Bitcoin Magazine

2024-04-15 08:30:51 The strong demand Bitcoin is seeing is due to US-listed ETFs and accredited custody options, the upcoming halving and Bitcoin's performance as a hedge against inflation, says Anthony Scaramucci

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2024-04-14 08:50:37 Paying for Starbucks with Bitcoin in El Salvador

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2024-04-13 18:40:26 Bitwise reveals spot Bitcoin ETFs outperformed pre-release predictions by a significant margin

Spot Bitcoin exchange-traded funds (ETFs) surpassed several predictions about their assets as their collective assets under management (AUM) hit $59.1 billion within the first three months of the year, Bitwise revealed in a research report on April 11. JP Morgan and Bitcoin investment management firm NYDIG anticipated that spot Bitcoin ETFs could achieve an AUM of $36 billion and $30 billion by the year’s end. Meanwhile, Matrixport predicted the ETF would garner an AUM between $24 billion and $50 billion by Dec. 31, 2024.

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2024-04-10 09:35:16 JUST IN: US Senator Cynthia Lummis says high ranking government officials feel threatened by Bitcoin because they can’t control it

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2024-04-09 21:12:01 Ark Invest's ETF Holds Unique 'Bitcoin Puppet' NFT Worth Over $27,000

Several spot bitcoin ETFs boast inscriptions within their portfolios, and on Monday, the X account linked to Ord.io revealed that Ark Invest’s ARKB ETF includes a “Bitcoin Puppet” NFT among its assets. This collection consists of 10,001 unique digital puppets, with the base price for one currently standing at 0.39 BTC, or $27,913. The “Bitcoin Puppet” inscription in ARKB’s possession is numbered 53,159,523 out of a total of 67.99 million.

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2024-04-09 12:31:52 BTC halving to fuel ‘raging firesale of crypto assets’ — Arthur Hayes

The Bitcoin halving this month, combined with a “bag of tricks” from the Federal Reserve and Treasury, will “add propellant to a raging firesale of crypto assets” and depress the crypto market for weeks, says BitMEX co-founder Arthur Hayes. In an April 8 blog post, Hayes wrote he believed the Bitcoin halving would “pump prices in the medium term” but warned crypto prices “directly before and after could be negative.”.

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2024-04-08 21:04:53 Bitcoin ETF activity to remain robust until the halving: Santiment

Spot Bitcoin exchange-traded fund (ETF) flows are likely to remain high until the Bitcoin halving later this month, according to on-chain analytics firm Santiment. The blockchain data firm observed that Bitcoin ETF volume hasn’t slowed since the asset hit an all-time high in mid-March, adding, “Trader activity is still notably higher than the turning point that began in late February after an influx of individual trading began” in a post on X on April 8.

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2024-04-08 12:14:53 Paraguay’s proposed Bitcoin mining ban could cost it $200M a year

The Paraguayan economy could lose more than $200 million annually if the country’s lawmakers pass a recently introduced bill to ban crypto mining in the country. Lawmakers introduced the draft bill on April 4, claiming illegal cryptocurrency mines are stealing power and disrupting the country’s electricity supply. If passed, the ban would last 180 days or until new laws are enacted and the national power grid operator can ensure it can supply sufficient energy.

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2024-04-07 20:33:48 Bloomberg analyst James Seyffart says that GBTC outflows will likely remain BELOW $100M from now on

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2024-04-07 11:39:54 In 2019, a CNBC host said it's “crazy” to Tom Lee's advice to invest 1-2% of assets in Bitcoin for $5,000

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