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Do Bitcoin ETFs Kill the Bull Case for Crypto Equities?
24.1.2024
The days of rising crypto prices lifting all boats, including mining stocks, may be gone. But it still looks like being a good year for digital assets, says Alex Tapscott
Grayscale's GBTC Has Moved More Than 100K BTC to Exchange Since Spot Bitcoin ETF Launch
24.1.2024
Outflows from the Grayscale Bitcoin Trust have topped $1 billion per day this week
Arkham Reveals Onchain Addresses Linked to 4 Major Bitcoin ETFs, Boosting Market Transparency
24.1.2024
On Jan. 23, Arkham, a firm specializing in onchain intelligence, announced the identification of four lists of connected addresses linked to four new spot bitcoin exchange-traded funds (ETFs). These groups of addresses are reportedly associated with fund managers including Blackrock, Fidelity...
X Mining Is Paving a New Path for Bitcoin Mining via Tokenized Staking and Improved Sustainability in January 2024
24.1.2024
X Mining is a hot new cloud mining platform designed to revolutionize how individuals engage with Bitcoin mining in 2024. By integrating the convenience of tokenized staking with the reliability of blockchain, X Mining is set to democratize access to Bitcoin mining, making it accessible...
Franklin Templeton Confident in Spot Bitcoin ETF’s Future, Awaits Advisor Familiarity
24.1.2024
The renowned financial services firm Franklin Templeton remains optimistic about the future of its spot Bitcoin ETF despite not yet achieving significant trading volumes compared to industry giants like BlackRock, Fidelity, and Grayscale. While these major players account for about 90% of total...
Is ORDI Token Crashing? ORDI Price Drops 30% as New Bitcoin Protocol Raises $9.1 Million
24.1.2024
Leading BRC-20 ordinal, the ORDI token, experienced a significant -30% price drop due to the Grayscale sell-off. But, can ORDI price analysis determine if ORDI is truly crashing? The ORDI token, a major BRC-20 Bitcoin beta play, has suffered a decline amidst a sell-off of GBTC shares fueled by...
Rari Foundation Launches Mainnet for RARI Chain on Arbitrum
24.1.2024
The RARI Foundation has launched the mainnet for RARI Chain on Arbitrum. Built with Caldera by leveraging an Orbit chain, RARI Chain utilizes the Arbitrum Nitro tech stack, introducing a unique feature of embedding royalties on the sequencer level. For the launch of mainnet, Rari Foundation...
Bitcoin Technical Analysis: Deciphering BTC’s Complex Market Behavior
24.1.2024
Bitcoin’s price dynamics on Jan. 24, 2024, present a complex picture of market fluctuations and investor sentiment. With prices oscillating between $39,878 and $40,069 in the past hour and a broader 24-hour range of $38,505 to $40,515, the cryptocurrency exhibits notable volatility. Bitcoin...
Bitcoin Miner Hut 8 Hits Out at Short-Selling Report
24.1.2024
The report by short-selling firm JCapital Research led to HUT sliding more than 23% on Jan. 18
First Mover Americas: Bitcoin Regains $40K
24.1.2024
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 24, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
US IRS Reminds Taxpayers to Report all Crypto-Related Income
24.1.2024
Source:Adobe The US Internal Revenue Service (IRS) has issued a reminder to all taxpayers to report any crypto-related income. The tax regulator has included a digital asset question on 2023 tax return Form 1040. The question asks taxpayers to report cryptos received in 2023 as a reward, award...
Report: US Crypto Startup Seeks to Launch an Interest-Bearing Stablecoin
24.1.2024
A U.S. blockchain and lending startup is seeking the U.S. Securities and Exchange Commission’s permission to issue an interest-bearing stablecoin. The startup said the digital token will be used as an alternative to existing stablecoins such as tether and USDC. Figure Technologies’...
Crystal ball of crypto: Decoding Bitcoin’s price trajectory for year 2024
24.1.2024
The year 2024 is expected to be full of ups and downs for Bitcoin, or any other crypto, for that matter, considering the way the year started. BTC was once at a tally of $47,000. It is now down to ~$40,000 at the time of articulating this piece. Eleven months later, Bitcoin is expected to …
Exploring how Bitcoin ETFs and Grayscale will affect cryptocurrency
24.1.2024
Spot Bitcoin ETFs are now a reality. Investors are headed to their preferred asset management platform to diversify their portfolios. Bitcoin was in a dark space before January 10, 2024. It has now been tagged with due recognition, enabling investors to explore digital assets. What keeps the sphere...
Magic Eden Rewards, Treeverse, and Immutable – Top NFT News Today – 24 January
24.1.2024
The market for non-fungible tokens (NFTs) is not having the best of days, with significant drops across the board making the NFT news rounds today. Over the past 24 hours, the sales volume has dropped by nearly 20%. At the time of writing, it’s standing at $29,981,386. As we’ll see below,...
Bitcoin ETFs to Likely Divert Users and Trading Volumes Away from CEXs, Says Anthony Bevan
24.1.2024
Recently approved spot bitcoin exchange-traded funds (ETFs) are likely to divert investor interest and trading volume away from centralized exchanges (CEXs), according to Anthony Bevan, CEO of the wealth management firm Blockguard. Bevan, a full-time trader and investor, added that spot bitcoin...
JPMorgan Analysts Downgrade Coinbase Shares to Underweight, Citing Impact of Spot Bitcoin ETFs
24.1.2024
JPMorgan analysts have downgraded Coinbase shares from Neutral to Underweight, causing a 5% drop in the stock’s value during premarket trading on Tuesday. The analysts have also established a price target of $80 per share, indicating a significant downside risk of over 37% from the current...
Indonesia's Crypto Tax Revenue Falls 63% in 2023 Despite Bitcoin's Surge
24.1.2024
The country's tax revenue in 2023 was substantially lower than 2022, when the tax regime was introduced
Ordinals ‘Genesis Cat’ Fetches $254K in Sotheby’s Auction
24.1.2024
“Genesis Cat,” a 1-of-1 digital artwork in the Quantum Cats collection on the Bitcoin blockchain, has achieved a remarkable sale price of $254,000 along with several other notable sales at a recent Sotheby’s auction. ‘Genesis Cat’ Fetches Over Quarter Million...
Analyst speculations on the remarkable heights Bitcoin may reach in the next 12 months
24.1.2024
Last week’s SEC spot ETF approval has spurred a whirlwind of analyst speculations on the remarkable heights Bitcoin may reach in the next 12 months. Bitcoin Gained 9% since the ETF Approval The US Securities and Exchanges Commission (SEC), after a long deliberation, finally approved Bitcoin...