Flying High: Why Bitcoin Fans Are Buzzing About Hitting $42,069
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Flying High: Why Bitcoin Fans Are Buzzing About Hitting $42,069

“We believe that we invent symbols,” the author Gene Wolfe once wrote. “The truth is that they invent us; we are their creatures, shaped by their hard, defining edges.” Many creatures of the crypto ecosystem, then, rejoiced Tuesday upon news that Bitcoin had pushed past a powerfully symbolic price: $42,069.  The numeric figure, in its combined reference to cannabis culture…

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SEC Is Talking to Bitcoin ETF Contenders—Here’s What It's Likely Saying
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SEC Is Talking to Bitcoin ETF Contenders—Here’s What It’s Likely Saying

The Securities and Exchange Commission appears to be having fruitful discussions with spot Bitcoin ETF applicants. In late November, both crypto asset manager Grayscale and Wall Street titan Blackrock confirmed having meetings with the SEC to discuss their respective Bitcoin ETF applications. Both firms have since submitted amendments to their applications in the form of S-1 filings. And though these…

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Bitcoin price hit 2023 high, so why are retail traders waiting on the sidelines?
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Bitcoin price hit 2023 high, so why are retail traders waiting on the sidelines?

The total market capitalization of the cryptocurrency market surged past $1.55 trillion on Dec. 5, driven by remarkable weekly gains of 14.5% for Bitcoin (BTC) and 11% for Ether (ETH). Notably, this milestone, marking the highest level in 19 months, propelled Bitcoin to become the world’s ninth-largest tradable asset, surpassing Meta’s $814 billion capitalization. Despite the recent bullish momentum, analysts…

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Elon Musk’s xAI files with SEC for private sale of $1B in unregistered securities
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Elon Musk’s xAI files with SEC for private sale of $1B in unregistered securities

Elon Musk’s X-linked AI modeler xAI has an agreement for the private sale of $865.3 million in unregistered equity securities, according to a filing with the United States Securities and Exchange Commission (SEC) made on Dec. 5. xAI filed the SEC’s Form D to allow it to engage in the private sale of securities without registration. The form is used…

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SEC Pushes Grayscale Ethereum ETF Decision Into 2024
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SEC Pushes Grayscale Ethereum ETF Decision Into 2024

The Security and Exchange Commission today said that it will need more than 45 days to evaluate a rule change that would allow Grayscale to convert its Ethereum trust into an Ethereum spot ETF. The new deadline is January 25, 2024. “The commission finds it appropriate to designate a longer period within which to take action on the proposed rule…

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