Crypto ▪︎ Bitcoin ▪︎ Trading ▪︎ News

2024-03-14 20:50:26 Hong Kong regulators issue warning against Bybit exchange

Hong Kong's Securities & Futures Commission (SFC) has placed cryptocurrency exchange Bybit on its warning list as of March 14. "The Securities and Futures Commission (SFC) today warns the public of an unlicensed virtual asset trading platform (VATP) known as Bybit," the regulator wrote, "which offers trading services in crypto-related products in a number of jurisdictions."

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2024-03-14 12:05:18 Samson Mow says Bitcoin will hit $1 million this year amid unprecedented demand

Jan3 CEO Samson Mow said Bitcoin is on track to hit $1 million per coin this year or the next based on market conditions, the upcoming halving, and broader economic factors. Mow’s bullish stance on Bitcoin’s future comes at a time when the crypto market is witnessing an unprecedented level of interest from institutional investors, as seen with the involvement of entities like BlackRock and the emergence of spot Bitcoin ETFs.

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2024-03-13 21:15:00 BlackRock’s spot bitcoin ETF crosses $15 billion in AUM amid record inflow and volume

BlackRock’s IBIT spot bitcoin exchange-traded fund reached $15 billion in assets under management on March 12 after securing its largest daily inflows since it launched exactly two months earlier. In bitcoin terms, BlackRock’s IBIT fund has reached more than 212,000 ($15.4 billion) under management, while Fidelity’s FBTC has surpassed 126,000 bitcoin ($9.2 billion) in assets, according to data from BitMEX Research. Ark Invest 21 Shares’ ARKB is in third with over 38,000 bitcoin ($2.8 billion) in assets.

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2024-03-13 08:29:00 El Salvador Has More Bitcoin Than Public Estimates With Multiple BTC Revenue Sources, President Bukele Indicates

President Nayib Bukele of El Salvador has indicated that his country’s bitcoin holdings may exceed public estimates. He revealed that El Salvador has been generating bitcoin-related revenue from various sources in addition to the capital gains from bitcoin purchased since its legalization as a legal tender in the country.

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2024-03-12 21:40:26 JP Morgan CEO says he'll defend people's right to buy bitcoin

JPMorgan Chase CEO Jamie Dimon said that despite his reservations towards bitcoin, he would still defend people’s right to purchase the asset if they wish. At this week's Australian Financial Review business summit in Sydney, Dimon discussed bitcoin's recent rally and offered his thoughts on the timing of this year's possible rate cut by the U.S. Federal Reserve.

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2024-03-12 08:35:00 Biden’s 2025 budget targets crypto tax loopholes, expands digital asset oversight

The Biden administration released its proposed budget for 2025 on March 11, which includes provisions to implement a series of regulatory measures targeting digital assets. The proposed rules are expected to generate nearly $10 billion in additional tax revenue by 2025.

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2024-03-11 19:40:01 Bitcoin holders rejoice as value breaks unprecedented $71,000 milestone marking new ATH

Bitcoin’s price is trading above $71,000 for the first time in its history after increasing by more than 2% during the past day. Over the weekend, Bitcoin largely hovered around the $68,000 mark. However, during the early Asian trading hours today, it surpassed the $70,000 threshold and quickly surged to above $71,500. This rapid ascent places all Bitcoin holders in profit, according to IntoTheBlock data. BTC was trading at $71,551 as of press time, according to CryptoSlate’s data.

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2024-03-10 20:40:00 Bitcoin transaction volume skyrockets as the halving approaches and miners cash in

Bitcoin finally broke above its former all-time high price this past week, breaching $69,000 before mildly retreating. The run-up in price has led transaction volume to skyrocket on the network, and miners are cashing in on the increased activity. According to data from The Block, the seven-day moving average of transaction volume on the Bitcoin network has reached its highest level since September 2022, 18 months ago.

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2024-03-10 09:55:14 Nasdaq-Listed Bitcoin Mining Companies Bounce Back From Recent Downturn

Following a dynamic period of activity in the crypto market on Friday, stocks of publicly traded mining companies have recovered from their recent decline. In the last five days, Marathon Digital Holdings’ stock fell over 15%, yet on Friday, it experienced a 7.71% increase in value against the U.S. dollar. Several other leading mining corporations also observed their stocks bounce back, mirroring the positive momentum seen in spot crypto markets.

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2024-03-09 19:50:28 Arizona Senate To Add Bitcoin ETFs to Retirement Portfolio

The Arizona State Senate has approved a resolution to explore the inclusion of Bitcoin ETFs in the Arizona State Pension. This resolution will prompt state pension fund managers and treasuries to assess the potential of incorporating Bitcoin ETFs. With state pension funds in the USA collectively managing over $5.5 trillion in assets, a significant portion of which are dealing with funding deficits, this action is perceived as a strategic move to bolster portfolio diversification and mitigate investment risks.

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