Ionic Digital has revived its plans for an initial public offering (IPO) following the appointment of BDO USA as its new auditor. The company, which is primarily involved in bitcoin (BTC) mining, also revealed that it holds 2,102.29 BTC, valued at $135.3 million as of Sept. 30, 2024.
Bitcoin retreats after testing support at $69,000 level: CNBC Crypto World CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Crypto World explores a growing trend of partnerships between crypto and Formula 1 racing teams.
As Bitcoin (CRYPTO: BTC) inches closer to its all-time high, experts predict a bullish momentum for the leading cryptocurrency, while (CRYPTO: XRP) is mired in regulatory uncertainty due to the ongoing SEC appeal against Ripple . What Happened To Bitcoin: Market analysts from Bitget and Hashdex have weighed in on the diverging futures of Bitcoin and XRP, citing regulatory and market factors shaping their trajectories.
The ECB's latest report on Bitcoin highlights potential wealth inequality effects, sparking backlash from the crypto community.
The Ethereum price started the new week by extending last week's gains, which kicked off after it bounced off support at $2,350. This run has seen the Ethereum price now pushing towards resistance at $2,800, which the bulls look forward to breaking before the week runs out.
A unique Bitcoin price model charts a potential $285,000 top for BTC in 2025.
The Federal Reserve Bank of Minneapolis has recommended a tax or ban on Bitcoin. In a recently published working paper, the Minneapolis Fed described this as necessary for the government to maintain a permanent primary deficit.
Bloomberg Intelligence senior ETF analyst Eric Balchunas examines the ETF market's role in the latest Bitcoin surge and an unusual trend playing out for gold investors. Eric speaks with Paul Sweeney and David Gura on Bloomberg Radio.
Chainalysis faces a $650 million defamation lawsuit, the EU's ESMA pushes for MiCA amendments, Cyprus and Ireland scramble to align with regulations, and Italy plans to hike tax on Bitcoin.
Investors are feeling bullish about Bitcoin again, with over $2 billion flowing into ETFs last week as BTC flirted with $70,000.
More crypto ETFs might not ever be approved if Kamala Harris wins the presidential election.
Ethereum (ETH) has been making headlines as its price climbed past a crucial resistance level, signaling renewed investor interest and potential for further gains. Over the past week, Ethereum has consistently tested the resistance around $2,650, and after days of buildup, the cryptocurrency successfully broke through.
Bitcoin approached $70,000 at the start of the Asian morning before retreating and the jump led to gains among the broader crypto markets. Ethereum creator Vitalik Buterin proposes the 'Scourge' upgrade amid centralization risks.
Increasing assaults on Bitcoin holders are chronicled in an archive maintained by Casa co-founder Jameson Lopp, including the traumatic experiences of early crypto pioneers like Hal Finney.
The Bitcoin community is shaken as Michael Saylor downplays concerns over government oversight, sparking fears of a shift away from decentralization.
Bitcoin's network hashrate has hit a groundbreaking peak of 725.88 exahash per second (EH/s) for the very first time in its history. Imagine this: 725 quintillion hashes are being crunched every second to secure the network. That's an astronomical number! Over the past year, from Oct.
Europe's largest Bitcoin miner, Northern Data, is exploring the potential divestment of its mining division, Peak Mining, as part of a strategic shift to focus entirely on its rapidly growing AI Solutions business, according to an Oct. 21 press release.
Scroll Layer-2 protocol has released the tokenomics of its first airdrop campaign to reward early contributors.
Pete Rizzo, a prominent Bitcoin historian, has noted that it has been exactly 13 years since The Economist, one of the most famous business media outlets, wrote off the cryptocurrency in its infamous article.
Bitcoin's price action is displaying bearish momentum. After briefly touching a high of $69,431 Monday morning, BTC quickly retreated to sub-$67,000 levels, but at least one metric suggests the king crypto still has more gas in the tank: the hash rate.
Bitcoin (CRYPTO: BTC) could be knocking on the door of $70,000 soon, propelled by positive market sentiment and robust support from ETF inflows and crypto miners, according to Bernstein analysts. What Happened: Last week alone, Bitcoin ETFs saw $2 billion in new purchases, bringing the total yearly inflows to $20.5 billion and pushing assets under management past the $63 billion mark.
After breaking above the 7-month-old consolidation, the Bitcoin price is step by step heading towards its ATH at $73,750. The price just marked levels past $69,500, suggesting the next big move could be above $70,000 anytime from now.
Bitcoin's close call with $70,000 may have boosted trader optimism, leaving a trail of liquidations as the price fell below $67,000 Monday.
A record high in OI indicates that more participants are actively trading or holding positions in Bitcoin futures.
A widely followed crypto analyst is issuing a Bitcoin warning after BTC‘s failed breakout and dip to the $66,000 range early Monday. In a new video update, crypto strategist Benjamin Cowen tells his 818,000 YouTube subscribers that Bitcoin is showing similarities to a 2019 correction.
Federal Reserve Bank of Minneapolis labels Bitcoin as a speculative asset that threatens fiscal stability. The post Bitcoin labeled a “useless piece of paper” as FED Bank of Minneapolis cites its lack of intrinsic value appeared first on Crypto Briefing.
The crypto market is gradually restoring its ‘Uptober' sentiment as Bitcoin prices drive a high momentum rally towards $70,000. This renewed momentum has led crypto analysts to predict a bottom formation for Ethereum with a potential surge towards $4,000.
The asset has outperformed Bitcoin in the past seven days.
Discover how to successfully integrate Bitcoin into your wealth management with practical and strategic advice.
Northern Data Group has plans to acquire data centers and AI-centric GPUs with funds raised from the potential sale of its Bitcoin mining business.
Since the Fed's rate cut last month, Bitcoin has outpaced Ethereum, driven by stronger demand and institutional adoption, analysts said.
Here's why some analysts are bullish on ETH and a likely swing above $3K.
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The European Central Bank (ECB) is asking the public to advocate for laws against Bitcoin (BTC), claiming that every time the crypto king rallies, it financially drains the rest of society.
Bitcoin pulls back below $67,000, sparking fears of a further correction.
In a recent paper, researchers from the European Central Bank make a handful of claims about Bitcoin that lack context, nuance and/or evidence. I'm here to shed light on what they got wrong.
Minneapolis Fed suggests banning or taxing Bitcoin to maintain deficits. Bitcoin is labeled as a “private-sector security” without real claims.
On-chain data shows the Bitcoin miners have been making an unusually high number of transactions to centralized exchanges recently. Bitcoin Miner To Exchange Transactions Metric Has Just Seen A Spike As pointed out by CryptoQuant author IT Tech in a new post on X, the Miner to Exchange Transactions indicator has been high recently.
Over the past 24 hours, the Bitcoin price has made another key advancement, pushing past the resistance at $69,000, though it has since retraced.
With Bitcoin sitting near $70K, is $100K the next stop? How will the U.S.
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After 17 consecutive weeks of inflows, multi-asset products faced outflows of $5.3 million.
Bitcoin ETF options will give Bitcoin ETFs "the needed liquidity to attract sustainable inflows,” QCP Capital wrote.
On Oct. 20, 2024, bitcoin's price broke past the $69,000 mark, leaving many in the market eager to see what's next. With the 2024 U.S. elections approaching, bitcoin (BTC) prices could swing unpredictably, given the speculation surrounding the face-off between Donald Trump and Kamala Harris.
Two European Central Bank officials have taken the cryptoverse by storm after saying an eight-figure price target for Bitcoin is attainable. The officials recently agreed that the price of the flagship crypto could hit as high as $10 million per coin.
Bitcoin offers buyers a "flash sale" with a dip below $67,000, but traders warn that the BTC price retracement may not be done yet.
TL;DR The iShares Bitcoin Trust ETF (IBIT) recorded more than $1.1 billion in new cash inflows, its best week since March. IBIT outperformed the Vanguard Total Stock Market ETF (VTI), placing itself in third position in year-to-date flows.
Digital asset investment products saw inflows surge to $2.2 billion last week, marking the largest weekly increase since July 2023. What Happened: The surge is being attributed to growing optimism surrounding a potential Republican victory in the upcoming U.S. presidential election, as Republicans are generally perceived to be more favorable toward the digital asset sector, according to a Coinshares report.