Reports are emerging that the U.S. Securities and Exchange Commission has rejected one, or possibly two, recent Bitcoin exchange-traded fund applications signaling that the regulator is not quite ready for more exotic futures products just yet. Just a day or so after Valkyrie filed for a leveraged Bitcoin futures ETF and Direxion applied for an inverse fund for bears, the…
The President of El Salvador, Nayib Bukele tweeted earlier today that his government has taken advantage of the recent Bitcoin price drop and added 420 additional BTC to the nations stash. It was a long wait, but worth it, he tweeted, We just bought the dip! Shortly after he tweeted: Were already making a profit off the #Bitcoin we just…
An address with the foresight to purchase $3,400 worth of Shiba Inu (SHIB) last August has seen the value of the coins grow to a whopping $1.55 billion today. In total the unknown person has bought SHIB 44 times since August 2020 with $3200 the largest purchase at any one time and their total holding of 70,200,003,107,594 SHIB is now…
Operation Dark Huntor, a coordinated international effort on three continents to disrupt opioid trafficking on the darknet, has led to the arrests of 150 people. According to the Federal Bureau of Investigation (FBI), the operation has also resulted in the seizure of over $31.6 million in cash and cryptocurrencies. Operation Dark Huntor: 150 Arrests, Crypto and Cash Seized The U.S.…
After reaching new all-time highs it’s customary for Bitcoin (BTC)price see a bit of cooling off in the form of profit taking, consolidation and uncertainty from traders who are cautious about opening new positions at record highs. This appears to be exactly what is occuring this week as Bitcoin price struggles to hold the $60,000 level as support. BTC/USDT 4-hour…
The International Monetary Fund (IMF), along with a string of other financial institutions, really does not like Bitcoin. So, let’s do the usual, thinking through what the IMF is and why it even matters. What Is The IMF? The IMF and the World Bank are like the parallel universe versions of Shaggy and Scooby-Doo. They have no idea what they…
Watch This Episode on YouTube Listen To This Episode: [00:00:07] CK: Svetski has put out some incredible work, some incredible thinking. The article prior to this one was Bitcoiners are the Remnant. We don’t need the masses. I think, I messed that title up. Long story short is you should read that one, as well as ASIC. I’m going to go…
A group of U.S. banking regulators is working on how banks can be allowed to offer crypto services and hold cryptocurrencies on their balance sheets. The chairman of the Federal Deposit Insurance Corporation (FDIC) said, “If we don’t bring this activity inside the banks, it is going to develop outside of the banks … The federal regulators won’t be able…
Nayib Bukele, the president and self-described Emperor of El Salvador, has taken advantage of todays drop in Bitcoin prices to increase his country’s BTC reserves. Bukele announced today on Twitter in English (the lingua franca of the Bitcoin ecosystem, but not his citizens) that he had bought the proverbial dip. BTC, which reached an all-time high above $67,000 last week,…
The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. In a major announcement yesterday, news broke that U.S. banking regulators are exploring a roadmap for traditional banks to hold bitcoin so that…
