The past week witnessed a tumultuous fluctuation in the price of Bitcoin, creating a ripple effect on the rest of the market. On January 11th, 2024, it crossed the $48,000 mark, but since then, it has been on a consistent downward slope. Currently, Bitcoin is making a comeback, and this positive shift has also benefitted […]
Mt. Gox hack victims are more hopeful than ever!! The process of repaying former customers of Mt. Gox, who collectively lost 850,000 BTC (now valued at $33 billion) during the infamous 2014 hack, seems to be advancing. Some users on the mtgoxinsolvency subreddit group have reported receiving emails requesting confirmation of identity and account details. […]
The Bitcoin’s 21M supply cap represents a core tenet of the Bitcoin network, aiming to establish a sense of scarcity. This scarcity is intended to contribute to the perceived value and long-term stability of Bitcoin. While Bitcoin developers theoretically have the capability to remove the 21-million-Bitcoin supply limit from the source code, the practicality of […]
In just one week of trading, Bitcoin ETFs have surpassed Silver ETFs in the U.S. in terms of assets under management (AUM). This shift is attributed to the significant market interest and pent-up demand for Bitcoin. Previously, Silver held the second position in AUM among single commodity ETFs in the U.S., but Bitcoin has now […]
What Is A Spot Bitcoin ETF? A Bitcoin spot ETF (Exchange Traded Fund) is a financial product that aims to track the price of Bitcoin. This differs from existing Bitcoin ETFs, which are typically futures-based. A spot ETF, traded on stock exchanges, holds bitcoin as its primary asset, unlike futures ETFs that rely on future […]
Bitcoin surged to $45,000, reversing losses from the recent flash crash, reaching a 1.7% increase and trading at $45,100 according to CoinGecko data as the crypto community awaits the U.S. SEC’s decision on various applications for a spot Bitcoin ETF. Ahead of the SEC’s ruling, exchanges seeking to list these ETFs submitted their 19b-4 forms […]
The recent transaction involving a Genesis Bitcoin address associated with Satoshi Nakamoto received nearly 27 BTC from Binance on January 6. The news has caught the attention of Conor Grogan, the Director at Coinbase. He speculated on Twitter, suggesting the transaction could either be Satoshi Nakamoto purchasing Bitcoin from Binance and transferring it to their […]
Grayscale Investments and VanEck both have initiated the process to register shares of a spot Bitcoin exchange-traded fund (ETF) on stock exchanges, filing notices with the United States Securities and Exchange Commission (SEC) on January 4. These filings, using Form 8-A, aim to list their shares on the Cboe BZX Exchange and New York Stock […]
Amid speculation, reports surface on Reddit suggesting repayments for trapped Mt. Gox Bitcoin via PayPal, marking a decade-long wait.
Hashdex, a potential issuer of a bitcoin exchange-traded fund (ETF), updated its documentation, indicating BitGo as the custodian for its proposed Hashdex Bitcoin ETF. This change coincides with the company’s aspirations, along with several others, to secure approval for the first spot bitcoin ETF in the United States early in the upcoming year. In an […]
