Category: Bitcoin
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BlackRock’s $20 Billion IBIT Becomes The World’s Largest Bitcoin ETF
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BlackRock’s Bitcoin spot ETF, iShares Bitcoin Trust (IBIT), has surpassed Grayscale’s Bitcoin Trust (GBTC) as the world’s largest Bitcoin ETF. As of May 28, IBIT has over $20 billion in assets with 288,670 BTC in its trust. This exceeds GBTC’s $19.7 billion in assets and 287,450 Bitcoin holdings. JUST IN:…
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Is there life after halving? Challenges and opportunities for Bitcoin miners
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After the halving, Bitcoin (BTC) miners face pressure as rewards fall and costs rise. Can innovative strategies and market dynamics help them stay profitable? Bitcoin halving is an event built into the Bitcoin protocol and occurs approximately every four years. This results in a decrease in the reward miners receive…
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Another Country Will See its First Spot Bitcoin ETF: Report
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According to the Bangkok Post, the Securities and Exchange Commission of Thailand (SEC) has granted approval to One Asset Management, a local company, to offer the first exchange-traded fund (ETF) in Thailand. This ETF is available exclusively to wealthy and institutional investors and follows the policy of investing in 11…
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Bitcoin Partnership: University Of Austin And Unchained Unite For New $5M Endowment Fund
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The University of Austin (UATX), which is set to welcome its inaugural class this fall, has embarked on a new project through a collaboration with cryptocurrency platform Unchained. Their common goal is to raise $5 million in Bitcoin (BTC) to contribute to the UATX Long-Term Fund. According to Bloomberg a…
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NYSE To Launch Products Tracking Spot Bitcoin Prices
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The New York Stock Exchange (NYSE) has Announce It plans to launch financial products linked to the spot price of Bitcoin. The New York Stock Exchange is partnering with CoinDesk Indices to develop cash settlement index options that will track the CoinDesk Bitcoin (XBX) price index. Urgent: ?? The New…
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NYSE To Launch Products Tracking Spot Bitcoin Prices
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The New York Stock Exchange (NYSE) has Announce It plans to launch financial products linked to the spot price of Bitcoin. The New York Stock Exchange is partnering with CoinDesk Indices to develop cash settlement index options that will track the CoinDesk Bitcoin (XBX) price index. Urgent: ?? The New…
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Rootstock Bitcoin L2 eyes further Latin American expansion
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Speaking at Money 20/20 in Amsterdam, Rootstock Labs’ Ricardo Castro highlighted the Bitcoin Layer-2 protocol’s focus on providing global access to decentralized finance (DeFi), especially in emerging markets. Bitcoin (BTC) and Ethereum (ETH) are the two largest decentralized networks out there, each with unique strengths. BTC is known for its…
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Red Vs. Blue: The Bitcoin Ordinals Wargame
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For over a year, some have considered bitcoin to be under siege. Fee spikes and transaction volumes associated with Ordinals and Inscriptions have impacted other users, and some even propose these may be cover for a deliberate attack by a well-funded state actor. Yet at the same time, others see…
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Crypto Pundit Shares “Inevitable” Prices For Bitcoin And 5 Altcoins
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With the cryptocurrency market expected to enter a bull run later this year, Bitcoin, along with altcoins, are already expected to respond. While cryptocurrency investors eagerly await this rally, one cryptocurrency analyst has revealed where they expect the prices of six cryptocurrencies to go. Bitcoin and Altcoins are set to…
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Bitcoin Startup All-In On New Layer 2 Scaling Protocol
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A year after it was proposed, a new project was unveiled today committed to turning the ship concept into reality. Ark Labs The Bitcoin company announced that it is developing a layer 2 Bitcoin network and hopes to capitalize on the growing demand for scalable and low-cost Bitcoin payment solutions.…
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Bitcoin Gets Massive $500,000 Price Tag From Billionaire, Here’s Why
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Billionaire venture capitalist and investor Chamath Palihapitiya predicted this Bitcoin It could see an unprecedented price increase to $500,000. These ambitious forecasts hinge on the possibility of a bullish wave coming next Bitcoin’s fourth halving cycle It happened on April 20, 2024. Bitcoin will rise to $500,000 Palihapitiya rose to…
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Bitcoin Gets Massive $500,000 Price Tag From Billionaire, Here’s Why
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Billionaire venture capitalist and investor Chamath Palihapitiya predicted this Bitcoin It could see an unprecedented price increase to $500,000. These ambitious forecasts hinge on the possibility of a bullish wave coming next Bitcoin’s fourth halving cycle It happened on April 20, 2024. Bitcoin will rise to $500,000 Palihapitiya rose to…
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Here’s How Much Spot Bitcoin ETFs Have Contributed to BlackRock and Fidelity’s 2024 Inflows
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BlackRock and Fidelity’s bitcoin exchange-traded funds (ETFs) have emerged as major contributors to the company’s total ETF flows this year. According to data from Bloomberg Intelligence, these Bitcoin ETFs accounted for 26% and 56% of BlackRock and Fidelity’s year-to-date inflows, respectively. Bitcoin ETF data BlackRock’s iShares Bitcoin Trust (IBIT) and…
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Here’s How Much Spot Bitcoin ETFs Have Contributed to BlackRock and Fidelity’s 2024 Inflows
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BlackRock and Fidelity’s bitcoin exchange-traded funds (ETFs) have emerged as major contributors to the company’s total ETF flows this year. According to data from Bloomberg Intelligence, these Bitcoin ETFs accounted for 26% and 56% of BlackRock and Fidelity’s year-to-date inflows, respectively. Bitcoin ETF data BlackRock’s iShares Bitcoin Trust (IBIT) and…
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Thailand Approves the First Spot Bitcoin ETF
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Thailand has agreed to launch its first spot exchange-traded fund (ETF), joining a growing list of countries adopting regulated bitcoin investment vehicles. BREAKING: ?? The Thai Securities and Exchange Commission approves first place #Bitcoin European Training Foundation. pic.twitter.com/ju1q83JvVP – Bitcoin Magazine (@BitcoinMagazine) June 4, 2024 The Securities and Exchange Commission…
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Best Long-Term Bitcoin Buy Signal Flashes: Hedge Fund CEO
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In his latest message, Charles Edwards, CEO of digital asset and bitcoin hedge fund Capriol, said Putting a mark It is an important indicator for the market in the latest edition of the company’s newsletter, Update No. 51. Edwards points to the activation of the “Hash Ribbons” buy signal, a…
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Best Long-Term Bitcoin Buy Signal Flashes: Hedge Fund CEO
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In his latest message, Charles Edwards, CEO of digital asset and bitcoin hedge fund Capriol, said Putting a mark It is an important indicator for the market in the latest edition of the company’s newsletter, Update No. 51. Edwards points to the activation of the “Hash Ribbons” buy signal, a…
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Bitcoin Transactions Hit Yearly High: Over $25 Billion Transferred
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While the price of Bitcoin is stagnant below a major resistance level, the blockchain has achieved a remarkable milestone before the end of the month. On May 28, transactions on the Bitcoin network exceeded $25 billion in estimated value, marking the highest level in US dollar terms over the past…
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Bitcoin Transactions Hit Yearly High: Over $25 Billion Transferred
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While the price of Bitcoin is stagnant below a major resistance level, the blockchain has achieved a remarkable milestone before the end of the month. On May 28, transactions on the Bitcoin network exceeded $25 billion in estimated value, marking the highest level in US dollar terms over the past…
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Kraken Sees Largest Bitcoin And Ethereum Outflows Since 2017, What’s going On?
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Latest data Offers Kraken, one of the leading cryptocurrency exchanges on the market, has seen the largest outflows of Bitcoin (BTC) and Ethereum (ETH) since 2017. This indicates a significant shift in digital asset holdings, which could have widespread implications for the market. Historical Kraken Flows, What’s Happening? Insights from…