“The government is proceeding I think with caution,” said Bowler, who holds the most senior rank for his civil service department. “There’s a number of issues around privacy, financial inclusion, whether there’s limits, monetary policy and interest and the consultation is out on that and you’ll hear more about it tomorrow.” Source
Amid the current market turmoil, the Bitcoin Fear & Greed Index has continued on a sharp decline. This decline has seen the index fall to its lowest level in over three months as crypto investors become more fearful and hold their investments from the market. Bitcoin Fear & Greed Index Takes A Nosedive In the months leading up to the end of the year 2023, the Bitcoin Fear & Greed Index climbed steadily until it reached high greed levels. Now, this index takes a number of factors into consideration to…
Not including any flows today, Bitwise holds 11,858 bitcoins worth roughly $474 million at the current bitcoin price just under $40,000. The asset manager is the most successful crypto-native ETF issuer so far with $518 billion of inflows in the past eight days. Only spot ETFs from BlackRock and Fidelity have seen more inflows, roughly $1.8 billion and $1.5 billion, respectively. Original
The Bitwise Bitcoin ETF (BITB) has published the on-chain addresses of its holdings – the first issuer to do so among the 11 approved funds. This major decision enables public verification of BITB’s holdings and flows directly on the blockchain. The move by Bitwise aligns with the core ethos of Bitcoin (BTC), which emphasizes transparency and open verification. Bitwise also expressed its ambition to expand these efforts. Collaborations with firms like Hoseki are on the horizon, aiming to provide real-time cryptographic attestations. Announcement: Today the Bitwise Bitcoin ETF (BITB) becomes…
The ongoing saga of the Mt. Gox exchange casts a shadow over the Bitcoin community, even years after its dramatic collapse. Recent developments have stirred the pot again, with Mt. Gox reaching out to former users to confirm ownership of accounts linked to Bitcoin payments. This move comes amid ongoing efforts to compensate creditors, primarily in Japanese yen, through their PayPal accounts. With the repayment process expected to continue this year, the crypto community remains on edge regarding the implications of releasing Mt. Gox’s substantial Bitcoin holdings, amounting to 142,000…
Hut 8 Corp. counters an activist short-selling firm’s report, asserting the allegations as misleading and affirming its financial stability and operational integrity. Hut 8 Corp., a leading North American digital asset mining company, rebuffed allegations made by a short-selling firm JCapital Research, labeling them “false and misleading.” The paper criticized Hut 8’s business practices and management, but the company counters these claims as inaccurate and speculative. Hut 8, also a provider of high-performance computing infrastructure, dismissed the report as an attempt to tarnish its reputation and undermine its share price…
Earlier this week, a federal judge asked attorneys with the U.S. Securities and Exchange Commission why – “big picture” – there wasn’t any sort of uniting regulation addressing crypto. Source
Fred Krueger, an investor and crypto analyst, is predicting a “vicious” Bitcoin (BTC) rally shortly. He cites the recent unprecedented accumulation of the coin by Wall Street heavyweights. This surge in institutional interest coincides with the recent approval of the first spot Bitcoin ETFs by the United States Securities and Exchange Commission (SEC). Wall Street Ramping Up Bitcoin Purchase In a post on X, Krueger pointed to the substantial Bitcoin purchases by major financial institutions, including Fidelity Investments, BlackRock, and Ark Invest. To illustrate, the analyst noted that Fidelity was buying…
Since we turned neutral on the Bitcoin Trend Indicator (from significant uptrend, on Jan. 18), and front-end US interest rates have risen 5bps, we’ve fallen lower about 4.5% lower to 39.5k, and lie back in the middle of the bitcoin (BTC) price trend channel established at the crypto winter bottom in Dec 2022. Source CryptoX Portal
So-called “monolithic” blockchains, including Ethereum, are vertically integrated, with functionality for transaction execution, security and data storage all included. But developers are increasingly turning to “modular” designs, where networks can strap together different components and providers to serve the various functions. Source