Bitcoin Financial News

Bitcoin ETF. Bitcoin was up 3.8% at $27,909, while Ethereum was above the $1,550 level. Meanwhile, the global cryptocurrency market cap surged 2.6% to around $1.08 trillion in the last 24 hours. «BTC and ETH both showed positive gains over the weekend, driven by the news that the SEC won't appeal the court decision regarding Grayscale's spot Bitcoin ETF application. This news has sparked the interest of investors, as it raises the likelihood of a BTC spot ETF approval by the end of the first quarter of 2024,» said CoinDCX Research Team. Meanwhile, Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, said, «In a positive development that underlines the crypto adoption, Ferrari — a well-renowned car manufacturer will now accept crypto as a payment method for its luxury cars in the U.S. To execute this, the company has partnered with BitPay wherein payments will be accepted in BTC, ETH, and USDC. As part of its expansion plans, this payment method will soon be available in Europe as well.»

South Korean prosecutors have requested the death penalty for four suspects in a crypto murder-kidnap case that saw a woman abducted and murdered for her crypto holdings.

Bitcoin's price briefly rose more than 5% to nearly $30,000 early Monday after an erroneous report that investment firm giant BlackRock's bitcoin spot exchange-traded fund (ETF) had received approval from the U.S. Securities and Exchange Commission (SEC).

On Oct. 11, Caroline Ellison, the former head of the now-defunct Alameda Research, informed a U.S. court that she received instructions from FTX's co-founder and CEO, Sam "SBF" Bankman-Fried, to sell Bitcoin (BTC) if its price remained above $20,000. 

Investing.com — The Dow closed higher Monday, as investors ramped up bullish bets on big tech, shrugging off an ongoing climb in Treasury yields as attention shifts to a step up in pace of quarterly earnings expected this week.   

Bitcoin prices briefly spiked on Monday morning after a false report circulated on social media that the U.S. Securities and Exchange Commission (SEC) had approved a spot bitcoin exchange-traded fund (ETF).

Fake rumors that the SEC had approved a spot Bitcoin ETF that surfaced earlier on Monday triggered a short-lived pump in the crypto market, with Bitcoin (BTC) briefly reaching as high as $30,000.

The world’s largest bitcoin fund is surging faster than the cryptocurrency itself as investors anticipate that an exchange-traded fund centered on the token could soon launch. 

After two successive weeks of gains, the S&P 500 Index (SPX) started the week on a positive note. This suggests a risk-on sentiment which is a bullish sign. The volatility is likely to pick up as 11% of the S&P 500 companies are expected to report results this week.

SkyBridge Capital’s founder Anthony Scaramucci says Bitcoin (BTC) could soar to a $15 trillion market cap, a massive 2,662% despite recent regulatory hurdles and market tightening factors.

Recent price action in Bitcoin showcases the asset's volatility and susceptibility to market rumors. Earlier on Monday, Bitcoin surged from just under $28,000 to $30,000 in a matter of minutes. 

The world of finance is constantly shifting, and recent developments have caught the attention of veteran as well as beginner cryptocurrency investors. Bitcoin, which leads the top ten cryptocurrency list, has forged a new path, diverging from its once close relationship with long-term bonds.

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Monday, October 16th, 2023 - After the US Securities and Exchange Commission (SEC) declined to request an appeals court reconsideration of the Grayscale Bitcoin ETF, the Bitcoin price has exploded - triggering a scramble for Bitcoin alternatives such as Bitcoin Minetrix ($BTCMTX).

Bitcoin pumped from under $28,000 to $30,000 within minutes earlier on Monday as unverified rumors that the US Securities and Exchange Commission (SEC) had approved asset management giant BlackRock’s iShares spot Bitcoin Exchange Traded Fund (ETF) application began circulating across social media.

As on-chain moves spring back into life, the latest stealth-launched token to skyrocket is Refund token (REFUND) - which has undertaken a skyrocket +1,000% move.

Major crypto hardware wallet company Trezor has launched two new products, as well as a limited-edition Bitcoin wallet to celebrate its 10th anniversary - the latter of which sold out in a day.

“We’re contorting ourselves to pass through the keyhole of tyranny.” Edward Snowden’s words ring out in the packed Genesis Stage hall at Bitcoin Amsterdam, stressing the preeminent cryptocurrency’s ever-increasing importance in a world beset by creeping government surveillance, devaluing fiat currencies and restrictive policies.

Troubled cryptocurrency platform Haru Invest plans to suspend its server a few months after halting withdrawals in June 2023.

Finance ministers of G20 nations have now adopted the synthesis paper released by Financial Stability Board (FSB)  and International Monetary Fund (IMF) that carries a number of suggestions on regulations of cryptocurrencies.

Major automobile manufacturer Honda does not accept cryptocurrency payments directly, but people can use cryptocurrencies like Bitcoin (BTC) to buy a Honda car through a third party.