With spot Ethereum ETFs on the horizon in the United States, should existing Bitcoin ETF holders split their crypto holdings into ETH? In a Twitter thread on Thursday, Bitwise CIO Matt Hougan offered three reasons for why this might be a good idea. Why Bitcoin Holders Should Buy Ethereum The first, Hougan wrote, is for […]
American investment management firm VanEck is set to launch the first spot Bitcoin exchange-traded fund (ETF) on Australia’s securities trading platform this week. According to an official announcement from the asset management company, the spot Bitcoin ETF will go live on the Australian Securities Exchange (ASX) on Thursday, June 20. VanEck Unveils Australian Bitcoin ETF […]
Blockchain intelligence firm TRM Labs has revealed that cryptocurrency deposits into crypto addresses linked to Chinese drug precursor manufacturers more than doubled in the first four months of 2024 compared to the same period in 2023. In 2023, Chinese precursor networks received over $26 million in cryptocurrency, with 97% of the over 120 manufacturers studied […]
TL;DR Donald Trump promises to support Bitcoin and crypto mining if elected, which could result in surging BTC prices (according to ChatGPT). Broader economic conditions, such as inflation and Federal Reserve policies, might also significantly influence the asset’s future valuation. What Are BTC’s Chances? The US presidential elections, scheduled for November this year, are supposed […]
Metaplanet, a Japanese company, announced on June 11 a purchase of 23.351 BTC worth about $1.59 million, elevating its BTC holdings to 141.07, worth $9.6 million. This pro-bitcoin move by Metaplanet triggered a remarkable 10.8% price surge in its publicly traded shares. Metaplanet Buys 23.351 BTC The Tokyo-based company, which has earned the nickname Asia’s […]
Australian investment management firm Monochrome Asset Management will launch a first-of-its-kind spot Bitcoin exchange-traded fund (ETF) in the country on Tuesday, May 4, 2024. According to an announcement, the Monochrome Bitcoin ETF (IBTC) will be the first fund to hold BTC directly in Australia. Appropriate measures have been put in place to list the ETF […]
Social Capital CEO Chamath Palihapitiya recently predicted that Bitcoin will reach $500,000 per coin by the end of this year, based on he trajectory of previous halving cycles. The billionaire venture capitalist’s prediction blows past those of bank analysts at firms like Standard Chartered and Bernstein, who believe the halving will be a significant but […]
In a high-profile case involving a massive cryptocurrency fraud, a British-Chinese woman, Jian Wen, has been sentenced to six years and eight months in prison for her role in laundering Bitcoin proceeds from a $6 billion investment scam in China. Wen, aged 42, was found guilty in March of laundering Bitcoin on behalf of her […]
Bitcoin development company MicroStrategy has found another copycat willing to mimic its investment strategy of going all-in on BTC. Semler Scientific (SMLR), a little-known medical company trading on the NASDAQ, announced on Tuesday that it had adopted Bitcoin as its “primary treasury reserve asset” that will henceforth be bought using the company’s excess cash. Semler […]
By examining the processing speed of the largest blockchain networks in terms of total value locked on DeFiLlama, CoinGecko outlined the fastest based on the actual and realized transactions-per-speed (TPS) metric. The report concluded that Solana leads the way, followed by Sui and the Binance Smart Chain. Interestingly, Ethereum and Bitcoin are not even in […]