Bitcoin Financial News

tribute to the late Charlie Munger on the social media site X (formerly Twitter). He wrote, "RIP Charlie Munger. I'll always remember him for this talk he gave on the Psychology of Human Misjudgement.

Over a dozen asset managers have applied to launch a Bitcoin spot ETF in the United States this year – and Coinbase is poised to serve as custodian for virtually all of them.

Bitcoin (BTC) spot exchange-traded funds (ETFs) in the United States now have a “clear runway” to potential simultaneous approvals after an advanced decision to delay the bids of Franklin Templeton and Hashdex ETFs, according to ETF analysts.

The United States Securities and Exchange Commission has announced the next steps in its consideration of the proposed Franklin Templeton and Hashdex spot Bitcoin (BTC) exchange-traded fund (ETF) bids.

Warren Buffett's grandfather for 20 cents an hour during the Great Depression to spending more than four decades as Buffett's second-in-command and foil atop Berkshire Hathaway Inc. Munger's family had advised that he died peacefully on Tuesday morning at a California hospital, said Berkshire. The union of Munger with Buffett is among the most successful in the history of business; they transformed Omaha, Nebraska-based Berkshire into a multi-billion dollar conglomerate with dozens of business units. Yet the partnership that formally began when they teamed up in 1975 at Berkshire, where Buffett was chairman and Munger became vice chairman in 1978, thrived despite pronounced differences in style, and even investing. Known almost universally as Charlie, Munger displayed a blunter form of musings, often in laconic one-liners, on investing, the economy, and the foibles of human nature. He likened bankers to uncontrollable «heroin addicts,» called the virtual currency Bitcoin «rat poison,» and told CNBC that «gold is a great thing to sew into your garments if you're a Jewish family in Vienna in 1939 but I think civilized people don't buy gold. They invest in productive businesses.» Munger was no less pithy in talking about Berkshire, which made both he and Buffett billionaires and many early shareholders rich as well. «I think part of the popularity of Berkshire Hathaway is that we look like people who have found a trick,» Munger said in 2010.

Gold has been a bright spot in client portfolios so far in 2023, rising more than 10% and offering investors something tangible – even in ETF form – in an increasingly uncertain geopolitical environment.

Charlie Munger, Warren Buffett's righthand man for nearly six decades, was a shrewd investment genius in his own right, passing on rich investing wisdom for generations of investors to learn from.

The Chicago Mercantile Exchange (CME) has long been the home of crypto for traditional finance investors, and this is unlikely to change — even with the approval of a Bitcoin spot ETF.

Canaan – a China-based Bitcoin (BTC) ASIC manufacturer and operator – lost nearly half its revenue from mining machine sales last quarter, according to its Q3 earnings.

In the current period, blockchain technology is predominantly used for financial transactions. However, there are emerging trends that are redefining the application of blockchains with purposes like fraud detection, AML and supply chain management. 

Interactive Brokers, one of the largest brokerage firms in the world, has opened crypto trading for retail clients in Hong Kong.

In the dynamic world of cryptocurrencies, Bitcoin (BTC) continues to capture the spotlight, showcasing resilience and bullish sentiment despite recent fluctuations. As of Tuesday, Bitcoin has been trading robustly, hovering above the $37,000 threshold, reflecting a sustained upward trajectory amidst a generally tranquil crypto market.

Boyaa Interactive International Limited, a distinguished online card and board game developer based in Hong Kong, is advancing into the cryptocurrency realm. Since its founding in 2004 and subsequent listing on the Hong Kong Stock Exchange in 2013, Boyaa has established a robust presence in the gaming industry, offering popular titles like Texas Hold’em and Chinese Chess​​​​.

Unchained, a player in the bitcoin financial services sector, has announced a strategic partnership with Bakkt on November 15, 2023, marking a significant expansion of its Collaborative Custody Network. This alliance not only strengthens Unchained’s position in the cryptocurrency custody landscape but also enhances its capability to secure over $3 billion in bitcoin assets for its clients. The announcement reflects Unchained's substantial growth, with a nearly 40% increase in secured bitcoin assets since October 2022.

Bitcoin (BTC) may suffer when the first spot exchange-traded fund (ETF) is approved by the United States, a new warning says.

The explosive growth and success of Binance outside of the control of the traditional financial and political establishment led to heavy-handed enforcement actions against the exchange, according to former BitMEX CEO Arthur Hayes. 

Cryptocurrency mining firm Phoenix Group is preparing for its public trading launch after seeing a significant oversubscription during the pre-market sale on Nov. 21.

Many predicted that Binance would never embrace regulation — it would only pretend to comply in jurisdictions like the United States. 

Bitcoin (BTC), the largest cryptocurrency by market value, experienced its first-ever halving 11 years ago today. As the community celebrates the anniversary of the first Bitcoin halving, it’s timely to revisit some of Bitcoin’s historical milestones ahead of the next halving expected in April 2024.

Cross-chain non-fungible token (NFT) platform Magic Eden has rolled out its Magic Eden Wallet in Beta, with the desktop browser extension to follow.

A number of crypto advocates have emphasized the significance of Bitcoin (BTC) mining as a “critical tool” for clean energy usage and grid balancing.