Cryptocurrency

This week was a real belt-buster on so many levels. Federal Reserve Chair Jerome Powell finally gave a portion of the market what it wanted by tossing out a 50 basis point interest rate cut. The S&P 500 hit another all-time high and gold remains in up-only mode. In response to the policy shift and […]

The government of Bhutan is currently holding over $828 million in bitcoin, according to onchain data by Arkham Intelligence. “Unlike most governments, Bhutan’s BTC does not come from law enforcement asset seizures, but from bitcoin mining operations, which have ramped up dramatically since early 2023,” the crypto intelligence firm explained. Bhutan Revealed as a Major Bitcoin Holder […]

Bitcoin shot up this week following long-expected cuts from the Federal Reserve Wednesday. The biggest digital coin is now priced at $63,125 per coin, according to CoinGecko—a more than 5% seven-day rise. The price jump came after Jerome Powell announced that the central bank would be cutting by 50 basis points, while some were expecting […]

The United States Securities and Exchange Commission (SEC) gave Nasdaq the go-ahead to list and trade shares of options for BlackRock’s spot Bitcoin exchange-traded fund, or ETF. In a Sept. 20 notice, the SEC approved options trading for the iShares Bitcoin Trust under the ticker symbol IBIT on Nasdaq. According to Nasdaq, the exchange will allow […]

The U.S. Securities and Exchange Commission (SEC) has just granted approval for the listing and trading of options on BlackRock’s spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT). The approved options on the iShares Bitcoin Trust will be physically settled, meaning that when the option is exercised, Bitcoin will be delivered to fulfill the contract. […]

The U.S. Securities and Exchange Commission has approved listing and trading of options for asset manager BlackRock’s spot bitcoin exchange-traded fund on the Nasdaq. Options trading for BlackRock’s fund iShares Bitcoin Trust has been approved with ticker symbol “IBIT”, the regulator said in a notice on Friday. The index options – listed derivatives offering a […]

Bitcoin rallied nearly 6% after the world’s largest asset manager issued a white paper highlighting the digital asset’s potential as a hedge against monetary and geopolitical risks. BlackRock published a Bitcoin white paper on its appeal to investors as a “unique diversifier” that is detached from traditional fiscal and geopolitical risks. The Bitcoin price bottomed […]

In the face of a $35 trillion federal debt crisis, global asset manager BlackRock Inc. BLK strategically advocated for Bitcoin BTC/USD as a safeguard, potentially raising the upside potential of the world’s largest cryptocurrency. What Happened: BlackRock noted concerns about the spiraling $35 trillion U.S. fiscal deficit, attributing it as a significant driver of growing […]

Cryptocurrencies rose as part of a broad market rally Thursday, one day after the Federal Reserve delivered a half-percentage-point reduction in interest rates, the first in more than four years. The price of bitcoin was recently higher by 5% at $63,255.00, according to Coin Metrics, building on a rally underway before the central bank decision Wednesday. Bitcoin, […]

Bitcoin reclaimed $60,000 on Tuesday as investors awaited details of the Federal Reserve’s rate cutting plans. The price of the flagship cryptocurrency was last higher by 4.3% at $60,394.41, according to Coin Metrics. At one point, it rose as high as $61,335.83. It got an initial lift on Monday night as former President Donald Trump […]