Bitcoin (BTC), the leading cryptocurrency, recently showcased its resilience by rebounding above $66,270, a significant recovery from a recent low of $62,000. This downturn was initially triggered by the onset of the Iran-Israel conflict, causing substantial liquidations among crypto investors. With that in mind, Bitcoin price prediction seems bearish, ahead of Bitcoin haling event. Despite...
BlackRock’s Bitcoin ETF stands out as the sole spot Bitcoin fund in the United States to experience inflows on Monday, while other ETFs reported either zero inflows or even outflows. According to data from Farside Investors, the iShares Bitcoin Trust (IBIT) recorded net inflows of $73.4 million on April 15, although this figure decreased from the...
The central bank of the Pacific island country of Fiji has released a note to the public cautioning that cryptocurrencies and virtual assets such as Bitcoin, Ethereum, and Tether are not recognised as legal tender in the country. In an announcement, the Reserve Bank of Fiji said it is illegal for any individuals to purchase...
United States Senators Elizabeth Warren (D-MA) and Charles E. Grassley (R-IA) have demanded that Commodity Futures Trading Commission (CFTC) Chair Rostin Benham disclose details of his interactions with disgraced FTX founder Sam Bankman-Fried prior to the exchange’s collapse, according to an April 12 letter addressed to Benham. U.S. Senators Request Chats Between Rostin Benham and...
In this latest Bitcoin price prediction, the cryptocurrency is trading at $62,900, a slight decrease of around 0.65%. Recent developments, including the conditional approval of Bitcoin and Ether ETFs in Hong Kong and escalating Middle East tensions, influence market dynamics. These factors, coupled with the upcoming halving event, are pivotal in shaping Bitcoin’s short-term financial...
Grant Martin, the former Chief Compliance and Ethics Officer at the Federal Reserve Bank of New York, is joining the board of Binance.US, the crypto exchange announced in a Tuesday blog post. Former NY Fed Official Grant Martin Hired By Binance.US According to the company’s announcement, Martin worked at the Fed for over 30 years,...
On April 12, Robert Kiyosaki, the renowned author of “Rich Dad, Poor Dad,” expressed his lack of interest in investing in spot Bitcoin exchange-traded funds (ETFs) and any other “Wall Street financial products.” The New York Times best-selling author, who has been a stoic supporter of Bitcoin over the years, noted that he favors direct...
Bitcoin Depot, the largest Bitcoin ATM operator in the United States, has reported robust revenues despite the highly volatile nature of cryptocurrency prices. In its recently filed 10-K annual report on April 15, the company revealed that its revenues in 2023 and 2022 amounted to $689 million and $647 million, respectively, showing no significant correlation...
Crypto-supportive litigator John Deaton is off to a strong start in his bid to displace Massachusetts Senator Elizabeth Warren from her place in Parliament – at least when it comes to fundraising. John Deaton’s Campaign Fundraising As reported by Eleanor Terret of Fox Business, the lawyer-turned-senate hopeful raised $1.36 million for his campaign Q1, compared...
10x Research Founder Markus Thielen who predicted Bitcoin’s recent pre-halving rally to all-time highs has turned bearish on risk assets such as technology stocks and cryptocurrencies. In a CoinDesk interview in February 2024, Theilin stated that “Bitcoin rallies an average of 32% in 60 days ahead of the halving”. Citing it to be upheld as...