Category: Bitcoin

February 28, 2024 BY Elizabeth Anderson

Prominent Buyers Purchasing Cryptocurrencies

The world’s largest cryptocurrency, which currently has a market value of just over $1tn, ended Tuesday trading at $57,071. From the start of February, bitcoin gained 32%, putting it on track for its most significant monthly gain since January 2023. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Rallies exceeding 10% were influenced…

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November 21, 2023 BY Elizabeth Anderson

Could approved Bitcoin ETF begin a $100bn crypto market value?

Fuelling this prevailing crest of excited anticipation, the probable involvement of reputable investment giants such as BlackRock, Fidelity, and Invesco stirred speculations that the spot-Bitcoin ETF will achieve a $100bn market value in due course. Reportedly, Galaxy Digital Holdings Ltd. (GLXY.TO) conferred with about 300 investment professionals about Bitcoin allocations as the ETF approval and…

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Bitcoin
July 29, 2022 BY Steffy Bogdanova

ETC Group lists Bitcoin ETP in Europe on Cboe

Tim Bevan, Founder and co-CEO of ETC Group commented: As a flagship product, bringing BTCE to Cboe Europe is a logical step as demand for exposure to crypto recovers worldwide. The BTCE listing on Cboe Europe further establishes ETC Group’s leadership position in European domiciled cryptocurrency-backed securities. ETC Group’s products offer several benefits when compared…

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Bank of Japan Governor Kuroda casts doubt on Bitcoin
May 31, 2021 BY Steffy Bogdanova

Bank of Japan Governor Kuroda casts doubt on Bitcoin

Kuroda went on to differentiate Bitcoin from stable coins which are known to have their value backed up by assets. Stable coins are also obliged to meet regulatory governance codes and legal standards, meaning that the Governor is under the impression that they could well become a suitable trading alternative in the near future. Volatility…

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Bitcoin
May 27, 2021 BY Steffy Bogdanova

Iran President clamps down on bitcoin mining amidst power cuts

The cryptocurrency mining industry has become prominent in Iran partially due to the presence of highly subsidised electricity within an extremely power-reliant trade. With such subsidies in place, imports can then theoretically be paid for using bitcoin. However, the US has implemented sanctions that bar all banking transactions between themselves and Iran, and with blockchain…

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HSBC
May 24, 2021 BY Steffy Bogdanova

HSBC not planning to launch bitcoin trading

The HSBC is going on a different path than rivals such as Goldman Sachs whose digital investing branch, Saxo Markets, recently announced the launch of a new crypto trading service - Crypto FX. Bitcoin’s price has been on a rollercoaster during the last few days with a 50% fall, trading $36,387 on Monday, just 40…

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Bitcoin
May 24, 2021 BY Steffy Bogdanova

Beijing bitcoin mining crackdown sees miners halt business in China

A large portion of the new-found regulatory issues are because Crypto miners are using increasingly strong and bespoke tech equipment – often referred to as rigs -  to certify virtual coin trades within a process which creates freshly minted cryptocurrencies, including the likes of bitcoin. Speaking of China’s latest crackdown, Chen Jiahe, Chief Investment Officer…

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