companies Coinbase and MicroStrategy soared in early trading as Bitcoin surpassed the $72,000 threshold, signaling renewed investor optimism in the digital asset market. Coinbase and MicroStrategy…
Chinese Asset Managers’ Hong Kong Units Eye Spot Bitcoin ETFs
Asset management firms based in China are making moves to introduce spot bitcoin exchange-traded funds (ETFs) through their Hong Kong subsidiaries. Harvest Fund and Southern Fund, with assets totaling over…
Bitcoin ETFs Experience $203 Million Daily Inflows as Halving Anticipation Grows
Spot Bitcoin exchange-traded funds (ETFs) continued their streak of net inflows, with a substantial $203 million influx observed on Friday, April 6. This marked the fourth consecutive day of positive…
Genesis Converts GBTC Shares into Bitcoin: An Overview of Major Financial Maneuvers
Genesis, a crypto lending firm grappling with bankruptcy, has executed a significant financial move by converting approximately 36 million shares of Grayscale Bitcoin Trust (GBTC) into Bitcoin. This maneuver is…
Bitcoin’s Future: The Great Divide Foreseen by Cobra
Cobra, the mysterious figure behind Bitcoin.org, has recently made predictions regarding an impending conflict within the Bitcoin community. Through social media, Cobra hinted at a divisive issue that could potentially…
Major Banks Express Interest in Direct Bitcoin Purchases from Mining Firm Hut 8, CEO Reveals
In the run-up to the Bitcoin reward halving event, Hut 8, a prominent bitcoin mining company listed on the Toronto stock exchange, has disclosed that several major financial institutions have…
Ethena Labs Boosts USDe with Bitcoin Backing Asset
Ethena Labs has announced the inclusion of bitcoin as a backing asset for its USDe synthetic dollar, aligning with the growing interest in the world’s oldest digital asset among traders….
Crypto Community Mobilizes for Bitcoin Emoji: Petition Seeks 50,000 Signatures for Unicode Approval
In a bid to cement its place in digital culture, Nexo and over 35 cryptocurrency organizations have launched a collaborative campaign to secure an official bitcoin emoji. The initiative, dubbed…
Crypto Investment Products Rebound with Nearly $900 Million Inflows
Amidst volatile market conditions, the crypto investment landscape witnessed a significant turnaround last week, bouncing back from previous outflows. According to CoinShares analyst James Butterfill, crypto-based investment vehicles experienced a…
LMAX CEO Foresees Bitcoin Valued in Six Figures Down the Road
In a recent interview with CNBC, David Mercer, the CEO of LMAX Group, shared his optimistic outlook on the future of Bitcoin, foreseeing its price soaring into six digits in…
Grayscale Study: Bitcoin Entrenched in Mid-Phase Bull Run, Eyes Future Growth
In a detailed examination conducted by Grayscale and researcher Michael Zhao, the current state of the Bitcoin market cycle comes under scrutiny amidst a robust resurgence in its valuation. With…
UK Court Freezes Craig Wright’s Assets Amidst Court Cost Dispute
A UK judge has authorized the freezing of £6 million ($7.6 million) worth of assets belonging to Craig Wright, a contentious figure who has claimed to be Satoshi Nakamoto, the…
Bitmain Unveils Antminer S21 Pro: Breakthrough Efficiency at 15 Joules per Terahash
Bitmain, the leading producer of bitcoin-specific ASIC mining equipment, has introduced its latest innovation, the Antminer S21 Pro, setting a new benchmark in energy efficiency for cryptocurrency mining. Revealed during…
Bitwise Pursues Spot Ethereum ETF Amid Regulatory Uncertainty
Bitwise, amidst growing uncertainty surrounding the approval timeline for new financial instruments, has filed for a spot ether exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC). This move…
Everything You Need to Know to Mine Bitcoin in 2024
Mining Bitcoin requires access to hardware and software. When everything is ready and your hardware is configured, you can begin mining. But, you must make sure that proper maintenance is done in order to…
British Man Sues Council for Right to Search Landfill for Lost Bitcoins
A British computer expert, James Howells, is embroiled in a legal battle with the Newport City Council over his right to search a landfill site where he believes his discarded…