The justice ministry of Taiwan has reported an increase in bribery cases involving the use of Bitcoin (BTC) and Ethereum (ETH). According to the China Times, Taiwan’s justice ministry has issued a warning stating that cash is no longer the sole form of currency used in corruption cases. The ministry expressed concerns about the emergence…
In the financial world of 2023, Bitcoin remains the dominant force in the crypto market. The original digital currency has experienced a notable price increase, securing its top position in the cryptocurrency market. However, amidst Bitcoin’s popularity, several other digital currencies are also finding their places in the market, albeit with less attention. Santiment, a…
BlackRock has submitted a revised application for its iShares Bitcoin Trust ETF after the SEC deemed the previous application insufficient. The Nasdaq exchange has made changes to an application for a Bitcoin spot ETF on behalf of BlackRock. This comes after the SEC had concerns with their first attempt. Nasdaq selects Coinbase as surveillance partner:…
Bitcoin Depot and GSR II Meteora Acquisition Corp have finalized their agreement, with the aim of making Bitcoin accessible to a wide range of people in a secure and safe manner. Bitcoin Depot, a prominent Bitcoin ATM operator in the United States, has completed its merger with GSR II Meteora Acquisition Corp., a special purpose…
Bitwise’s Matthew Hougan believes the spot Bitcoin ETF market will be highly competitive with a dominant player. Matthew Hougan of Bitwise suggests that while many contenders are seeking approval from the US Securities and Exchange Commission (SEC) to launch a spot Bitcoin ETF, only a few will ultimately achieve success. According to Matthew Hougan from…
Fidelity Updates Bitcoin ETF Application Following SEC Comment; BTC Trading Volume Surges Over 100%. Global asset manager Fidelity has recently filed its official application for a Spot Bitcoin ETF. However, the U.S. Securities and Exchange Commission (SEC) expressed that the initial filings made by Blackrock and Fidelity for Bitcoin ETFs lacked clarity and comprehensiveness. In…
According to the SEC, the recent filings submitted by BlackRock, ARK Invest, Fidelity, and other asset managers are deemed insufficiently clear and comprehensive. The launch of a spot Bitcoin exchange-traded fund (ETF) in the United States could face a longer delay, as the Securities and Exchange Commission (SEC) has declared the recent applications from investment…
According to the report, the largest cryptocurrency by market cap has historically shown a tendency to experience a rally during the month of July. In a report released on Wednesday, crypto-services provider Matrixport highlighted that optimistic investors in Bitcoin (BTC) are getting ready for the anticipated “seasonal surge.” They emphasized that the world’s largest cryptocurrency…
A well-regarded crypto analyst is cautioning about a possible Bitcoin (BTC) correction on the horizon, following the cryptocurrency’s impressive performance in the previous week. According to trader Justin Bennett’s recent blog post, Bitcoin (BTC) has experienced an impressive rally since June 15th, with a substantial surge of around 25% in less than two weeks. However,…
Fidelity is set to join the race for a spot bitcoin ETF, with their filing anticipated to be submitted as early as Tuesday. This move puts them in direct competition with other issuers vying to introduce their own bitcoin exchange-traded fund. The competition for a spot bitcoin ETF is intensifying as Fidelity, a prominent asset…
Presidential candidate Robert F. Kennedy Jr. expressed his support for Bitcoin and his opposition to Central Bank Digital Currencies (CBDCs) in a recent interview with the New York Post. Bitcoin Gains Support from Presidential Candidate Robert F. Kennedy Jr. During an interview, Robert F. Kennedy Jr., a presidential candidate, expressed his commitment to implementing policies…
Bloomberg Intelligence Senior Macro Strategist, Mike McGlone, recently shared his perspective on Bitcoin’s future. In a recent interview, Mike McGlone, Bloomberg Intelligence Senior Macro Strategist, provided evaluations on the outlook of Bitcoin. Bitcoin’s price recently experienced a spike following BlackRock’s application for the Bitcoin Spot ETF, causing it to hover around $30,000. However, Mike McGlone…
BRICS is considering Bitcoin as a potential alternative to the US dollar as a global reserve currency. Central Bank of Russia has established dedicated organizations focused on cryptocurrency mining. The BRICS alliance, made up of prominent emerging economies, is exploring the possibility of using Bitcoin as an alternative to the US dollar for global reserve…
According to JPMorgan, Bitcoin miners who adopt a specific approach are the sole entities capable of thriving in an intensifying competitive landscape. JPMorgan’s research report highlights that Bitcoin miners equipped with both low electricity costs and access to sustainable energy sources are the only ones poised to endure the growing competition within the industry. The…
According to Real Vision CEO Raoul Pal, it’s crucial for investors to act now and begin acquiring digital assets without delay. In a recent video on Real Vision Finance, the former Goldman Sachs executive emphasized that the current macroeconomic conditions offer a favorable opportunity to invest in Bitcoin (BTC) and other cryptocurrencies. Pal anticipates the…
Valkyrie Submits Spot Bitcoin ETF Application as Bitcoin increased by almost 20%, surpassing $30,000 Valkyrie, a prominent financial company, has recently applied to the U.S. Securities and Exchange Commission (SEC) to launch a Bitcoin Exchange-traded fund (ETF). The company submitted the registration for the spot Bitcoin ETF on June 21 and aims to have it…
Bitcoin price has shown remarkable progress, surpassing key resistance levels at $28,000 and $30,000. This surge comes as optimism grows regarding the potential approval of a spot Bitcoin ETF in the United States. Bitcoin price is approaching its highest levels of 2023, benefiting from an overall improvement in market sentiment. The past few weeks have…
The bankruptcy plan states that holders of approved DIP claims will be fully compensated for their claims on the effective date of the plan. Bankrupt Bitcoin miner Core Scientific has submitted a Chapter 11 plan in the U.S. bankruptcy court for the Southern District of Texas Houston Division. The plan was developed through negotiations with…
WisdomTree and Invesco, investment managers, have filed for spot Bitcoin ETFs shortly after BlackRock’s Filing. Following BlackRock’s application for a spot Bitcoin ETF, at least two investment firms have filed for their own spot Bitcoin ETFs. WisdomTree, an asset management fund based in New York, is the latest firm to submit a filing for a…
Whale buying signals positive market sentiment as Bitcoin shows steady growth at $26,799. Bitcoin whales have been actively acquiring the cryptocurrency in the market over the past two months, accumulating nearly $3.5 billion worth of BTC since early April. Despite a perceived decline in BTC’s value, these large holders remain bullish on the long-term prospects…
Amid market uncertainty, Bitcoin (BTC) has been trading within a consolidation pattern in recent weeks. The uncertainty in the cryptocurrency market was heightened as the United States Securities Exchange Commission (SEC) took legal action against Coinbase and Binance, two prominent cryptocurrency exchanges. The SEC alleged that these exchanges listed unregistered securities. Despite the challenging circumstances,…
Institutional Buying Boosts GBTC Amid Hopes for BlackRock’s U.S. Bitcoin Spot ETF On June 17, data from monitoring resource CoinGlass revealed that the Grayscale Bitcoin Trust (GBTC) came close to reaching new highs for the year 2023. The GBTC, a prominent investment vehicle for Bitcoin, demonstrated significant upward momentum in its price, reflecting growing interest…
In a significant step, BlackRock, one of the world’s largest asset managers, is planning to enter the world of cryptocurrency. Larry Fink, the CEO of BlackRock, has applied for a Bitcoin ETF, which holds great importance in the crypto community. With BlackRock managing a massive $10 trillion in assets, this move has the potential to…
Charles Hoskinson, the founder of Cardano, expressed his disapproval of the commotion within the crypto community surrounding the Blackrock Bitcoin ETF application. Hoskinson criticized the excessive noise generated by this development. Blackrock’s journey in the realm of crypto market adoption has been notable, starting with CEO Larry Fink’s description of Bitcoin as an “index of…
US House Chair Patrick McHenry to Monitor SEC’s Response to BlackRock Bitcoin ETF Application US House Financial Services Committee Chairman Patrick McHenry recently expressed his support for the BlackRock iShares spot Bitcoin ETF on Twitter. In his tweet, he criticized the regulatory approach of the Securities and Exchange Commission (SEC), led by Gary Gensler, stating…
In a statement, Ivan Chebeskov, who heads the Financial Policy Department of the Russian Ministry of Finance, acknowledged the substantial profits generated by Russian Bitcoin miners from cryptocurrency mining. According to Ivan Chebeskov, the Head of the Financial Policy Department of the Russian Ministry of Finance, Russian Bitcoin miners collectively earn approximately $4 billion annually…
BlackRock partners with Coinbase Custody for Spot Bitcoin ETF, while SEC lawsuit resolution nears. In a significant and unexpected move, BlackRock, the financial giant, submitted an application for a spot Bitcoin ETF, causing a major stir in the crypto industry. The timing of this filing is particularly noteworthy, as it coincides with a period of…
In a significant move, the European Central Bank (ECB) has announced a 25 basis points increase in the three key ECB interest rates, impacting the price of Bitcoin and the broader financial landscape. In a noteworthy development, the European Central Bank (ECB) announced its decision to raise the three key ECB interest rates by 25…
Binance Launches Bitcoin Mining Subscription Services to Exclude U.S. Crypto Investors Binance, the cryptocurrency exchange, has introduced Bitcoin mining subscription services, allowing users without mining equipment to participate in mining. Starting from June 15, users can purchase hashrates, which represent the computational power required for verifying Bitcoin transactions on the decentralized ledger. This initiative enables…
Binance CEO CZ Rejects Bitcoin Sales and Market Manipulation Claims; Vows to Defend Against SEC Lawsuit Binance CEO Changpeng Zhao, also known as CZ, has denied accusations suggesting that Binance engaged in undisclosed Bitcoin sales with the aim of manipulating the price of its native token, BNB. Concerns were raised by industry experts, such as…
User Participation in Bitcoin Button Game Resumes on June 12 After Introduction Last Year The widely popular Bitcoin button game has made a comeback, following its initial launch by Binance last year. Responding to the overwhelming demand, Binance has reintroduced the game, driven by its immense popularity among users. As a global leader in cryptocurrency…
Binance CEO CZ Addresses Decline in Bitcoin and Altcoins in Twitter Statement Changpeng Zhao, the CEO of Binance, which holds the title of the world’s largest cryptocurrency exchange based on trading volume, released a statement addressing the recent market volatility and addressing certain allegations surrounding his company. According to Changpeng Zhao, the market fluctuations in…
Texas Legislature Approves Bills Impacting Bitcoin Mining Industry Texas Legislature Makes Progress in Bitcoin Mining Legislation. The 88th session of the legislative body has seen the approval of several bills aimed at enhancing the attractiveness of Texas for local bitcoin miners. These legislative measures are expected to have a positive impact on the state’s crypto-mining…
Bitcoin returns to its familiar trading range, but the price of BTC has yet to surpass the crucial level of $27,000. Bitcoin (BTC) quickly rebounded from $26,850, completely eliminating its losses for the month of June and favoring bullish sentiment as volatility resurfaced. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView BTC price recovers, nullifying…
Report Indicates 12% Decrease in Bitcoin Held on Exchanges, Ether Supply Shows Marginal Increase In a report released on Monday, Goldman Sachs (GS) highlighted the mixed adoption trends of bitcoin (BTC) and ether (ETH) based on on-chain statistics for May. The report revealed that changes in ether balances among different groups remained relatively stable. However,…
The global crypto ATM market witnessed a decline of 5,850 installations during the initial four months of 2023. However, despite the setback, the United States continues to maintain its position as the global leader in cryptocurrency ATMs. Despite a worldwide decrease in cryptocurrency ATM installations throughout 2023, May witnessed a significant surge of over 1,400…
According to local news sources, an official in Russia has been accused of taking large Bitcoin bribes Marat Tambiyev, the head of Moscow’s Tversky District Investigative Committee Investigative Department, allegedly received around $24 million worth of Bitcoin (BTC) bribes from the hackers being investigated, as reported by Russian local news outlet Kommersant. The access codes…
During the initial four months of 2023, the total number of cryptocurrency ATMs worldwide experienced a decline of 5,850 units. However, in May, there was a notable resurgence with the addition of 1,397 machines to the global crypto ATM network. May brought a significant change in the prevailing trend of declining Bitcoin prices and crypto…
The announcement of a debt limit agreement in the USA brought positive news to the cryptocurrency market, resulting in a rise in both Bitcoin and altcoins. Bitcoin witnessed a price increase of over 2%, reaching $27,200, while Ethereum (ETH) experienced a 2% surge, nearing $1,900. As the market remains active, the focus now shifts to…
Bitcoin’s mining difficulty reached an all-time high, rising by 3.4% on Thursday. This increase corresponds to the level of effort required by miners to verify transactions on the network. At the same time, the hashrate, which measures the computational power dedicated to mining, also reached a record high. A higher difficulty level means mining Bitcoin…
Last week, President Bukele met with Ammous, the author of “The Bitcoin Standard.” While in El Salvador, Ammous gave talks to students at the Cubo+ venue. El Salvador’s President Nayib Bukele has appointed Saifedean Ammous, the author of “The Bitcoin Standard,” as an economic advisor for the country’s newly created National Bitcoin Office. According to…
Tether announces sustainable Bitcoin mining operations, called Tether Energy, in Uruguay, aiming to become a leading global technology provider. Tether, the company behind the USDT stablecoin, is making significant strides in the world of Bitcoin. After previously announcing plans to buy Bitcoin using profits. Tether is now venturing into energy production and sustainable Bitcoin mining…
Bitcoin, the biggest digital currency in the world, went above $28,000 on Monday. It has become the main topic of discussion on crypto Twitter, attracting a lot of attention and interest from users. According to CoinMarketCap, the price of BTC is now $28,081.93, with a trading volume of $15,635,133,639 in the past 24 hours. BTC…
Following a recent period of declining values, the level of activity in Bitcoin addresses has shown signs of recovery. The anticipated increase in the US debt ceiling is considered a potential catalyst for this development. During the early morning trade in Asian hours on Monday, May 29, Bitcoin (BTC) experienced a significant surge, increasing by…
Arthur Hayes, CEO of BitMEX, has provided a prediction for when Bitcoin’s price could potentially experience a significant increase in the future. According to Arthur Hayes, the CEO of BitMEX, smaller regional banks are at risk of collapse compared to larger banks that hold treasuries and mortgage-backed securities. Hayes also mentioned that the cryptocurrency market…
As the 2024 United States presidential election draws nearer, the discussion around cryptocurrencies is heating up. Candidates are starting to outline their strategies for addressing the cryptocurrency sector in the future. Since digital assets are expected to be a significant topic during the campaign, voters are likely to seek clarity on their preferred candidate’s position…
Bitcoin could see a positive boost as institutional investors currently hold around $3 trillion worth of gold, indicating potential opportunities for the cryptocurrency. According to JPMorgan analysts, if Bitcoin starts to resemble the price performance and investment structure of gold, it has the potential to reach a significant price of $45,000. JPMorgan analysts have noted…
Arthur Hayes, the renowned founder of BitMEX, a prominent cryptocurrency exchange during its prime, recently delivered captivating remarks about Bitcoin (BTC) during his appearance on a YouTube program. Arthur Hayes, the former CEO of BitMEX and current operator of a family office named Maelstrom, holds the belief that Bitcoin will not reach new highs within…
New Bitcoin Core Software Update Released: What’s Changed? New Bitcoin Core Software Now Available for Download. Bitcoin Core 25.0 Update: New Features, Bug Fixes, and Performance Enhancements. The latest update, Bitcoin Core 25.0, brings a new feature that allows the acceptance of larger non-witness transactions (65 bytes and above) using a mempool and relay policy….
Peter Schiff, known for his dislike of Bitcoin and support for gold, surprises the crypto community with his announcement about launching an NFT collection on the Bitcoin network. Peter Schiff, who has been critical of Bitcoin for a long time, appears to have had a change of heart as he recently announced his plans to…