Bitcoin News

  • Grayscale is about to submit a spot Bitcoin ETF application

    According to CNBC reports, people familiar with the matter revealed that Grayscale Investments plans to submit an application early next week to convert the world’s largest Bitcoin fund into a spot ETF. The person said that once the US Securities and Exchange Commission (SEC) approves the futures-based Bitcoin ETF, Grayscale intends to immediately submit an application to the SEC. According to a revised prospectus submitted by asset management company ProShares on Friday, its Bitcoin futures-based exchange-traded fund (ETF) “ProShares Bitcoin Strategy ETF” is scheduled to appear on the New York Stock Exchange Arca on Monday (October 18)….

    Bitcoin News 2021-10-17
  • Yao Qian: The global “new currency war” triggered by Bitcoin has just begun

    Yao Qian, director of the Science and Technology Supervision Bureau of the China Securities Regulatory Commission, said that with the rise of the modern information technology revolution, the impact of technology on currency is reaching an unprecedented level. Bitcoin has triggered a global large-scale digital currency experiment. The digital age has come, and the digital currency era is bound to come. A few days ago, Yao Qian, director of the Science and Technology Regulatory Bureau of the China Securities Regulatory Commission, wrote an article in the “Comparison” magazine, expounding the development of the…

    Bitcoin News 2021-10-17
  • The first Bitcoin futures ETF approved for listing on Nasdaq: BTC rose by over US$62,000

    On October 15, the Nasdaq official website showed that the ProShares Bitcoin futures ETF , which has been approved by the Bitcoin Strategy ETF, will be listed on the NYSE Arca exchange under the symbol BITO. However, in accordance with the process, after the Nasdaq is approved, it must be approved by the US Securities and Exchange Commission (SEC). On the 16th, according to CoinDesk, the US SEC had approved the Bitcoin futures ETF on the 15th. This is the first Bitcoin futures ETF approved for listing in the United States. According to foreign media reports,…

    Bitcoin News 2021-10-17
  • US SEC tells you: Invest in ETFs holding BTC futures contracts, please pay attention to these

    Recently, big news about cryptocurrency is constantly fermenting, and there are rumors that the US SEC will adopt Bitcoin futures ETF. According to Bloomberg News, people familiar with the matter revealed that the US SEC is preparing to allow the first Bitcoin futures ETF in the US to trade. People familiar with the matter said that US regulators are unlikely to prevent these products from starting trading next week. Unlike the Bitcoin ETF application previously rejected by regulators, the applications of ProShares and Invesco are based on the futures contract being submitted under mutual…

    2021-10-16
  • The U.S. of Bitcoin ETFs has gone from unattainable to imminent for eight years

    On October 15, according to Bloomberg News, a person familiar with the matter said that the Bitcoin futures ETF is reportedly not opposed by the SEC. The market reacted quickly, and Bitcoin rose accordingly. On October 9, according to Bloomberg News, 4 BTC ETFs are expected to be approved by the US Securities and Exchange Commission (SEC) at the end of October. The SEC may decide at the end of October whether to approve, reject or delay the listing application of such ETFs. Bloomberg ETF analyst James Seyffart said that he believes that approval is…

    2021-10-16
  • Analysis of the first US Bitcoin futures ETF: characteristics, risks, impact and the future

    From 2013 to the present, after waiting year after year, it is finally coming, and the first Bitcoin ETF in the United States is about to be born. The Bitcoin strategy ETF approved by the US SEC for the first time and applied by ProShares this summer will officially start trading next week (October 18). This article will focus on the first Bitcoin ETF in the United States and interpret its nature and potential significance. What is the first Bitcoin ETF in the United States? The full name of the first Bitcoin ETF in the United…

    Bitcoin News 2021-10-16
  • Three minutes to understand: How does Bitcoin’s Lightning Network work?

    October 5, 2016, Bitcoin test online flash trading is done by first pen block chain technology company BlockStream team of engineers. Dr. Decker said in an interview: “This is an important milestone for the Lightning Network. This is the first time we have established a channel on a real blockchain with real latency and block rate, including Invoices, lightning transactions, and item delivery, where payment is routed from one node to another through a third node.” After 5 years of technological upgrading and development, according to TXStats data, the Bitcoin capacity on the…

    2021-10-16 Bitcoin News
  • Historic moment: Bitcoin ETF will be approved by the US SEC

    Since Bitcoin’s first rapid rise in 2017 , the market has been trying to bring cryptocurrencies to Wall Street. Of course, most of these efforts have been in vain-this is due to weakening demand during economic downturns, opposition from government entities, or general uncertainty surrounding the future of cryptocurrencies as an asset class. But now, as Bitcoin is recognized by the public, institutions and even countries such as El Salvador, times are quietly changing. ProShares’ Bitcoin ETF will be approved by the U.S. Securities and Exchange Commission According to people familiar with the matter, the US…

    2021-10-16
  • An overview of the history of BTC ETF applications: 12 in 2021

    Long road, repeated defeats The road to Bitcoin ETF is long. Despite the repeated rejections and delays of the BTC ETF, the crypto industry still seems to be optimistic. Can the SEC finally approve it? Perhaps only time can give the answer. ETF is a publicly traded investment tool that can track the value of related assets; for BTC ETF, the asset is BTC. Supporters of the BTC ETF believe that relatively complex platforms, wallets, and private keys are a huge barrier for new users to enter the digital currency field, and the BTC ETF can allow investors…

    Bitcoin News 2021-10-13
  • Forbes Exclusive: Former SEC Chairman Jay Clayton talks about stablecoins, Defi and Bitcoin ETFs

    Former U.S. Securities and Exchange Commission (SEC) chairman Jay Clayton took over as the regulator in May 2017. ICO was in full swing at the time, and Clayton planned to supervise the industry from the beginning. In this interview, he observed that most people tried to circumvent supervision and expressed surprise. In his view, digital asset tokens or coins are obviously securities. However, many readers may be surprised that Clayton is bullish on the industry. He expects that blockchain will play a key role in capital market infrastructure. Recently, he joined Fireblocks, a multi-billion dollar…

    2021-10-13
  • Bitmain stopped shipping virtual currency “mining” to mainland China and faces greater efforts to clean up

    A few days ago, affected by the new regulations governing virtual currency, Bitcoin mining machine manufacturer Bitmain issued an announcement stating that its Antmining machine will stop shipping to mainland China from October 11th, targeting mainland China that has purchased forward products. Customers will provide alternative solutions, and the adjustment of shipping policy will not affect customers in overseas markets. Bitmain also stated that in response to the carbon neutral policy, the company has completed several batches of carbon indicator purchases, which are mainly derived from clean energy power generation projects in Yunnan,…

    Bitcoin News 2021-10-12
  • Bitcoin will usher in what changes will the Taproot upgrade bring?

    On October 11, 2021, Bitcoin continued to rise. As of the early morning of October 12, it reached a price level of $57,824.6, which has basically recovered the decline since May. The crypto market has recently recovered, and discussions on the “two-headed bull” have become more enthusiastic in the market. Many people in the industry have placed higher expectations on Bitcoin. In this context, we are concerned that an important technological upgrade of the Bitcoin network-the Taproot upgrade-will be launched next month. This will be a milestone event worth paying attention…

    2021-10-12 Bitcoin News
  • Bitcoin price strength rises above $57,000 for the first time since May 12

    On October 11, Bitcoin stood at $57,000 per coin , the first time since May 12. According to CoinGecko data, the total market value of the current cryptocurrency market is US$2.43 trillion, and the Bitcoin market share is 44.0%. According to Asset Dash data, the current market value of Bitcoin has reached $1.064 trillion, and it has risen to the sixth place, surpassing Facebook and Tesla. Shortly before this, George Soros’s family office confirmed that it holds a small amount of Bitcoin, which shows that even if it is only a small position, large investors…

    2021-10-11
  • These traditional financial institutions enter Bitcoin payment/transaction

    In the past decade, Bitcoin has grown into a store of value and has undergone upgrades to improve its transaction processing capabilities. Nowadays, some traditional financial companies have gradually begun to accept or support Bitcoin payments/transactions. On October 8, Public.com, an investment platform operated by Public Holdings, will launch a cryptocurrency trading service, join the cryptocurrency battlefield, and compete with Robinhood Markets and others. Previously, individual investors using the platform could only trade stocks and exchange-traded funds listed in the United States. It is reported, Public Holdings will allow its users to encrypt the sale…

    Bitcoin News 2021-10-08
  • What are the key factors behind Bitcoin’s recovery?

    During the National Day holiday, Bitcoin rebounded strongly and once exceeded $55,000. What are the key factors behind it? On October 2, Neel Kashkari, chairman of the Minneapolis Federal Reserve Bank of the United States, said that he did not think the Fed needed to raise interest rates before 2024. After the news came out, the market was expected to have loose policies, and Bitcoin rose for a short time under positive sentiment. In addition, the US banking giant JP Morgan Chase also comprehensively outlined some of the key reasons behind Bitcoin’s recent…

    Bitcoin News 2021-10-08
  • Twitter announced that it supports the Bitcoin Lightning Network more “grounded” than Facebook’s Libra?

    On September 23, Twitter announced that it has launched a tipping function that supports Bitcoin payments in the iOS version of the App , and it will be launched to Android users in the next few weeks. As shown in the figure above, users can freely choose different amounts of Bitcoin for tip payment with this function. The upper part is displayed in USD equivalent, and the lower part is the amount of Bitcoin denominated in “satoshi”. Take the first payment option as an example, 2261 is “2261 Satoshi’s Bitcoin”, and the market price at that time…

    2021-09-29 Bitcoin News
  • An overview of the “queuing army” of the US Bitcoin ETF

    So far, the U.S. Securities and Exchange Commission (SEC) has rejected all Bitcoin ETF applications. Since the submission of the first U.S. Bitcoin exchange-traded fund application in 2013, Bitcoin ETFs have become a dream target for the cryptocurrency community. ETF is a publicly traded investment tool, usually used to track the value of linked assets. Advocates of Bitcoin ETF believe that the complexity of exchanges, cryptocurrency wallets, and private keys still pose a daunting barrier for newcomers to enter the cryptocurrency space. Bitcoin ETFs will enable these investors to gain exposure to Bitcoin without actually…

    Bitcoin News 2021-09-29
  • An overview of the “queuing army” of the US Bitcoin ETF

    So far, the U.S. Securities and Exchange Commission (SEC) has rejected all Bitcoin ETF applications. Since the submission of the first U.S. Bitcoin exchange-traded fund application in 2013, Bitcoin ETFs have become a dream target for the cryptocurrency community. ETF is a publicly traded investment tool, usually used to track the value of linked assets. Advocates of Bitcoin ETF believe that the complexity of exchanges, cryptocurrency wallets, and private keys still pose a daunting barrier for newcomers to enter the cryptocurrency space. Bitcoin ETFs will enable these investors to gain exposure to Bitcoin without actually…

    Bitcoin News 2021-09-28
  • The history of Bitcoin soft fork activation (part 2)

    (Continued) History [2016] BIP9 versionbits: BIP68/112/113 relative lock time activated BIP9 proposes a new activation mechanism to solve several problems of ISM: Unnecessarily punish miners : ISM activation will cause the block version number to be incremented, and blocks produced by miners without incrementing the version number will be considered invalid, even if the block does not violate other soft fork rules. For example, in the chain split on July 4, 2015, all transactions were subject to soft fork rules-the only reason these miners lost $500,000 was that the upgrade required that…

    Bitcoin News 2021-09-28
  • Multi-departmental efforts to rectify cryptocurrency hype “mining” activities have been completely cleaned up

    The rectification of virtual currency has been upgraded again. On September 24, ten departments including the People’s Bank of China issued new regulations to rectify the “virtual currency hype”, clarifying that virtual currency-related business activities are illegal financial activities. On the same day, the National Development and Reform Commission and other eleven departments jointly issued a document to rectify the “mining” of virtual currency, requiring that the investment and construction of new projects be strictly prohibited and the orderly exit of existing projects should be accelerated. The virtual currency market has…

    Bitcoin News 2021-09-27