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2024-03-15 13:00:00 Analysts 'Now More Convinced' of Bitcoin Reaching $150,000 by Mid-2025

Global asset management firm Alliance Bernstein has doubled down on its bitcoin price prediction of $150K by mid-2025. “These are still early days of bitcoin’s integration into traditional asset portfolios,” the firm’s analysts described, adding that they are “now more convinced” about their $150K price forecast for bitcoin.

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2024-03-14 19:56:22 Bitcoin ETFs are going to surpass gold's, says ETF expert — unless there’s a black swan event

Bitcoin ETFs have seen far higher flows and assets than most predicted ahead of launch, and this unparalleled success has analysts speculating about how high they might go. Having started with $28.9 billion of assets when they launched — as Grayscale’s flagship Bitcoin Trust was converted across along with its assets — the 11 spot bitcoin ETFs now have a combined AUM of $61 billion. On the back of heavy inflows and a rising bitcoin price, their size is heading toward that of gold ETFs, which have a combined AUM of around $97 billion.

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2024-03-14 13:01:30 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 21:20:00 EU publishes draft rules for stablecoin issuer complaint procedures

The EU has published draft regulatory standards for issuers of stablecoins when dealing with complaints. Wednesday's Regulatory Technical Standards (RTS) set procedures for the "prompt, fair and consistent handling of complaints by holders of ARTs," or asset reference tokens, outlining specific guidelines and requirements for stablecoin issuer complaint management policies and procedures.

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2024-03-13 08:15:00 $1.4 billion of bitcoin mined last year by once bankrupt Core Scientific

Earlier this year, the crypto mining firm Core Scientific emerged from bankruptcy and had its shares relisted on Nasdaq. On Tuesday, the company said that last year, it mined 19,274 bitcoin, worth about $1.4 billion at current prices. Core Scientific reported on Tuesday that it had self-mined 13,762 bitcoin for its own account on top of "an estimated 5,512 for our hosting clients’ accounts." The company also reported a net loss of $195.7 million, which it said was an improvement of $239.2 million.

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2024-03-13 00:02:13 Two Binance executives detained in Nigeria for two weeks: reports

Two Binance executives — Tigran Gambaryan and Nadeem Anjarwalla — have been detained for the past two weeks in Nigeria against their will, amid accusations of the exchange making illegal transaction profits locally, according to multiple media reports. Nigerian authorities seized their passports, but the officials did not inform the two of their charges, according to Wired.

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2024-03-12 11:10:00 Trump says he has no intention of stopping people from using Bitcoin

Former US President Donald Trump said that Bitcoin is an “additional form of currency” that has “taken on a life” of its own, and he has no intention of stopping people from using it. Trump made the statement during an interview on CNBC’s Squawk Box on March 11. His comments come amid a backdrop of growing interest in crypto as Bitcoin has once again entered price discovery mode after setting a new all-time high.

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2024-03-11 20:51:13 Tether to launch USDT stablecoin on Celo blockchain

Stablecoin issuer Tether is set to launch its token on Celo, an Ethereum virtual machine-compatible blockchain that is in the process of transitioning to an Ethereum Layer 2 network. Tether's Celo expansion will bring USDT to over a dozen blockchains, including Ethereum, Solana, Avalanche, Polygon, and Near. Last August, Tether discontinued support for the Kusama, Bitcoin Cash Simple Ledger Protocol and Omni Layer networks, citing a lack of demand, while redemptions on those networks will continue until August this year.

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2024-03-10 23:15:41 BlackRock's Bitcoin ETF Nears 200K BTC, Passing Michael Saylor's MicroStrategy

In less than two months of existence, the BlackRock iShares Bitcoin ETF (IBIT) has accumulated more bitcoin (BTC) than MicroStrategy (MSTR). According to the fund's latest disclosure, IBIT held 195,985 bitcoin on Friday after another day of significant inflows. Meanwhile, the most recent public statements from MicroStrategy show the company as of Feb. 26 held 193,000 tokens.

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2024-03-10 11:01:43 Crypto Analyst Predicts Bitcoin Could Surpass $330,000, Breaking Historical Growth Patterns

In an analysis posted on Tradingview, cryptocurrency analyst Tradingshot presents a view where bitcoin might cross the $330,000 threshold. Utilizing a blend of historical pattern disruptions and the Theory of Diminishing Returns (TODR), the market analyst posits that the upcoming cycle may break from the traditional pattern of lesser yields.

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