Browsing:BTC

Bitfinex Securities
3 months ago 1 min read

Bitfinex Begins Operating In El Salvador

El Salvador witnessed the launch of Bitfinex Securities El Salvador S.A., marking a significant step toward cementing its position as a crypto-friendly hub and becoming the first platform in the country to introduce tokenized securities. Bitfinex Securities made the official announcement on January 31, 2024, and is now accepting customer applications. This development comes two and a half years after El Salvador accepted Bitcoin as legal currency. Bitfinex Securities became El Salvador’s first registered and licensed digital asset service provider after receiving approval under the country’s Digital Asset Securities Law, which was enacted last year. The Digital Asset Securities Law,

Bitcoin Could Dip to $15,000 Amidst Stock Sell-Offs, Warns Market Expert Gareth Soloway
3 months ago 1 min read

Bitcoin Could Dip to $15,000 Amidst Stock Sell-Offs, Warns Market Expert Gareth Soloway

Market expert Gareth Soloway has issued a warning, predicting that Bitcoin’s price could fall to $15,000 if there is a significant stock market sell-off, despite notable investments from whales. Soloway from verifiedinvesting.com reflected on Bitcoin’s (BTC) historical trends, highlighting moments such as the introduction of Bitcoin futures in 2017 and Coinbase’s public listing in 2021. In addition, he sees the potential approval of Bitcoin spot exchange-traded funds (ETFs) in the US as another key event that could fuel bullish sentiment. While acknowledging that the outflow of funds from the Grayscale Bitcoin Trust (GBTC) and the attractive discount on GBTC shares

Bitcoin will hit $45k soon says a crypto analyst
3 months ago 1 min read

Bitcoin will hit $45k soon, says a crypto analyst

After navigating through a challenging two weeks marked by a significant 21% price dip, Bitcoin (BTC) staged an impressive comeback, concluding the last week on a positive note. The flagship crypto’s strong performance resulted in the formation of a Doji Hammer candle on the weekly chart, indicating a possible bullish reversal. This resurgence has successfully pushed Bitcoin’s price back into its previous trading range of $41,300 to $45,000. Keith Alan, co-founder of Material Indicators, emphasized the importance of this pattern, suggesting, “Looks like we have a Doji Hammer candle forming on the BTC Weekly chart. That typically indicates a bullish

The number of Bitcoin (BTC) addresses with more than 1000 BTC has reached an all-time high
3 months ago 1 min read

Bitcoin whales with over 1,000 coins increase accumulation

The number of Bitcoin (BTC) addresses with more than 1,000 BTC has reached an all-time high, indicating resilience among large holders despite the crypto’s recent performance following ETF approval. According to the most recent IntoTheBlock data, Bitcoin was trading at $41,760, a 15% drop from its peak of $48,625 just a day after exchange-traded funds (ETFs) were approved. Despite the market’s bearish sentiment, significant BTC whales with holdings of more than 1,000 coins have increased their accumulation efforts, indicating a strong belief in the asset’s long-term potential. On the other hand, investors with BTC holdings ranging from 1 to 1,000

Celsius Network has sparked market activity by transferring more than $1 billion in Ethereum (ETH) to exchanges
3 months ago 1 min read

Celsius Network transfers over $1 billion in Ethereum to exchanges, possibly for creditor repayments

Celsius Network, a crypto lender, has sparked market activity by transferring more than $1 billion in Ethereum (ETH) to exchanges such as Coinbase, Paxos, and FalconX. This transaction, totaling 459,561 ETH, continues Celsius’ trend of large fund transfers, raising concerns about its intentions. Celsius sent 300,000 ETH to Coinbase Prime, with additional funds going to Paxos and FalconX. Spot on Chain, a crypto analysis firm, revealed that Celsius has been on a fund-moving spree, transferring a total of 740,321 ETH (around $1.69 billion) to exchanges since November 2023. Despite these substantial transfers, Celsius still has 62,468 ETH worth approximately $139

The US District Court has ordered the forfeiture of nearly $117 million in Bitcoin (BTC) linked to the infamous Silk Road drug market.
3 months ago 1 min read

The US court orders the sale of $117 million worth of Bitcoin linked to Silk Road

The US District Court for the District of Maryland has ordered the forfeiture of nearly $117 million in Bitcoin (BTC) linked to the infamous Silk Road drug market. The decision follows the convictions in a high-profile case involving former Secret Service agent Shaun Bridges and Maryland residents Joseph and Ryan Farace. The court’s official notice, dated January 8, 2024, details the forfeiture of 2,874 BTC, worth around $114 million, and an additional 58 BTC, worth more than $2 million. The forfeited crypto are linked to Shaun Bridges, a convicted former Secret Service agent. Bridges was involved in the investigation and

Tesla owns over 9,720 BTC
4 months ago 1 min read

Tesla still holds its Bitcoin worth $387M in Q4 2023

While there were initial concerns about potential regulatory barriers for Ethereum ETFs, Commissioner Pierce’s remarks suggest a possible shift toward a more straightforward approval process. This could be good news for major players in the space, like BlackRock and Fidelity, who have applied for spot Ether ETFs. Big names in the financial industry, such as BlackRock and Fidelity, have expressed an interest in Ethereum ETFs and are seeking SEC approval. The upbeat tone of Commissioner Pierce and industry insiders reflects confidence that Ethereum ETFs will follow a similar path to their Bitcoin counterparts. Tesla’s notable position in Bitcoin ownership has

Bitcoin is currently trading at $39688
4 months ago 1 min read

Bitcoin Drops Below $40,000 Level as Bears Continue Domination

According to recent data from Crypto Quant, as of January 19th, issuers of spot Bitcoin ETFs collectively held over 638,000 bitcoins, equivalent to an estimated $28 billion in fiat currency. Grayscale Bitcoin Trust (GBTC) is the top Bitcoin ETF issuer, with 566,973 BTC. Following closely behind is BlackRock’s iShares spot ETF, which trades under the ticker symbol IBIT and holds 28,662 BTC. In an unexpected move, Grayscale Investments, the company behind the well-known Grayscale Bitcoin Trust (GBTC), completed a significant Bitcoin sale worth more than $2 billion. This strategic decision comes amid debate over Grayscale’s decision to keep ETF fees

Recent rumors about BlackRock's plans to launch an XRP ETF have been debunked
4 months ago 1 min read

BlackRock Denies Launching XRP ETF Amid Speculations

Recent rumors about BlackRock’s plans to launch an XRP ETF have been debunked, with confirmation that the world’s largest asset manager has no plans to introduce a spot XRP exchange-traded fund. Larry Fink, BlackRock’s CEO, made comments that sparked speculation, prompting the clarification. BlackRock recently entered the cryptocurrency space, launching the iShares Bitcoin Trust, a spot Bitcoin ETF. The company has also filed for a spot Ether ETF called iShares Ethereum Trust. These funds are intended to reflect the prices of Bitcoin and Ethereum, demonstrating BlackRock’s strategic focus on the two leading crypto. BlackRock manages the iShares ETFs, which are

Grayscale Bitcoin Trust (GBTC) has experienced outflows totaling over $2 billion in five trading days.
4 months ago 1 min read

Grayscale Bitcoin Trust (GBTC) Sees Over $2 Billion Outflows in Just 5 Days Amid ETF Landscape Shift

According to recent data, Grayscale Bitcoin Trust (GBTC) has experienced outflows totaling over $2 billion in five trading days. Bloomberg ETF analyst Eric Balchunas reported the news, highlighting a significant shift in investor sentiment toward spot Bitcoin exchange-traded funds (ETFs). Furthermore, Grayscale Investments CEO Michael Sonnenshein said he was not surprised by the GBTC outflows. In an interview with Bloomberg, he emphasized that the company is more concerned with trading volumes. Sonnenshein defended GBTC’s 1.5% management fee, stating that it is reasonable given Grayscale’s “size, liquidity, and track record.” The increased outflows from GBTC do not necessarily indicate a decrease

BlackRock's iShares Bitcoin Trust (IBIT) has reached $1 billion in assets under management (AUM) in its first week of trading.
4 months ago 1 min read

BlackRock’s Bitcoin ETF Reaches $1 Billion AUM Milestone Amid Crypto Market Correction

BlackRock’s iShares Bitcoin Trust (IBIT) has reached $1 billion in assets under management (AUM) in its first week of trading. This makes BlackRock the first Bitcoin ETF provider to reach this significant AUM milestone. IBIT, which has $1 billion in assets under management, began trading on January 12, indicating strong investor interest in the newly launched bitcoin ETF. Robert Mitchnick, BlackRock’s Head of Digital Assets, expressed enthusiasm for the achievement and emphasized the company’s long-term commitment to providing investors with access to a high-quality ETF. According to statistics, bitcoin accounts for 99% of IBIT’s total assets, with fiat currency accounting

Bitcoin is experiencing difficulty
4 months ago 1 min read

Bitcoin Faces Resistance at $43,250, Struggling to Sustain Recovery

Bitcoin (BTC) is currently experiencing difficulty as it faces resistance near $43,250. Despite initiating a consolidation period after reaching $41,500, BTC’s attempts to regain momentum face roadblocks at $43,250 and $43,500 levels. The crypto is at a critical juncture, with potential losses looming if it fails to maintain a position above $43,500. Following a consolidation phase of around $41,500, Bitcoin experienced a modest recovery. However, bears operating near the $43,250 and $43,500 levels resisted the ascent. The latest downward movement began after reaching a swing high of $43,568. The breakdown below $43,000 marked a significant shift in price action. Furthermore,

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