Category: Latest news
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7RCC files application for Bitcoin ETF with eco-friendly edge
[ad_1] Asset manager 7RCC has applied for an environment-conscious spot Bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC), according to a Dec. 18 filing. The ETF, going by the ticker BTCK, and formally named the 7RCC Bitcoin and Carbon Credit Futures ETF, takes a novel approach as its strategy involves investing…
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Montenegrin appeals court overturns Do Kwon extradition decision
[ad_1] The Montenegro Court of Appeal has overturned the Podgorica High Court’s decision to extradite Do Kwon, co-founder of Terraform Labs, following his appeal, according to a Dec. 19 update on the court website. Initially, the Podgorica High Court had greenlit Kwon’s extradition to either the U.S. or South Korea in November, citing these countries’…
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Court bars Digital Currency Group from reducing Genesis ownership during bankruptcy
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Bitcoin in Uncle Sam’s wallet: US balance is worth more than $9B
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Ethereum MEV-relay bloXroute to deny OFAC-listed transactions, escalating crypto censorship debate
[ad_1] Ethereum MEV-relay bloXroute labs said it will reject blocks containing transactions from addresses listed on the Office of Foreign Assets Control’s (OFAC) Specially Designated Nationals And Blocked Person List (SDN) list starting Dec. 18. In a Dec. 18 statement on X (formerly Twitter), the firm said: “Effective immediately, all bloXroute relays will reject block…
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Bitcoin leverage drops to historical lows
[ad_1] Quick Take Understanding critical metrics provides essential insights as the digital asset market constantly evolves. One such indicator, the Estimated Leverage Ratio (ELR), offers a glimpse into the market’s leverage and is noteworthy. Currently, the ELR is nearing historical lows—an occurrence witnessed only twice prior. This indicates a significant reduction in market leverage, implying…
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Bitcoin rebound above $43,000 sparks $67M BTC liquidation, indicating further market maturity
[ad_1] Bitcoin (BTC) climbed back above $43,000 during Asian trading hours following news that BlackRock amended its spot exchange-traded fund (ETF) application to comply with the U.S. Securities and Exchange Commission (SEC). Coinglass data shows that the price movement liquidated $206 million across all assets from more than 81,000 crypto traders during the past day.…
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BlackRock adds ‘IBIT’ ticker, confirms initial cash model in spot Bitcoin ETF update
[ad_1] BlackRock has submitted a new amendment to the S-1 filing concerning its spot Bitcoin ETF, the iShares Bitcoin Trust, filed on Dec. 18. The company’s latest filing added a market ticker — IBIT — for the first time, indicating that the fund intends to trade on the Nasdaq under that label. BlackRock’s previous filing…
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Bitcoin reigns supreme in NFT market with $677 million in 30-day sales
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Coinbase Bitcoin trades lag behind Binance, signaling cooling US interest
[ad_1] Quick Take As we approach the end of 2023, an interesting shift in trading patterns has been identified in the Bitcoin market. Most of the year saw BTC-USD traded on Coinbase at a premium compared to BTC-USDT on Binance. However, this tendency has recently taken an unexpected turn, with Bitcoin on Coinbase now trading…