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Valkyrie Goes for a Leveraged Bitcoin Futures ETF Dubbed ‘BUFD’ in Regulatory Filing

Asset management firm Valkyrie filed an application to a US regulator to launch a leveraged bitcoin futures ETF with an interesting ticker symbol.The Valkyrie Bitcoin Futures Leveraged Strategy ETF, with the ticker symbol BTFD, would not invest directly in bitcoin, and instead seeks to benefit from...

, by Sarah Wynn

Bitcoin Mining Set to Hit New Record High – What’s Driving the Surge?

The Bitcoin mining difficulty is about to be adjusted to a fresh record high, reflecting a continued rise in the number of mining machines competing to secure the network.According to data presented by CoinWarz.com, the BTC mining difficulty will be lifted from its current level of 49.55 trillion...

, by Michael Davis

Bitcoin Network in Flux as BRC-20 Craze Sends Transaction Fees Towards Multi-Year Highs – What Next for BTC Price?

The Bitcoin network is in flux amid a surge in the popularity of BRC-20 tokens, a new Bitcoin blockchain-based fungible token standard inspired by the Ethereum blockchain’s ecosystem of ERC-20 tokens.The BRC-20 standard, which was developed and deployed by a pseudonymous Twitter user by the...

, by Michael Davis

This Metric of Bitcoin (BTC) Price Momentum Just Fell to its Lowest Since March – Is Now a Good Time to Buy?

A key metric that measures momentum in the Bitcoin price just fell to its weakest level since March.Last week, Bitcoin’s Z-score to its 200-Day Moving Average fell under 1.0, where it has remained more or less ever since.That means that the current Bitcoin price is only just under one...

, by Michael Davis

Bitcoin Dominance Reaches Two-Year High Amid Regulatory Challenges for Altcoins

Bitcoin’s share of the overall crypto market capitalization, the so-called Bitcoin dominance, is nearing a two-year high amid a regulatory crackdown on altcoins and crypto companies in the US.As of Friday at press time, the Bitcoin dominance stood at 47.8%, just below a short-lived peak from...

, by Fredrik Vold

Marathon Digital Served with Additional SEC Subpoena for Alleged Violations

Bitcoin (BTC) mining firm Marathon Digital has been served with an additional subpoena by the US Securities and Exchange Commission (SEC) over alleged securities laws violations.The violations referred to in the subpoena are related to a mining facility built by Marathon Digital in Hardin, Montana...

, by Fredrik Vold

Tether Plans Bitcoin Mining in Uruguay

Tether is launching Bitcoin mining in Uruguay. Tether, the company behind the largest stablecoin by market cap, said the move “showcases” its commitment to energy innovation and the future of crypto, in an announcement on Tuesday. "By harnessing the power of Bitcoin and...

, by Sarah Wynn

Tether Plans 15% of Its Net Profits Into Bitcoin in Move of Confidence

Tether, the world’s largest stablecoin issuer by market capitalization, said it is planning to invest 15 percent of its net profits into bitcoin to strengthen its reserves. Tether said it expects the move to “strengthen and diversify” its reserves of its $1 pegged stablecoin,...

, by Sarah Wynn

President Biden’s Crypto Mining Tax “Isn’t Going To Happen,” Sen. Lummis Says

US Sen. Cynthia Lummis is not a fan of President Biden’s proposed 30 percent tax on cryptocurrency miners. “That isn't going to happen,” the Wyoming Republican and crypto enthusiast, said on Friday at Bitcoin 2023 Conference in Miami. There are environmental benefits...

, by Sarah Wynn

How the Upcoming US Jobs Report Might Impact the Bitcoin (BTC) Price

US labor market data for May is due on Friday the 2nd of June.The data, which is closely scrutinized by policymakers at the US Federal Reserve, could trigger volatility in the Bitcoin market, depending on how and if it impacts expectations for further interest rate hikes from the US central...

, by Michael Davis

Democratic Presidential Candidate Kennedy Lays Out Campaign Promises for Bitcoin

Democratic presidential candidate Robert F. Kennedy Jr. made campaign promises on Friday advocating for bitcoin users, adding that he plans to accept campaign donations in bitcoin.“As president, I will make sure that your right to hold and use bitcoin is inviolable,” Kennedy said at the...

, by Sarah Wynn

Bitcoin Hover Near $26,000 Ahead of Key Fed Policy Announcement – Here’s How the BTC Price Might React

The Bitcoin (BTC) price is hovering close to $26,000, well within its recent intra-day ranges in the lead-up to Wednesday’s key US Federal Reserve interest rate announcement.The US central bank is expected to pause its cycle of aggressive interest rate hikes that began last March, which has...

, by Michael Davis

Bitcoin Will Probably Retest $25K But Bears Beware, On-chain Indicators Suggest BTC Price in Early-Stage Bull Market

Bitcoin (BTC)’s short-term technical outlook is not looking good.The world’s first and largest cryptocurrency by market capitalization has now pulled more than 13% lower versus the yearly highs it printed back in April to the north of the $31,000 level.In doing so, it has fallen...

, by Michael Davis

FOMC Minutes Signal Central Bank Divided on Need for More Tightening – Here is How Crypto Reacted

The minutes from this month’s FOMC meeting of US Federal Reserve policymakers were just released, revealing the bank to be divided on the need for further interest rate hikes.Cryptocurrency, forex, US equity and US bond markets didn’t see much of a reaction to the minutes, the tone of...

, by Michael Davis

BlackRock Close to Filing an Application for a Bitcoin ETF: CoinDesk

The world’s largest asset manager is close to filing an application for a bitcoin exchange-traded fund, according to CoinDesk. BlackRock will use Coinbase (COIN) Custody for the ETF as well as Coinbase’s spot market data for pricing, a source told CoinDesk. It is not clear if...

, by Sarah Wynn

Bitcoin Has a Problem in the US Says Prominent Hedge Fund Manager Paul Tudor Jones

American billionaire hedge fund manager Paul Tudor Jones said bitcoin has a “real problem” due to unfriendly regulation in the US, in a recent interview with CNBC.“Bitcoin has a real problem because in the United States, you have an entire regulatory apparatus against it,”...

, by Sarah Wynn

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