As optimism grows that the U.S.-based spot bitcoin ETFs will soon get regulatory clearance, the price of bitcoin momentarily climbed above $45,500 in the last 24 hours. Centralized exchanges saw a large liquidation of short positions due to the recent price surge. The bulk of the more than $81 million
Tuesday saw Grayscale Bitcoin Trust file yet another updated S-3 filing to the SEC in the United States. In light of the fact that the window for the possible approval of a spot Bitcoin ETF opens between January 5 and 10, 2024, this third amendment seeks to transform GBTC into
In an effort to democratize the process of investing in cryptocurrency projects, Crypto Launchpad & Accelerator Raiser has announced the launch of a new fundraising model known as a Fair Community Offering (FCO). By meritocratically rewarding committed, involved community members and early supporters during a project’s pre-exchange listing stage, the novel
Prominent Bitcoin supporter Michael Saylor has declared 2024 “The Year of Bitcoin,” a reflection of the industry’s lofty ambitions. On December 27, 2023, MicroStrategy, headed by Michael Saylor, made a daring move by acquiring 14,620 BTC, which is worth almost $615 million. A total of 189,150 BTC is now in
The cryptocurrency market, ever-volatile and unpredictable, has always been a subject of intense speculation and interest, particularly concerning Bitcoin (BTC), the pioneering digital currency.Among the most pressing questions is: when will Bitcoin reach the elusive $100,000 mark? This question is not just about predicting a price point but understanding the
The owner of the Dallas Mavericks NBA franchise and Shark Tank star Mark Cuban took to social media on Thursday to criticize the U.S SEC. According to Cuban, when questioned about the suitability of current securities rules to regulate cryptocurrencies, all one has to know is that Howey was insufficient,
It was reported by Reuters based on sources that the SEC may contact the spot Bitcoin ETF applicants next week. It suggests that a decision about their launch approval may be made as soon as Tuesday. The acceptance of spot Bitcoin ETF is a major step forward for the cryptocurrency
Final versions of the S-1 applications were submitted on December 29th by the contenders in the race for a spot Bitcoin ETF. Bitwise, Invesco Galaxy, WisdomTree, and Fidelity engaged with the U.S SEC, following BlackRock, Van Eck, and Valkyrie, as the day progressed. Among the new filings, Fidelity, WisdomTree, and
Ten Bitcoin mining operations allegedly have been shut down by Indonesian police, who have accused the organizers of stealing roughly $1 million USD worth of power. The North Sumatra Police Force reportedly raided a ten-location Bitcoin mining enterprise, seizing 1,134 mining machines, 11 meters of electrical cable, and a variety
Mathew McDermott, head of digital assets at Goldman Sachs, has highlighted the possible effects on the crypto market of approving spot Bitcoin and ether ETFs. According to McDermott, this change has the potential to greatly increase institutional support for digital currencies. He claims that the market’s liquidity will be improved
