Bitcoin (BTC)

Bitcoin-based ETF may see the light of the day under the new Biden’s administration with Elad Roisman who will be the head of the SEC.New York-based investment management firm VanEck has filed for Digital Asset ETF with the United States Securities and Exchange Commission (SEC) to enable it to track crypto-based companies’ performance. Filed on January 21, the new fund will be used to track the market performance for the Global Digital Asset Equity Index that is run by its subsidiary MV Index...

NexTech AR Solutions, a Vancouver, Canada-headquartered developer of VR and AR solutions, has booked a $200,000 profit after selling over 130 bitcoins. The firm justified its decision with the double-spending that allegedly occurred on the BTC network yesterday.According to a press release published by the company, NexTech has sold all of its BTC holdings, amounting to 130.187 bitcoins. With today’s prices, this amount is worth north of $4,2 million.The sale has come less than a month after...

Bitcoin is listed on many crypto exchange sites and has been paired with a wide variety of leading world currencies, with two of them being the US dollar and the euro. With its escalating significance, the US Treasury would eventually acknowledge Bitcoin by announcing that bitcoin-related transactions and investments are not illegal.In the beginning, the appeal of Bitcoin was mostly credited to the fact that it was unregulated and is useful for evading tax obligations. Its universality and...

Technology is evolving at an impressive pace. It can be a challenge even for those who are actively involved in the digital process and interpret news about developments and novelties.In the world of technology, one of the most viral trends are cryptocurrencies and the blockchain method. The first blockchain-based cryptocurrency was a well-known Bitcoin. The development of the Bitcoin digital payment system is named after Satoshi Nakamoto. The name actually covers an unnamed programmer (or...

Michael Saylor’s Bitcoin bet appears to be far from over as his company MicroStrategy has acquired even more BTC despite the crypto price experiencing a significant retrace over the last couple of days.MicroStrategy has added more Bitcoin to its balance sheet according to an announcement issued on Friday (Jan. 22, 2021).MicroStrategy has purchased approximately 314 bitcoins for $10.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $31,808...

The CBDC settlement project aims to develop a number of solutions bordering on the workability of CBDCs under cross-border scenarios.The Bank for International Settlements (BIS) is advancing its Central Bank Digital Currency (CBDC) drive by including the development of a CBDC Settlement platform as a Proof-of-Concept (PoC) in collaboration with its partner Central Banks. According to a Press Release by BIS, the CBDC settlement development program is part of the bank’s annual work program...

Bitcoin suffered a severe 15% decline in the past 24 hours, which saw the cryptocurrency dropping by $7,000 to reach below $29K. In doing so, it fell beneath the previous symmetrical triangle we were tracking and landed at the lower border of a long-termed bearish triangle.More specifically, Bitcoin managed to find support at the $30,760 support we highlighted yesterday, provided by a short term .786 Fib Retracement level. However, BTC did spike beneath this, reaching as low as $28,800 today,...

After several unsuccessful attempts to receive approval for a Bitcoin ETF, the US investment manager VanEck decided to try its hand with an exchange-traded fund that follows crypto companies.The firm has filed a document with the US Securities and Exchange Commission to release a Digital Asset ETF to track the price and performance of the Global Digital Asset Equity Index.VanEck Goes For A Crypto Companies’ ETFFounded over six decades ago, VanEck is a New York-headquartered investment manager...

Giant state-owned Russian bank Sberbank has reportedly sought approval from the nation’s central bank to launch its own cryptocurrency through a blockchain platform.Separately, a Russian court has removed the leading crypto exchange Binance from a regulator’s blacklist.Sberbank Looks Into Launching Its Own Crypto?According to the local coverage, Sberbank of Russia, one of the largest banks in the world’s largest country by landmass, has applied with the central bank to register a blockchain...

[Featured Content]Cryptocurrency trading seems to many as a very opportunistic endeavor that could net a ton of profits. After all, in just a few months, the prices for most coins have skyrocketed as the total market capitalization surpassed $1 trillion for the first time in history. And while all this might be true on the surface, in reality, it’s particularly challenging because the prices are very volatile.For example, just about a week ago, Bitcoin lost $12,000 of its dollar-value in less...