The Roller Coaster Ride of Bitcoin: Will It Hit $100,000?

lovely | March 25, 2024

Bitcoin (BTC), the pioneering cryptocurrency, has been a roller coaster of value since its inception, captivating the investment world with its volatile price movements. As 2023 unfolded, Bitcoin showcased a notable price appreciation, igniting speculation about its potential to breach the elusive $100,000 mark in 2024. This analysis delves into the factors poised to influence […]

Bitcoin, Growth Stocks Surge on Bond Relief and AI Fever – What Lies Ahead?

Aldel Galo | March 5, 2024

Bitcoin and smaller growth-oriented stocks propelled Wall Street to another winning week, fueled by easing bond yields, a positive inflation report, and the unwavering allure of artificial intelligence (AI). The week ahead brings critical data on the labor market and a fresh wave of corporate earnings, setting the stage for potential market shifts. Track all […]

Bitcoin’s Bold Surge: Nearing Historic Peaks Amid ETF Buzz and Halving Hype

John Todora | February 27, 2024

In a dramatic turn of events that has captivated the financial world, Bitcoin has surged to its highest level since November 2021, igniting a flurry of excitement among investors and cryptocurrency enthusiasts alike. This remarkable rally signals a potentially pivotal moment for the digital currency, as it inches closer to retesting its all-time highs amidst […]

Illicit crypto addresses received at least $24.2 billion in 2023 – report

reuters | January 18, 2024

By Elizabeth Howcroft LONDON (Reuters) – At least $24.2 billion worth of crypto was sent to illicit crypto wallet addresses in 2023, including addresses identified as sanctioned or linked to terrorist financing and scams, crypto research firm Chainalysis said on Thursday. Cryptocurrencies enable people to send money around the world without using the mainstream financial […]

Analysis: Spot bitcoin ETFs may face uphill battle to widen token’s appeal

reuters | January 11, 2024

By Suzanne McGee (Reuters) – Crypto enthusiasts hailed the approval of U.S. bitcoin exchange-traded funds as the birth of a new asset class, but broadening acceptance of the famously turbulent cryptocurrency beyond its true believers could prove challenging. A decade in the making, the ETFs offer investors access to spot bitcoin prices, avoiding the risks […]

US SEC approves bitcoin ETFs in watershed for crypto market

reuters | January 11, 2024

By Hannah Lang and Suzanne McGee WASHINGTON/NEW YORK (Reuters) -The U.S. securities regulator on Wednesday approved the first U.S.-listed exchange traded funds (ETFs) to track bitcoin, in a watershed for the world’s largest cryptocurrency and the broader crypto industry. The Securities and Exchange Commission said it approved 11 applications, including from BlackRock, Ark Investments/21Shares, Fidelity, […]

U.S. spot bitcoin ETFs could win approval next week after last-minute application updates

reuters | January 6, 2024

By Suzanne McGee and Hannah Lang (Reuters) – Investment management firms, stock exchanges and the U.S. Securities and Exchange Commission on Friday discussed final wording changes on filings for spot bitcoin ETFs, a step that could lead to U.S. approval of the funds for the first time next week, sources familiar with the matter said. […]

Crypto miner Core Scientific expects to emerge from bankruptcy in January

reuters | December 21, 2023

(Reuters) -Cryptocurrency miner Core Scientific said on Thursday it was expecting to emerge from bankruptcy in mid-to-late January, a year after it became a casualty of high-profile collapses that led to a rout in crypto tokens. The Austin, Texas-based company said it has reached an in-principle agreement with all key stakeholders on the terms of […]

FTX resolves dispute with Bahamian liquidators

reuters | December 20, 2023

By Dietrich Knauth (Reuters) -Bankrupt crypto exchange FTX Trading on Tuesday announced a settlement with liquidators for FTX’s Bahamas unit, resolving a long-simmering dispute over whether the company’s U.S. bankruptcy proceedings should take precedence over the Bahamian liquidation. FTX and FTX Digital Markets have agreed to pool their assets and harmonize their approach to valuing […]

US SEC says no to new crypto rules; Coinbase asks court to review

reuters | December 16, 2023

By Chris Prentice, Michelle Price and Mike Scarcella WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission on Friday denied a petition by Coinbase Global seeking new rules from the agency for the digital asset sector, which the country’s largest crypto exchange then sought to challenge in court. The five-member commission, in a 3-2 vote, said […]

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