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Tag Archives: Bitcoin News

Riot Platforms to Onboard 33,280 Bitcoin Miners Ahead of 2024 Halving

Riot Platforms’ recent acquisition of Bitcoin miners from MicroBT holds significant importance in the context of the upcoming halving event in 2024. Riot Platforms Inc (NASDAQ: RIOT), a leading player in the Bitcoin (BTC) mining industry has announced a significant development in its quest to expand its mining capabilities. The company stated in a press release that it has entered into a long-term purchase agreement with MicroBT Electronics Technology Co., LTD, a well-known manufacturer of...

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Bitcoin Gains New Technical Stability, Implying More Gains Are Coming

Positive signs are emerging for bitcoin on technical charts. The world’s number one digital currency by market cap is holding a key support level that could insinuate bullish trends will again emerge for the asset in the coming weeks and months. Bitcoin Gains Traction Bitcoin fell by nearly six percent in mid-May. However, the asset – at the time of writing – has since risen by more than one percent and is trading in the low $27K range. Some believe this is because bitcoin has been largely...

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HSBC Approves Bitcoin and Ethereum ETF Trading in Hong Kong

In conjunction with its decision to allow Bitcoin and Ethereum ETF trading, HSBC has launched the Virtual Asset Investor Education Centre. HSBC Holdings plc (LON: HSBA), the largest bank in Hong Kong, has made history by becoming the first bank in the region to offer crypto trading services to its customers. As revealed by Independent Chinese Journalist, Wu Blockchain, customers can now buy and sell Bitcoin (BTC) and Ethereum (ETH) Exchange-Traded Funds (ETFs) listed on the Hong Kong...

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Bitcoin Is Finding New Support Thanks to Meme Tokens

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin is being driven crazy by a new standard known as BRC-20, which basically enables the establishment of new tokens like meme currencies on its blockchain. Bitcoin and Meme Tokens… A Perfect Match? Bitcoin has always been a straight-up digital asset. While it has a blockchain network supporting it (like...

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US Regulators Can Accommodate Spot Bitcoin ETF, Says Bernstein

As per Bernstein research, there is the “headroom for a compliant ETF to grow its share as a bitcoin on-ramp solving the pain of custody”. In its latest research report on Monday, June 26, private wealth management giant Bernstein stated that Grayscale‘s dominant position in the crypto market could be under threat following BlackRock‘s recent filing of the spot Bitcoin ETF with the US SEC earlier this month. Currently, Grayscale is the world’s largest crypto asset manager running a $19...

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U.S. Targets El Salvador in New Crypto Bill

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up El Salvador has long been a bitcoin advocate. The currency is a national form of payment within its borders, but while the president of the nation may be pleased about the prospects, there are many other leaders in the United States and other countries that think the current situation is a bad one. El Salvador...

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Why was May a Rough Month for Bitcoin? Analysts Weigh In

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin hit its lowest levels since March during the midway point of May, and analysts are trying hard to figure out why. Bitcoin and Last Month Didn’t Go Well Together In many ways, the arena was set for bitcoin to have an explosive month. While the currency was still miles above the position it stood at...

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SEC Approves First Leveraged Bitcoin Futures ETF

The BITX being a 2x leveraged ETF can help investors to increase their profit two times faster than they would do without the leverage. The first leveraged Bitcoin futures exchange-traded fund (ETF) has received approval from the US Securities and Exchange Commission (SEC). The ETF, the Volatility Shares 2x Bitcoin Strategy (BITX), will be launched on the Chicago Board Options Exchange (CBOE) BZX Exchange on Tuesday, June 27th. ETFs can be traded on exchanges like stocks, and their...

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Bitcoin is Still 65% Higher than Where it Was Last Year

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The price of bitcoin fell somewhat in mid-May, causing a bit of a scare amongst digital currency investors. However, analysts are telling them not to worry so much given the world’s number one digital asset by market cap is still about 65 percent higher than where it was at the end of last year. Bitcoin… It’s...

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Bitcoin Equities ETF Makes Debut on Euronext Stock Exchange

The addition of a Bitcoin equities exchange-traded fund product to the Euronext Amsterdam stock exchange is fantastic news for Dutch investors. The highly anticipated Bitcoin Equities Exchange-Traded Fund (ETF) product has made its debut on the Euronext Amsterdam stock exchange. This groundbreaking move brings Bitcoin into the realm of traditional financial markets, offering investors a regulated and easily accessible way to gain exposure to the world’s leading token. Earlier today, the...

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