Bitcoin ETF approval could spark major rally, says Bitwise CIO Matt Hougan
The approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) could trigger a significant surge in the crypto’s value, akin to gold’s post-ETF rally, according to Matt Hougan, Chief Investment Officer at Bitwise. Hougan made his remarks during an interview with Thinking Crypto on Tuesday, drawing parallels between Bitcoin’s potential future and gold’s history. Bitwise […]
Bitcoin’s price rollercoaster causes $147 Million in liquidations
A recent dip in Bitcoin’s value has resulted in over $147 million in liquidations within the last 24 hours. The retracement followed a high earlier this week when the cryptocurrency surpassed $35,000. Data from Coinglass suggests that short positions bore the brunt of the impact, with nearly $80 million liquidated compared to just over $68 […]
Blockchain research firms dismiss claims of Hamas raising crypto funds
Claims that Hamas, a Palestinian organization, is securing substantial funding via cryptocurrency have been dismissed by top blockchain forensics firms, including Elliptic. An Oct. 25 report from Elliptic refutes recent assertions from Democratic senator Elizabeth Warren and the Wall Street Journal (WSJ) that Hamas is garnering significant crypto donations. WSJ previously claimed that Hamas had […]
Grayscale ETF ruling triggers Bitcoin’s 7.6% daily gains
The implementation of a recent ruling regarding Grayscale’s Bitcoin ETF proposal is coinciding with considerable gains in the cryptocurrency market, including a 7.6% surge in Bitcoin’s daily value. A court mandate regarding Grayscale’s spot Bitcoin ETF proposal was issued on Oct. 23, followed by significant market gains. Grayscale aims to transform its GBTC fund into […]
Blackrock settles SEC charges for $2.5M amid anticipation for Bitcoin ETF review
Global fund manager BlackRock has agreed to settle charges by the U.S. Securities and Exchange Commission (SEC) by paying a fine of $2.5 million. The SEC alleged that BlackRock failed to accurately describe its investments in the entertainment industry, specifically in film company Aviron Group, LLC. The settlement comes as BlackRock awaits the SEC’s review […]
Global Bitcoin funds sees $57 Million inflow amid rising ETF interest
Global publicly traded crypto funds have received over $61 million in new capital, with a significant portion directed towards Bitcoin funds. These funds accounted for over 10% of all net deposits into crypto funds since the start of the year. This influx took place as Bitcoin’s price surged to $35,000, with investors eagerly waiting for […]
US Government missed out on $116 Million gains after selling Bitcoin in march
The US government is reckoning with a $116 million blow, following the sale of a significant Bitcoin portfolio back in March. This loss comes as a result of a rapid increase in the cryptocurrency’s value. The US government sold 9,861 Bitcoin (BTC) in March for approximately $216 million. As of today, seven months later, that […]
$480M worth of liquidation amid Bitcoin sustain $34,000 resistance
A gigantic rally in Bitcoin (BTC) has resulted in more than $480 million worth of liquidations in the digital assets markets. The data from crypto aggregator Coinglass revealed these liquidations within the past 24 hours. Bitcoin, the leading cryptocurrency, surged 9.4% in the same period, trading at $33,913. This marks an overall increase of over […]
Blackrock’s Bitcoin ETF makes debut on DTCC website ahead of SEC approval
BlackRock’s much-awaited spot Bitcoin ETF, namely the iShares Bitcoin Trust, has surfaced on the Depository Trust and Clearing Corporation’s (DTCC) list, while still pending approval from the Securities and Exchange Commission (SEC). The DTCC, a company that provides post-trade clearance, settlement, custody and information services according to Nasdaq, now features the BlackRock fund’s ticker as […]
Bitcoin skyrockets over $35,000 amid buzz around Bitcoin ETFs
Bitcoin (BTC) experienced a significant surge in value, exceeding $35,000, spurred by the anticipation of Bitcoin exchange-traded funds (ETFs). The price of Bitcoin rapidly rose, hitting the $35,000 mark within minutes. This brings the cryptocurrency back to its May 2022 levels, a stark contrast to the industry’s previous slump. The mood in the crypto market […]