CryptoNews

Blackrock's Spot Bitcoin ETF Filing Update Addresses Potential Classification of BTC as a Security by SEC – Regulation Bitcoin News

December 7, 2023
Blackrock, the world’s largest asset manager, has warned in its latest spot bitcoin exchange-traded fund (ETF) filing update of the potential for bitcoin to be classified as a security by the U.S. Securities and Exchange Commission (SEC), state regulators, or court rulings. “If a digital asset is determined or asserted to be a security, it is likely to become difficult or impossible for the…
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CryptoNews

Bitcoin Technical Analysis: BTC Retraces at Formidable $44,500 Resistance Barrier

December 7, 2023
As bitcoin’s price hovers between $43,950 and $44,150, a nuanced examination of its oscillators and moving averages reveals a complex picture of its market movements. Despite a bullish run in its 24-hour trading range, oscillators signal caution. Bitcoin Bitcoin’s (BTC) market cap stands at $856 billion, with a substantial 24-hour trade volume of $38.39 billion. This reflects a vibrant…
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CryptoNews

Large Asset Managers Getting Ready to Buy BTC Ahead of Spot Bitcoin ETF Launches, Says Moody's Director

December 6, 2023
A senior director with Moody’s Analytics has highlighted the biggest driver behind the recent bitcoin price surge. “The race is heating up” to launch spot bitcoin exchange-traded funds (ETFs), he explained, emphasizing that large asset managers are “getting ready to acquire the underlying asset to offer the ETF to retail and institutional investors.” Biggest Driver Behind Bitcoin Price…
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CryptoNews

Mystery Bitcoin Whale Resurfaces, Transfers 1,000 BTC Worth $41M From String of 2010 Era Addresses – Bitcoin News

December 6, 2023
Emerging from obscurity since 2021, a prominent bitcoin whale, originating from the 2010 period, has recently transferred 20 block rewards, equivalent to 1,000 bitcoins valued at $41.87 million based on present exchange rates. This is not the whale’s first such activity; they have previously executed similar transactions, involving sets of 20 block rewards, on several occasions at the onset of…
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