Bitcoin Bloodbath: Prices Plunge Amid Stock Market Chaos and Crypto Panic
Hold onto your crypto wallets, folks, because Bitcoin is on a wild ride downhill! In a dramatic turn of events, Bitcoin’s value has taken a nosedive, marking its most significant decline in…
Bitcoin Fog Operator Convicted of Money Laundering Conspiracy
A federal jury in Washington, D.C., convicted a dual Russian-Swedish national today for his operation of the longest-running bitcoin money laundering service on the darknet. “Roman Sterlingov thought he could use the…
Russian National Convicted in Historic Bitcoin Money Laundering Case
WASHINGTON, D.C. – Roman Sterlingov, a 35-year-old dual Russian-Swedish citizen, has been found guilty by a federal jury for his role in operating Bitcoin Fog, a notorious darknet bitcoin laundering service. Deputy…
Bitcoin hits $50k level for first time in more than two years
By Hannah Lang and Elizabeth Howcroft WASHINGTON/LONDON (Reuters) -Bitcoin hit the $50,000 level for the first time in more than two years as the world’s largest cryptocurrency was buoyed by expectations of…
Analysis-US bitcoin ETFs raise questions over broader financial system risks
By Elizabeth Howcroft and Hannah Lang LONDON/WASHINGTON (Reuters) – The launch of U.S. exchange-traded funds (ETFs) tracking bitcoin deepens ties between the volatile world of cryptocurrencies and the traditional financial system, potentially…
FTX sold about $1 billion of Grayscale’s bitcoin ETF since its approval – CoinDesk
(Reuters) – FTX has sold 22 million shares worth close to $1 billion in Grayscale Bitcoin Trust (GBTC) since it was converted into an exchange-traded fund (ETF) earlier this month, taking FTX’s…
BlackRock’s spot bitcoin ETF first to hit $1 billion in assets
(Reuters) – BlackRock’s spot bitcoin exchange-traded fund (ETF) hit $1 billion in assets in the first four days of trading, the first to clinch the milestone among a batch of newly launched…
Inflows to spot bitcoin ETFs drop on second day of trading
(Reuters) – Fund inflows to exchange traded funds (ETFs) tied to the spot price of bitcoin dropped to about $200 million on the second day of trading after attracting $629 million on…
Bitcoin miner Core Scientific gets court approval for restructuring
By Dietrich Knauth NEW YORK (Reuters) – A U.S. bankruptcy judge on Tuesday approved Core Scientific’s Chapter 11 restructuring, allowing the bitcoin mining company to cut $400 million in debt and emerge…
SkyBridge’s Scaramucci sees bitcoin over $170,000 by 2025 on halving, spot ETFs
By Divya Chowdhury and Lisa Pauline Mattackal DAVOS, Switzerland (Reuters) – Bitcoin’s price could breach $170,000 next year, driven by demand for newly listed exchange traded-funds and April’s halving event, hedge fund…
CoinShares to acquire Valkyrie Funds after US spot bitcoin ETF approval
By Lisa Pauline Mattackal (Reuters) – CoinShares International said on Friday it has exercised an option to acquire Valkyrie Funds, expanding the European digital asset firm’s U.S. offerings, after Valkyrie’s spot bitcoin…
South Korean regulator warns brokering US bitcoin ETFs locally may be illegal
(Reuters) – South Korea’s financial regulator on Friday said brokering U.S. spot bitcoin exchange-traded funds (ETFs) may be illegal in local markets, in an official response to the U.S. Securities and Exchange…
Grayscale to file for bitcoin covered call ETF – CEO
By Hannah Lang (Reuters) – Cryptocurrency asset manager Grayscale Investments plans to file for a covered call exchange-traded fund in an effort to allow investors to generate income from options on its…
Marketmind: Inflation tests market thesis, bitcoin gets ETF nod
A look at the day ahead in U.S. and global markets from Mike Dolan If the aggressive interest rate easing markets have priced for 2024 is to ring true – against what…
US congressional panel seeks briefing from SEC on fake post on bitcoin ETFs
By Kanishka Singh WASHINGTON (Reuters) – The Republican-led U.S. House of Representatives Financial Services Committee on Wednesday sent a letter to the Securities and Exchange Commission, seeking a briefing on a fake…
The decade-long journey to a US spot bitcoin ETF
By Suzanne McGee and Hannah Lang (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Wednesday approved the first U.S. exchange-traded fund (ETF) that tracks the price of bitcoin, in a…
BlackRock, Ark lower fee for planned spot bitcoin ETFs
(Reuters) -BlackRock and Ark Investment Management on Wednesday lowered the fees for their proposed spot bitcoin exchange traded funds (ETFs), looking to undercut almost a dozen other competitors racing to launch such…
Marketmind: Japan shines as Wall St eyes CPI, bitcoin swings
A look at the day ahead in U.S. and global markets from Mike Dolan Roaring Japanese stocks at 21st century highs shone in an otherwise subdued day for world markets, with Wall…
Bitcoin rises 6.8% to $46,943
(Reuters) – Bitcoin rose 6.8% to $46,943 at 21:11 GMT on Monday, adding $2,999 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 13.2% from the year’s low…
U.S. spot bitcoin ETFs could win approval next week after last-minute application updates
By Suzanne McGee and Hannah Lang (Reuters) – Investment management firms, stock exchanges and the U.S. Securities and Exchange Commission on Friday discussed final wording changes on filings for spot bitcoin ETFs,…
Bitcoin falls 5.1% to $42,689
(Reuters) – Bitcoin fell 5.07% to $42,689 at 23:03 GMT on Wednesday, losing $2,281 from its previous close. The world’s biggest and best-known cryptocurrency is down 7% from the year’s high of…
Goldman in talks with BlackRock, Grayscale to be part of spot bitcoin ETFs – CoinDesk
(Reuters) -Goldman Sachs is in talks to be an authorized participant for the spot bitcoin exchange-traded funds that BlackRock and Grayscale are looking to launch, CoinDesk reported on Wednesday, citing people familiar…
BlackRock updates spot bitcoin ETF proposal to allow cash redemptions
(Reuters) – BlackRock has updated its proposed filing for a spot bitcoin exchange-traded fund (ETF) to allow cash redemptions, in a move which could help it secure an approval from the U.S.…
Crypto market eyes interest rates and expected bitcoin ETFs in 2024
By Hannah Lang (Reuters) – After ending 2023 on a high, crypto investors will be watching central bank interest rates and a U.S. regulatory decision on new bitcoin products as they decide…
Crypto stocks set to start December on high note as bitcoin hits near 19-month high
(Reuters) -Shares of crypto miners and bitcoin-tracking companies rose on Friday as the world’s largest cryptocurrency extended a recent rally to touch a near 19-month high on improving risk appetite. Bitcoin, up…
Analysis-In spot bitcoin ETF race, some pioneers stick to the sidelines
By Suzanne McGee (Reuters) – Despite growing excitement that spot bitcoin exchange-traded funds (ETFs) will soon win regulatory approval, some cryptocurrency ETF pioneers plan to sit out what is expected to be…
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