Bitcoin News

2024-04-16 20:42:44 Current actions of bitcoin holders mirror December 2020, suggesting possible growth phase: Bitfinex analysts

A significant decrease in the inactive supply of bitcoin that has not moved in over a year is indicative of long-term holders either continuing to trim their holdings or moving their assets off exchange, according to this week's Bitfinex Alpha report. "Fundamental to bitcoin price dynamics is this week’s halving, which as it approaches, has seen a notable surge in bitcoin leaving centralized exchanges, and a decrease in the inactive supply of bitcoin that has not moved in over a year, to an 18-month low," Bitfinex analysts said.

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2024-04-16 09:11:30 Bitcoin Miners Battle the AI Boom Ahead of Halving: Bernstein

Bitcoin miners are increasingly facing off against a new foe to contend with ahead of this week’s halving: the AI boom. Bitcoin miners are largely centralized operations that mint new digital coins. To do so, a Monday report explains, they need to use a lot of computers and therefore energy. Meanwhile, the booming AI industry is also power-hungry. Both industries look to places like Texas, which has cheap energy and lots of land to build data centers.

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2024-04-15 18:47:12 Hong Kong approves Bitcoin and Ethereum ETFs as US lingers on ETH approval

Hong Kong further solidified its status as a crypto hub, with several issuers reporting approval of their spot Bitcoin and Ethereum Exchange-Traded Funds (ETFs) applications on April 15. China Asset Management, one of the issuers, disclosed that its Hong Kong entity received regulatory approval to offer virtual asset management services, paving the way for Spot Bitcoin and Ethereum products.

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2024-04-15 08:55:45 Crypto prices rebound from selloff as Bitcoin dominance hits three-year high

Bitcoin's dominance over all other cryptocurrencies has hit its highest value in three years following crypto's mild recovery from yesterday's sharp selloff, which was sparked by the news of an impending Iranian attack against Israel. Following the recovery, according to The Block's data dashboard, Bitcoin now commands nearly 53% of the crypto market, the most since early April 2021 and more than every other cryptocurrency combined.

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2024-04-14 10:01:35 Grayscale CEO Sees GBTC Reaching Equilibrium, Expects Outflows to Ease

Crypto asset manager Grayscale Investments believes that GBTC “has started to reach a little bit of an equilibrium,” says CEO Michael Sonnenshein, noting that some anticipated outflows from the firm’s spot bitcoin exchange-traded fund (ETF) are “largely behind us.” The crypto asset manager also expects GBTC’s fees to come down “as markets mature.”

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2024-04-13 17:52:03 Sources Say Hong Kong Set to Approve First Spot Bitcoin ETFs as Early as Monday

Following the approval of 11 spot bitcoin ETFs in the U.S., their counterparts in Hong Kong are now anticipated to secure the nod from the country’s Securities and Futures Commission (SFC). Bloomberg reported on Friday that according to insiders, these funds might begin trading on the Hong Kong Stock Exchange (HKSE) by Monday. According to the report, ETFs managed by Harvest Fund Management Company, Hashkey Capital, and Bosera Asset Management are likely to be approved by the SFC.

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2024-04-08 22:09:53 China's Largest Fund Managers Eye Spot Bitcoin ETFs in Hong Kong's Financial Markets

Two of China’s largest fund management firms have recently been reported to be filing applications for spot bitcoin exchange-traded funds (ETFs), according to regional sources on Monday. Harvest Global Investments and Southern Fund are seeking approval from Hong Kong’s Securities and Futures Commission (SFC), aiming to obtain authorization to introduce spot bitcoin ETFs.

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2024-04-08 10:49:53 Skybridge Founder: Bitcoin Halving Not Priced in — BTC Has 'a Lot More' Upside

Skybridge Capital founder Anthony Scaramucci discussed his bitcoin outlook in an interview with CNBC Friday. He explained that the demand for spot bitcoin exchange-traded funds (ETFs) “was a big reason” for the recent rebound in bitcoin’s price. “The regulatory hurdle where the United States government is now allowing a CUSIP to be attached to bitcoin is a big reason and … when Wall Street gets a product like this, it’s like a selling machine and it’s generating lots of demand for the product,” he detailed.

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2024-04-07 22:34:54 Bloomberg analyst James Seyffart says that GBTC outflows will likely remain BELOW $100M from now on

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2024-04-07 10:41:54 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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