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2024-04-23 19:50:29 Spot bitcoin ETFs continue net inflows after a rough last pre-halving week

After breaking a five-day streak of consecutive net outflows on Friday — when the foremost cryptocurrency's block rewards officially halved — spot bitcoin exchange-traded funds in the United States recorded another day of net inflows on Monday. The total net inflow for spot Bitcoin ETFs yesterday was just over $62 million, with the Fidelity Wise Origin Bitcoin Fund garnering the most significant single-day net inflow at $34.83 million, according to data from SoSoValue.

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2024-04-23 10:05:17 Bitwise: Bitcoin Will Have 'a Great Next 12 Months'

Bitwise Asset Management expects bitcoin to have a great next 12 months. A Bitwise researcher has explained that the cryptocurrency will likely continue to test its “higher highs” this year and next. He considers regulatory risk to be the primary concern for bitcoin.

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2024-04-22 21:10:26 Mt. Gox creditors report bitcoin and bitcoin cash payment update on claims system

Multiple Mt. Gox creditors have reported that the trustee has updated claim accounts with bitcoin and fiat repayment data. According to users of the Mt. Gox insolvency subreddit, the Mt. Gox trustee has added specific amounts to be repaid and dates of the completion of repayment to their claim accounts. Multiple screenshots show that the repayment status in the fiat currency repayment claim section is labeled complete. A number of users have claimed that they received fiat currency repayments in their bank accounts.

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2024-04-21 19:55:27 Wealth management firms to boost Bitcoin ETF holdings - Bitwise CEO

Bitwise CEO Hunter Horsley has predicted that wealth management firms will increase their Bitcoin exchange-traded funds (ETFs) in terms of holdings. The prediction comes at a time when Bitcoin ETFs are expected to gain even more traction after the halving. Horsley’s prediction aligns with the broader market belief that there is increasing demand for ETFs, given that Bitcoin investments in the United States exchange-traded funds (ETFs) market recorded a net positive inflow right before the Bitcoin halving day following five consecutive days of drain.

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2024-04-20 20:09:57 IRS releases draft form to report certain crypto transactions

The Internal Revenue Service released an early draft of a tax form for brokers and exchanges to report certain sales of digital assets, giving insight into how the IRS may categorize brokers. In the Form 1099-DA draft posted on Thursday, the IRS lists broker types: kiosk operator, digital asset payment processor, hosted wallet provider, unhosted wallet provider and others. The form also asks for a "digital asset address" and whether the asset is a "noncovered security."

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2024-04-20 10:35:14 Human Rights Foundation launches Finney Freedom Prize to reward contributions to Bitcoin for 110 years

The Human Rights Foundation (HRF) unveiled the Finney Freedom Prize on Bitcoin’s fourth halving day to celebrate the flagship crypto for enabling greater financial freedom for the world. The award is designed to honor significant global achievements in Bitcoin and human rights, reflecting Finney’s vision of using technology as a tool for liberation. The inaugural Finney Freedom Prize was awarded posthumously to Hal Finney, recognizing his pioneering work during Bitcoin’s first halving era from 2009 to 2012.

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2024-04-19 19:31:23 Scaramucci says Bitcoin is ‘still very young,’ predicts $200k long-term price after halving

SkyBridge Capital founder Anthony Scaramucci said that Bitcoin is “still very young” in terms of adoption and predicted significant long-term growth despite its current volatility and recent price fluctuations influenced by global events. In an interview focused on the flagship crypto’s trajectory, Scaramucci highlighted that Bitcoin is still early in its adoption curve, likening its current stage to the early days of the internet around 1999.

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2024-04-18 19:59:58 Bitcoin Miners Remain Optimistic About Future Despite Anticipated Revenue Loss

The CEOs of bitcoin mining firms reportedly remain bullish despite the anticipated drop in block rewards, which is set to follow the top cryptocurrency asset’s halving on or around April 20. Many of the CEOs believe a combination of low-cost operations and more efficient equipment will enable miners to offset the revenue loss related to the halving. According to a report, Bitcoin’s fourth halving since its launch will result in miners losing as much as $10 billion in revenues.

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2024-04-18 10:40:16 Crypto ETFs other than Bitcoin and Ethereum funds will '100%' be approved: Grayscale

Grayscale's ETF chief is bullish that regulators will eventually have to approve exchange-traded funds based on cryptocurrencies other than bitcoin and ether. David LaValle, Grayscale's global head of ETFs, was asked during a roundtable discussion on Wednesday if he thought exchange-traded funds based on other cryptocurrencies might gain approval in the next two to three years.

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2024-04-17 19:29:58 Bitcoin halving could be 'buy the rumor, sell the news' event, crypto payments company CEO says

The bitcoin halving could be a "buy the rumor, sell the news" event, according to the CEO of a crypto payments solution provider. "With more sophisticated market participants and institutional investors in this market cycle, we may see a case of ‘buy the rumor, sell the news’ for this halving," Coinify CEO Rikke Staer said in an email sent to The Block.

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