Bitcoin’s transition from widespread doubt on Wall Street to widespread acceptance reflects a significant shift in the financial environment. After a period of skepticism, Bitcoin is now seen as a viable path towards economic expansion. This shift highlights changing opinions in the political and financial spheres and points to the growing inclusion of cryptocurrencies in […]
Wall Street accepts Bitcoin as an engine of growth Read More »
BlackRock’s iShares Bitcoin Trust has become the largest Bitcoin fund, with close to $20 billion in assets, Bloomberg reported. This growth has come since the US SEC approved the listing of crypto products as early as 2024. According to official data, on May 28, IBIT held Bitcoin worth $19.68 billion, higher than Grayscale Bitcoin Trust’s
World’s biggest Bitcoin ETF is BlackRock’s $20 billion IBIT Bitcoin ETF Read More »
According to Grayscale data, nearly 50% of US voters expect to hold cryptocurrency assets by 2024. A recent survey by Grayscale indicates that Bitcoin usage by US voters is on the rise. Bitcoin gains popularity with US voters Voters in the US are becoming more interested in bitcoin. The growth of bitcoin as an asset
Bitcoin will become even more important in the 2024 US elections: Grayscale survey Read More »
In brief Nearly $80,000 worth of Bitcoin has been lost because of a potential exploit on the BNB chain. Even though this amount is less than most cryptocurrency exploits, it has raised questions about the criminals’ intentions. Cyvers, an on-chain security company, speculates that the attacker may be an ethical hacker. Recognizing the Assailant It
In a recent X (Twitter) post, MicroStrategy head and Bitcoin enthusiast Michael Saylor noted an important Bitcoin ETF milestone. He noted that there were more than a million (or one Nakamoto) bitcoins in an exchange-traded fund (ETF) for spot Bitcoin. Key Highlights MicroStrategy CEO Michael Saylor highlighted the significant increase in Bitcoin ETF influx. He
Today, Mt. Gox sent 12.24k BTC, or approximately $840 million, to an unregistered address. This is part of a larger plan to give its creditors priority over the remaining assets by October 31, 2024. There has been a turning point in the long story of the now-defunct cryptocurrency exchange. Principal Transfers and Implications According to
$840 million in Bitcoin has been moved to a new wallet by Mt. Gox Read More »
Argentina’s National Securities Commission (CNV) reports that officials from both countries are discussing the acceptance of Bitcoin. Senior officials from El Salvador’s National Digital Assets Commission and Argentina met last week, according to an official announcement from Argentina’s CNV. Which country is the first to recognize Bitcoin as legal? El Salvador President Nayib Bukele is
Argentina is in negotiations with El Salvador over the Bitcoin adoption plan Read More »
United States Bitcoin trading volume has surged to levels last seen in 2022. As Bitcoin’s momentum increased, so did the profitability of holders. The price of Bitcoin [BTC] has seen a sharp rise in the last few days, which has increased investor confidence in the cryptocurrency during this period. This price surge resulted in a
Important points: According to Chainalysis report According to a recent survey, the cryptocurrency market in the United Arab Emirates (UAE) saw tremendous growth in the last year. According to a Chainalysis study, the UAE recorded significant capital gains of $204 million in 2023 from its cryptocurrency investments. The UAE ranked second among GCC countries, only
In the UAE, Bitcoin takes the top spot for cryptocurrencies Read More »
The sudden decline in the cryptocurrency market in recent days has discouraged investors. Still, Bitcoin and other cryptocurrencies surged sharply. Despite this recent surge, Bitcoin has not yet succeeded in crossing the $70,000 mark. As a result, it is now quite clear that the Bitcoin market should proceed with caution. JP Morgan released a report
According to JP Morgan report, Bitcoin is still in the “overbought zone” Read More »
