BlackRock has agreed to exclude in-kind creations and redemptions from its ETF application. The Bitcoin price has responded positively to this news. Of the many companies that have been pegged to secure a Bitcoin ETF approval in the United States, BlackRock seems to be the one with the best chance. From individual investors to the crypto market as a whole, everyone seems convinced that BlackRock will make history with the ETF by next year. The company has scored another coup in this...
Read More »US SEC Delays Decision on Multiple Ethereum ETFs, What’s Next?
In the recent filing, the US SEC stated that they are still considering on whether these Ethereum ETFs should be listed. The United States Securities and Exchange Commission (SEC) has announced a delay in its decision on several Ethereum (ETH) exchange-traded funds (ETFs) until May 2024. As per regulatory filings on December 18, the SEC postponed its decision on the Hashdex Nasdaq Ethereum ETF and the Grayscale Ethereum Futures ETF. The Hashdex Ether ETF shall hold both spot Ether and...
Read More »Cardano (ADA) Price Analysis: Bulls Remain In Control Above $0.55
ADA price started a downside correction from the $0.700 zone against the US Dollar. The price is now trading above $0.55 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.5803 on the 4-hour chart (data feed via Coinbase). The price could start a fresh increase if it clears the $0.620 and $0.650 resistance levels. Cardano’s price is consolidating above $0.550 against the US Dollar, like Bitcoin. ADA...
Read More »Séminaire de cryptofinance : « Discreet Log Contract »
Organisé par Ricardo Pérez-Marco, Martino Grasselli et Cyril Grunspan, le prochain séminaire de cryptofinance aura lieu le 21 décembre à l’Institut Henri Poincaré. Après un rapide récapitulatif de la genèse des « Discreet Log Contract », nous discuterons de la façon dont les spécifications actuelles des DLC nous permettent de créer des produits dérivés basés sur Bitcoin en minimisant le risque de...
Read More »Bitcoiners Celebrate 10th Anniversary Of ‘HODL’ Meme
Exactly ten years ago today, an eccentric Bitcoin (BTC) enthusiast coined what is now one of the crypto industry’s most widely known and prolific phrases today: the HODL meme. On December 18, 2013, BitcoinTalk user GameKyuubi took to the forums just as Bitcoin’s price had cratered to $420 apiece – down two-thirds from its all-time high of $1200 just a week prior. Despite the volatility, the title of his post made his intentions (somewhat) clear: “I AM HODLING.” The Origins Of...
Read More »Is Bitcoin About to Explode to $45K or Plunge Below $40K? (BTC Price Analysis)
Bitcoin’s price has been consolidating recently, following months of bullish movement. The market is testing a key support level at the moment as things are getting tricky for a potential continuation to the upside. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has been aggressively rallying since a break above the 200-day moving average back in October. Multiple resistance levels have been broken through, and the market participants are...
Read More »Bitcoin Ends 11-Week Winning Streak With $33M Outflows While Altcoins Buck Trend: CoinShares
Digital assets investment products ended their 11-week streak of positive cash flows with withdrawals amounting to $16 million. However, trading activity remained significantly higher than the yearly average, reaching $3.6 billion for the week, in contrast to the year-to-date average of $1.6 billion. Bitcoin was the worst hit, witnessing outflows of $33 million last week, while short-bitcoin also experienced minor outflows amounting to $0.3 million. Contrary to the overall...
Read More »Bitcoin Miner Hut 8 Agrees to Build New Site for Celsius Creditors
The deal with Hut 8 comes after Celsius recently obtained approval from the bankruptcy court to transition into a Bitcoin mining entity that creditors will solely operate. Bitcoin (BTC) mining company Hut 8 has entered into an interim agreement with the bankrupt crypto lender Celsius Network to construct and deploy new mining operations in Cedarvale, Texas. This collaboration is a key component of Celsius’s ongoing bankruptcy proceedings, designed to foster positive relations with its...
Read More »OKX Surges Ahead of OpenSea and Blur in NFT Race Thanks to Bitcoin Ordinals
OKX strategically positioned itself to ride the Ordinals wave, seizing the NFT crown amid exploding interest in Bitcoin-based creative assets. Cryptocurrency trading platform OKX has raced ahead of rivals to become the top marketplace for non-fungible tokens (NFT), recording over $50 million in daily NFT trading volume compared to $13 million on Blur and $3 million on OpenSea. This surge centers around Ordinals – unique NFTs built on the Bitcoin blockchain that have recently taken the...
Read More »Crypto Was Institutionalized in 2023, Says Goldman Sachs
According to a recent report from Goldman Sachs, 2023 saw significant institutional support for the crypto industry, especially for derivatives trading. For as long as the crypto industry has existed, it has pursued institutional support. Considering the fact that the crypto industry operated on the fringes of the mainstream financial world for so many years, institutional support would mean both more financial benefits and public validation. Well, according to Goldman Sachs, 2023 saw...
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