Author name: Peter

Introduction In November 2023, six AI-driven chatbots were queried to forecast the value of bitcoin by year-end. Their projections ranged from $15,000 to $45,000 per bitcoin. However, as of the initial week of January 2024, bitcoin's trading value reached $47,000, coinciding with the approval of 11 spot bitcoin exchange-traded funds (ETFs) in the U.S. With […]

Introduction Coinshares International Limited, a digital asset management firm based in Saint Helier, announced on Friday that it has acquired Valkyrie Funds LLC, a US-based digital asset manager. The acquisition was primarily driven by Valkyrie's recent approval for a spot bitcoin exchange-traded fund (ETF). Expansion in the US Market Coinshares revealed on January 12, 2024,

U.S. Senator Elizabeth Warren has expressed her disapproval of the U.S. Securities and Exchange Commission's (SEC) decision to approve spot bitcoin exchange-traded funds (ETFs). She believes that the SEC is mistaken both legally and in terms of policy regarding this matter. Senator Elizabeth Warren's Concerns Senator Elizabeth Warren, who has been a vocal skeptic of

Introduction Last week, the U.S. Securities and Exchange Commission (SEC) approved the launch of 11 different spot bitcoin exchange-traded funds (ETFs). These ETFs experienced a significant trading volume of $7.65 billion in their first two days on the market. While many of these new entrants saw strong inflows, Grayscale's GBTC witnessed notable outflows. This coincided

Bitcoin ETFs Trade Well, But Crypto Stocks Suffer Losses While spot bitcoin exchange-traded funds (ETFs) saw significant trading activity on Thursday and Friday, publicly-listed crypto companies experienced a different outcome. Several equities faced notable losses at the close of the market on Friday. For example, Marathon Digital Holdings saw its shares drop by over 15%,

BlackRock is set to introduce its spot Bitcoin exchange-traded fund (ETF) in Brazil tomorrow, as reported by InfoMoney, the largest financial market news platform in the country. This launch comes after BlackRock's announcement that the Brazilian Depositary Receipts (BDRs) of its iShares Bitcoin Trust ETF (IBIT39) will commence trading on B3, Brazil's stock exchange, on

Self-Directed Gold IRAs are a fantastic option to invest in gold without dealing with the hassles of purchasing physical bullion. This type of account allows investors to buy gold straight from the federal government and store it in their name. Although many prefer to hold the physical form of gold, it is not possible for

Overview In the past week, the non-fungible token (NFT) market recorded sales amounting to $311.31 million, with a minimal increase of 0.05% compared to the previous week. Notably, Bitcoin NFT sales have consistently outperformed other blockchain networks since November 2023. However, there has been a decline of 19.12% in NFT sales on the Bitcoin blockchain

Recent statistical data reveals that Binance and Coinbase, two major players in the cryptocurrency exchange market, together hold a significant 11.85% share of the $1.68 trillion digital currency economy. Moreover, these renowned trading platforms have control over 7.83% of the total bitcoin supply, underscoring their influential position in the market. Binance and Coinbase's Market Dominance

Renowned whistleblower Edward Snowden has made a bold prediction regarding Bitcoin, suggesting that a national government will enter the Bitcoin market in 2024 by acquiring BTC. Snowden's Prediction Snowden stated, "Prediction: A national government will be revealed this year to have been buying Bitcoin—the modern replacement for monetary gold—without having disclosed that fact publicly." Increasing