Major applicants for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States are changing their applications to comply with the cash repayment model required by securities regulators. Investment manager BlackRock and Cathie Wood’s ARK Invest have updated their S-1 registration statements for a spot Bitcoin ETF with the US Securities and Exchange Commission … [Read more…]
As the crypto community eagerly awaits the potential approval of a spot Bitcoin (BTC) exchange traded fund (ETF) in the United States, some analysts are warning that it could potentially have unintended consequences for cryptocurrency exchanges. Several industry observers have predicted that a spot BTC ETF could begin trading in early 2024. Combined with Bitcoin’s … [Read more…]
Debtors of the now-defunct cryptocurrency exchange FTX have filed an amended Chapter 11 plan of reorganization that will see the value of customers’ asset claims set retroactively to the time of the exchange’s collapse in November 2022. In a recent statement of claim filed in the U.S. Bankruptcy Court for the District of Delaware, the … [Read more…]
Grayscale is examining the potential tax consequences associated with spot Bitcoin (BTC) exchange traded funds (ETF) after inaccurate reports of adverse tax implications began circulating. In a series of posts on While we work to obtain appropriate regulatory approvals for uplisting $GBTC According to NYSE Arca, we are considering the possible tax implications for spot … [Read more…]
The price of Bitcoin (BTC) briefly fell below $41,000 at 2:15 a.m. UTC on December 11, after suddenly dropping 6.5% from $43,357 to as low as $40,659 in 20 minutes was. At the time of publication, Bitcoin was trading slightly above the local low of $41,960, according to TradingView data. Bitcoin briefly fell 6.5% to … [Read more…]
Bitcoin (BTC) enters the first week of December looking better than it has since the start of 2022 – at over $40,000. BTC price action is already pleasing bulls early in the month, with the weekly close rising above $40,000 for the first time since April last year. Short positions are being wiped out and … [Read more…]
Bitcoin (BTC) hit $40,000 for the first time since late April 2022, up about 2% in 24 hours. According to CoinGecko data, Bitcoin rose from under $39,500 to over $40,000 on December 3, hitting a 19-month high. It also marks a new yearly high for Bitcoin, which has risen over 140% since January 1st. However, … [Read more…]
Bitcoin (BTC) held closer to $40,000 on December 3 after weekend gains reinforced a “strong” uptrend. BTC/USD 1-hour chart. Source: TradingView Bitcoin leaves $60 million hanging on shorts Data from Cointelegraph Markets Pro and TradingView showed a fresh BTC price surge, taking BTC/USD to new 2023 highs of $39,730. These built on the upward momentum … [Read more…]
Former FTX CEO Sam Bankman-Fried’s crypto trading days are over, and the recently convicted founder has found a new thing to trade while in prison – fish. The Wall Street Journal reported Nov. 23 that Bankman-Fried recently traded four packages of mackerel – known in prison as “macks” – for a haircut before his criminal … [Read more…]
Mike Belshe, CEO of cryptocurrency exchange BitGo, has suggested that all signs point to a favorable outcome for a spot Bitcoin (BTC) exchange traded fund (ETF). However, he stressed that the journey ahead will not be without challenges. In an interview with Bloomberg on November 16, Belshe explained that based on discussions between companies seeking … [Read more…]