Author name: Peter

Grayscale’s GBTC Sees Significant Decrease in Bitcoin Holdings

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Major Outflows Hit Grayscale's GBTC Prior to Wednesday's market opening, Grayscale's exchange-traded fund, GBTC, reported holding 605,890.87 bitcoin in reserves. However, according to the company's most recent update, there has been a significant decrease in GBTC's holdings, with a reduction of 13,793.09 bitcoin, valued at approximately $571 million. Staggering BTC Withdrawals This recent decline in […]

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The European Union Introduces New Rules for Crypto Asset Service Providers

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Introduction The European Union Council and Parliament have reached a provisional agreement to introduce new regulations for crypto asset service providers (CASPs). These regulations will require CASPs to conduct due diligence on their customers and verify information on users whose transactions exceed $1,090 or €1000. The aim is to prevent fraud, organized crime, and terrorist

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Peter Schiff Predicts Sharp Decline in Bitcoin Price Due to New Crypto Regulations

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Introduction Economist and gold bug Peter Schiff has made predictions about the future of cryptocurrency regulations in the United States. He believes that the U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler will soon introduce new and burdensome regulations that will lead to a significant decrease in the price of bitcoin. Schiff anticipates that

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Bitcoin Technical Analysis: BTC Balances Above $42,000 Amidst Downtrend Signals

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Bitcoin Consolidates in the Short Term Bitcoin's 1-hour chart presents a scene of consolidation, with BTC's price movements showing less directionality compared to longer timeframes. Notably, there was a sharp decline to approximately $42,056, possibly indicating a purge of stop-loss orders or a brief panic sell-off following the spot bitcoin exchange-traded fund (ETF) approvals. However,

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Grayscale’s GBTC Holdings Decline as Blackrock, Fidelity Bitcoin ETFs Increase Assets

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Grayscale's GBTC Holdings Decrease According to recent data, Grayscale's GBTC holdings have experienced a significant reduction since the update on their website three days ago. The firm's most recent figures show a withdrawal of over 11,189 bitcoin, valued at approximately $477 million, from GBTC's reserves. This decrease follows similar outflows that occurred on January 11-12,

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NYSE Arca Proposes Options Trading for Bitcoin ETFs in Finance Sector Breakthrough

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Introduction NYSE Arca Inc. has recently made a groundbreaking move by submitting a proposal to amend its rules to allow options trading on commodity-based trust shares, specifically targeting bitcoin-based ETFs. This initiative, outlined in the 19b-4 filing with the SEC, represents a significant advancement in the range of financial products available for crypto investors. The

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Howard Lutnick: Bitcoin to Rally Again with Halving Event, Cantor Fitzgerald CEO Says

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Bitcoin's Stable Performance and Anticipated Growth Howard Lutnick, the CEO of Cantor Fitzgerald, a renowned financial services company, shared his insights on bitcoin and tether during his appearance at the World Economic Forum in Davos. Lutnick drew parallels between the excitement surrounding spot gold exchange-traded funds (ETFs) and the expected trajectory of bitcoin. Lutnick observed

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