Bitcoin Financial News

Ether (ETH), the cryptocurrency that powers the smart contract-enabled Ethereum blockchain that remains the dominant chain in the DeFi, NFT and broader web3 industries, stole the spotlight from its bigger rival Bitcoin (BTC) this week, and was last up close to 11% since Sunday after BlackRock filed to set up a US spot Ethereum ETF with Nasdaq.

The inaugural Institute of Crypto-Assets, focused on research about blockchain technology and cryptocurrencies, has been officially opened at the Léonard de Vinci Center in Paris.

Thursday, November 9, 2023 – The Bitcoin price has hit $37,000, making good on all the losses suffered since TerraUSD imploded 18 months ago, but in-the-know traders think Bitcoin ETF Token ($BTCETF) is a Bitcoin alternative with greater potential.

A team of academic researchers from the International Hellenic University and Democritus University of Thrace in Greece recently published a paper supporting the “efficient market hypothesis” (EMH) for bitcoin trading.

News of BlackRock registering the iShares Ethereum Trust increased expectations that the asset manager may eventually apply for an Ether (ETH) spot exchange-traded fund. This is a positive sign as it shows that BlackRock’s cryptocurrency aspirations are not limited to Bitcoin (BTC).

Bankrupt cryptocurrency lender Genesis has asked the court to approve its proposed settlement agreement with the imploded crypto hedge fund Three Arrows Capital (3AC).

Bitcoin (BTC) may next be a “sell” at at least $110,000 as its new bull cycle plays out, a classic on-chain indicator suggests.

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Trading firm QCP Capital does not expect the Securities and Exchange Commission (SEC) to approve a spot Bitcoin ( BTC) ETF until 2024.

US Bankruptcy Judge Martin Glenn signed off on the restructuring on Thursday. Fahrenheit will pivot the business to pay back customers through bitcoin mining and earning "staking" fees by validating blockchain transactions, according to Reuters.

Cryptocurrency trading bot Wallet is debuting its global rollout on the Telegram messenger in several countries in Latin America and Africa.

One of the Big Four banks in the U.K., Lloyds Bank, has said that reports of cryptocurrency investment scams by victims have surged by 23% in the current year compared to the same period in 2022.

The former Bitwise Industries CEOs, Irma Olguin Jr and Jake Soberal, were charged by the SEC with misleading investors about the company’s finances. “We allege that Soberal and Olguin resorted to blatant fraud, including the creation of fake financial documents, to deceive investors and raise money,” said Monique C.

BlackRock has already created a corporate entity in keeping with the asset manager’s ETF division, titled ‘iShares Ethereum Trust,’ which is registered in Delaware. In response to the news, ETH’s price jumped to its daily high of $2,100, reaching a six month high. In June 2023, BlackRock applied to the SEC for permission to launch a spot Bitcoin ETF.

Galaxy Digital founder Mike Novogratz has told investors that 2024 will be headlined by institutional adoption of cryptocurrencies driven by the pending approval of Bitcoin (BTC) spot exchange-traded funds (ETFs).

Crypto index fund manager Bitwise Asset Management has stressed that it has no relationship with the failed technology startup Bitwise Industries, which is currently facing charges from the United States Securities and Exchange Commission. 

The world’s largest asset manager filed for a spot Ether (ETH) exchange-traded fund (ETF) on Nov. 9, four months after filing for a spot Bitcoin ETF. BlackRock’s filing helped ETH prices soar past $2,000 for the first time in over a year.

On Nov. 8, the first-of-its-kind Institute of Crypto-Assets held a formal opening at the Léonard de Vinci center in the business district just outside of Paris. 

Cryptocurrency exchange Binance is progressing with its exit from Russia and is preparing to terminate local currency deposits next week.

Bitcoin (BTC) faces a “torrent” of institutional inflows in the run-up to a United States exchange-traded fund (ETF) approval.

Crypto lender Celsius Network received U.S. bankruptcy court approval for a restructuring plan that will return cryptocurrency to customers and create a new company owned by Celsius creditors. U.S. Bankruptcy Judge Martin Glenn in Manhattan signed off on the restructuring in an order published on Thursday. The reorganized business will be managed by Fahrenheit LLC, a consortium that includes hedge fund Arrington Capital, and it will focus on mining new bitcoin and earning «staking» fees by validating blockchain transactions. New Jersey-based Celsius filed for Chapter 11 protection in July 2022, one month after freezing customer accounts to prevent withdrawals. Celsius, which was once valued at $3 billion, was one of the largest crypto collapses last year. The crypto lender is working to implement the plan and is expected to emerge from Chapter 11 in early 2024,according to a post on X, formerly known as Twitter.