Bitcoin Archives - Page 3 of 8

Grayscale Expresses Concerns Over SEC’s Differential Treatment of Bitcoin ETFs

11Jul

By Tolulope ZaccheausNo Comments

Bitcoin

Grayscale Expresses Concerns Over SEC’s Differential Treatment of Bitcoin ETFs

Grayscale, a leading digital asset management firm, has recently submitted a letter to a federal judge expressing its concerns over the differential treatment of Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The letter questions why a leveraged 2x Bitcoin ETF has received approval while a spot Bitcoin ETF proposal, as tweeted by Bitcoin Magazine, has yet to be greenlit. Grayscale highlights the inconsistency in the SEC's decision-making process and urges for fair and transparent regulation. Read Also: XRP and Shiba Inu Dominate Trading Volumes on WazirX Amidst Crypto Market Slump https://twitter.com/BitcoinMagazine/status/1678449933928603665 Grayscale Points out the inconsistency in the SEC's decision In the letter, Grayscale points out ...

Bitcoin Institutional Fund Accumulation Signals Increasing Confidence in Long-Term Potential

3Jul

By OLAJIDE SAMUELNo Comments

Bitcoin

Bitcoin Institutional Fund Accumulation Signals Increasing Confidence in Long-Term Potential

Institutional investors are displaying a notable surge in their accumulation of Bitcoin, signalling growing confidence in the long-term potential of the leading cryptocurrency. Analysis of fund holdings reveals a clear upward trend in institutional entities' cryptocurrency portfolios, demonstrating their keen interest in acquiring Bitcoin, even at its current price level. This accumulation pattern showcases a patient and strategic approach distinct from the short-term investment strategies employed by other market participants who closely monitor price fluctuations. Read Also: Binance Conducts 11th Terra Classic (LUNC) Token Burn Amid Community Disputes https://twitter.com/cryptoquant_com/status/1675678718659006464 Hedge funds Seeks long-term investment opportunities in Bitcoin He...

Bitcoin Miners Transact Over $1 Billion Worth of BTC, Triggering Market Speculation

28Jun

By CryptolifedigitalNo Comments

Bitcoin

Bitcoin Miners Transact Over $1 Billion Worth of BTC, Triggering Market Speculation

Bitcoin miners have recently initiated a substantial movement of funds, transferring more than $1 billion worth of Bitcoin (BTC) to various cryptocurrency exchanges. This significant development within the crypto industry has ignited widespread speculation and sparked debates among market participants. https://twitter.com/cryptoquant_com/status/1673890203000512512 Bitcoin Miners Move Over $1 Billion Worth of BTC The movement of such a substantial amount of BTC by miners has raised eyebrows within the cryptocurrency community. As the backbone of the Bitcoin network, miners play a vital role in securing the blockchain and validating transactions. However, their decision to transfer such a massive sum to exchanges has triggered speculation regarding their intentions and the potential imp...

Fidelity Readies $4.5 Trillion Spot Bitcoin ETF Filing, Propelling Crypto Adoption

28Jun

By OLAJIDE SAMUELNo Comments

Bitcoin

Fidelity Readies $4.5 Trillion Spot Bitcoin ETF Filing, Propelling Crypto Adoption

In a groundbreaking move for the cryptocurrency industry, Fidelity Investments, one of the world's largest asset managers with $4.5 trillion in assets under management, is reportedly preparing to file for a spot Bitcoin exchange-traded fund (ETF). This development signals a significant step toward the mainstream adoption of digital assets and could have far-reaching implications for both the financial and crypto markets. https://twitter.com/BitcoinMagazine/status/1673786304956616706 Fidelity To Launch a $4.5 Trillion spot Bitcoin ETF Fidelity's decision to launch a spot Bitcoin ETF underscores the growing recognition of cryptocurrencies as a legitimate asset class among institutional investors. The move also highlights the increasing demand for regulated investment vehicles that provi...

Bitcoin Dominance Surpasses 50% as Cryptocurrency Market Evolves.

24Jun

By OLAJIDE SAMUELNo Comments

Bitcoin

Bitcoin Dominance Surpasses 50% as Cryptocurrency Market Evolves.

In a significant milestone for the cryptocurrency market, Bitcoin dominance has officially surpassed 50%, reflecting the growing influence and resilience of the world's largest cryptocurrency. This achievement marks a turning point in the ever-evolving landscape of digital currencies as Bitcoin consolidates its position as the leader amid a diverse range of alternative cryptocurrencies. With Bitcoin Magazine breaking the news, the milestone underscores Bitcoin's enduring appeal and serves as a testament to its longevity and market acceptance. Read Also: Potential Synergy between Bitcoin and Shiba Inu (SHIB) Sparks Speculation of Explosive Growth https://twitter.com/BitcoinMagazine/status/1672341650188713985 Bitcoin Dominance Reaches New Heights Bitcoin, the pioneering digital curre...

SEC Grants Approval for Launch of First Leveraged Bitcoin Futures ETF in the United States

24Jun

By OLAJIDE SAMUELNo Comments

Bitcoin

SEC Grants Approval for Launch of First Leveraged Bitcoin Futures ETF in the United States

In a significant development for the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) has approved the launch of the first-ever leveraged Bitcoin futures exchange-traded fund (ETF) in the United States. The announcement, shared by Bitcoin Magazine via Twitter, marks a milestone for both the cryptocurrency and traditional finance sectors as investors gain access to new avenues for Bitcoin exposure. Read Also: Binance Empowers Global Law Enforcement with Cybercrime Combat Training in Kazakhstan https://twitter.com/BitcoinMagazine/status/1672282268495392768 SEC Agrees to The Leveraged Bitcoin Futures ETF The SEC's decision to greenlight the leveraged Bitcoin futures ETF reflects a growing acceptance and recognition of cryptocurrencies within the regulatory fr...

A Whopping 46,173 BTC Since September 27 Have Been Accumulated, and 15,000 BTC Is Transferred To Houbi Global.

5Oct

By CryptolifedigitalNo Comments

Bitcoin

A Whopping 46,173 BTC Since September 27 Have Been Accumulated, and 15,000 BTC Is Transferred To Houbi Global.

Santiment Feed recently shared a tweet explaining how Bitcoin (BTC) has experienced a significant buy in the past week. Santiment Feed an on-chain and social sentiment analytics firm noted wallet addresses having between 100 to 10k BTC have accumulated 46,173 BTC since September 27, noting a correlation between decreasing Tether USD (USDT) whale supply and increasing Bitcoin whale supply and vice verse. Read Also: A Terra Classic Developer, Zaradar, Says “No One Would Be Minting More LUNC As Long As He Remains In Charge”. https://twitter.com/santimentfeed/status/1577466630900051968 Per Santiment; “Bitcoin whales are showing signs of sustained accumulation, which has been a rarity in 2022,” and further stated that “Since September 27, addresses holding 100 to 10k BTC ha...

THNDR Games Launches Club Bitcoin To Make Free BTC Available To The Wider Audience

21Sep

By Cryptolifedigital1 Comment

Bitcoin

THNDR Games Launches Club Bitcoin To Make Free BTC Available To The Wider Audience

In the quest to make free BTC available to a wider audience, the THNDR Games, a Bitcoin-only gaming company releases Club Bitcoin: Solitaire. According to the Press Release; “This release aims to bring free bitcoin to wider audiences: specifically female audiences and emerging markets.” Per the THNDR’s statement: THNDR is set to bring Bitcoin to the world through mobile gaming.It is particular to female audiences and emerging market. It is worth noting that almost 2.56 billion across the globe play mobile games while 63% of these numbers are female. Over 80% of its users are new to Bitcoin and earn their first free BTC in THNDR’s play-to-earn games. Read Also: Ripple's General Counsel, Stuart Alderoty Says SEC Chair Cannot Self-Appoint Himself As The Cop On The Beat For Cr...

Justin Bons Says Bitcoin’s First Vision Has Been Diverted

29Aug

By CryptolifedigitalNo Comments

Bitcoin

Justin Bons Says Bitcoin’s First Vision Has Been Diverted

Justin Bons, the Founder and Chief Investment Officer of Cyber Capital, one of the oldest cryptocurrency funds globally, has taken the time to reflect in detail on the largest cryptocurrency. As stated on Justing Bons’ Twitter page, Bitcoin has broken the long-term security model. He further said the coin lacks capacity programmability and composability with comparatively weak economy qualities. Read Also: SEC Says It's Unopposed To The Ripple's Request Of Sealing The Expert Testimonies Justin Bons said:“BTC is unique in that it is technically one of the worst cryptocurrencies” Bitcoin's Vision Has Been Diverted He reiterated that the vision of the largest cryptocurrency by market cap has been diverted. He said Bitcoin block size not increasing is an aberration to the plan ...

Whales Are actively Accumulating BTC And Exchange Deposit Is Declining, Almost 16k Addresses Are Holding 100 To 10k BTC

18Aug

By CryptolifedigitalNo Comments

Bitcoin

Whales Are actively Accumulating BTC And Exchange Deposit Is Declining, Almost 16k Addresses Are Holding 100 To 10k BTC

The amount of Bitcoin’s addresses holding between a hundred to 10k has now hit a 2-month high. The update was gotten as revealed by an On-Chain analysis, and social metrics entity, Santiment, that the addresses containing a Bitcoin amount ranging from 100 to 10,000 have hit the 2-month high since the 11th of June. Read Also: Do Kwon Made A Move To Have A Legal Backing: Detail The implication of this is there is a sharp increase in two months. At current market values, the addresses are holding between $2.3 million and $233 million. https://twitter.com/santimentfeed/status/1560064367894286337 As stated on the Santiment’s official Twitter handle; “Bitcoin addresses holding between 100 to 10,000 BTC ($2.3m to $233m) has reached its largest quantity since June...