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Bitcoin News
Bitcoinist
37m
110
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Hong Kong Bitcoin ETFs To Reach $1 Billion AUM By 2024 End, Kraken Unit Predicts
- CF Benchmarks, a unit of Kraken, predicts Hong Kong Bitcoin ETFs to reach $1 billion in assets under management by the end of 2024.
- CF Benchmarks is a key reference data provider for around $24 billion of cryptocurrency ETFs, dominated by Bitcoin funds.
- The company is actively collaborating with new Bitcoin ETFs in Hong Kong and plans to expand into other markets like South Korea and Israel.
- US spot-Bitcoin ETFs using CF Benchmarks' indexes have exceeded expectations, accumulating over $20 billion in assets.
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Bitcoinik
43m
39
Image Credit: Bitcoinik
Former Twitter CEO Jack Planning To Buy Bitcoin (BTC)
- Former Twitter CEO Jack Dorsey plans to buy Bitcoin (BTC) using his company's funds.
- His company, Block Inc, will invest 10% of its gross profit from its Bitcoin product into buying more Bitcoin each month.
- Block currently holds 8,038 BTC, purchased for $50 million and $170 million in separate transactions.
- The decision has positively impacted the trade price of Block stock, surging 9% in 24 hours.
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Crypto-News-Flash
59m
117
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BTC Price Prognosis: Analyzing the Impact of 23,000 Bitcoin Options Expiring Today
- 23,000 Bitcoin options with a notional value of $1.4 billion are expiring today as the market remains bearish.
- 334,248 Ether contracts with a notional value of $1 billion could also expire following the disappointing performance of Hong Kong ETFs.
- Bitcoin price shows a marginal bullish reversal of 1.8% in the last 24 hours after dropping below $60k.
- The expiration of these options and contracts poses uncertainty for the future direction of Bitcoin and Ethereum.
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Cryptopotato
1h
267
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Robert Kiyosaki’s 6 Rules of Surviving a Bad Market Crash Include Bitcoin: Details
- Robert Kiyosaki, author of Rich Dad, Poor Dad, has outlined six rules for surviving a market crash.
- Kiyosaki advises refraining from catching falling knives and waiting for asset prices to bottom.
- He urges investors to study the financial sector and make new friends on the same path.
- Kiyosaki emphasizes the importance of saving real money like bitcoin and precious metals.
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16 Likes
Zycrypto
1h
183
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BlackRock Exec Reveals Huge Sovereign Wealth Fund Interest In Bitcoin As Second-Largest European Bank Acquires IBIT ETF Shares
- BNP Paribas, the second-largest bank in the EU, acquired shares in BlackRock's iShares Bitcoin Trust (IBIT) in Q1 2024.
- The French bank purchased 1,030 shares of IBIT, worth $41,684.10.
- While the investment is small relative to the bank's overall assets, it validates the mainstream adoption of Bitcoin.
- BlackRock's head of digital assets predicts that more financial institutions, including sovereign wealth funds, will invest in spot Bitcoin ETFs in the coming months.
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11 Likes
Livebitcoinnews
1h
140
Image Credit: Livebitcoinnews
Leading 5 Cryptocurrencies for Maximum ROI: BlockDAG Dominates with 30,000x Potential, Surpassing KAS, SUI, ATOM, and OP
- BlockDAG, with its potential for a 30,000x ROI, leads as a pioneering cryptocurrency investment.
- Kaspa shows promising signs of recovery despite a recent price drop.
- Sui maintains strength above $1 despite market fluctuations, making it attractive for investors.
- Cosmos indicates a market rebound, with the potential for significant gains in the future.
- Optimism demonstrates stability in a volatile market, presenting an opportunity for timely investors.
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8 Likes
Newsbtc
2h
263
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Bitcoin Update: $120 Million Futures Liquidated As Price Takes A Beating
- The recent dip in the price of Bitcoin has triggered liquidations in futures markets.
- Investors are taking a measured approach, suggesting a possible short-term correction rather than a long-term bear market.
- On-chain metrics offer hints of a potential future upswing, giving hope to long-term investors.
- Understanding market sentiment and analyzing indicators like the funding rate is crucial for success in this dynamic environment.
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15 Likes
Analyticsinsight
2h
108
Image Credit: Analyticsinsight
BlockDAG Presale Achieves $22.3M, Attracting Bitcoin Cash Miners and Influencing Polkadot’s Market Movements
- Bitcoin Cash miners accumulate additional BCH tokens after halving event, indicating a strategic hold.
- Polkadot faces market uncertainty, struggling with price resistance and potential bearish patterns.
- BlockDAG's presale raises over $22.3 million, showcasing its innovative DAG-based technology and potential for high ROI.
- BlockDAG positions itself as a prime investment opportunity for 2024, offering scalability, efficiency, and environmental sustainability.
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6 Likes
Livebitcoinnews
2h
33
Image Credit: Livebitcoinnews
Bitgert Coin: The Crypto Powerhouse That’s Turning Heads
- Bitgert Coin (BRISE) is gaining attention as an inspiring and promising crypto project offering solutions for traders.
- Since its launch in 2021, BRISE has seen explosive potential, with a value increase of over 40,000% and a burning mechanism to reduce the coin's supply.
- With low transaction fees and a fast transaction speed of 100,000 TPS, Bitgert Coin aims to solve major transactional problems in the crypto market.
- Bitgert Coin offers an ecosystem that includes Bitgert Blockchain, Bitgert Exchange, Paybrise, and more, providing investment opportunities for users.
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1 Like
Altcoinbuzz
3h
176
Trezor to Discontinue Coinjoin Feature by June 2024
- Trezor has announced the discontinuation of its Coinjoin feature by June 2024.
- The decision is a response to their partner ceasing to provide the service that powers Coinjoin.
- Trezor reassures users that this decision does not affect their commitment to user privacy.
- All funds within users' Coinjoin accounts will remain fully accessible post-discontinuation.
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10 Likes
Bitcoinist
3h
192
Image Credit: Bitcoinist
Bitcoin Spot ETFs In Hong Kong Gains Attention: Bloomberg Analyst Weighs In
- Hong Kong's Bitcoin Spot ETFs have gained attention after a successful first-day trade.
- Eric Balchunas, a Bloomberg Intelligence expert, analyzed the historical introduction of the products in Hong Kong.
- The debut of HK spot ETFs coincided with a slowdown in the US market, leading to notable inflows in Hong Kong while the US experienced outflows.
- On the first day of trading, the ChinaAMC BTC spot ETF attracted the highest inflow, followed by the Harvest Bitcoin Spot ETF and the Bosera Hashkey Bitcoin ETF.
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11 Likes
Tech Story
3h
300
Bitcoin Bottom In: Experts Predict Gradual Recovery and Investment Opportunities Ahead
- Former BitMEX CEO Arthur Hayes expresses optimism about Bitcoin's future, stating that it has likely hit bottom and will gradually recover.
- Hayes predicts that Bitcoin will trade between $60,000 and $70,000 until August.
- Experts attribute the recent market downturn to factors such as the U.S. tax season and concerns about the Federal Reserve's decisions.
- Despite the recent dip, experts like Hayes and Dr. Jeff Ross remain optimistic about Bitcoin's long-term growth potential.
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18 Likes
Medium
3h
3
Crypto Comedy: Stronghold Digital Mining Faces Tough Choices Amid Bitcoin Halving Frenzy!
- Stronghold Digital Mining Inc. is facing tough choices amid the Bitcoin halving frenzy.
- The halving refers to the cutting of rewards for mining Bitcoin in half.
- With shrinking mining rewards, Stronghold Digital Mining Inc. is deciding whether to sell or not.
- Despite the uncertainty, there is hope for Stronghold Digital Mining Inc. to succeed in the crypto mining industry.
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Cryptonewsz
3h
20
Image Credit: Cryptonewsz
Bitcoin 2024: Boom or bust? Experts weigh in
- Bitcoin experts and analysts have differing predictions for the future of Bitcoin in 2024.
- PlanB, known for the Stock-to-Flow model, predicts that Bitcoin will reach $100,000 by the end of 2024.
- CryptoNewsZ, a respected crypto news platform, agrees with PlanB's prediction of Bitcoin reaching $100,000 by the end of the year.
- On the other hand, economist Peter Schiff remains skeptical and forecasts Bitcoin to stay at $54,000 by 2024.
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1 Like
Medium
3h
37
Bitcoin Jesus’ Tax Nightmare: How One Crypto Maverick Dodged the IRS…Until He Couldn’t!
- Roger started stacking those Bitcoins way back in 2011, way before crypto was the hot topic it is today.
- By 2014, he had amassed a whopping 131,000 BTC.
- The US government wasn’t too thrilled about Roger’s tax evasion shenanigans.
- They claimed he owed them a cool $48 million in unpaid taxes.
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2 Likes
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