Day: January 2, 2023

Bitcoin Celebrates the New Year With Old Pricing, Holds Steady at $16.7K

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Ether followed BTC’s Monday path to stick in its own two-week range between $1,150 and $1,230. The second largest crypto by market value was recently trading at about $1,215, a 1.3% gain from Sunday, same time. Other major cryptos spent the day largely in the green with XRP, the token of the XRP open source public blockchain, XRP Ledger, and MATIC, the token of layer 2 platform Polygon Network, rising more than 4% and 3%, respectively. Original

Valkyrie Investments Wants To Take Over Grayscale Bitcoin Trust, Reveals Plans

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The state of the Grayscale Bitcoin Trust (GBTC), the largest BTC trust in the world, has sparked concerns among investors in the space. With such a large discount to net asset value (NAV), there have been discussions on where the fund goes from here and if it is in trouble. Valkyrie Investments has now joined the conversation but is taking an entirely unexpected route. Valkyrie Wants The Grayscale Bitcoin TRUST In a statement that was released on Dec. 28, co-founder and CIO of Valkyrie Investments Steven McClurg revealed the company’s…

Past, Present, And Future With Ben Lilly

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2022 is coming to an end, and our staff at NewsBTC decided to launch this Crypto Holiday Special to provide some perspective on the crypto industry. We will talk with multiple guests to understand this year’s highs and lows for crypto. In the spirit of Charles Dicken’s classic, “A Christmas Carol,” we’ll look into crypto from different angles, look at its possible trajectory for 2023 and find common ground amongst these different views of an industry that might support the future of finances. Ben Lilly: “ (…) for fundamentals… Nothing…

Where will Bitcoin price go in 2023?

Bitcoin (BTC) had a bumpy ride throughout 2022, along with the rest of the digital asset market. The cryptocurrency began the year exchanging hands around $46,700 and is currently trading over 64% down at $16,560 at the time of writing. Consequently, the coin’s market capitalization took a tumble from around $900 billion on Jan. 1, 2022 to end the year at around $320 billion. Bitcoin Price Trend in 2022 While Bitcoin’s drop in price could be attributed to the extraordinary circumstances that the entire cryptocurrency market has been through this…

‘Tracers in the Dark’ presents a fun crime story — and lesson in privacy

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On its surface, Andy Greenburg’s new book, Tracers in the Dark: The Global Hunt for the Crime Lords of Cryptocurrency, is a standard crime story. Fans of true crime podcasts will enjoy the crypto version and get a seat in the Federal Bureau of Investigation van as United States federal agents track down criminals through their crypto transactions. The first story recounted is that of a crooked Drug Enforcement Agency agent who stole funds from the online drug market Silk Road. It also addresses the hunt for Dread Pirate Roberts,…

What Went Wrong? – News Bitcoin News

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Nayib Bukele, president of El Salvador and die-hard Bitcoin enthusiast, formulated a series of predictions about the behavior of bitcoin and the crypto ecosystem for the past year. These included the top price of bitcoin, the influence of the cryptocurrency on U.S. elections, the issuance of the volcano bonds, and also the construction of Bitcoin City. However, he missed the mark on most of them. Bukele’s Predictions for 2022 The president of El Salvador, Nayib Bukele, one of the biggest promotors of bitcoin in Latam, and the man…

New year, same old troubles — The FTX saga continues in 2023: Law Decoded, Dec. 26-Jan. 2

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Having been granted the opportunity to enjoy Christmas and the New Year with his family, former FTX CEO Sam Bankman-Fried has very few reasons for optimism in 2023. Although having been granted the opportunity to enjoy Christmas and the New Year with his family, former FTX CEO Sam Bankman-Fried has very few reasons for optimism in 2023. The United States Department of Justice has launched an investigation into the whereabouts of approximately $372 million in missing digital assets from FTX and its U.S.-based subsidiary, FTX US. According to SBF, the…