Bitcoin Financial News

MicroStrategy said on Wednesday it had bought bitcoin worth about $615.7 million in cash, amid growing expectations that the top U.S. markets regulator will soon approve a spot bitcoin exchange traded fund (ETF). The company and its subsidiaries purchased about 14,620 bitcoins at an average price of roughly $42,110 between Nov. 30 and Dec. 26, according to a regulatory filing. In recent months, a spate of filings, including from traditional finance heavyweights like BlackRock have revived the crypto markets which had been crushed after several high-profile firms such as Sam Bankman-Fried's FTX collapsed. A spot crypto ETF would track the market price of the underlying crypto asset, giving investors exposure to the token without having to buy the currency.

Cryptocurrency markets are unsurprisingly choppy on the final Friday of 2024, as massive option expiries trigger waves of unpredictable buy and sell pressure as market players hedge themselves and reposition ahead of the new year.

Japan-based Monex Group is set to acquire a majority stake in Canadian crypto asset manager 3iQ.

Bloomberg analyst Eric Balchunas has shared insights on the latest requirements imposed by the U.S. Securities and Exchange Commission (SEC) to regulate the involvement of third parties in Spot Bitcoin ETFs through a “cash-create” redemption model.

Cryptocurrency traders maintain a bullish drive to end the year with another positive on-chain metric going into 2024 as favorable market forces boost optimism.

In the ever-shifting realm of cryptocurrency, Bitcoin (BTC/USD) confronts a pivotal moment on December 29, as it grapples with significant technical barriers. Currently trading at $42,012, Bitcoin has witnessed a 1.00% decrease over the past day, amidst robust trading activity amounting to $24.68 billion in 24 hours.

Investing.com – Main U.S. indexes declined on the final trading day of 2023, pulling back from recent highs. Megacap tech ended the year on a sour note but was among the best performing groups overall this year.

In a series of developments, Ripple, Bitcoin, and Pullix are in the news again. While Ripple has expanded its operation to Ireland, Grayscale CEO believes spot Bitcoin ETFs will bring $30 trillion into the market.

Throughout the week, Bitcoin faced selling pressure once again as it was rejected from the upper band within the channel movement observed since the beginning of December.

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Indonesian authorities crack down on ten Bitcoin (BTC) mining sites for stealing energy from the national grid to power mining operations in the country.

The expected approval of a spot Bitcoin exchange-traded fund (ETF) in January might not translate into a price surge for the cryptocurrency, according to a note by blockchain data firm CryptoQuant.

In light of the fact that Taiwan is getting ready to hold its presidential election on January 13, 2024, a crucial advice has been given to the people of Taiwan about betting on cryptocurrencies. A thorough investigation into the use of cryptocurrency platforms for betting on the result of the presidential election has been begun by the authorities in Taiwan. This inquiry has brought to light the ethical and legal considerations that are associated with such behaviors.

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In the constantly evolving world of cryptocurrency, the buzz is all about the potential for a Bitcoin bull run, fueled by a low exchange supply. This anticipated surge is not just good news for Bitcoin enthusiasts but also for altcoin investors, particularly those eyeing Cardano (ADA) and the fast-rising memecoin, RebelSatoshi (RBLZ).

The Bitcoin ETF industry is seeing new headlines hit the market almost every other day. So much so that Franklin Templeton, which is a global asset management company, has even submitted an application for its own spot ETF.

In the fluid world of cryptocurrency, Bitcoin (BTC/USD), the trailblazer of digital currencies, finds itself at a pivotal juncture. As of December 29, Bitcoin’s price hovers at $42,627, reflecting a 1.82% decline in the past 24 hours. This downturn brings Bitcoin’s market capitalization to approximately $834.78 billion, asserting its dominance in the crypto market.

Mangaluru International Airport (MIA) conducted a security check following the receipt of an email claiming the presence of explosives on a plane at the airport, according to the authorities. The city police revealed that Mangaluru was one of several airports across the country that received similar emails on Tuesday night, all purportedly sent by a terrorist group named 'Funing'. The email, sent from the address '[email protected]', stated: «There are explosives inside of one of your planes.

The Anti-Corruption and Civil Rights Commission has revealed that South Korean lawmakers engaged in crypto trading, totaling a staggering 125.6 billion won ($97.6 million) over the past three years.

In a striking development in the cryptocurrency arena, Bitcoin, the foremost digital asset, has seen a notable surge, spiking to $43,800. This recent uptick in Bitcoin’s value, amounting to a 1.6% increase, has sparked speculation and anticipation among investors and market observers.