Category: Bitcoin

Financial giant Fidelity just hit a new milestone, attracting more than $100 million to its fund for the world’s leading cryptocurrency. Since opening in August of 2020, the Wise Origin Bitcoin Index Fund has pooled exactly $102,350,437, according to a recent filing with the U.S. Securities and Exchange Commission (SEC). The report also shows that

Bitcoin may not mean an end to traditional currency and banking, according to Peter Van Valkenburgh, research director at Coin Center.  “I think there’s folks in the Bitcoin community who probably make too many noises about how Bitcoin is going to dominate all economic systems and nobody will be using dollars anymore, and nobody will

Mid-May’s price plunge was one of crypto’s wildest pullbacks in recent years, a tumble that eliminated nearly $1 trillion from crypto’s market value.  The industry had soared to new heights a month earlier, with Bitcoin (BTC) reaching almost $64,000, driven in good part by institutional investors. Now that some calm has returned to the market,

Unloading Bitcoin (BTC) spot positions when it starts crashing violently upon forming its all-time highs is a bad investment call, at least according to its historical price action. The flagship cryptocurrency’s eleven-year lifetime has seen it undergoing many bullish and bearish cycles. The BTC/USD exchange rate typically rises parabolically. It later trims more than half

Cryptocurrency businesses in the United Kingdom have been struggling to meet Anti-Money Laundering standards set by the Financial Conduct Authority, according to a senior official. John Glen, a member of U.K. Parliament and the economic secretary to the Treasury, pointed out major difficulties in the process of registering crypto firms under the FCA’s AML regulations

A seriously wealthy crypto wallet just moved $878 billion in Bitcoin in a single transaction. According to Blockchain.com, a little over 23,022 BTC was sent in a transfer worth $877,598,640. The transaction fee was just 0.00109424 BTC, or about $42.00. At the time of the transaction, Bitcoin was trading at $38,120. Source: Blockchain.com The recipients

While Bitcoin (BTC) increasingly falls under the scrutiny of regulators worldwide, Ark Investment founder and CEO Cathie Wood is confident that regulators will be unable to shut down the world’s largest cryptocurrency. Wood said that Bitcoin is “already on its way and it’ll be impossible to shut it down,” Bloomberg reported on Thursday. Global regulators “will be a

Bitcoin’s (BTC) quick run-up above $40,000 during the early New York trading session Thursday lost momentum midway as traders decided to secure short-term profits. The benchmark cryptocurrency shed up to 12.08% after topping out at $40,440 on Coinbase. It reached an intraday low of $36,410 ahead of the London opening bell on Friday, showcasing upside

At a 279th meeting of the Monetary Policy Committee in Abuja, Central Bank of Nigeria Governor Godwin Emefiele expressed confidence that cryptocurrencies like Bitcoin (BTC) will be legal in the country, Business Insider reports Wednesday. Emefiele did not directly mention a decision to reverse the CBN’s February ban of institutions from buying and selling crypto,

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. China regulations, FACT or FUD? Normally, this weekly column takes a broad look at all the developments, news, and even gossip from within