Month: March 2024

BlackRock seeks to purchase more Bitcoin ETFs

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Investment giant BlackRock has filed a new application with the U.S. Securities and Exchange Commission (SEC) to buy more Bitcoin (BTC) ETFs. According to an updated filing on the regulator’s website, BlackRock wants to buy more Bitcoin ETFs for its Strategic Income Opportunities Fund. “The Fund may acquire shares in exchange-traded products (“ETPs”) that seek to reflect generally the performance of the price of bitcoin by directly holding bitcoin (“Bitcoin ETPs”), including shares of a Bitcoin ETP sponsored by an affiliate of BlackRock.” BlackRock filing BlackRock’s fund, listed under the…

MicroStrategy’s MSTR stock jumps 23% as it unveils $600m offering to buy more Bitcoin

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The largest corporate holder of Bitcoin, MicroStrategy, is about to become even larger with the latest $600 million offering in convertible notes to buy more crypto. MicroStrategy wants to sell $600 million in convertible senior notes to buy more Bitcoin (BTC) as the largest crypto by market capitalization nears its all-time high. According to a press release on MicroStrategy’s official website, the latest offering due 2030 will be to qualified institutional buyers only. The Virginia-headquartered business analytical software provider also plans to grant initial purchasers of the notes an option…

Bitcoin Miner Bitdeer Says It Has Launched Its ‘First Cryptocurrency Mining Chip’

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Bitdeer, a bitcoin miner, recently announced the launch of what it refers to as its “first cryptocurrency mining chip.” Bitdeer claimed that the chip could potentially improve bitcoin mining performance without excessive power consumption. New Rig to Help Bitcoin Miners Minimize Operational Costs Bitdeer, a leading bitcoin mining firm, has launched what it describes as […] Original

Ark Invest sells $31m in Coinbase, buys Meta amid Bitcoin rally

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Ark Invest, led by Cathie Wood, has sold nearly $31 million worth of Coinbase shares as Bitcoin approached a new all-time high, nearly reaching the $69,000 mark on March 4. The investment manager executed the sale of 134,749 Coinbase shares across three of its exchange-traded funds (ETFs): ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and Ark Fintech Innovation ETF (ARKF), with the transaction valued at $30.88 million. Following the sale, Coinbase shares saw a significant increase, rising 11.4% to $229.15 in regular trading on the day and…

Deribit’s Bitcoin Volatility Index Signals Price Turbulence, Hits 16-Month High

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

PEPE and Sponge Meme continue to explode amid market frenzy

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. In a recent surge, Pepe’s value jumps over 50%, hitting a $2.6 billion market cap, while Sponge also climbs by 24%. PEPE price booms but analyst warns to “stay away” Pepe has witnessed monumental success, soaring by 51% today, 359% this week, and 574% this month. Currently trading at $0.000006314, the project reclaimed its May ATH yesterday, displaying significant momentum and entering price discovery mode. The move was sparked…

Russian Digital Ruble Pilot ‘on Track,’ Registers About 25K Transactions

Elvira Nabiullina, Governor of the Bank of Russia, stated that the current pilot test of the Russian digital ruble was “on track,” with several operations being tested, including opening wallets, and interactions with smart contracts. Nabiullina revealed that over 25,000 transactions were registered, and confirmed the pilot expansion later this year. Russian Digital Ruble Pilot […] Source CryptoX Portal

BRICS Will Create Payment System Based on Digital Currencies and Blockchain: Report

“We believe that creating an independent BRICS payment system is an important goal for the future, which would be based on state-of-the-art tools such as digital technologies and blockchain. The main thing is to make sure it is convenient for governments, common people and businesses, as well as cost-effective and free of politics,” Kremlin aide Yury Ushakov said in an interview with TASS. Source

Bitcoin On The Brink, Price Soars Above $68,000

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On Monday, a flood of capital brought Bitcoin within striking distance of record values, sending it soaring to a two-year high and breaching past $68,000. At its peak, the price was $68,800. At the time of writing, Bitcoin was trading at $67,980, up 6.6% and 20.6% in the daily and weekly timeframes, data from Coingecko shows. In recent weeks, as investment in bitcoin funds listed in the United States has increased dramatically, the value of the biggest cryptocurrency by market cap has increased by half this year. Bitcoin Heating Up…