Spot Bitcoin (BTC) exchange-traded funds (ETFs) could witness an influx of $220 billion over the next three years. According to a research report by broker JMP Securities, this surge in capital could potentially drive BTC’s price up fourfold to $280,000, considering the multiplier effect on new investments. JMP analysts highlighted that if their estimates regarding...
UK Judge James Mellor has rejected Craig Wright’s claims of being Satoshi Nakamoto, the elusive creator of Bitcoin, in a recent verdict. The ruling came at the conclusion of closing arguments in the lawsuit brought by the Crypto Open Patent Alliance (COPA) against Wright, an Australian computer scientist who has asserted his identity as Nakamoto...
The New York Stock Exchange (NYSE) has proposed the US Securities and Exchange Commission (SEC) to consider listing 7RCC’s environmentally-conscious spot Bitcoin ETF. Crypto asset manager 7RCC is creating a carbon-neutral ESG-focused spot Bitcoin exchange traded fund (ETF). It comprises of 80% of Bitcoin and remaining holding carbon credits futures. 7RCC filed an application with...
Institutional interest for Bitcoin and other digital assets has been apparent in previous years. Yet industry experts believe that investors are taking a newfound interest in Bitcoin (BTC) following the approval of 11 US spot Bitcoin exchange-traded funds (ETFs). David Lawant, Head of Research at FalconX – an institutional crypto brokerage – told Cryptonews that...
Andorra received IMF guidance on recording and tracking Bitcoin transactions on March 13, following an official request for technical assistance from the European nation. IMF’s Charge to Andorra on Bitcoin Transactions In September 2023, the IMF conducted a technical assistance (TA) visit to Andorra – a country bordering France and Spain. The visit sought to...
Longtime Bitcoin critic Peter Schiff admitted on March 13 that he regrets not investing in Bitcoin when he was first introduced to it in 2010. The American stockbroker, known for advocating for gold investments, had previously mocked Bitcoin as a “pure Ponzi scheme.” During a televised debate, Schiff said that his net worth could have...
JPMorgan analysts remain bearish on Bitcoin’s near-term future, believing the asset’s current rally is attributable to retail and speculative institutions. Both groups, the bank claimed on March 14, have joined momentum traders like commodity trading advisors in burrowing money into both gold and bitcoin futures. JPMorgan’s Bitcoin Analysis The bank’s analysis is a countertheory to...
The price of the leading cryptocurrency Bitcoin faced a deep correction from its all-time highs during early Asian hours on Friday. Bitcoin is trading below $68,000, nearly 7.5% down in the last 24 hours. The price correction triggered massive liquidations as the entire network saw over $657 million positions liquidated in the last 24 hrs....
Crypto users can pay Bitcoin to subscribe and watch movies, says streaming platform Movies Plus. In an announcement on Wednesday, the free movie streaming app Movies Plus said that it has become the “first streaming platform to accept Bitcoin.” BREAKING 🚨 Movies Plus becomes the first streaming platform to accept Bitcoin! You can now pay...
Bitcoin (BTC) fell below weekly lows on Friday, reaching as low as $65,600 after hitting fresh all-time highs. However, market observers remained calm, attributing the dip to typical corrective moves within a broader uptrend. Popular commentator On-Chain College, which boasts over 52k followers on X, noted that a 10% retracement in Bitcoin’s price is normal...