Tag: Bitcoin

Bitcoin's prices have plummeted to a seven-day low, according to market data for Monday, January 22, 2024. This drop marks the cryptocurrency's lowest point since the launch of new spot Bitcoin exchange-traded funds (ETFs) on January 11.  At the time of reporting, Bitcoin is trading at $38,958, reflecting a substantial ...

Circle Internet Financial, the issuer of the widely-used USD-Coin (USDC), has highlighted the significant role of USDC in facilitating Asia settlements in its latest State of the USDC Economy report.  Since its introduction in 2018, the stablecoin has emerged as a preferred choice for Asia remittances, facilitating transactions totaling over ...

In a departure from the flashy pop-culture-inspired advertisements of other prominent spot Bitcoin ETF providers, BlackRock has opted for a more subdued approach with its latest iShares Bitcoin Trust ETF (IBIT).  Released on Thursday, January 11, 2024, BlackRock's video ad features Jay Jacobs, the firm's US head of thematics and ...

The United States Securities and Exchange Commission (SEC) has finally approved the multiple spot Bitcoin Exchange-Traded products (ETPs) applications less than 25 hours after the agency had debunked a "fake approval" post on its X account. The US regulator announced this approval of a "number of spot Bitcoin exchange-traded product ...

The U.S. Securities and Exchange Commission (SEC) has reportedly offered feedback to potential issuers of bitcoin exchange-traded funds (ETFs) after they submitted documents disclosing service fees for their proposed offerings yesterday, January 8, 2023.  Some members of the crypto community pointed out that the SEC's swift feedback before it is ...

A Matrixport analyst, Markus Thielen, has predicted that the Securities and Exchange Commission (SEC) will reject all bitcoin spot exchange-traded fund (ETF) proposals this month. Despite ongoing discussions and revised S-1 prospectuses, Thielen contends that the current applications do not meet a crucial requirement necessary for SEC approval. Referring to ...

MicroStrategy, a leading corporate investor in bitcoin (BTC), continues its strategic accumulation of the cryptocurrency by acquiring 14,620 BTC for approximately $615.7 million. This purchase elevates the company's total BTC holdings to 189,150, with an estimated market value surpassing $5.9 billion.  CEO Michael Saylor confirmed the news of this purchase ...

Memecoins have been a constant presence in the crypto world since the inception of Bitcoin. However, their primary function often appears to be enabling investors to capitalize on prevailing trends. Consequently, the continuous, daily, creation of thousands of memecoins stems from the anticipation of leveraging market hype for substantial profits. ...

A cursory look at the weekly Bitcoin chart shows the coin hitting its highest price in quite some time, specifically since May 2022. This rally is indicative of a gradual power grab by the bulls over the last few months; Bitcoin's price broke the bear threshold and is poised to ...

Bitcoin and Ethereum are the two most prominent cryptocurrencies today. Historically, Ether's value has moved in tandem with Bitcoin's, following suit when Bitcoin rises or falls. However, this relationship appears to be changing. A closer look at recent price trends shows that Bitcoin experienced a remarkable 60% surge in 2023. ...