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Bitcoin overtakes silver to become second largest ETF product in the US

Bitcoin exchange-traded funds (ETFs) have outperformed silver ETFs in the United States, securing its position as the second-largest commodity ETF, in terms of assets under management (AUM). The rise in popularity of Bitcoin ETFs indicates a growing acceptance of BTC as a mainstream investment vehicle. As reported by The Block, Bitcoin’s rise to become the…

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Bitcoin-Based NFTs See Record $881,223,753 Worth of Sales in December

Non-fungible tokens (NFTs) on the Bitcoin (BTC) blockchain saw blockbuster sales in the month of December, according to on-chain data. According to data obtained from blockchain data aggregator CryptoSlam, Bitcoin NFT sales reached over $881 million in sales last month, a new high for 2023. BTC NFT sales obliterated the previous sales record of $375 million…

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Market Shakeup: Bitcoin Falls Below $42,000 as Short-Term Holders Rush to Take Profits

Currently, Bitcoin is witnessing a drop in price, with its value falling below the $42,000 mark. This move follows a significant increase in the circulating supply of profitable Bitcoin, triggering a wave of profit-taking among investors. ETC Group’s head of research, André Dragosch, highlights this trend and observes an increase in the transfer of Bitcoin…

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Tether joins El Salvador’s “Freedom Visa” program and requires a $1 million investment in Bitcoin

El Salvador, together with the world’s largest stablecoin issuer, Tether, has introduced a new citizenship by investment program, the “El Salvador Freedom Visa Adoption Program”, which aims to attract 1,000 people willing to make a significant investment in the country using Bitcoin or USDT. Selected candidates will receive a residency visa, a path to citizenship,…

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Bitcoin Breaks Past $44,000: Will $45,000 Be Next This Week?

Bitcoin (BTC) is having a moment again. The world’s largest cryptocurrency is enjoying a 150% surge this year as its price surpassed $44,000 on Wednesday, the first time this has happened in over 18 months. The rise is indicative of the cryptocurrency’s continued rise, which is supported by a number of elements such as a…

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Coinbase Stock Hits 18-Month High After Binance Allegations

The price rally comes after rival exchange Binance pleaded guilty and traders apparently priced Coinbase’s custody arrangements for a series of spot crypto ETFs. Shares of cryptocurrency exchange Coinbase (COIN) hit an 18-month high after rival exchange Binance and its former CEO Changpeng Zhao pleaded guilty to money laundering and violations of US sanctions. On…

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Bitcoin Taproot Wizards Secures $7.5M Funding from Standard Crypto

The Taproot Wizards project, known for its Bitcoin Ordinals initiative, has successfully raised $7.5 million in funding, led by venture capital firm Standard Crypto. Founded by Udi Wertheimer and Eric Wall, Taproot Wizards is inspired by a classic Bitcoin wizard meme that circulated on Reddit over 10 years ago. The project aims to reshape perceptions…