Bitcoin News

2024-02-08 21:59:59 Microstrategy Raises Bitcoin Holdings to 190K BTC — Calls Itself 'World's First Bitcoin Development Company'

Nasdaq-listed Microstrategy has increased its cryptocurrency holdings to 190,000 bitcoins, having acquired 31,755 additional coins since the end of the third quarter. The company now considers itself “the world’s first Bitcoin development company,” with a unique value proposition, even when compared to spot bitcoin exchange-traded funds (ETFs). “We are a publicly-traded operating company committed to the continued development of the Bitcoin network through our activities in the financial markets, advocacy, and technology innovation,” Microstrategy detailed.

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2024-02-08 09:05:00 SEC Delays Decision on Invesco-Galaxy Spot Ethereum ETF Proposal

May 23 continues to be a significant date for the approval of spot Ethereum ETFs, representing VanEck’s final deadline for approval. The United States Securities and Exchange Commission (SEC) has again delayed its decision on whether to approve or not a joint spot Ethereum exchange-traded fund (ETF) proposed by Invesco and Galaxy Digital. This marks the second postponement after a similar delay in December and aligns with the SEC’s recent trend of pushing back deadlines for Ethereum ETF proposals.

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2024-02-07 20:54:59 Thailand waives value-added tax on crypto gains: report

Thailand has extended its value-added tax exemption on cryptocurrency trading in an attempt to develop the country into a digital asset center, according to local media. The Bangkok Post reported on Wednesday that the Ministry of Finance has relaxed rules by suspending the requirement to pay a 7% value-added tax on gains from crypto trading. The tax exemption period became effective on Jan. 1, 2024, without an expiration date, according to the report.

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2024-02-07 10:35:00 Bitcoin's price rebounds above $43,000 as macro concerns temper some optimism

The price of bitcoin has rallied back above the $43,000 mark with the volatile price action causing the liquidation of over $66 million in leveraged cryptocurrency positions. The world's largest cryptocurrency by market capitalization increased by over 1.8% in the past 24 hours to $43,317 at 12:00 p.m. ET, according to The Block's Price Page. The price action caused the liquidation of over $15 million in bitcoin leveraged positions, according to Coinglass data.

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2024-02-06 21:06:41 Grayscale CEO advocates for spot Bitcoin ETF options to gain approval

Grayscale CEO Michael Sonnenshein urged regulators to approve spot Bitcoin exchange-traded fund (ETF) options in a statement on Feb. 5. He noted that the New York Stock Exchange (NYSE) and other national securities exchanges have recently submitted filings that would allow options trading on commodity-based ETFs like Grayscale’s own GBTC fund.

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2024-02-05 21:00:00 South Korean Regulator to Discuss Spot Bitcoin ETF With U.S. SEC: Report

Lee Bok-hyun, the head of South Korea's Financial Supervisory Service (FSS), said he is planning on maintaining talks with the U.S. Securities and Exchange Commission (SEC), and an area of focus will be spot bitcoin exchange-traded funds (ETFs), Hankyung reported on Monday. "I met with SEC Chairman Gary Gensler (this year) and there are areas where we will focus on issues such as virtual asset issues and bitcoin spot ETF," Lee told reporters.

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2024-02-05 09:25:00 Coinbase Sees Positive Setup for Bitcoin as Exhaustion Hits Factors Pressuring BTC

Cryptocurrency exchange Coinbase says many technical factors pressuring bitcoin, and crypto more broadly, are starting to be exhausted. “We expect macro factors to become more relevant for the digital asset class in the weeks ahead, which could be supportive for performance,” Coinbase’s analysts detailed.

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2024-02-04 19:03:21 Legendary investor Jim Rogers says Bitcoin ‘is not a threat’ to governments

According to Rodgers, despite Bitcoin’s growth in its current state, the primary role of the flagship cryptocurrency is that of a trading vehicle and does not pose a threat to governments in terms of replacing existing currencies, he said during an interview with Kitco News published on January 31. He emphasized that governments are unlikely to recognize Bitcoin as a currency, citing concerns about its competition with existing monetary systems.

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2024-02-04 10:12:02 ' Wolf Of All Streets' Explains Bitcoin Halving Could Send BTC to $240,000

Scott Melker, also known as the “Wolf Of All Streets,” has explained why the upcoming Bitcoin halving could push the price of the cryptocurrency to $240,000. Noting that in the last halving cycle, bitcoin’s price went from the $20,000 high to the $69,000 high, he stressed that it’s an appreciation of 250.86%. If a similar trend occurs, he said, “we’re looking at bitcoin around $240,000.”.

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