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Five digital asset ETF products will be listed on the Chicago Board Options Exchange and are scheduled to start trading next week. Investment management firm Ark Invest, led by pro-Bitcoin investment veteran Cathie Wood, has collaborated with exchange-traded product (ETP) provider 21Shares to launch a new suite of digital asset exchange-traded funds (ETFs). The move aims to provide a “robust set of options" for investors looking to get digital asset s into their trading portfolio.  The countdown begins: today, 21Shares and ARK Invest announce the upcoming launch the ARK and 21Shares Digital Asset ETF Suite. The ETF suite uses crypto-specific insights alongside traditional indicators. pic.twitter.com/dkg8aTCtVR — 21Shares Funds (@21shares_funds) November 8, 2023 According to the 21Shares website, the companies will utilize on-chain signals and their crypto-native experience to deliver “long-term capital appreciation” by investing in Bitcoin (BTC) and Ether (ETH) futures ...

80% of Bitcoin addresses are "in the black" at $34,000, while BTC price still trades 50% below its own all-time highs. Bitcoin (BTC) has more wallet addresses in profit than ever before despite BTC price being 50% below all-time highs. The latest data from on-chain analytics firm Glassnode shows a record number of addresses “in the black.” $34,000 BTC price returns over 80% of Bitcoin addresses to profit Bitcoin may be nearing 18-month highs, but its recent gains were already enough to spark significant changes in investor profitability. Per Glassnode data, the number of addresses in profit as of Oct. 30 was 39.1 million. This the highest number ever recorded for Bitcoin, and beats the previous peak of 38.1 million seen in November 2021. At that time, BTC/USD itself traded at all-time highs, and thus 100% of addresses in existence with a non-zero balance were in profit . While current spot price remains 50% lower than those levels, total non-zero addresses now number 48.3...

According to the study, a blockchain’s “fullness” is directly related to its security. Researchers from Florida Atlantic University and the University of Mississippi recently published research indicating that blockchains with “full” blocks — especially when there’s a transaction queue — appear to have an added layer of protection against nefarious actors , money launderers, and would-be fraudsters.  Dubbed, “Bitcoin Blocksize, Custodial Security, and Price,” the team’s paper takes a deep dive into the Mt.Gox crash and other instances where cryptocurrency has been stolen from crypto exchanges. The study’s premise lies in the notion that the perpetrators of illicit activity wish to complete laundering transaction s as soon as possible. Per the paper: “This investigation is driven by the following intuition: the closer the blocksize is to the limit, the more likely the next transaction will be published on a later block and not the most current one. When these cybercriminals breach a...

CNBC anchor Joe Kernen’s tweet about the upcoming Bitcoin halving has ignited discussions in the cryptocurrency community, warranting a thorough and unbiased Analysis of its potential market impact and the recent price surge linked to BlackRock Bitcoin ETF rumors. CNBC anchor Joe Kernen recently sparked attention in the crypto community with his enthusiastic tweet, circulated by Bitcoin Magazine, proclaiming, “ prepare for the halving . The halving is coming.” Kernen was referring to the anticipated Bitcoin halving event, a technical occurrence that slashes mining rewards for new Bitcoins in half, which theoretically could lead to a decrease in supply and an upward shift in Bitcoin’s price. JUST IN: CNBC anchor Joe Kernen says "prepare for the halving. The halving is coming." #Bitcoin pic.twitter.com/Eyq6hdTmUF — Bitcoin Magazine (@BitcoinMagazine) October 25, 2023 While Kernen and others are hopeful, a critical perspective is essential, espe...

Arthur Hayes, former CEO of cryptocurrency exchange BitMEX, believes that Bitcoin is already hinting at explosive growth in the future. As the United States increasingly invests in two new wars, the risk of escalation around the world grows, Hayes said in the blog. The US Federal Reserve faces ongoing inflation but has paused interest rate hikes, with a so-called bearish strengthening looming for the economy. “The structural hedging needs of banks and the borrowing needs of the US war machine reflexively feed on one another in the US Treasury market.” Arthur Hayes, former CEO of BitMEX Hayes believes that if long-term US Treasuries do not provide security to investors, then their money will seek alternatives. Gold and, most importantly, Bitcoin (BTC) will begin to rise due to real fears of global inflation during the war, he added. “Once everyone realises the game we are playing, the Bitcoin and crypto bull market will be in full swing.” Arthur Hayes, f...

A surge in CME BTC volumes and open interest highlight institutional investors' growing interest in Bitcoin. Will it be enough to keep the price in the current range? Bitcoin (BTC) price currently battles to hold the $34,000 level after a stellar rally and short squeeze saw its price push above $35,000 on Oct. 23. In an Oct. 24 market update, Capriole Investments founder Charles Edwards noted that after 7 months of consolidation, Bitcoin’s upward move melted the $32,000 resistance “like butter” and he expects that the upcoming monthly resistance is unlikely to be a hurdle. Edwards said: “It would make sense to see either a rapid continuation to mid-range ($43K) or short-term consolidation between support resistance at $32-$35K before continuation.” As Cointelegraph mentioned in an earlier price update, “Successive daily closes above the $31,700 level would be notable, as daily or weekly higher high candles above this level puts the price above a key pivot point and enters territor...

Stablecoin activity has been increasingly occurring through entities that aren’t licensed in the United States, according to Chainalysis. The United States government may be losing regulatory oversight of the stablecoin market , according to a new report by the blockchain research firm Chainalysis. Stablecoin activity has been increasingly occurring through entities that aren’t licensed in the United States, Chainalysis stated in its latest North America cryptocurrency report released on Oct. 23. According to Chainalysis’ findings, the majority of stablecoin inflows to the 50 biggest cryptocurrency services have shifted from U.S. licensed services to non-U.S. licensed services since spring of 2023. As of June 2023, about 55% of stablecoin inflows to top 50 services were going to non-U.S. licensed exchanges, the report stated. Share of stablecoin inflows to U.S. licensed vs. non-U.S. licensed exchanges between July 2022 and June 2023. Source: Chainalysis The study suggested that the ...

Bitcoin has reasserted its dominance over the crypto currency markets, with its market share rising above 49% this week for the first time since April 2021. According to data from The Block, bitcoin ’s share of the total crypto market capitalization has steadily climbed this year, starting in 2023 at around 38% before surging to 48.85% on October 21st. Also read: Shiba Inu Price Prediction (SHIB): October End 2023 Bitcoin prices up by 71% for the year While the overall crypto market has declined in value, BTC prices are still up 71% for the year. “Bitcoin is holding strong in current market conditions and has actually been performing well for much of this week,” said Rebecca Stevens of The Block Research. Many investors appear to be minimizing risk by piling into bitcoin as global uncertainty intensifies, according to Stevens. Surging inflation, geopolitical tensions, and political strife continue to rattle traditional markets. With its brand pow...

According to crypto Analysis firm Santiment, the number of Bitcoin (BTC) wallets with more than 100 BTC recently saw the most significant single-day jump in 2023. As per the data, wallets with over 100 BTC have reached a whopping 15,970 as of last Saturday. The cost of 100 BTC at current price levels is around $2,845,100 ($2.8 million). 🐳 #Bitcoin's number of wallets holding at least 100 $BTC has jumped to 15,970 after the largest single day jump of 2023 on Saturday. Since this accumulation, $BTC's price is +5.3%, and they may not be done. We will continue to monitor. https://t.co/l0drhvkf7E pic.twitter.com/0mDAmys7N4 — Santiment (@santimentfeed) October 18, 2023 Also Read: Tesla Sold None of Their $312,000,000 Bitcoin in Q3 2023 The jump also coincides with a jump in accumulation among big pro-BTC firms such as Tesla and Microstrategy. According to analyst Ali Martinez, these firms acquired the original crypto around the $25k-$30k level. Hence, this p...

“Within the cryptocurrency sphere, the current gravitational force remains firmly tethered to BTC,” declared Vetle Lunde, the senior analyst at K33. The relatively lackluster performance of nine recently introduced Ethereum futures exchange-traded funds (ETFs) has stirred the analysts at K33 Research to advocate for a strategic “return” to Bitcoin. In their market report dated October 3rd, analysts Anders Helseth and Vetle Lunde articulated the imperative to “apply the brakes to ETH and pivot back to BTC.” They underscored this viewpoint by highlighting that the initial trading volume of Ether futures ETFs merely amounted to 0.2% of the monumental figures achieved by the ProShares Bitcoin Strategy ETF (BITO) on its inaugural trading day in October 2021. While acknowledging that nobody anticipated the initial trading volume of Ether futures ETFs to come close to the levels seen with Bitcoin futures ETFs, the disappointing debut figures were descri...

The CEO of Lightning Koffee launched the coffee startup in October with the aim of onboarding Medellín's businesses to Bitcoin. José Luis Garcia is a coffee -lover and entrepreneur trying to make his mark in the city of Medellín — the birthplace of Colombia’s modern coffee industry. Since the October launch of his start-up Lightning Koffee, Garcia has two goals in mind: Make a decent cup of joe and spread the word about Bitcoin (BTC). His coffee beans — which he's called “The Bitcoiners Coffee” — are sourced and processed locally and are known for having a sweet after-taste. Garcia believes his Colombian coffee can serve as a bridge for his fellow Paisas (Medellín locals) to lessen their reliance on the unpredictable Colombian peso and lean more toward adopting Bitcoin. “We have the best coffee in the world and I want my coffee brand to spread the word about Bitcoin so that other businesses will begin to receive it too,” Garcia said in an interview with Cointelegraph. He ...

In a fiery Twitter exchange that took place recently, tech titan Elon Musk responded to the imminent removal of the bitcoin (BTC) tipping app Damus from Apple’s App Store. The social media platform Damus, backed by former Twitter CEO Jack Dorsey, received a warning from Apple to fall in line with the company’s guidelines or face expulsion. Musk’s response on his Twitter criticizes Apple: If Apple competes against the whole world, Apple will have the whole world against it. This is not a winning scenario. — Elon Musk (@elonmusk) June 13, 2023 Apple’s guideline skirmish with Damus The catalyst for this exchange was an announcement by Damus that Apple had warned the app of its potential removal from the App Store. In an email, Apple indicated that the app’s version 1.4.3 did not meet the review guidelines. More specifically, the issue appears to be with Damus’s tipping function, which allows users to send “tips” to digital con...

A sixth Binance executive has announced their resignation, adding to the troubled crypto exchange’s woes. On Monday, it was confirmed that Mayur Kamat, Binance ’s global head of product, would be leaving after just over 16 months.  Explaining his departure, Kamat told The Block, “I have worked closely with product leads to ensure a seamless transition. It is also a good time for me personally to take some time off after 20 years of non-stop product work.” He thanked Binance, its chief exec Changpeng Zhao (CZ), and the leadership team for “an experience of a lifetime.” Binance’s troubles reportedly spurred executive resignations Five other executives have quit working at Binance recently: Asia-Pacific head Leon Foong (resigned August 31) Compliance executive Steven Christie (resigned July 7) Chief strategy officer Patrick Hillmann (resigned July 6) General counsel Hon Ng (resigned July 6) US-based chief business officer Yibo Ling (resigned July 6) According to F...

Bitcoin and most altcoins gave back the entirety of their gains shortly after the SEC decided to delay issuing a decision on all of the recently filed spot Bitcoin ETF applications. Bitcoin’s (BTC) volatility has increased over the past few days. The price soared on Aug. 29 after Grayscale scored a victory over the United States Securities and Exchange Commission (SEC). However, the euphoria was short-lived as the price gave back all the recent gains on the news that the SEC delayed the decision on all seven spot Bitcoin exchange-traded fund applications.  News related to Bitcoin ETFs has been the major trigger for the markets in the past few days. Bloomberg ETF analysts remain upbeat over the possibility of the ETFs being approved by the regulator in 2023. In an Aug. 30 post of X (formerly Twitter), Bloomberg senior ETF analyst Eric Balchunas bumped up the approval possibility of a spot Bitcoin ETF from 65% to 75%. Daily cryptocurrency market performance. Source: Coin360 In the near ...

The most prominent crypto saw a spike in trading volume as investors quickly reacted to the much-publicized Grayscale Investments’ win against the Securities and Exchange Commission (SEC). advertisement The ruling made by the appeals court permits Grayscale to convert its  Bitcoin Trust (GBTC) product to a spot Bitcoin exchange-traded fund (ETF) upon approval by the SEC. Many analysts, opinion leaders, and experts in the crypto industry believe that the approval of a spot BTC ETF and the upcoming halving would fuel the next bull run anticipated in 2024/2025. However, the SEC has continued to reject proposals citing volatility and possible market manipulation among other reasons for not giving the greenlight. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...

Bitcoin (BTC) has been consolidating between $25,800 and $26,100 since Aug. 18. However, market intelligence data suggests that the flagship cryptocurrency is undervalued . According to Santiment, Bitcoin’s market value over realized value (MVRV) ratio on a 30-day moving average has dropped by 8.49%. This suggests that the asset’s price is currently undervalued at this point. Even when traders are praying that markets fall so they can get discounted #Bitcoin, many feel second thoughts when presented with the actual opportunity to #buythedip. Our latest insight covers the sentiment shift as a result of last week's drop. https://t.co/bJs0KLd7d1 pic.twitter.com/9wxJB4RI5A — Santiment (@santimentfeed) August 22, 2023 Buy the dip? On the other hand, the social volume for the term “buy the dip” has dropped significantly after it skyrocketed last week. Per Santiment, the optimism for a “quick market recovery” has faded. You might also like: SpaceX’s Bitcoin dump tri...

The Bitcoin mining sector experienced a significant revival after the bear market of 2022. However, the escalated energy usage and expenses associated with mining operations have raised alarms for various governments. While certain regulators are implementing strategies to enhance the efficiency of mining, others are grappling with heightened production costs for each Bitcoin. A recent CoinGecko report revealed that concerning household electricity expenses, Europe encompasses nine out of the ten lowest-ranking countries where Bitcoin mining faces the least favorable economic conditions. The report further reads, “The average household electricity cost to mine 1 Bitcoin is $46,291.24, which is 35% higher than the average daily price of 1 BTC in July 2023 [$30,090.08].“ The study also indicated that a mere 65 nations yield profitability for individual Bitcoin miners when considering only household electricity costs. Out of these, 34 nations are situated in Asia. Europe had a m...

Will Next Support Hold for BTC Price? Despite trading sideways for an extended period, Bitcoin ’s stability is now threatened. The current support level is $27,718.15, while the resistance level is $29,192.26. With a 24-hour trading volume of $21,294,148,208, Bitcoin has seen a 3.75% drop in the last day. Despite the dip, Bitcoin remains the top-ranked cryptocurrency, boasting a live market cap of $543,844,429,644. advertisement              BTC/USD 1-day price chart, Source, Coinmarketcap The release of the latest Federal Reserve minutes on August 16th has further sharpened the focus of Bitcoin bears, with buy-side interest declining and sending BTC/USD to near two-month lows of $28,300.  Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...