Tag Archives: Bitcoin

(Bloomberg) — Cathie Wood is joining the slate of Wall Street players hoping U.S. regulators will soon greenlight an ETF tracking Bitcoin futures. Most Read from Bloomberg The ARK 21Shares Bitcoin Futures Strategy ETF, ticker ARKA, plans to invest in Bitcoin futures contracts that trade on commodity exchanges, according to a Wednesday filing with the Securities and Exchange Commission. Alpha Architect, a white-label issuer of ETFs, submitted the filing, while 21Shares US LLC — an affiliate of… Source link

In July, major crypto lender BlockFi officially launched its credit card that lets customers earn cryptocurrency rewards based on spending. Today, the company said the number of BlockFi cardholders has grown to over 50,000 in the last three months. Unlike cryptocurrency debit cards offered by companies like BitPay and Coinbase – which let customers spend their crypto – the BlockFi credit card incentivizes users to spend U.S. dollars in order to earn crypto. BlockFi first announced its… Source link

After hitting a low of around $31,000 in mid-July, bitcoin (BTC-USD) has healthily recovered, currently trading at around $55,000 following resistance at around $45,000 during September. Amid talks of regulation over cryptocurrency markets, however, OANDA Market Analyst Craig Erlam believes that bitcoin’s momentum will continue. “You look at the charts, for example, and that’s all we really have to go off right now — and there just still seems to be plenty of momentum in the move,”… Source link

Jamie Dimon, the CEO of the largest U.S. bank, took another jab at bitcoin bulls on Monday, alleging that the cryptocurrency may not be limited in quantity. “I’ll just challenge the group to one other thing: how do you know it ends at 21 million? You all read the algorithms? You guys all believe that? I don’t know, I’ve always been a skeptic of stuff like that,” said the JPMorgan Chase (JPM) CEO at an Institute for International Finance event on Oct. 11. The price of bitcoin was hovering… Source link

BeInCrypto – The Bitcoin network hit a new milestone on Oct. 6, settling $31 billion in transactional value. The new all-time high caps off an incredible rise in settlement value since the start of the year. The bitcoin network settled a record $31 billion in a single day on Oct. 6, 2021. This marks a new all-time high for settlement numbers on the network. For some perspective, this represents a 40x jump in settlement value since the start of 2020. Since then, however, there has been a… Source link

Like a toddler in a car seat on a long drive, last week the cryptocurrency market persistently asked the gnawing and annoying question, “Why?” Specifically, why did someone make a massive purchase of $1.6 billion worth of bitcoin on Wednesday in a couple of minutes? You’re reading Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Sunday. While many see this huge buy as a signal of… Source link

Bitcoin (BTC-USD) spiked by more than 10% on Friday, joining cryptocurrencies in a broad relief rally as investors cheered constructive remarks from officials about the industry’s regulation. Battered by developments in China and a volatile environment for risk appetite, digital currencies had a rough September. However, signals this week from U.S. regulators also appear to have given sentiment a boost, sending Bitcoin to its biggest intraday rally since July.  Other cryptocurrencies like… Source link

An advertisement for bitcoin and cryptocurrencies. Photo: Reuters Cryptocurrencies were broadly higher on Friday morning, ending a volatile week on a high note, as Venezuela’s government-backed digital currency kicks into gear and the US Federal Reserve chair said he has no intentions of banning crypto. Bitcoin (BTC-USD) was up roughly 3% to trade at $44,537 (£33,108) while Ethereum (ETH-USD) the world’s second largest crypto by market cap was up 2.3% to trade at $3,074. Venezuela had… Source link

The value of each of the two largest cryptocurrencies — bitcoin (BTC-USD) and ethereum (ETH-USD) — fell earlier this week amid an outright ban on cryptocurrency trading in China and indication of forthcoming regulations from the U.S. Securities Exchange Commission.  In general, ethereum prices tend to move in tandem with bitcoin. But the two coins are used for very different purposes that should be taken into account by investors, says Michael Sonnenshein, CEO of Grayscale Investments,… Source link

Cryptocurrency electronic cash bitcoin banner advertisement seen in Hong Kong. (SOPA Images/Sipa USA) Bitcoin tumbled on Friday afternoon as the People’s Bank of China said all cryptocurrency-related transactions are illegal. The central bank vowed to crack down on illegal activities of cryptocurrency trading and banned overseas exchanges from providing services to mainland investors. It also said it will stop all companies from facilitating cryptocurrency trading and will strengthen monitoring… Source link