Hong Kong investors call for quick approval of Bitcoin ETFs - African News - News

Hong Kong investors call for quick approval of Bitcoin ETFs

Urgent Call for Approval of Bitcoin and Ethereum ETFs in Hong Kong: A Critical Moment for the Region’s Cryptocurrency Industry Hong Kong’s cryptocurrency sector is facing a pivotal moment, with stakeholders urgently appealing to authorities for the swift approval and launch of spot Bitcoin and Ethereum exchange-traded funds (ETFs). The region’s standing as Asia’s financial…

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Bitcoin reacts to stubbornly high US inflation amidst Fed rate speculation - Bitcoin News - News

Bitcoin reacts to stubbornly high US inflation amidst Fed rate speculation

Bitcoin Market Share: Grayscale ETF’s Decline Amid Inflation Concerns and Federal Reserve Speculation Bitcoin (BTC), the world’s leading cryptocurrency, suffered a 2.3% decline at the opening of Wall Street on March 12th, 2023. This downward trend can be attributed to escalating concerns regarding persistently high inflation rates in the United States, leading to speculation about…

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Bitcoin developers set to draft guide for BRC-20 tokens - African News - News

Bitcoin developers set to draft guide for BRC-20 tokens

The Establishment and Objectives of the Layer 1 Foundation for Bitcoin’s BRC-20 Token Standard The world of cryptocurrencies has witnessed a surge in popularity, with Bitcoin leading the charge. The emergence of new meme coins on the Bitcoin blockchain has sparked an unprecedented collaborative effort among Bitcoin developers to formalize and establish the BRC-20 fungible…

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Jamie Dimon backs Bitcoin ownership rights, despite personal aversion - Bitcoin News - News

Jamie Dimon backs Bitcoin ownership rights, despite personal aversion

Jamie Dimon’s Cold Shoulder Towards the Bitcoin Bonanza The cryptocurrency market is abuzz with excitement, and Bitcoin is undoubtedly the star of the show. The digital currency’s price has reached new heights, soaring to an astounding $72,000 and setting records that resemble a rockstar shattering guitars on stage. However, despite the buzz surrounding Bitcoin, Jamie…

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Bitcoin is seen as long-term digital property, not currency - Bitcoin News - News

Bitcoin is seen as long-term digital property, not currency

Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, has experienced a remarkable surge in value, reaching an all-time high of $72,095. This significant price increase has rekindled the debate around Bitcoin’s role within the financial landscape and sparked renewed interest amongst investors. Michael Saylor, the chairman of MicroStrategy, has recently advocated for a shift…

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El Salvador’s Bitcoin investment strategy pays off amid market rally - Bitcoin News - News

El Salvador’s Bitcoin investment strategy pays off amid market rally

El Salvador’s President, Nayib Bukele, has made headlines with the Central American nation’s daring move to adopt Bitcoin as legal tender and invest in the cryptocurrency. The innovative approach, initiated back in September 2021, has paid off handsomely despite some initial challenges (Bukele, 2021). Bukele’s pioneering strategy has not only resulted in significant profits but…

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Bitcoin and its ETFs have a somewhat toxic relationship: Take a look - Bitcoin News - News

Bitcoin and its ETFs have a somewhat toxic relationship: Take a look

The Bitcoin-ETF Nexus: A Complex Dance of Gains and Losses The Volatility Paradox: Bitcoin ETFs and Unpredictable Price Swings The enchanting narrative surrounding the role of Bitcoin Exchange-Traded Funds (ETFs) in tempering Bitcoin’s wild price fluctuations has proven to be more intricate than anticipated. As some may have us believe, the relationship between the pioneering…

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VanEck announces removal of all spot Bitcoin ETF trading fees - Bitcoin News - News

VanEck announces removal of all spot Bitcoin ETF trading fees

VanEck’s Game-Changing Move in the Cryptocurrency Landscape: Zero Sponsor Fees for Bitcoin Trust ETF Today marks a groundbreaking moment in the world of cryptocurrency investments as VanEck, a leading asset management firm, shatters expectations with an unprecedented move that is poised to revolutionize the Bitcoin Trust ETF landscape. In an industry first, VanEck has declared…

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Bitcoin is on a roll: What exactly is driving this momentum? - Bitcoin News - News

Bitcoin is on a roll: What exactly is driving this momentum?

Bitcoin’s Rollercoaster Ride: Unraveling the Reasons Behind Its Surge The Significant Role of Exchange-Traded Funds (ETFs) and Institutional Investment First, let’s delve into the significant factor fueling Bitcoin’s current uptrend: Exchange-Traded Funds (ETFs). The recent surge in interest towards these investment vehicles, particularly when the US stock markets opened up, resulted in massive trades worth…

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Trump’s Support Ignites Bitcoin Rally: Will $73K Be the Next Milestone? - Bitcoin News - News

Trump’s Support Ignites Bitcoin Rally: Will $73K Be the Next Milestone?

Bitcoin (BTC) experienced an impressive surge towards the unprecedented price level of $73,000, setting a new all-time high. This remarkable growth was driven by a multifaceted combination of factors that continued to fuel the bullish momentum in the market. Trump’s endorsement adds confidence Former United States President Donald Trump’s subtle yet significant statements regarding Bitcoin…

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Galaxy Digital CEO backs Bitcoin to hit $100,000 this year - African News - News

Galaxy Digital CEO backs Bitcoin to hit $100,000 this year

Mike Novogratz’s Unwavering Bullish Prediction for Bitcoin: $100,000 by the End of 2021 In a recent interview with Fox Business, Galaxy Digital CEO Mike Novogratz reaffirmed his belief in the bullish potential of Bitcoin, stating confidently that the cryptocurrency will hit a staggering $100,000 by the end of this year. Novogratz emphasized the unparalleled momentum…

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Bitcoin miners’ energy consumption hits new high - Bitcoin News - News

Bitcoin miners’ energy consumption hits new high

Bitcoin Miners’ Unrelenting Appetite for Power: Setting New Records Amid Crypto’s Bull Run As Bitcoin miners gear up for the much-anticipated bull run, their insatiable craving for power is making headlines that could leave even the most steadfast environmentalists questioning the implications. With billions being poured into the latest mining hardware and the countdown to…

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