$1.6 billion: recent Bitcoin volatility liquidates billions, sends open interest reeling It’s no secret that 2020 has been a crazy year for the crypto markets, with Bitcoin incurring an intense and unwavering uptrend throughout January and February, before erasing all of these gains and nearing its 2018 lows in a sharp movement seen on March…
The Bitcoin Fund, the Middle East’s first listed digital asset-based fund has received approval from the Dubai Financial Services Authority (DFSA) for its At-the-Market program on Nasdaq Dubai. Rising investor demand from the Middle East In line with the approval of the offering, The Bitcoin Fund is now in a position to list up to…
Jack Dorsey recently tweeted his concerns about hyperinflation, saying it’s happening now. Although crypto is a relatively new technology, some tout it, particularly Bitcoin, as a solution to a variety of economic woes, hyperinflation included. Hyperinflation is going to change everything. It’s happening. — jack⚡️ (@jack) October 23, 2021 But is there any substance behind…
“Rocket fuel”: Why this prominent investor is still eyeing a $100,000 Bitcoin price With global markets crashing and the broader economy on the verge of another great recession, it’s hard to visualize Bitcoin rallying, especially since it collapsed by 50 percent in a single 24-hour period in mid-March. 2 min read →
Bitcoin development firm Blockstream and the infamous Reddit community WallStreetBets have teamed up to build a new DeFi product that facilitates securities trading on the Bitcoin network, announced WSB founder Jaime Rogozinski in an event yesterday. The day WallStreetBets turned to Bitcoin The WallStreetBets decentralized application (WSBDApp) would launch the novel DeFi products onto the…
64% of Bitcoin holders worry about a 51% Attack — here’s why you shouldn’t worry Could an attack on Bitcoin be imminent? 65 percent of Bitcoin owners are convinced that a 51% Attack is a legitimate concern for the Bitcoin community and its investors, according to our new report on the “State of Crypto Mining.”…
US bank JPMorgan says the launch of the ProShares Bitcoin futures ETF is unlikely to trigger a rise in the prices of Bitcoin. They instead stated inflation as a key reason that may have helped propel Bitcoin prices to soar to new all-time highs. Strategists also claim that the current price shift in Bitcoin was…
Yesterday a surprising event occurred on Binance US as the price of Bitcoin briefly crashed to less than $10,000. Bitcoin flash crashes across exchanges While this anomaly was quickly corrected, it had a far-reaching effect on other exchanges as Kraken also saw the value of BTC drop to around $54,000, Coinbase saw the price drop…
On the heels of ProShares historic trading of the first Bitcoin futures exchange-traded fund (ETF) on the New York Stock Exchange (NYSE) yesterday, available information has shown that VanEck has also gotten approval from the Securities and Exchange Commission (SEC). VanEck Bitcoin ETF to begin trading next week According to a filing made by the…
US retail giant Walmart will allow customers to purchase Bitcoin (BTC) via ATM kiosk at over 200 of its locations, thanks to a pilot project with crypto ATM provider Coinstar. The firm has earlier expressed its interest in the burgeoning crypto space and looks to include digital currencies as part of its everyday operations. An…