A Bitcoin exchange-traded fund (ETF) issued by ProShares has officially launched on the New York Stock Exchange. After nearly half a decade of failed attempts from a multitude of asset managers, the ProShares ETF was finally approved by the US Securities and Exchange Commission (SEC) last week. It will trade as PROSHARES BITCOIN STRATEGY ETF under the ticker BITO. “We…
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Shiba Inu (SHIB), the new DOGE-inspired meme coin that has gained favor off the back of Elon Musk buying a puppy, has once again exploded in value. The coin is now the 12th largest cryptocurrency by market cap, despite having a per-coin price of only fractions of a cent. Now up by 216% in the past week, the coin climbed…
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Former Facebook executive and billionaire CEO of Social Capital, Chamath Palihapitiya, believes Bitcoin has replaced Gold. Speaking to CNBC’s Scott Wapner at the Delivering Alpha conference yesterday, Palihapitiya made his bullish case for Bitcoin but said it would be hard to give an accurate price prediction. The best he could offer was to say Bitcoin is likely heading for $200,000…
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The cryptocurrency sector continues to struggle this week in face of tightening regulations and knock-on effects from the wider stock market. Following last week’s warning from the US Securities and Exchange Commission (SEC) to major crypto exchange Coinbase, the market suffered a blow that took almost 20 percent off the price of Bitcoin (BTC). The warning, known as a Wells…
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The world of crypto investments just grew bigger with the NFT boom that occurred in 2021. NFTs are selling like hot cakes right now, with the exception that they cost millions. Some of them, like artist Beeple’s collection of 5,000 artworks, sold for nearly $7 million, so it’s safe to say that there’s been a crypto NFT boom. And that’s…
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Anyone that has been involved with the crypto industry for longer than a few years knows that Bitcoin dies more often than Kenny from South Park. Seldom does a month go by without a traditional investor, banker, or gold bug predicting Bitcoin’s imminent demise. Even after a dozen years of skeptics and critics getting it wrong, some naive commentators still…
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VISA has further cemented its support for the growing blockchain and digital currency market with the purchase of a CryptoPunk NFT. The card payments giant has long been indirectly involved in the cryptocurrency market through the launch of several crypto debit cards but this is the first time the company has shown such direct support. In a blog post entitled…
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The world’s leading cryptocurrency exchange, Binance, has announced mandatory KYC procedures for all services. Know-Your-Customer (KYC) is a standard tool used by institutions to track financial transactions around the world. It involves the verification of a customer’s identity before they can make any deposits, withdrawals, or transfers of funds. Due to growing concerns amongst regulators around the world that cryptocurrency…
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Following the successful implementation of its most recent hard fork upgrade, dubbed “London”, the price of Ethereum (ETH) has skyrocketed. The second-most valuable cryptocurrency after Bitcoin (BTC), Ethereum is now solidly on route to migrating to a fully Proof-of-Stake (PoS) blockchain. The London hard fork went live on 4 August 2021, featuring five Ethereum Improvement Proposal (EIPs) including the highly…
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As Bitcoin recovered above $40k this week, a new wave of optimism appears to have entered the market. Weeks of red candles and lower lows have threatened the conviction of even the most dedicated BTC bulls but now we may be seeing light at the end of the tunnel. One analyst who has faced considerable critiscm lately is Twitter’s Plan…
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