Ethereum 

Bitwise Withdraws Bitcoin ETF Application with SEC

Bitwise Asset Management has withdrawn its longstanding Bitcoin ETF application with the SEC, after the proposal was rejected by the commission in October. Bitwise first filed an application with the US Securities and Exchanges Commission for what would be the first-ever Bitcoin ETF in January of last year, after several other companies had failed with similar proposals. Bitwise’s application was seen as the greatest hope for a Bitcoin ETF given key differentiations between its proposal and ones that had gone before it. The index was intended to take Bitcoin’s value…

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Ethereum 

Bitcoin Jumps to 2-Month High on CME Futures and Options Boost

Bitcoin (BTC) is the subject of increased buying momentum after coming under pressure early in the year. After plummeting to $6,860, the flagship token has bounced back and is currently staring at a 2-month high of $9,000. The 15%+ rally has come at the back of improvements in fundamentals. Bitcoin Futures Boost BTC According to Valiendero Digital Assets founder and CIO Christopher Brookins, Bitcoin was oversold in the fourth quarter. With the bottom firmly in, Brookins expects the coin to continue powering high amidst a confluence of fundamentals and technical.…

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Ethereum 

CME Bitcoin Options Eclipses Bakkt With a Strong Start

CME Group’s Bitcoin options got off to a good start this week with US$2.3 million traded on the first day, eclipsing the slow start made by rival exchange Bakkt. The Chicago Mercantile Exchange (CME) launched its highly anticipated Bitcoin (BTC) options on Monday, with 55 contracts changing hands on the first day alone. An options contract represents a right, but not an obligation, to purchase one Bitcoin futures contract, which represents 5 BTC or approximately US$2.3 million at its current value. CME is a direct rival of Bakkt, a crypto…

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Bitcoin 

Bitcoin SV (BSV) Jumps Another 28%

The crypto space has had a bit of a rollercoaster ride over the course of the past year, during which many cryptocurrencies have had their time in the sun, and one of the more notables tokens to considers in this regard is Bitcoin SV (BSV). Key Drivers In a development that will come as a major boost for investors in the token, Bitcoin SV has managed to break out into a rally on a day on when the wider market has remained largely stagnant. BSV has been in the middle…

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Blockchain 

Libra Exec Boasts Project’s Benefits Over Bitcoin at CES 2020

The vice-chairman of the Libra Association has been touting the benefits of the project over Bitcoin at the Consumer Electronics Show (CES) in Las Vegas. Dante Disparte, the vice-chairman of the non-profit organization overseeing the proposed digital currency led by Facebook (NASDAQ:FB), was speaking at the Digital Money Forum of the CES, where he emphasized Libra’s advantages over Bitcoin, the largest cryptocurrency in the world. “Bitcoin as an asset class has proven that mathematical scarcity can support an incredibly exciting asset,” said Disparte, before adding, “It’s not a means of…

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Bitcoin 

Bitcoin (BTC) Soars Above $8K Mark on Geopolitical Concerns

One of the most remarkable events in the crypto space took place in the first half of 2019 when Bitcoin (BTC) went on a remarkable rally that almost mirrored the rally from 2017. However, the rally soon fizzled out, and it has been a bit of a rollercoaster ride for the world’s biggest cryptocurrency by market cap. That being said, BTC has managed to make a remarkable comeback in 2020, and today it breached the psychologically important level of $8,000. It should also be noted that the token hit its…

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Blockchain 

Bitcoin Set For Breakout Amid Escalating Iran Tensions

Bitcoin could be set for a major breakout as escalating tensions between the US and Iran drive investors to safe-haven assets, with cryptocurrency and gold values surging. Tensions in the Middle East reached a critical point on Thursday after US President Donald Trump ordered a drone strike on a vehicle convoy near Baghdad International Airport, which killed the commander of Iran’s Islamic Revolutionary Guards Corps (IRGC) Quds Force Qasem Soleimani. Widely regarded as the second most powerful figure in Iran, his death has prompted a dramatic escalation of tensions between…

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Ethereum 

Bitcoin Fell in Q4 | Here are Key Factors to Watch in Q1

2019 was a rollercoaster year for Bitcoin, as the world’s biggest cryptocurrency went on an incredible rally in the first half of the year, but then gave up some of the gains. The second half of 2019 proved to be particularly disappointing for the market as BTC failed to reach the heights that had been expected. Bitcoin ended the fourth quarter with a sequential loss of as much as 21.5%, and the fall in the second half of 2019 was pegged at over 33%. It is quite clear that things…

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Blockchain 

Bitcoin (BTC) Suddenly Tumbles Below $7K Mark

The first six months of the year were a remarkable time for the crypto space, as Bitcoin (BTC) went on a rally that was reminiscent of the one that had taken place in 2017. However, times have proven to be a lot tougher since then, and over the past few weeks, the world’s biggest cryptocurrency has experienced plenty of turbulence. In a new development that will likely create more panic among BTC traders, there was a massive selloff in the crypto market. Consequently, the BTC price crashed as well and…

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Blockchain 

Bitcoin Corrects 45% from Highs

After having been in a slumber for most of 2018 and recording steady declines, Bitcoin returned with a bang in the first half of this year. Throughout the first six months of the year, BTC enjoyed an incredible rally that raised visions of unprecedented highs, but this all soon came to a halt. Why the Sudden Fall? Now, the biggest cryptocurrency in the world is in the middle of a major slump, and since its high of $14,000 earlier this year, it has slumped by more than 50%. That being…

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