The new Bitcoin-only trust company will combine expertise from BitGo and Swan Bitcoin to drive adoption with minimal exposure.
If not for anything else, the latest report about clean energy usage could mean a greater move toward the adoption of BTC.
While Bitcoin maintains its stability amid inflationary concerns and economic data releases, other cryptocurrencies face a different fate.
Financial giant Franklin Templeton has applied to the SEC for approval to launch a Bitcoin exchange-traded fund (ETF) named the Franklin Bitcoin ETF, with Coinbase as the custodian and trading on the Cboe BZX Exchange.
Bitcoin and the broader crypto market have come under major selling pressure amid news of the FTX creditor liquidation.
The decision by the FASB to allow fair-value accounting for digital assets is a huge step forward for companies like MicroStrategy.
The decision by Genesis Global Trading (GGT) to wind down its business was reportedly voluntary and is currently working with regulators to ensure an orderly closure of services.
Qala will now rebrand to ₿trust Builders Programme and join forces with its parent company to democratize the development of open-source Bitcoin software.
Mi Primer Bitcoin has a goal of reaching more than 300,000 Salvadorans with its education program this year and to give out at least 7,700 presentational diplomas.
Bitcoin, which rose after Grayscale won its SEC case, has fallen to its lowest point since March as the market awaits an ETF decision.
Hayes believes that it may take the market another six to 12 months to fully respond to the bull run.
Along with holding Bitcoins on its balance sheet, Bitfinex also supports Bitcoin Layer 2 networks, such as the Lightning Network and the Liquid Network.
Bernstein analysts believe that diversification presents a significant commercial opportunity for asset managers. It allows them to enter the rapidly growing digital asset market and benefit from increased demand and market growth.
The analysts noted that the SEC may have to approve Grayscale’s ETF proposal and potentially other spot-based Bitcoin ETFs in order to maintain regulatory consistency.
Bitcoin continues to show weakness as the BTC price can move towards $24,000-25,000 as it goes to test the 200-week EMA once again.