Wells Fargo, the third largest bank in the United States, has invested in one of the country’s new Bitcoin ETF products. According to a 13F-HR form submitted on Friday, the bank held exposure worth $143 million across three different Bitcoin investment products as of March 31. Wells Fargo Buys Bitcoin The vast majority of those...
Bitcoin (BTC/USD) recently crossed the $60,000 threshold, only to face new challenges from Federal Reserve sentiment. The cryptocurrency, currently trading around $60,800, experienced a modest drop of about 1.50% over the last day, keeping the bitcoin price prediction bearish. This market movement aligns closely with remarks from Federal Reserve Governor Michelle Bowman, as reported by...
In the latest Bitcoin price prediction, the flagship cryptocurrency hovers around $61,154, reflecting a slight 0.60% increase within 24 hours. With a robust trading volume exceeding $13 billion and a market cap nearing $1.2 trillion, Bitcoin demonstrates resilience as bulls strive to maintain the $61,000 support level. Bitcoin Price Prediction At present, Bitcoin‘s price action...
Bitcoin (BTC) began the week on a downward trend, trading around $61,000 with an intraday low of $60,675. Despite a previous surge following the U.S. approval of exchange-traded funds (ETFs), Bitcoin has not regained momentum. The decline is largely due to hawkish comments from the Federal Reserve and speculation that the Fed may postpone its...
Japanese investment and consulting services company Metaplanet has adopted Bitcoin (BTC) as its strategic treasury reserve asset. The move comes at a time when Japan is facing high debt burden and a volatile national currency – yen. Metaplanet said in a press release on Monday that the company’s strategy “unequivocally prioritizes a Bitcoin-first, Bitcoin-only approach”...
Russian energy firms are preparing to “hunt down” private crypto miners and crack down on people mining cryptoassets at home, a report claimed on May 12. The media outlet Izvestia said the Russian Government Expert Council was preparing to send fresh mining-related proposals to the Cabinet. Lawmakers want to bundle the proposed measures in a...
The Bitcoin Asia 2024 conference in Hong Kong attracted a large crowd of enthusiasts and especially investors from mainland China. According to a recent report by the South China Morning Post, the organizer estimated that out of the 5,500 people who confirmed their attendance before the event, about half came from the country’s mainland. Hong...
Bitcoin mining firms are scaling back the use of their computer fleets after industry revenues crunched substantially last month, according to a May 13 Coinshares report. After reaching an all-time high last month, the seven-day rolling average for the Bitcoin network hash rate has declined quickly since the beginning of May. Peaking at roughly 650...
North Korea’s notorious Kimsuky hacking group, also known as APT43, has been reportedly launching cyberattacks on two South Korean crypto firms using a previously undocumented Golang-based malware named – Durian. Per findings from cybersecurity solutions giant Kaspersky, Durian is characterized by its “comprehensive backdoor functionality.” This feature enables the execution of delivered commands, additional file...
Franklin Templeton CEO Jenny Johnson, who oversees the $1.6 trillion asset management firm, said she remains a huge fan of blockchain technology and sees exchange-traded funds (ETFs) and mutual funds being on the blockchain during an interview with Bloomberg anchor David Westin. Johnson, a granddaughter of Franklin Templeton founder Rupert Harris Johnson, joined the company...