The Shanghai Second Intermediate People’s Court in China has explained that Bitcoin (BTC) stands out as a unique virtual asset based on several attributes including its scarce nature. On Sept. 25, the court published a report “Legal Attributes and Judicial Disposal of Digital Currency” highlighting the controversy in digital data and currency in judicial proceedings…
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NYSE Arca Exchange has submitted an updated application to list the Bitwise Bitcoin exchange-traded fund (ETF) Trust. This revised application includes a detailed academic analysis to address the significant concerns raised by the Securities Exchange Commission (SEC) regarding spot bitcoin ETFs…. Read More: Bitwise Draws Close to Spot Bitcoin Fund Approval With Latest Academic Record Read more…
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In today’s rapidly evolving cryptocurrency landscape, Bitcoin (BTC), the pioneer of the digital currency realm, finds its position and value influenced by emerging blockchain platforms and their associated tokens. With the current BTC price standing at $26,130 and a 24-hour trading volume of $12 billion, Bitcoin has experienced a decline of nearly 2% within the…
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Bitcoin (BTC) is set to end the third quarter of 2023 with losses of around 15%, its worst quarterly performance since the final quarter of 2022, when the cryptocurrency also lost 15%, as per currencyrush.com. The world’s largest cryptocurrency by market capitalization, which had a market of around $513 billion as of the 25th of…
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Last week was a quiet one for Bitcoin, as the US dollar continues to gain ground in the foreign exchange market. Price action, in particular, has had Bitcoin breaking below the $26,500 support, indicating a potential risk of more losses below the $26,000 support in the near term. Some analysts, however, are still betting on…
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Nasdaq-listed MicroStrategy (MSTR), the world’s leading corporate Bitcoin holder, has purchased an additional 5,445 BTC through August and September. The company announced Monday that it has acquired $147.3 million worth of the world’s largest cryptocurrency at an average price of $27,053 per Bitcoin “inclusive of fees and expenses,” per its latest filing with the Securities…
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The Bitcoin price funk could be about to get a lot worse if the US government starts selling BTC to run down its balance of 210,000 coins – but Bitcoin alternatives like Bitcoin BSC could be the beneficiaries. The US government is the largest sovereign holder of Bitcoin globally. According to data and analytics site…
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As of today, Bitcoin is priced at $26,600, witnessing a subtle rise of nearly 0.10% over the past 24 hours and commanding a trading volume of $6.4 billion. Despite its position as the premier cryptocurrency, ranked #1 on CoinMarketCap, and a staggering market capitalization of $518 billion, Bitcoin appears tethered, unable to breach the pivotal…
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Bitcoin and Ethereum, two paramount forces in the cryptocurrency realm, are currently experiencing minimal fluctuations of around 1%. They are trading near $26,500 and $1,600, respectively, with an intriguing neutrality, potentially influenced by a tempered trading volume. Such a tight trading range can often serve as a harbinger for a breakout, and as investors eagerly…
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In a notable discovery, Arkham Intel, a leading blockchain intelligence platform, has identified $25 billion worth of Bitcoin (BTC) reserves held by Coinbase, the prominent US-based cryptocurrency exchange. This revelation puts Coinbase at the forefront of the Bitcoin landscape, positioning it as the largest Bitcoin entity in the world alongside the enigmatic Satoshi Nakamoto. The…
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