Bitcoin price briefly crashed to $8,200 (not a typo) Wednesday on Binance.US, the American outpost of the world’s biggest crypto exchange.
Search Query: #bitcoin
It is the week of the Bitcoin ETFs and the third one to go live would be the crypto-native Bitcoin Futures ETF Valkyrie that would be listed on the NASDAQ under the ticker BTF.
Bitcoin price has reached yet another all-time high on Wednesday, breaking its intraday peak set six months ago. The value of all bitcoins in circulation is also breaking the record, reaching above $1.24 trillion and continuing to climb.
The plan is to acquire a substantial stake of Bitcoin through NYDIG’s brokerage services.
Crypto asset manager Jacobi Asset Management has received a regulatory go-ahead for an exchange-traded fund that seeks to track the price of Bitcoin (BTC) while satisfying the laws in the UK.
The US has finally managed to overtake China in terms of bitcoin mining as the crackdown on the crypto industry in China continues to cause ripples around the globe and we are beginning to see the after-effects of the same.
“Its modern user experience and API-enabled platform make Bakkt an attractive solution for financial institutions seeking an intuitive, tightly-integrated, low risk solution to offer crypto services.”
“The SEC’s acknowledgment that existing frameworks can already be used to provide investors with regulated products to access the cryptocurrency growth story is a watershed moment that will open the door to further innovation in the space”, said Alpay Soytürk, Chief Regulatory Officer at Spectrum Markets.
US-listed bitcoin mining firm Marathon Digital said it has entered into a loan financing arrangement in the amount of $100 million with Silvergate Bank, a crypto-friendly lender that counts major crypto exchanges like Coinbase and Kraken as clients.
Evolve ETFs, one of the largest ETF companies in Canada, has announced the launch of its first ETF that combines investment into both Bitcoin and Ethereum as well.
Strike, one of the leading digital asset wallets built on the Bitcoin Lightning Network has announced the launch of its Strike API platform to serve various marketplaces and merchant businesses.
Peer Energy estimates that although a Bitcoin transaction costs the user only USD 7, the carbon cost is USD 45. A Bitcoin block that may generate USD 200,000 in mining reward at current prices also entails a shocking USD 166,000 energy cost.
Revolut, the company that is looking to build a financial super app, has used bitcoin to pay for its largest office space in Dallas, Texas to the flexible workspace provider WeWork.
The new futures contract has gone live, trades in Euros, and is physically delivered in BTCE, which is 100% backed by bitcoin.
Bitcoin price plunged 17 percent to near $42,000 at one point on Tuesday, triggering a major sell-off in the cryptocurrency markets that followed a massive bull run earlier this week. The cryptocurrency hasn’t traded at those levels since early August.
New York-based crypto-fund manager, Grayscale today revealed Assets Under Management (AUM) for its cryptocurrency-related products is now $46.8 billion. The Grayscale family of products attracted nearly $5.5 billion over the last three weeks.
Virginia-based business intelligence firm, MicroStrategy has added another 3,907 bitcoins to its strategic reserves, underscoring CEO Michael Saylor’s growing conviction in the primary cryptocurrency.
Eurex, the European derivatives exchange owned by financial titan Deutsche Börse Group, plans to launch trading on bitcoin exchange-traded note (ETN) futures, effective September 13.
The mixer moved over 350,000 bitcoin, which was valued at over $300 million at the time of the transactions but is now worth nearly $16 billion.