Thu, September 24

Grayscale CEO Sees Equilibrium as Anticipated GBTC Outflows Subside

According to the most recent edition of Reuter’s Inside ETFs, the remarks made by Grayscale CEO Michael Sonnenshein about Bitcoin ETFs seem to have sent shockwaves across the cryptocurrency market throughout the world. On April 10, investor interest was piqued by Michael Sonnenshein’s statement that Grayscale Bitcoin Trust (GBTC) outflows

April 11, 2024 1 min read

Hong Kong’s Bold Step with Bitcoin ETFs, How BTC Responds?

Hong Kong is poised to greenlight Bitcoin Exchange-Traded Funds (ETFs) this month, marking a monumental shift in the global investment landscape. The impending approval by the Hong Kong Securities Regulatory Commission (SFC) comes hot on the heels of the U.S. Securities and Exchange Commission’s (SEC) decision to embrace Spot Bitcoin

April 10, 2024 2 mins read

Peter Schiff Predicts Bitcoin Price Collapse Amidst ETF Surge Speculation

Remarkably, prominent crypto skeptic Peter Schiff recently posted on X, claiming that the current price surge in Bitcoin is an attempt to attract ETF investors, predicting that the bounce would be short-lived and that the price of BTC will soon collapse. Investors are worried about the overall volatility of the

April 9, 2024 2 mins read

NiceHash Celebrates 10 Years with Bitcoin-centered Conference in Maribor

Later this year, NiceHash, an industry pioneer in Bitcoin mining, will conduct its first conference to commemorate ten years of development and innovation. The firm, which will celebrate its tenth anniversary on April 8, has set the historic NiceHashX conference, which revolves on Bitcoin, for November 8–9. Maribor, Slovenia, is

April 8, 2024 2 mins read

BlackRock Adds Wall Street Giants to Spot Bitcoin ETF Prospectus

On April 5, prominent global asset manager BlackRock added five major Wall Street companies as additional permitted participants to its Bitcoin exchange-traded fund (ETF) prospectus. An amendment to BlackRock’s S-1 registration statement with the U.S SEC states that new members include ABN AMRO Clearing, Citadel Securities, Citigroup Global Markets, Goldman

April 6, 2024 1 min read

Bitcoin Reserves on Crypto Exchanges Hit Record Lows Ahead of Halving

Bitcoin reserves held by crypto exchanges have hit record lows, according to data from CryptoQuant that goes all the way back to the beginning of 2021. Over the previous month, leading cryptocurrency exchanges have seen withdrawals totaling over 90,700 bitcoin, according to statistics compiled by CryptoQuant. Investors are removing their

April 5, 2024 2 mins read

ARK Invest CEO Cathie Wood Backs Bitcoin Amid Currency Devaluations

According to ARK Invest CEO Cathie Wood, Bitcoin’s (BTC) ascent might be attributed to its status as a “flight to safety” from depreciating fiat currencies. In an interview that was made public on April 3 by CNBC, Wood characterized BTC as an investment that has both upside and downside risks.

April 4, 2024 1 min read

Bitcoin (BTC) Faces Asian Sell-Off Amidst Automated Trading

Bitcoin Market—Asian investors are experiencing wild swings as automated trading systems react swiftly to data from US exchange-traded funds (ETFs) holding the cryptocurrency. This phenomenon was evident on Tuesday when Bitcoin faced its sharp decline in a month during Asian trading hours, driven by outflows from these ETFs. According to

April 3, 2024 1 min read

Bitfarms Buys 87,796 New Miners Ahead of Bitcoin Halving

In order to increase output and efficiency in preparation for the halving event, Bitcoin miner Bitfarms has purchased 87,796 miners. Bitfarms revealed their ambitions to expand their farm in the future, acquire more miners, and increase their capacity this year in a social media post on X on April 2.

April 3, 2024 1 min read

U.S Government Transfers $2 Billion Worth of Bitcoin to Coinbase

On April 2, the U.S government sent 30,175 BTC—almost $2 billion in value—to a wallet connected to Coinbase. At the time of the transfer, the price of Bitcoin dropped significantly, reaching a weekly low of $64,500. But shortly after that, the price of the cryptocurrency sustained over $65,000. One of

April 3, 2024 1 min read