BlackRock’s Groundbreaking Move: Introducing the First ETF to Buy Bitcoin (October 1, 2021) BlackRock, the world’s largest asset manager, made headlines on October 1, 2021, with its groundbreaking move to launch the first ETF (Exchange-Traded Fund) designed to invest directly in bitcoin. The new fund, named iShares Bitcoin Trust, is set to provide investors with…
Bitcoin’s September Surge: A New Record in History The cryptocurrency market has been witnessing a remarkable surge since the beginning of September 202Bitcoin, the world’s largest and most popular cryptocurrency, has been leading this rally with unprecedented growth. As of now, BTC has reached an all-time high of around $58,000 with a market capitalization of…
Uptober Unleashed: Santiment Reveals Whale Buying Trends for October October, popularly known as Uptober in the crypto community, is a month synonymous with surprises and significant price movements in the cryptocurrency market. Santiment, a leading on-chain analytics platform, has shed light on the whale buying trends that have shaped October’s market dynamics. BTC Whales Accumulating…
Uptober and the US Election: A Preview of Heating Up Bitcoin Options Activity Background As the leaves change color and autumn sets in, the financial world turns its attention to two major events: Uptober, the traditionally volatile month for the stock market, and the US Presidential Election. This year, these events intersect in a unique…
BlackRock Endorses Bitcoin as Unique Diversifier: A New Era for Crypto Investing? Background: The digital currency landscape has been witnessing a significant shift in recent times, with institutional investors showing increasing interest in cryptocurrencies. One of the world’s largest asset managers, BlackRock Inc., has recently made headlines by endorsing Bitcoin as a unique diversifier for…
Revolution in the Making: U.S. Bitcoin ETFs Break New Ground with $$500 Million in Net Inflows Introduction: The cryptocurrency market has been evolving rapidly, and the latest development is the significant inflow of capital into US-based Bitcoin Exchange Traded Funds (ETFs). According to recent reports, these funds have experienced a net inflow of approximately $500…
San Francisco Leads the Way: In the heart of technological innovation, San Francisco continues to push boundaries and set new trends. One such area where the city is leading the charge is in the adoption of cryptocurrency. With over 100 businesses now accepting various cryptocurrencies as a form of payment, San Francisco is quickly becoming…
CZ’s Next Move: Will It Be the Crypto Rally Trigger We’ve Been Waiting For? Czech Republic-based cryptocurrency exchange, Binance, led by its charismatic CEO, Changpeng Zhao, or CZ as he’s popularly known, has been making waves in the crypto space since its inception. With a massive user base and a trading volume that often dwarfs…
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Bitcoin’s recent rally has left many investors and market analysts intrigued, as the leading cryptocurrency surged past the $50,000 mark in mid-February 2023 . With a market capitalization of over $950 billion, Bitcoin’s meteoric rise has re-established its dominance in the cryptocurrency market. However, as with any significant market movement, questions around potential corrections and…
Bitcoin’s Surge to $70,000: A Wake-Up Call for Crypto Short Sellers Bitcoin’s meteoric rise to a new all-time high of $70,000 in early March 2021 has left many crypto short sellers reeling from significant losses. For months, these traders had profited handsomely from bets that the price of Bitcoin would decline. However, their fortunes suddenly…
SEC Chair Gary Gensler Reaffirms Bitcoin’s Status as a Non-Security In a recent interview with CNBC, Securities and Exchange Commission (SEC) Chair Gary Gensler clarified his stance on the regulatory classification of bitcoin and other cryptocurrencies. He reiterated that, in his opinion, bitcoin is not a security under the Howey Test. Implications for Crypto Investors…
Trump’s Victory: The Unforeseen Catalyst for Bitcoin Reaching $1 Million The 2016 U.S. presidential election’s surprising outcome brought about an unforeseen catalyst for the meteoric rise of Bitcoin. The Unexpected Election Result On the night of November 8, 2016, the world watched in shock as Donald J. Trump, a real estate mogul and reality TV…
Bitcoin Hashrate War: US Gains 40%, but China Remains the Leader The ongoing Bitcoin hashrate war between China and the United States continues to shape the landscape of Bitcoin mining. According to recent reports, the US has seen a 40% surge in its share of the Bitcoin network’s total hashrate. However, China still holds the…
BlackRock’s Bitcoin ETF: Unleashing New Opportunities for Gamma Squeeze in the Digital Asset Market BlackRock, one of the world’s largest asset managers, has recently announced plans to launch a Bitcoin exchange-traded fund (ETF). This development is a game-changer for the digital asset market and could lead to new opportunities for gamma squeeze. What is a…
Wall Street’s Embrace: A Double-Edged Sword for Bitcoin? Introduction: The cryptocurrency market has witnessed a significant surge in interest from traditional financial institutions, with Wall Street giants leading the charge. However, this embrace of Bitcoin and other digital assets comes with both advantages and disadvantages for the decentralized currency. Advantages: The involvement of Wall Street…
SEC Greenlights BlackRock’s Bitcoin ETF: A New Era for Crypto Trading Background The U.S. Securities and Exchange Commission (SEC) has made a groundbreaking decision to approve the first-ever Bitcoin exchange-traded fund (ETF) proposed by financial heavyweight BlackRock. This announcement comes after years of anticipation and numerous applications rejected by the regulatory body. The Proposed ETF…
Microstrategy’s $700M Bitcoin-Backed Convertible Notes Offering: A Bullish Signal for the Crypto Market? Background Microstrategy, a leading news-finder.com/category/business-and-finance/business/” target=”_blank” rel=”noopener”>business intelligence company, made headlines in August 2020 when it announced its strategic investment of $250 million in Bitcoin. This bold move was the largest corporate purchase of the cryptocurrency at that time. Fast forward to…
Bhutan’s Groundbreaking Move: Transparent Bitcoin Holdings by the Government In a revolutionary and transparent move, the Government of Bhutan has recently announced that it will be holding its Bitcoin reserves in a publicly accessible wallet. This decision marks a significant departure from the traditional secretive approach of most governments when it comes to their cryptocurrency…
From Skepticism to Bullishness: Larry Fink and BlackRock’s About-Face on Bitcoin Since its inception, Bitcoin has been a subject of intense debate among the financial community. While some have hailed it as the future of money and investing, others have dismissed it as a speculative bubble. One notable skeptic was Larry Fink, the CEO of…
