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Cryptocurrency News

Location American Cryptocurrency News for 10 January 2024
UAE-Based Phoenix Group Bolsters Mining Capabilities With $187M Bitmain Deal Amidst Global ASIC Race Phoenix Group, a bitcoin mining and blockchain infrastructure company, recently disclosed its acquisition of $187 million in application-specific integrated circuit (ASIC) bitcoin mining rigs. The purchase was made from ...
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Bitcoin ETF Chaos Memorialized on Blockchain, With Nod to 'Chancellors on the Brink' Reference Jokester pays $2.97 to record the one-liner "SEC Chairman on the brink of second ETF approval" on the blockchain.
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Standard Chartered: BTC Could Hit $200K in 2025 With Spot Bitcoin ETF Approval Standard Chartered has predicted that the price of bitcoin could rise to $200,000 next year with the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The bank’...
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South Korean Ex-Police Officer Denies Crypto 'Bribery' Charges Source: vectorfusionart/Adobe The trial of a former South Korean police officer has begun in Gwangju. The ex-law enforcer denies taking bribes during a suspected crypto fraud investigation. Per the news broadcaster YTN, ...
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Bitcoin ETFs Approved: The Industry Reacts

Coin Desk - 11 Jan 2024 01:55
Bitcoin ETFs Approved: The Industry Reacts In a milestone for crypto adoption, the SEC today approved the trading of Bitcoin exchange-traded funds (ETFs). CoinDesk rounded up reaction from across the crypto industry to the news.
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ETF Euphoria Shows Bitcoin Needs Wall Street After All Is an ETF at odds with Bitcoin's goal of breaking away from Wall Street? Absolutely. Is that same ETF also necessary for crypto to grow? Also yes.
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Bitcoin ETF Listings Will Be Quick but Money Flows Could Take Months: 21Shares Co-Founder Ophelia Snyder says it is impossible to conceptualize the changes in bitcoin trading volumes likely through ETF inflows.
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Why Are Bitcoin ETFs Such a Big Deal? Gold Provides a $100 Billion Answer Over $100 billion is now stashed in gold ETFs that trade in the U.S., the world's largest capital market. Will bitcoin ETFs grow to this size?
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Bitcoin Tops $47K, Ether and Grayscale's GBTC Jump After SEC Approves Spot Bitcoin ETFs After the spot bitcoin ETF approval, all attention turns to how much demand these investment vehicles will attract.
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Mass Approvals: SEC Green-Lights 11 Spot Bitcoin ETFs The U.S. Securities and Exchange Commission (SEC) has approved 11 spot bitcoin exchange-traded funds (ETFs) for listing and trading on U.S. stock exchanges. In a historic move after years of anticipation and regulatory h...
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Bitcoin ETF Approval Frenzy Begins As SEC Approves First Spot Bitcoin Funds - BTC Indifferent So Far As ETH Rises The SEC’s green light of spot Bitcoin ETFs opens the floodgates for issuers, but Bitcoin price has so far stayed flat, defying expectations. Image by DREAM DIVE , Adobe Stock. The SEC has finally approved the first spo...
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Bitcoin Price Prediction as ETF Deadline Ends Today - $100,000 BTC Incoming? In a dramatic turn of events, Bitcoin, the most prominent cryptocurrency, recently witnessed a surge to nearly $48,000. This unexpected rise was triggered by a misleading tweet from the U.S. Securities and Exchange Commi...
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Phoenix Invests $187 Million in Bitmain BTC-Mining Machines Acquisition Source: AdobeStock/artiemedvedev Blockchain mining firm Phoenix Group PLC has successfully acquired mining equipment valued at $187 million from Bitmain Development PTI Limited. In an announcement made on January 9, Phoe...
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Cboe Says Bitcoin ETFs to Start Trading Thursday, Though the SEC Hasn't Approved Them Yet The exchange's website listed six bitcoin ETF applicants to start trading tomorrow.
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Veteran Trader Peter Brandt Labels Bitcoin ETF a 'Classic Buy the Rumor, Sell the News Event' According to the veteran trader Peter Brandt, the current bitcoin exchange-traded funds (ETF) hype which has seen the “average guy on the street” clamoring to get in may be a signal to experienced traders that it is ...
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Bitcoin ETF Confusion Abounds

Coin Desk - 10 Jan 2024 23:30
Bitcoin ETF Confusion Abounds The crypto industry can breathe a sigh of relief: It looks like a federal U.S. regulator will let the world's largest traditional finance asset managers and other firms list and trade shares of a vehicle giving retail an...
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The Protocol: Beneath Bitcoin ETF Chaos, A Blockchain Drama In this week's issue, we dive into the proposal that would have curtailed Ordinals inscriptions "NFTs on Bitcoin" traffic - were it not abruptly ended over the past week by a maintainer for the popular Bitcoin Core softw...
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Fake Bitcoin ETF Approval Tweet Gives Sneak Peek, ETH Price May Spike Before Ethereum ETF Approval Update: Bitcoin ETF Approval Frenzy Begins As SEC Finally Approves First Spot Bitcoin Funds, Bitcoin Indifferent So Far Yesterday’s fake SEC tweet highlighted the potential impact of future Bitcoin ETF approvals on Eth...
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Crypto Whales are Stacking This Under-the-Radar Bitcoin ETF Coin - What Does it Do? Bitcoin ETF Token is offering traders early speculative exposure to a potential Bitcoin exchange-traded fund approval still looming as an uncertainty. Image by Michael, Adobe Stock. On Tuesday, the Securities and Exchang...
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Shiba Inu Price Prediction as Whale Activity Jumps 1,300% - Huge Pump Incoming? Shiba Inu / Source: DallE 3 The Shiba Inu (SHIB) price is ebbing back from a recent failed retest of the $0.000010 level, despite a recent 1,300% jump in whale activity on the blockchain. Shiba Inu was last trading close...
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Bitcoin Transaction Fees See Sharp Decline Since December Peak, Network Congestion Persists On Jan. 10, 2024, the fee for high-priority transactions is set at 42 satoshis per virtual byte (sats/vB), amounting to $2.66 per transaction. The average transaction fee stands at 98.9 sats/vB, equivalent to $11.17 per ...
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Its Courtesy: Unsplash It’s "all systems go" as the crypto community waits for SEC approval of a spot bitcoin ETF, according to senior ETF analyst, Eric Balchunas. "Happy ETF Approval Day to all those who celebrate," ETF a...
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