Tag: Bitcoin
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SEC Chair Gensler Prioritizes Treasury Market, Caution Prevails for Spot Bitcoin ETFs
Gensler’s Emphasis on the Treasury Market When asked about the status of various spot bitcoin ETF applications, Gensler chose to highlight the significance of the $26 trillion Treasury market. He emphasized its foundational role in the U.S. capital markets, its function in funding the government, implementing Federal Reserve monetary policy, and maintaining the global dominance […]
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Strong Demand for El Salvador’s Freedom Visa Program Driven by Bitcoin Investment
Innovative Program Attracts Attention and Applications The Freedom Visa program, introduced in collaboration with stablecoin issuer Tether, has garnered substantial attention and applications since its unveiling. Foreign investors can obtain Salvadoran residency and citizenship by making a generous donation of $1 million worth of Bitcoin or Tether. ONBTC has seen a remarkable influx of inquiries, […]
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Bitcoin Surges from $16,000 to $44,000 in 2023, Eagerly Awaits Spot ETF Approval
Strong Start to the Year Bitcoin, the largest cryptocurrency by market capitalization, began the year on a positive note. In January alone, it surged by an impressive 37.56%. Starting from $16,604 on December 31, 2022, it climbed to $22,840 by January 31, 2023. Throughout the following months, Bitcoin continued its upward trajectory. While February saw […]
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Franklin Templeton’s Bitcoin ETF Gambit Signals Mainstream Acceptance
Navigating the Bitcoin ETF Labyrinth In September 2023, Franklin Templeton entered the competitive arena of 13 other hopefuls vying for SEC approval. This put them alongside issuers like Pando, each striving to pioneer the Bitcoin ETF space in America. However, the SEC, known for its meticulous approach, has extended the comment period for these applications, […]
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Bitcoin Developer Disputes Role in Labeling Inscriptions a Cybersecurity Risk
Bitcoin Core Developer Dismisses Involvement in CVE List Labeling Bitcoin Core developer Luke Dashjr has clarified his stance on the inclusion of inscriptions on the U.S. National Vulnerability Database’s (NVD) Common Vulnerabilities and Exposure (CVE) list. He denied any role in labeling it a cybersecurity risk and distanced himself from its addition. In a social […]
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Crypto Market Plunges as Bitcoin Drops 8%, Investors Brace for Economic Signals
Bitcoin Plummets by 8%, Wiping Out $353.61 Million in Liquidated Positions In an unexpected turn of events, the crypto market has experienced a sudden and significant decline in the value of digital assets, led by Bitcoin. The price of Bitcoin plummeted by over 8%, nosediving from $43,810 to $40,272 in less than an hour. This […]
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Bonding with Bitcoin: El Salvador Launches Historic BTC-Backed Bonds, Sets Precedent
Crypto Markets Experience Minor Price Declines A touch of red swept over the crypto markets this past week, as tokens like Bitcoin and Ethereum saw minor price declines. However, outliers like BNB managed to notch gains amidst the dip. Overall sentiment remains cautiously optimistic, but given the turbulent macro environment, uncertainty looms. Filtering through the […]
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Bitcoin’s Latest Pullback Signals Deeper Correction, Analyst Warns
Bitcoin Witnesses Abrupt Retracement A highly regarded crypto analyst, known as Altcoin Sherpa, has raised concerns about Bitcoin’s recent pullback, suggesting that it may be an indication of a more significant correction on the horizon. With a substantial following of 201,100 on the social media platform X, Altcoin Sherpa warns that there could be further […]
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2023: Bitcoin Rebounds, Giants Fall, and ETF Approval Looms
Fall of Crypto Giants While 2023 has witnessed bitcoin’s recovery, it has also seen the downfall of several cryptocurrency giants. Binance chief Changpeng Zhao pleaded guilty to breaking U.S. anti-money laundering laws, resulting in a multi-billion dollar settlement with regulators. Voyager Digital’s co-founder also faced regulatory action in the U.S., and Celsius founder Alex Mashinsky […]
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SEC Chair Gensler Faces Lawmakers’ Heat on Crypto Regulation
”’ Bitcoin and the Howey Test House Financial Services Committee Chair Patrick McHenry, R-N.C., pressed Gensler on whether bitcoin should be classified as a security. Gensler clarified that bitcoin is not a security and does not meet the criteria outlined in the Howey Test. The Howey Test, established by a 1946 U.S. Supreme Court case, […]