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Tag Archives: BTC

Top 10 Major Crypto Headlines in 2023 by Coinspeaker: Year of Triumphs, Scandals, and Transformations

It was a controversial year for the crypto indutrsy. Let’s have a closer look at the major crypto-related events that too place in 2023. The year 2023 has been a rollercoaster ride for the cryptocurrency ecosystem, defined by important events that have impacted the industry’s direction. From stablecoin woes to regulatory disputes, institutional acceptance, and the advent of meme coins, the crypto sector has seen a wide range of stories. Here are the top 10 major crypto headlines that have...

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Hive Digital Secures $22M in Funding for Bitcoin Mining Operations

On December 28, the company announced that its fleet of 3,750 Bitcoin ASIC miners, purchased last year, had already generated profits due to the surge in the coin’s price. Canadian Bitcoin mining company Hive Digital has recently concluded a successful $22 million private financing round. The company achieved this milestone through the sale of 5.75 million special warrants at a price of $3.87 each, resulting in total proceeds of $22 million. This financing round will enable the company  to...

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FTX Offers $16,871 Bitcoin Price for Creditor Claims, Users Reject

If the court approves the proposed plans from debtors, the FTX creditors could lose a huge sum of money considering the rally in crypto market this year. In a recent filing made on December 27 in the United States Bankruptcy Court for the District of Delaware, FTX debtors have unveiled estimates of the US Dollar value assigned to cryptocurrency prices and foreign currency for customers holding claims with the now-defunct exchange. The debtors expressed their intention to establish a “fair...

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Hashdex Drops Ad Ahead of Its Spot Bitcoin ETF Approval

Asset management firm Hashdex has unveiled a new advertisement amid the US Securities and Exchange Commission’s (SEC) evaluation of applications for the listing of spot Bitcoin (BTC) tickers on US exchanges for exchange-traded funds (ETFs). The advertisement, shared on December 28 on X (formerly Twitter), features an interview setting from the 1980s, where the subject critiques the use of home computers for everyday tasks, drawing a parallel to the skepticism around emerging technologies....

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Crypto Exchanges Seeking to Tap on Vast Indonesian Market Must Register with Commodity Future Exchange (CFX)

The Indonesian government is keen to protect crypto investors from exploitative exchanges and ensure optimal tax collection. The high demand for digital assets and Web3 products in Indonesia has seen registered users surpass more than 18 million, compared to 12 million traditional stock traders. With the number of crypto users expected to grow exponentially in the coming years, the Indonesian government has been preparing to tap into the blockchain and the nascent industry to grow its...

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10x Analyst Warns MicroStrategy Stock Is Overvalued by 26%

The new 10x’s research extends beyond MicroStrategy, highlighting that several crypto-related stocks are trading close to fair value based on BTC price. In a recent report released by 10x Research, the company has raised concerns about the overvaluation of MicroStrategy Inc (NASDAQ: MSTR) shares. The research was led by Markus Thielen, the analyst who accurately predicted this year’s Bitcoin (BTC) rally. According to him, despite MSTR’s impressive 343% surge this year, the business...

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Cathie Wood’s Ark Invest Sells Coinbase and GBTC Shares to Buy ProShares Bitcoin ETF (BITO)

Ark Invest purchased $92 million worth of ProShares Bitcoin Strategy ETF (BITO) and 4,320,928 units of the US Bitcoin futures-linked ETF. Cathie Wood’s asset management firm Ark Invest has actively engaged in portfolio rebalancing this year amid a surge in stock prices of crypto firms. In the latest development on Wednesday, December 27, Ark Invest divested its Coinbase holdings and all of its GBTC holdings. In a recent trade filing, the company led by Cathie Wood revealed the sale of...

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IOTA’s ShimmerEVM Bridge Goes Live in Strategic Linkup with LayerZero

The timing for the launch of the ShimmerEVM Bridge is a perfect one, considering the broader expansion underway in the IOTA ecosystem. The ShimmerEVM protocol from IOTA is advancing an impressive cross-chain interoperability protocol with the integration of LayerZero’s technology to enhance its bridging capabilities. As reported by Coindesk based on the scoop from the network’s developers, the Shimmer Bridge through which associated protocols can connect to other non-IOTA-based chains...

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Cryptocurrency Hedge Funds Gearing for Strong 2024 after Last Year’s Crypto Winter

While the average performance of crypto funds did not match the more than 150% rally in Bitcoin this year, the positive shift in fortunes is a promising development for the industry. After facing a strong crypto winter in 2022 following the collapse of Three Arrows Capital (3AC), crypto hedge funds are making a comeback. Crypto hedge funds demonstrated a notable recovery, posting an average return of 44% by December 20, bouncing back from a 52% loss in 2022, according to a Bloomberg index...

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Grayscale Files Amended ETF Application Following Silbert’s Resignation

The amended ETF application came after a series of meetings between Grayscale and the SEC in December. Leading asset manager Grayscale Investments has filed an amended S-3 application seeking to convert its Grayscale Bitcoin Trust (GBTC) to a spot Bitcoin ETF. Bloomberg analyst James Seyffart confirmed the reapplication with the Securities and Exchange Commission (SEC) on Tuesday, just a few hours after the CEO of the firm’s parent company, Barry Silbert, resigned. Grayscale Finally...

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