Bitcoin has once again captured the attention of investors as it surged to a new all-time high above the $73,000 mark. However, its ascent faced resistance, leading to a pullback below $70,000. Despite the setback, Bitcoin has managed to maintain stability above the $70,000 level, supported by positive market sentiment.
The U.S CFTC is expected to propose additional regulatory measures for the predictions market. The goal of these safeguards is to reduce potential dangers and biases in vertically integrated models. Particularly in the crypto industry, models of such systems that allow enterprises to manage several levels of their supply chain
The statements made by Jamie Dimon, CEO of JPMorgan, about Bitcoin in an interview with CNBC were widely reported. Even though Dimon has always been a vocal opponent of cryptocurrencies, his most recent remarks have ignited debates in the financial industry. He showed some subtlety in his position on the
In order to introduce their new investment product, the Grayscale Bitcoin Mini Trust, Grayscale Investments has officially filed with the U.S SEC. The present Grayscale Bitcoin Trust (GBTC) oversees assets worth around $28 billion; this change gives investors a cheaper fee structure. Grayscale Bitcoin Mini Trust is an investing product
With the value of Bitcoin continuing to soar over the weekend, mining revenue for BTC reached an all-time high. On March 9, the seven-day moving average of miner profits reached $68.28 million, according to statistics from The Block. This surpassed the previous record of $67.15 million, set in May 2021.
Bitcoin, the leading cryptocurrency by market capitalization, has achieved a new all-time high, surpassing the $72.5 K mark. This significant milestone comes after a week of bullish momentum, with Bitcoin’s price jumping from $66,000 to its current trading price of approximately $71,947, marking a 5% increase. The trading volume has
With the announcement of yet another significant reduction in sponsor fees, investment management company VanEck has strengthened its position in the spot Bitcoin exchange-traded fund (ETF) market. The crypto community has responded to the news of the fee reduction, which was announced on the official twitter page of VanEck. Until
With the majority of the funds it garnered from its recent convertible debt offering, MicroStrategy (MSTR) has bought 12,000 more bitcoin (BTC). Led by Michael Saylor, a strong supporter of bitcoin, MicroStrategy now has 205,000 BTC worth around $14.7 billion. According to a post by Saylor on Monday on twitter,
In the week ending March 8, Cathie Wood led ARK Invest sold more than 580,000 shares of Coinbase (COIN), a cryptocurrency exchange, for a total of $149.85 million, as the stock closed at $256.62 on Friday. Three of ARK’s exchange-traded funds (ETFs)—Innovation (ARKK), Next Generation Internet (ARKW), and Fintech Innovation
In a press release on Monday, the Financial Conduct Authority (FCA) of the United Kingdom confirmed that it will not oppose efforts by Recognised Investment Exchanges (RIEs) to establish a listed market segment for crypto asset-backed exchange-traded notes (ETNs). This move further confirms the growing institutionalization of crypto markets. Professional
