El Salvador unveils BTC ‘Freedom Visa’ — but it’s 10x the cost of others

El Salvador has launched a new citizenship-by-investment program that grants a residency visa and pathway to citizenship for 1,000 people willing to stump up a $1 million Bitcoin (BTC) or Tether (USDT) investment in the country. The Central American country’s price tag for citizenship, however, appears far more expensive than those in neighboring Caribbean countries — which start at $100,000. El Salvador’s government and stablecoin issuer Tether announced the program on Dec. 7, dubbed the “Adopting El Salvador Freedom Visa Program.” It offers 1,000 citizenships to wealthy investors who pledge…

Hive Digital says BTC miners bought last Dec have already paid themselves off

Bitcoin (BTC) miner Hive Digital Technologies says the move to acquire a fleet of Bitmain mining rigs last year has already paid for itself, due in large part to a significant increase in the price of Bitcoin.  In a Dec. 8 statement, Hive Digital wrote that it had been acquiring mining rigs since the collapse of FTX, a decision it believes will put it in a favorable position for the upcoming Bitcoin halving, currently slated for April 2024. 276.3 Bitcoin produced from ASIC and GPU mining operations, representing an average…

Bitcoin options data shows whales betting big — Will $50K BTC come in January?

Bitcoin (BTC) options open interest reached an unprecedented milestone, surging to a staggering $20.5 billion on Dec. 7. This remarkable achievement signifies the active involvement of institutional investors in the cryptocurrency space. Unlike futures contracts, BTC options come with predetermined expiration prices, offering valuable insights into traders’ expectations and the markets’ sentiment. At the forefront of the Bitcoin options market stands Deribit, boasting an impressive 90% market share. The exchange currently holds a substantial $2.05 billion open interest for options expiring on Jan. 26. However, it’s worth noting that a…

Sam Altman-linked Meanwhile Advisors creates BTC private credit fund

Bitcoin life insurance innovator Meanwhile Group has come out with a private credit fund denominated in Bitcoin (BTC). The closed fund will offer investors a “conservative” yield in Bitcoin and lend funds in BTC to institutional counterparties at the managers’ discretion.  Meanwhile Advisors are targeting a 5% yield on the Meanwhile BTC Private Credit Fund term. By vetting loan recipients, the fund “effectively mitigates” the risk associated with retail platforms that provide loans predominantly to individuals, the company said in a statement. Related: Coinbase launches crypto lending platform for US…

Bitcoin price continues to drop, but how are pro BTC traders positioned?

Bitcoin (BTC) has experienced a remarkable 15.7% price surge in the first six days of December. This surge has been heavily influenced by the anticipation of an imminent approval of a spot exchange-traded fund (ETF) in the United States. Senior Bloomberg ETF analysts have expressed a 90% probability for approval by the U.S. Securities and Exchange Commission, which is expected before Jan. 10. However, Bitcoin’s recent price surge may not be as straightforward as it seems. Analysts have failed to consider the multiple rejections at $37,500 and $38,500 during the…

OpenAI CEO Sam Altman-Backed Crypto Startup Meanwhile Starts Bitcoin (BTC) Private Credit Fund With 5% Yield

“A thriving Bitcoin economy is inevitable, but to realize this future and maximize its potential, robust capital markets are essential,” Zac Townsend, co-founder and CEO of Meanwhile Group, said in the press release. “This private credit fund offers unparalleled potential for institutional investors to unlock the full value of their BTC holdings without compromising their ownership, seizing a unique opportunity for optimized returns.” Source

Bitkey Bitcoin (BTC) Wallet Now Available for Pre-Order

The app and hardware device form two of the three keys used to secure a customer’s bitcoin, with the third stored on Bitkey’s servers. The third key is used to verify transactions made by customers using only their phone (when they don’t have the hardware device to hand) and to recover their wallet if they lose their phone, device or both. Source

Craig Wright’s Tulip Trading Must Prove Ownership of Bitcoin in Hacking Case vs BTC Developers, English Court Rules

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Bitcoin Price’s (BTC) Next Move Might Depend on Interest Rate Outlook

Economists are expecting Friday’s report to show a job gain of 185,000 in November, with the unemployment rate flat from October at 3.9%. A sizable miss to the downside is likely to reinforce bets about lower interest rates and might provide the fuel for bitcoin’s run to $50,000. The flip side, however – jobs added of 200,000 or more – might prompt a reversal of those rate cut bets and take a chunk out of bitcoin’s recent rally. Original