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Skybridge Founder Expects Bitcoin to Surpass $170,000 Next Year


Skybridge Capital founder Anthony Scaramucci expects bitcoin’s price to surge past $170,000 next year if the price of the cryptocurrency remains at the current level until the halving in April. He expects Bitcoin halving, as well as surging institutional demand for newly listed spot bitcoin...

Report: Japan’s E-Commerce Giant Mercari to Accept BTC Payments


Starting in June, users of Mercari, one of Japan’s biggest e-commerce platforms, will be able to pay for products using bitcoin. Users of the platform will also be able to use proceeds from sales to buy and sell bitcoin. Mercari Set to Continue Displaying Yen Prices One of Japan’s...

Study: Only 6% of Crypto Exchanges Integrated the Lightning Network


A new research study has partly attributed the growth in the use of bitcoin “as a transactional layer” to the increased number of crypto platforms that have joined the Lightning Network ecosystem. The study however found that just over 6% of centralized crypto exchanges have...

Spot Bitcoin ETF Applicants Flood SEC With Filing Updates Before Deadline


Major asset managers, including Blackrock, Fidelity, Bitwise, and Wisdomtree, submitted their revised spot bitcoin exchange-traded fund (ETF) filings shortly before the deadline set by the U.S. Securities and Exchange Commission (SEC) on Friday afternoon. The securities regulator reportedly wants...

Crypto Tax Planning: Merging Tax-Loss Harvesting With Charitable Giving


As the year winds down, cryptocurrency investors can combine tax-loss harvesting with cryptocurrency donations to charities, a move that optimizes tax benefits while supporting worthy causes. Embrace Year-End Tax Strategy With Charitable Giving Twist As the end of the year rapidly approaches...

Blackrock Meets With SEC 4 Times to Discuss Spot Bitcoin ETF Application


Blackrock, the world’s largest asset manager, has met with the U.S. Securities and Exchange Commission (SEC) for the fourth time recently to discuss its spot bitcoin exchange-traded fund (ETF) application. SEC Chairman Gary Gensler said this week that the securities regulator is “taking...

Echoes of 2013: Bitcoin Mining Concentration Reaches Decade-High Levels


In the past 72 hours, Antpool has dominated 26.48% of Bitcoin’s overall hashrate, closely followed by Foundry USA at 24.95%. Together, these two mining pools wield 51.43% of the prevailing 502 exahash per second (EH/s) total hashrate. This level of concentration in bitcoin mining pools...

Financial Giant Fidelity Discusses Spot Bitcoin ETF Application With SEC


Financial services giant Fidelity recently met with the U.S. Securities and Exchange Commission (SEC) regarding its spot bitcoin exchange-traded fund (ETF) application. Like Blackrock, the world’s largest asset manager, Fidelity appears to be pushing to use the in-kind creation model for...

Hong Kong Regulator Warns of 2 Entities Suspected of Crypto Frauds


Hong Kong’s financial regulator has warned the public about two entities suspected of crypto frauds. In addition to issuing cease and desist letters to relevant website operators requesting them to cease offering crypto tokens for purchases, the regulator advises the public to “be...

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