Bitcoin
12Jan

JPMorgan CEO criticizes BTC despite backing BlackRock Bitcoin ETF

JPMorgan Chase CEO Jamie Dimon reiterated his longstanding skepticism about BTC despite his company’s role in the BlackRock Bitcoin ETF. Despite the cryptocurrency’s status as the most valuable in terms of market capitalization, Dimon remained unswayed, questioning its intrinsic worth. Under Dimon’s leadership, JPMorgan Chase has been identified as an authorized participant for BlackRock’s newly approved spot Bitcoin ETF, the iShares...

By Bitcoin, Crypto, World0 CommentsRead more...
12Jan

Bitwise to donate 10% of Bitcoin ETF profits to support open-source development

Crypto index fund manager Bitwise pledges to allocate 10% of profits from the Bitwise Bitcoin ETF to support Bitcoin open-source development. In an X thread on Jan. 11, Bitwise says it will send the proceeds of its Bitcoin spot ETF to three crypto organizations: Brink, OpenSats, and Human Rights Foundation. Bitwise says that with the donations it wants to “express gratitude...

By Bitcoin, Crypto, World0 CommentsRead more...
12Jan

European Central Bank allocates over $700m to propel offline digital euro development

The European Central Bank (ECB) is allocating over $700 million from its $1.3 billion contract budget for contractors to develop offline payment capabilities for a retail digital euro. In its search for providers offering various services such as risk management, information security, and user application, the ECB disclosed its intention to assign up to 1.2 billion euros ($1.3...

By Bitcoin, Crypto, World0 CommentsRead more...
12Jan

South Korea stands firm on crypto ETF ban, unswayed by U.S. approval

South Korea’s stance on cryptocurrency ETFs remains unchanged despite the U.S. giving the green light to a Bitcoin spot ETF. The South Korean government continues to disallow the launch of cryptocurrency ETFs, adhering to its long-standing policy of not recognizing digital currencies as financial assets. Since 2017, financial institutions in the country have been barred from...

By Bitcoin, Crypto, World, 0 CommentsRead more...
12Jan

Bitfinity allocates $7m to create Bitcoin sidechain on Internet Computer

Bitfinity Network has raised $7 million from Polychain Capital and ParaFi Capital to establish off-chain infrastructure for Bitcoin and Ordinals. In a press release shared with crypto.news, Bitfinity said the proceeds will help it develop a Bitcoin sidechain on the Internet Computer blockchain called the Bitfinity Ethereum Virtual Machine (EVM). With the new solutions, blockchain developers...

By Bitcoin, Crypto, World0 CommentsRead more...
12Jan

Coinbase’s Bitcoin OTC trading volume reaches second-highest level in history

According to a Jan. 11 report by CryptoQuant, an on-chain and market analytics tool, Coinbase’s Bitcoin OTC trading volume reached $7.7 billion today. On Jan. 10, an official SEC filing revealed that spot Bitcoin ETFs had received approval for listing on all registered national exchanges in the U.S., including the Nasdaq, NYSE, and CBOE. This approval...

By Bitcoin, Crypto, News, World0 CommentsRead more...
11Jan

Why a US bitcoin ETF is a gamechanger for crypto

The US Securities and Exchange Commission (SEC) on Wednesday (Jan 10) approved exchange-traded funds (ETFs) that track the price of bitcoin in a game-changer for the cryptocurrency industry which has been trying for more than a decade to launch such a product. Multiple asset managers have applied for bitcoin ETFs since 2013, but the SEC rejected them on...

By Bitcoin, Crypto, News, World0 CommentsRead more...
11Jan

Bitcoin holds firm after regulators approve ETFs

Bitcoin held steady on Thursday after regulators approved the first U.S.-listed exchange traded funds (ETFs) to track the world's largest cryptocurrency, seen as a landmark move that could broaden its appeal to investors. The Securities and Exchange Commission (SEC) said on Wednesday it approved 11 applications, including from BlackRock, Ark Investments/21Shares, Fidelity, Invesco and VanEck, with...

By Bitcoin, Crypto, News, World0 CommentsRead more...
10Jan

El Salvador Bitcoin gains reach $12.6m after two years of decline

El Salvador has observed a significant uptick in the value of its Bitcoin holdings. For the past two years. El Salvador’s investments remained below their initial purchase value. However, the country now sees an increase in value, with unrealized gains amounting to approximately $12.6 million, according to data provided by Nayibtracker. This positive development in El Salvador’s Bitcoin investment saga was acknowledged...

By Bitcoin, Crypto, World0 CommentsRead more...