In his proposed budget for the year 2025, Joe Biden, the president of the United States, has brought back the concept of a 30% tax on the power used by cryptocurrency miners. As stated in the U.S. Department of the Treasury paper “General Explanations of the Administration’s Fiscal Year 2025
A major change is taking place in Thailand’s crypto investing scene as a result of the SEC’s approval of private funds for the U.S. Spot Bitcoin ETFs. But there’s a catch: these investments can only be made by institutional investors and very wealthy people. This judgment is significant because it
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 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
According to Edul Patel, CEO and co-founder of Mudrex, an Indian cryptocurrency investing platform, institutional and individual investors in India will soon be able to purchase U.S. spot bitcoin (BTC) ETFs. Since this was previously accessible to retailers, Patel said in an interview that it is far more beneficial to
Today, bitcoin price reached a new all-time high of over $72,000. As per statistics from CoinMarketCap, the largest cryptocurrency reached a new peak of around $72,300. New spot bitcoin exchange-traded funds (ETFs) and expectations that the U.S Federal Reserve would soon reduce interest rates have likely pumped up BTC prices.
MicroStrategy’s Bitcoin holdings have been surpassed by BlackRock’s spot Bitcoin exchange-traded fund (ETF). As of March 8, around 40 trading sessions after the approval of nine new funds by the U.S SEC on January 10, data collected by BitMEX Research indicates that BlackRock’s IBIT possesses 197,943 Bitcoin, with a value
On Saturday afternoon, Bill Ackman, founder and CEO of Pershing Square Capital Management, diverted part of his focus to Bitcoin, playfully speculating that the price of the greatest cryptocurrency in the world may go far higher than anybody could have predicted. Ackman in a post on twitter stated: “Bitcoin price
