China News Official TheBitTimes.com

Bitcoin is in line to benefit from a tsunami of institutional capital, says Dan Tapiero, while Ethereum is also due an ETF boost. Bitcoin (BTC) faces a “torrent” of institutional inflows in the run-up to a United States exchange-traded fund (ETF) approval. That is the perspective of Dan Tapiero, founder and CEO of 10T Holdings, who has joined the bulls eyeing a sea change in institutional Bitcoin adoption. Tapiero: Mass capital inflows "about to hit" Bitcoin As excitement over the potential go-ahead for a U.S. Bitcoin spot price ETF grows, BTC price action has reacted in kind. As BTC/USD hit 18-month highs, meanwhile, institutional tides are already showing signs of shifting. Open interest on CME Group’s Bitcoin futures markets — the classic institutional venue for BTC derivatives — passed that of Binance for the first time this week. For Tapiero, this is a watershed moment. “Now begins the renewed drumbeat of ‘ institutional adoption’ of Bitcoin,” he announced on Nov. ...

CME Bitcoin futures hit a 2-year high, but options market data reflects investors’ hesitancy. Bitcoin (BTC) futures open interest at the Chicago Mercantile Exchange (CME) hit an all-time high of $3.65 billion on November 1. This metric considers the value of every contract in play for the remaining calendar months, where buyers (longs) and sellers (shorts) are continually matched. Bullish momentum on CME Bitcoin futures, but cautious BTC options markets The number of active large holders surged to a record 122 during the week of Oct. 31, signaling a growing institutional interest in Bitcoin. Notably, the Bitcoin CME futures premium reached its highest level in over two years. In neutral markets, the annualized premium typically falls within the 5% to 10% range. However, the latest 15% premium for CME Bitcoin futures stands out, indicating a strong demand for long positions. This also raises concerns as some may be relying on the approval of a spot Bitcoin exchange-traded futures ...

BitGo originally announced it was setting up two regulated custodial entities in Germany and Switzerland in February 2020. Major cryptocurrency custody firm BitGo is reportedly expanding its regulatory compliance in Germany more than three years after launching a dedicated local subsidiary. BitGo has obtained a crypto currency license from the German Federal Financial Supervisory Authority (BaFin), according to a Nov. 1 report by Finance Magnates. The firm has been storing crypto assets like Bitcoin (BTC) for its clients since 2019 under the supervision of BaFin as part of a transitional regime, the report notes. The German license secures BitGo's presence in the European market and is an important milestone for BitGo, BitGo Europe managing director Dejan Maljevic said. “BaFin is recognized as one of the world’s key trendsetters in crypto regulation,” Maljevic noted, adding that the license “enables the progress that digital currencies entail while creating a secure regulatory ...

Explore the transformative 15-year journey of Bitcoin, from its humble beginnings in a nine-page whitepaper to its current state as a billion-dollar asset class, as we delve into key milestones, technological advancements, and what the future holds. Although Bitcoin’s official birthday is often celebrated on Jan. 3, when the token was first launched, it was actually 15 years ago today that Bitcoin’s journey started from a nine-page white paper . By all means, 2008 was not a year to remember for most individuals. A historic recession, crippling natural disasters, war, and so much more. As some would argue, the only positive to come from the year of the “great depression” was Bitcoin. Of course, nobody had realized its revolutionary potential just yet. Satoshi Nakamoto’s Bitcoin white paper laid the foundation for a financial transformation that significantly changed the face of digital finances today. From trading at less than a dollar to reaching nearly $70,000 in value,...

Analysts suggest that Bitcoin’s recent surge could be driven by an ongoing liquidity shortage and declining stablecoin market cap.  The ongoing liquidity shortage in the cryptocurrency market has been significantly impacting Bitcoin’s price, which has experienced dramatic fluctuations of over 10 percent in recent weeks. According to research from FalconX, the average volume of Bitcoin trades within a 1 percent price range from its current value has been at its lowest for the year. This comes despite a renewed surge in trading activities, partially ignited by market speculation surrounding the potential approval of a Bitcoin ETF (Exchange-Traded Fund). Bitcoin’s declining exchange reserve How Does Low Liquidity Affect Bitcoin’s Price? In financial markets, low liquidity means fewer buyers and sellers, making it more challenging to enter or exit positions without affecting the market. When liquidity is low, even a small number of trades can have a si...

Bitcoin mining stock s have outperformed BTC prices in the last year. Discover why this has happened and explore the top-performing Bitcoin mining stock s in this guide. The Bitcoin (BTC) market has registered a year-to-date (YTD) appreciation of 75%. Despite its performance, the cryptocurrency’s price has been surpassed by the price of Bitcoin mining stocks. These stocks, which provide a way into Bitcoin without needing direct ownership, have seen their value surge more than 200% YTD, with the upswing coming from positive regulatory developments involving the possible approval of BlackRock’s spot Bitcoin exchange traded fund (ETF). The development has sparked interest in Bitcoin mining stocks, and here we give a brief overview of the sector. Bitcoin mining stocks: what are they? While anyone can engage in BTC mining, the process is often expensive and energy-intensive and has become the forte of several giant Bitcoin mining companies. These firms own large-scale computer opera...

At the Plan B conference on Oct. 21, a panel of Bitcoin (BTC) leaders discussed the opportunities and challenges of increasing Bitcoin adoption globally. The panelists included Luis Buenaventura of TerraMidPhoenix, Paulo Renelle of NamX Payments AG, and Dayan Petrov of Nakamoto Card. A key theme was the difficulty of onboarding new users and merchants in different cultural contexts. Buenaventura gave the example of El Salvador, where despite the country adopting Bitcoin as legal tender, there are still challenges getting merchants set up to accept Bitcoin payments. It’s always something missing, you know? Or, you know how many times it happened in El Salvador? Luis Buenaventura You might also like: Bitcoin price to hit $70k soon, analyst predicts We have situations in which, you know, we have the sticker saying that Bitcoin is accepted here, but then the actual employee is so afraid of just interacting with Bitcoin that they will say, no, no, we don’t accep...

Bitcoin climbed above the $30,500 mark on Monday and is attracting buying pressure this month in October. BTC is moving around the $20,000 to $30,000 range this year giving investors opportunities to book profits in the short term. If the markets are timed well, investors could make decent returns with Bitcoin as the leading cryptocurrency remains volatile. Now that BTC is at the $30,500 mark, will it kick-start a bull run Also Read: Shiba Inu: Early Bitcoin Investor Asks People To Buy & Accumulate SHIB A handful of financial experts are predicting different price points for BTC by the end of the decade. In this article, we will highlight a price prediction by Google Bard on what Bitcoin could be priced in 2030. BTC: What Could 1 Bitcoin’s Price Be in 2030? Source: Pexels The AI bot Google Bard listed a series of price predictions by financial analysts about Bitcoin’s price in 2030. While the AI bot pointed out predictions from Ark Invest that call for BTC to...

Bitcoin’s strong rally to $30,000 may have kick started a sharp recovery in SOL, LINK, AAVE and STX. Bitcoin (BTC) had a good week with prices rising about 10% to reach the psychologically important level of $30,000. After the rally, the question troubling investors is whether the uptrend will continue or is time for a reversal to happen. Trading team Stockmoney Lizards recently said that Bitcoin may soon break above its overhead resistance and start a sharp rally. They believe the approval for the exchange-traded fund will drive mass adoption and trigger the rally before the halving due in April 2024. Crypto market data daily view. Source: Coin360 A positive development this week was that Bitcoin’s strength rubbed off to several altcoins, which surged above their respective overhead resistance levels. This suggests that the sentiment is gradually turning positive and that it may be time to consider buying selectively. Typically, the coins that lead the markets higher are the ones th...

Over the past 24 hours, 41,186 Bitcoin traders were liquidated, according to data from Coinglass. The total value of these forced sell-offs was $112.67 million, highlighting the increasingly bearish sentiment around the cryptocurrency. The largest single liquidation order during this period took place on Binance for $4.53 million worth of Ethereum (ETH) against Bitcoin (BTC). This indicates traders betting on a bounce for Ethereum against Bitcoin, a bet swiftly stopped out. These liquidations come as Bitcoin’s price languishes well below its all-time high. Bitcoin is trading around $27,692, representing a 0.53% drop over the past 24 hours. Over the past seven days, Bitcoin has lost 0.36% as bullish momentum remains elusive. You might also like: Crypto analyst calls for Bitcoin price to blast off Compared to its November 2021 peak of nearly $65,000, Bitcoin is now down over 57%, highlighting the broad crypto downturn that has transpired over the past year. Lingeri...

During an episode of The Joe Rogan Experience, Altman expressed his excitement for Bitcoin and also said he was “super against” CBDCs. OpenAI CEO Sam Altman has called Bitcoin (BTC) a " super logical " step on the tech tree, which is both free of government control while helping to fight corruption. "I’m excited about Bitcoin,” Altman told Joe Rogan during an Oct. 6 episode of  The Joe Rogan Experience podcast. “I think this idea that we have a global currency that is outside of the control of any government is a super logical and important step on the tech tree." The OpenAI boss' wide-ranging interview with Rogan covered his thoughts on Bitcoin as a world reserve currency and his concerns about central bank digital currencies (CBDCs). Altman, who also serves as founder of Worldcoin, said the shift to a “techno logical ly enabled world,” including Bitcoin, could help reduce corruption. Creator of ChatGPT, Sam Altman says, “#Bitcoin is a super logical and im...

Sam Bankman-Fried trial reaches the third day in Manhattan with Adam Yedidia and Gary Wang as witnesses. A young entrepreneur who made mistakes while running a crypto empire or a liar who stole and used people's money to enrich himself? In the first hours of Sam Bankman-Fried's six-week trial, that was the tone between his defense counsel and the prosecution. The former FTX CEO is facing a total of seven charges related to fraud and conspiracy to commit fraud. He could spend over 100 years in prison if convicted of these charges. At trial, Bankman-Fried appeared to be focused on his defense strategy, constantly checking his laptop and attorneys' paperwork. As his defense counsel delivered an opening statement, he turned his focus towards the 12 jurors who will decide if Bankman-Fried intentionally misused its customers' money or if mistakes were made in good faith. Related: Sam Bankman-Fried FTX trial — 5 things you need to know Two witnesses testified on the first day...

Marathon Digital, in particular, produced 1,232 Bitcoin in September, which accounted for a record 4.3% share of Bitcoin miner rewards. Bitcoin miners Marathon Digital, Riot Platforms, and CleanSpark recorded strong Bitcoin production increases in September, leading to a small boost in share prices on Oct. 4. The firm’s balance sheets also strengthened despite Bitcoin’s price (BTC) recording another month of sideways movement — hovering between the $25,100 and $28,500 mark. Marathon's Bitcoin production rises 245% Bitcoin mining firm Marathon Digital produced a total of 1,242 BTC in September — a 16% increase from August and a massive 245% increase from September 2022. The huge spike in BTC production came from a 508% increase in the firm’s installed hashrate from 3.8 exahashes per second (EH/s) in September 2022 to 23.1 EH/s, according to Marathon’s September results. Marathon Digital Holdings’ September #Bitcoin Production Update is here: - Increased Monthly Average Operationa...

Concerns have been raised regarding the legitimacy of profile s claiming to represent Bitcoin’s anonymous creator, Satoshi Nakamoto, and the handle “Bitcoin” on X, formerly Twitter. On Oct. 2, a discussion arose on X regarding two profile s—one claimed to represent the creator of Bitcoin, Satoshi Nakamoto, and the other using the handle “Bitcoin.” Hey @ElonMusk, the @Bitcoin and @Satoshi accounts are in breach of your terms of service for using "misleading and deceptive" identities. Please remove the checkmarks. pic.twitter.com/BCwFMSOfQJ — Pledditor (@Pledditor) October 2, 2023 On Oct. 3, a user named Pledditor raised concerns about certain accounts on X, highlighting their violation of the terms of service. X’s terms explicitly prohibit users from adopting deceptive identities or impersonating real individuals or entities. To illustrate, Pledditor likened this impersonation to creating fraudulent profile s for “Tesla...