Bitcoin
21Mar

ETC Group, CoinShares, WisdomTree set to list crypto ETPs on London Stock Exchange

London braces for an influx of crypto exchange-traded products, sparking enthusiasm among large crypto ETF providers. As London prepares to embrace a new era of crypto exchange-traded products (ETPs), financial giants like CoinShares, WisdomTree, and ETC Group, are eagerly eyeing opportunities to list their offerings on the London Stock Exchange (LSE), the Financial Times has learned. The relaxation of regulations...

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21Mar

Jury convicts IcomTech promoters in crypto ponzi scheme, faces 20 years

A New York District Court jury convicted two men associated with IcomTech, a company that presented itself as specializing in cryptocurrency mining and trading, of wire fraud conspiracy. The individuals, David Brend and Gustavo Rodriguez, now potentially face up to 20 years in prison for their involvement in what was revealed to be a “Ponzi” scheme. In a verdict delivered on...

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21Mar

Binance CEO sees Bitcoin soaring above $80k as demand continues to come

Binance CEO Richard Teng predicts Bitcoin’s value will surpass the $80,000 mark amid increasing investments in crypto-backed exchange-traded funds. Binance CEO Richard Teng foresees Bitcoin’s price surpassing the $80,000 mark amid a surge in investments in crypto-backed exchange-traded funds (ETFs), Bloomberg reports. Teng, who became Binance CEO following the departure of the exchange’s founder Changpeng Zhao in November 2023, emphasized the...

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21Mar

Reddit IPO oversubscribed 5x, targets $6.5b valuation: report

Reddit appears set to reach a $6.5 billion valuation with its initial public offering (IPO), according to Reuters. The San Francisco-based social media company’s IPO is currently between four and five times oversubscribed, the report continued, citing unnamed sources. This figure marks a decrease from the $10 billion valuation achieved in its last fundraising round in August...

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21Mar

El Salvador moves $386m worth of Bitcoin into cold storage

El Salvador has shifted a significant portion of its Bitcoin (BTC) assets into a secure cold wallet, as announced by President Nayib Bukele. The Central American nation, under newly re-elected President Nayib Bukele’s guidance, revealed its considerable Bitcoin holdings, totaling 5,689.68 BTC, currently valued at over $386 million. This relocation into an offline vault within the nation’s borders...

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21Mar

Marathon Digital CEO predicts $43k Bitcoin break-even post-halving

Marathon Digital Holdings CEO Fred Thiel predicts that the break-even point for Bitcoin mining will climb to about $43,000 following the upcoming halving event. This significant increase from the current industry average of $23,000 underscores the potential impact on miners’ profitability. Thiel shared these insights during a Bloomberg Television interview, highlighting the challenges and adjustments miners will face. Marathon...

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21Mar

JPMorgan: Bitcoin outpaces gold in investor portfolios

In a recent analysis by JPMorgan, Bitcoin has surpassed gold in terms of investor portfolio allocation when adjusted for volatility. Nikolaos Panigirtzoglou, a managing director at JPMorgan, stated that Bitcoin’s (BTC) allocation is 3.7 times greater than that of gold, attributing this shift to the significant inflows into spot Bitcoin ETFs. Since the approval of these ETFs in...

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21Mar

CryptoQuant: US government holds 210k Bitcoins with $14.4b unrealized profit

The U.S. government’s holdings of 210,392 BTC worth $14.4 billion make the country one of the largest holders of the coin. The head of CryptoQuant, Ki Young Ju, noted that the U.S. Department of Justice, the Internal Revenue Service, and other departments have not sold a single Bitcoin (BTC) since July 2023. The government’s unrealized profits...

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21Mar

QCP Capital: Bitcoin, Ether drop puts crypto market on alert

According to one options agency, declines in Bitcoin, Ethereum, and the total crypto market cap sparked short-term skepticism among traders. QCP Capital released a March 15 update pointing to volatility concerns in cryptocurrency markets as Bitcoin (BTC), the leading token, dropped below $66,000 for the first time in nearly two weeks. BTC was down over 5% in...

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06Mar

SEC ‘Crypto Mum’ Hester Peirce: No regulatory clarity allows fraud to thrive

U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce is stressing the need for regulatory clarity and innovation, making it clear that such elements cultivate a conducive environment for the development of crypto. Peirce’s roadmap In a recent discussion with CNBC, Pierce criticized the U.S.’s inadequate regulation of Bitcoin (BTC) and other cryptocurrencies, pointing out that this failure has...

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