Browsing:Bitcoin

Asset manager Valkyrie has received approval to convert its existing Bitcoin futures exchange-traded fund (ETF)
7 months ago 1 min read

Asset manager Valkyrie receives approval to convert its existing Bitcoin futures exchange-traded fund (ETF)

Asset manager Valkyrie has received approval to convert its existing Bitcoin futures exchange-traded fund (ETF) into a unique investment vehicle that includes both Bitcoin and Ethereum futures contracts. In a recent statement, a spokesperson from Valkyrie announced, “Today, the Valkyrie Bitcoin Strategy ETF (Nasdaq: $BTF) began adding exposure to Ether futures contracts, making it the first US ETF to provide exposure to Ether and Bitcoin futures contracts under one wrapper.” This development sets Valkyrie apart as a pioneer in the ETF market, particularly in offering exposure to both Bitcoin and Ethereum futures within a single fund. Valkyrie secured approval for

SEC Chair Gensler Faces Pressure to Greenlight Spot Bitcoin ETFs, Say Lawmakers
7 months ago 2 mins read

US Congress Members Push SEC’s Gensler to Greenlight Bitcoin ETFs Now

A bipartisan group of lawmakers, including Republican Reps. Mike Flood and Tom Emmer, along with Democratic Reps. Ritchie Torres and Wiley Nickel, are urging Securities and Exchange Commission (SEC) Chair Gary Gensler to promptly approve the listing of spot bitcoin exchange-traded funds (ETFs). In a letter sent on Tuesday, they argued that a regulated spot bitcoin ETF would enhance investor protection by offering transparent and secure access to bitcoin. The lawmakers emphasized Congress’s responsibility to ensure the SEC approves investment products that meet the legislative criteria, urging Gensler to greenlight spot-bitcoin ETFs without delay. Last month, Grayscale Investments achieved a

So how profitable is crypto trading actually
7 months ago 3 mins read

MicroStrategy Pumps $147.3 Million More into Bitcoin

MicroStrategy, the software company known for its unwavering support for Bitcoin, has once again made a significant addition to its corporate treasury by acquiring an additional 5,445 BTC. This strategic move, made on September 24, 2023, has increased MicroStrategy’s total Bitcoin holdings to an impressive 158,245 BTC, valued at approximately $4.68 billion, with an average acquisition cost of around $29,582 per Bitcoin. The recent Bitcoin acquisition, which amounted to $147.3 million at an average price of approximately $27,053 per Bitcoin, underscores MicroStrategy’s standing as a major player in the institutional Bitcoin investment arena. Michael Saylor, the CEO of MicroStrategy, has

BTC Dominance Signals Potential Bitcoin Rally on the Horizon
8 months ago 1 min read

BTC Dominance Surge: Bitcoin Rally Anticipated

Bitcoin (BTC) has returned to its familiar sideways trading pattern after briefly dipping into the lower $25,000 range. However, chart patterns are now hinting at the possibility of the flagship cryptocurrency breaking out of its dominance downtrend, potentially setting the stage for a rally in the decentralized finance (DeFi) sector. Bitcoin dominance plays a pivotal role in the cryptocurrency market’s dynamics. Recently, Bitcoin dominance broke its local downtrend while maintaining its higher timeframe uptrend. This development carries a bullish connotation, as history has shown that such a scenario often precedes an upward impulse for Bitcoin. A notable observation by pseudonymous

Bitcoin HODLer Dominance Peaks
8 months ago 1 min read

Bitcoin HODLer Dominance Reaches New High

Recent on-chain data has revealed a notable divergence between Bitcoin’s long-term holders (LTHs) and short-term holders (STHs), reaching unprecedented levels. This divergence underscores the varying strategies and behaviors of different segments of the cryptocurrency market. In an analysis shared on X, an analyst highlighted the widening gap between two significant cohorts in the Bitcoin market: short-term holders (STHs) and long-term holders (LTHs). Understanding these distinctions is crucial for gaining insights into market dynamics. Short-term holders, or STHs, are investors who acquired their Bitcoin holdings within the past 155 days. On the other hand, long-term holders, or LTHs, consist of individuals

Crypto Visionary Arthur Hayes Foresees Bitcoin Bull Run
8 months ago 1 min read

Bitcoin Bull Run Predicted by Co-founder Arthur Hayes

Arthur Hayes, the co-founder and former CEO of BitMEX, has shared his outlook on the future of Bitcoin, suggesting that a bull run is already in progress and will become more pronounced in the coming 6–12 months. Speaking at Korea Blockchain Week, Hayes delved into his predictions for the Bitcoin market. Hayes, well-known for his involvement in the cryptocurrency space, anticipates a significant uptrend in the price of Bitcoin. He believes that while the bull run has technically started, its effects will become more conspicuous over the next half-year to a year. This projection aligns with the broader sentiment among

JP Morgan analysts have made a prediction that the U.S. SEC could be compelled to approve several spot Bitcoin Exchange-Traded Funds (ETFs).
8 months ago 2 mins read

JP Morgan Believes the SEC Will Be Forced to Approve Bitcoin ETFs

JP Morgan analysts, led by Nikolaos Panigirtzoglou, have made a prediction that the U.S. Securities and Exchange Commission (SEC) could be compelled to approve several spot Bitcoin Exchange-Traded Funds (ETFs). This forecast follows Grayscale’s recent legal victory against the SEC. Last week, a federal court mandated the SEC to reevaluate its prior rejection of Grayscale’s request to convert its BTC Trust (GBTC) into a spot ETF. The court’s decision was based on the SEC’s “arbitrary and capricious” approach, where it failed to clarify its differing treatment of futures-based ETFs and spot-based Bitcoin ETFs. The court emphasized that the SEC’s rejection

Thailand Takes Aim at Facebook Over Alleged Crypto Scam Ads
8 months ago 1 min read

Facebook Faces Potential Shutdown in Thailand Over Alleged Crypto Scam Ad Promotion

The Thai government has reportedly considered taking legal action to shut down Facebook in the country due to its alleged role in promoting fake investment scam ads. The platform is accused of misleading over 200,000 individuals through these scams, prompting authorities to address the security concerns posed by the social media giant. Amidst growing concerns about fake investment scams, Thailand’s Minister of Digital Economy and Society (MDES), Chaiwut Thanakmanusorn, along with other ministry leaders, conducted a meeting on August 21 to discuss Facebook’s involvement in misleading the public. The platform is accused of aiding scammers who exploited the community with

Oman's Ministry of Transport, Communications, and Information Technology (MTCIT) has unveiled an initiative by inaugurating a data hosting and crypto mining center in the Salalah Free Zone.
8 months ago 2 mins read

Oman Launches $350 Million Crypto Mining Center, Making Waves in the Industry

Oman’s Ministry of Transport, Communications, and Information Technology (MTCIT) has unveiled an initiative by inaugurating a data hosting and crypto mining center in the Salalah Free Zone. With an estimated value exceeding RO 135 million (around $350 million), this strategic move marks Oman’s foray into the global cryptocurrency and data hosting arena while contributing to its economic growth. Oman has taken a decisive step by launching its second cryptocurrency mining center, following the announcement of another facility in November 2022 valued at nearly $390 million. This combined investment of $740 million is poised to elevate the nation’s digital economy, create

Glassnode reveals a remarkable surge in the number of Bitcoins held by long-term investors
9 months ago 2 mins read

Long-term Bitcoin investors reach an all-time high of 14.599 million

Glassnode, a leading blockchain analytics company, has unveiled a groundbreaking report that reveals a remarkable surge in the number of Bitcoins held by long-term investors, reaching an all-time high of 14.599 million. This surge, which amounts to a staggering 43,949 Bitcoins (approximately $1.274 billion) added to these wallets in the past week, signifies a profound shift in investor behavior and confidence within the cryptocurrency landscape. Bitcoin addresses that have steadfastly held onto their investments for a minimum of 155 days are now recognized as long-term holders, often affectionately referred to as “HODLers.” Glassnode underscores the historical data, affirming that such

MicroStrategy recently announced a purchase of $361.4 million worth of Bitcoin
9 months ago 2 mins read

MicroStrategy to buy more Bitcoin (BTC)

MicroStrategy, a prominent corporate player in the crypto space, has once again made waves by acquiring a substantial amount of Bitcoin. The company recently announced a purchase of $361.4 million worth of Bitcoin, adding 12,800 BTC to its existing holdings. This move comes as part of MicroStrategy’s ongoing commitment to cryptocurrency investment, with plans to raise even more capital through stock issuance. MicroStrategy’s latest Bitcoin acquisition has elevated its total holdings to an impressive 152,800 BTC, marking a significant increase from 132,500 BTC recorded in February. The company’s decision to bolster its cryptocurrency reserves reflects a strategic approach to harnessing

Bitcoin (BTC) Soars to One-Week Highs
9 months ago 1 min read

Bitcoin Surges to Near $30K as MicroStrategy Reveals Stock Sale, BTC Purchase Strategy

Bitcoin (BTC) showcased a robust surge to reach one-week highs in the $29,700s on Tuesday, driven by the announcement from US software company MicroStrategy regarding its intention to significantly increase its BTC holdings. MicroStrategy unveiled its plans through a filing with the US Securities and Exchange Commission (SEC), indicating its intention to sell up to $750 million worth of stock, with a portion of the proceeds earmarked for additional bitcoin purchases. Having accumulated 152,333 BTC by June 27, MicroStrategy holds approximately 0.0078% of the total circulating supply of around 19.44 million Bitcoin tokens. The company’s journey into bitcoin accumulation commenced

About us

Optimisus is a Dubai-based fintech media company. We cover the latest AI, crypto, NFT, metaverse, blockchain, and Fintech news influencing the crypto industry.

Email: media@optimisus.com

Get Instant Notifications

Join over million readers and get the latest posts delivered straight to your inbox.

© copyright 2024 all rights reserved | Optimisus