The fate of Bitcoin’s price throughout the rest of the year largely lies in the answer to one question: Will a Bitcoin spot ETF be approved in the United States? Joe Carlasare – a commercial litigator supporting Bitcoin – tweeted on Monday that he gives such a product a 30-40% chance of launching inside of...Read More
Ordinals developers are pioneering ways to make reduce blockchain bloat caused by Bitcoin NFTs, potentially reducing their creation costs by 90%. The latest among these is BRC69 – a new standard proposed by Ordinals launchpad platform Luminex to “optimize the costs of inscribing on Bitcoin using the Ordinals protocol.” The BRC69 Standard According to Luminex’s...Read More
After a significant rise, the bulls appear to have relaxed a bit as the prices of the majority of the tokens have been facing extreme consolidation. The star crypto, Bitcoin, witnessed a significant upswing and rose above $31,000. Besides, the Lite version of Bitcoin, Litecoin, displayed an iconic rally in the past few days and...Read More
Bitcoin (BTC) has seen positive returns for two consecutive quarters, ending the first half of 2023 in green, according to data compiled by the cryptocurrency information platform CoinGlass. For the first quarter, the leading crypto asset posted a return of 71.77% and 7.19% at the end of the second one. The last time bitcoin recorded...Read More
Bitcoin appears to have hovered in a narrow range over the past few days but it has managed to pull off a stunning 86% rally since the beginning of the year. The inflows over the past week are indicative of the fact that the world’s premier crypto asset continues to remain the primary focus of...Read More
Bitcoin Depot – a US-based Bitcoin ATM provider – announced it will start trading on Nasdaq on July 3 after partnering with the fintech company GSR II Meteora Acquisition Corp. Previous reports revealed that the agreement between the two entities is worth $885 million. ‘BTM’ Pops up on Nasdaq The partners announced the finalization of...Read More
Bitcoin continues to reign supreme as it recently surpassed the significant $31,000 mark, sparking a wave of bullish sentiment among investors and analysts. Bitcoin’s value surged beyond $31,000 on Monday following a tumultuous week of trading. This was influenced by news regarding applications for spot ETF funds and conjecture about their potential approval by the...Read More
According to a KuCoin research, 49% of German crypto investors believe digital currencies could help them achieve long-term wealth accumulation plans. Every fourth thinks the asset class could serve as a store of value amid the current economic turbulence. Most German crypto investors fall in the Generation Y demographic group, also known as Millennials (those...Read More
John Michael Musbach – a 34-year-old resident of Haddonfield, New Jersey – was reportedly sentenced to six and a half years in jail for hiring a hitman to commit a murder. He transferred $20,000 worth of BTC to the “executor” to kill a kid that was about to testify against him in a child-pornography case....Read More
As we enter July, the crypto market eagerly awaits the upcoming move. Bitcoin, the flagship cryptocurrency, has been flirting with the $30.5K mark, a level that has both investors and analysts on their toes. SEC’s recent decline on spot BTC ETF applications has put intense selling pressure, bringing warning signs of an immediate move among...Read More
The bitcoin price remains within the same range after the bears drove the price back close to $30,500 level. The market sentiments for the star crypto have not been bearish, even though the SEC stated that the ETF filings are inadequate. However, the price is constantly failing to rise and reclaim levels above $30,800. Hence...Read More
Bankrupt crypto lender Celsius has been granted permission to begin liquidating its altcoins into Bitcoin (BTC) and Ether (ETH). This will occur before distributions to creditors take place, who expect to receive their assets denominated only in the top two cryptocurrencies by market cap. According to Bankruptcy judge Martin Glenn, Celsius “may sell or convert...Read More
Fidelity Digital Assets – the $4.5 trillion asset manager’s crypto-arm – has resubmitted its filing to launch a Bitcoin Spot ETF in the United States. Parts of the filing are virtually identical to BlackRock and ARK Invest’s respective submissions earlier this month. Fidelity Tries Again According to a 19-b4 filing with the U.S. Securities and...Read More
The North Carolina House of Representatives has passed a bill that includes provisions to investigate the acquisition and potential benefits of Bitcoin and other cryptocurrencies. House Bill 721, titled “State Precious Metals Depository Study,” aims to examine the potential impact of a state securely holding, insuring, and liquidating virtual currency, with special emphasis on Bitcoin....Read More
Blackrock’s application to the SEC for a Bitcoin ETF has caused Bitcoin’s volatility to return. After months of low trading, the recent rally pushed Bitcoin above $30,000. While Ethereum is still experiencing rejection from a significant resistance level, Bitcoin is forming a new pattern that could potentially lead to a breakout. According to a new...Read More
Cathie Wood’s ARK Invest has amended its Bitcoin Spot ETF filing to include a new surveillance sharing agreement, taking cues from the filing presented by investment giant BlackRock earlier this month. The modification may give ARK a better chance of getting its product approved by the U.S. Securities and Exchange Commission (SEC), which has denied...Read More
In the midst of market volatility, Bitcoin shows a solid stability by holding the $30K threshold. This trend is mainly boosted by Fidelity’s strategic move to file for a Bitcoin ETF, which could potentially catalyze a bullish trend. Furthermore, predictions from a Bloomberg analyst suggest that BlackRock, the world’s largest asset manager, may soon receive...Read More
Bitcoin surging past the $31,000 psychological level was crucial in many ways. For one, the world’s premier cryptocurrency hit a one-year high amidst the incessant bear market. But the gains may not stop here. Historically, July has been a month for strong rallies, according to the digital asset platform Matrixport. In its latest analysis, Bitcoin...Read More
Soon after the beginning of the American trade, the crypto space geared up and rose. With the Bitcoin price rising above the narrow consolidation and heading towards the crucial resistance of $30,800, the market cap is also heading to seal levels above $2 trillion. The market cap of the crypto space, which has been crawling...Read More
Bitcoin started off the week on a solid note, above $30,000 after rapid gains. The market participants catalyzing this trend are taking their BTCs off centralized exchanges as investor confidence in this platform continued to diminish. Bitcoin held on exchange addresses has been in a perpetual decline following the COVID-19 crisis. as per Glassnode’s latest...Read More
A slew of major U.S. grocery chains have been targeted by scammers in recent months posing fake bomb threats with demands for ransom payments. While often involving cash or gift cards, the scammers have sometimes requested that their victims pay them in Bitcoin (BTC). The Supermarket Scam As reported by the Wall Street Journal on...Read More
Hut 8 announced entering into a $50 million credit facility with Coinbase Credit as the lender. In a statement, the North American crypto miner revealed that the proceeds from the loan will be used for general corporate purposes while providing it with added financial flexibility and helping it maintain a dynamic Bitcoin treasury management strategy....Read More
Jim Cramer – the host of CNBC’ financial TV show “Mad Money” – clarified that he is “not against crypto” but opposes such projects that scam people. This is yet another controversial statement coming from the American who has changed his view on the industry countless times over the years. The crypto community often mocks...Read More
Robert F. Kennedy Jr, who recently announced he will run for President of the US as part of the Democratic Party, vowed to implement Bitcoin-friendly policies if elected. The Republicans also have a crypto-loving candidate and his name is Francis Suarez. The 45-year-old, who currently serves as mayor of Miami, involved the city in numerous...Read More
The global acceptance of Bitcoin, the pioneering cryptocurrency, is projected to witness a remarkable surge over the next decade, according to industry analysts. With estimates indicating that global acceptance will rise from under 1% to over 10% by 2033, coupled with a decreasing supply of new Bitcoin entering circulation, the bullish prospects for the digital...Read More
The Bitcoin Spot Exchange-Traded Fund (ETF) has been a significant catalyst in the recent bullish rally that saw Bitcoin’s price touch near the $31,000 mark. However, the recent turmoil near $30K in Bitcoin’s price has raised questions about the sustainability of its uptrend. The pump led by the Spot ETF applications, which had previously fueled...Read More
The Bitcoin (BTC) market continued with the bear market relief rally in the last few days after a blast off towards $30k. The impressive rally has been described as whale-induced as institutional investors move quickly to absorb as many coins as possible before next year’s Bitcoin halving. From a technical standpoint, Bitcoin price on the...Read More
Recent survey conducted by TResearch estimated that nearly 93% of Salvadorans approve of the leadership of President Nayib Bukele. This has been the highest level of support for the political leader who stepped into his role in 2019. Bukele is a well-known figure across the cryptocurrency community, mainly due to his pro-Bitcoin stance. Under his...Read More
Just a few days ago, Bitcoin was consolidating heavily below $27,000 and failing to rise above these crucial levels. While the targets set for the flagship crypto were initially at $26,600, then $27,600, and finally $28,800, which acted as major resistance for a while. However, as the huge players entered the crypto space, the investors...Read More
Invesco – an American investment company with over $1.4 trillion of assets under management – reactivated its attempts to launch a Bitcoin Spot exchange-traded fund (ETF) in the United States. WisdomTree – another US finance giant – submitted a similar application to the SEC. The latest efforts come a few days after the world’s largest...Read More
