Crypto Currency Feed - Page 9

11d ago Crypto Currency

Cathie Wood Predicts Bitcoin Could Reach $1.5 Million by 2030

Cathie Wood, CEO of Ark Invest, recently reiterated her forecast that Bitcoin could surge to $1.5 million by 2030. Wood cites two key catalysts: the approval of spot Bitcoin ETFs and the growing number of use cases for Bitcoin. However, regulatory risk and market volatility remain potential obstacles to Bitcoin's growth.

12d ago Crypto Currency

Bitcoin Price Crumbles After Spot ETF Approval, But Altcoins Rebound

BTC price fell to unexpected lows after the spot ETF approval, but bullish price action from altcoins could be an early sign of a reversal.

14d ago Crypto Currency

Bitcoin Mining Stocks Decline as Cryptocurrency Touches $49,000

Bitcoin mining stocks experienced a decline after the price of bitcoin briefly reached $49,000. The decrease in miner revenue and the upcoming Bitcoin halving may be contributing factors.

15d ago Crypto Currency

Hundreds of Thousands of Dollars Worth of Solana Cryptocurrency Assets Stolen in Recent CLINKSINK Drainer Campaigns

Numerous actors have conducted campaigns since December 2023 that leverage the CLINKSINK drainer to steal funds and tokens from Solana (SOL) cryptocurrency users. The identified campaigns included at least 35 affiliate IDs that are associated with a common drainer-as-a-service (DaaS), which uses CLINKSINK. The operator(s) of this DaaS provide the drainer scripts to affiliates in exchange for a percentage of the stolen funds, typically around 20%. We estimate the total value of assets stolen by affiliates in these recent campaigns to be at least $900,000 USD.

16d ago Crypto Currency

Bitcoin ETFs Win SEC Approval, Broadening Crypto Access

U.S. regulators have approved bitcoin ETFs, expanding access to the cryptocurrency and potentially attracting more investors. The Securities and Exchange Commission (SEC) has given the green light to a dozen companies, including BlackRock, Fidelity, and Grayscale, seeking to create bitcoin ETFs. These ETFs will hold bitcoin itself, unlike the previously-approved bitcoin futures ETFs that hold derivative contracts tied to BTC. The SEC's decision comes after years of delays and rejections, and follows a court loss in 2023. Advocates argue that ETFs focused on bitcoin will allow both institutional and retail clients to invest in bitcoin's price movements without the need for direct ownership of the digital asset. However, not all SEC commissioners support the decision, with Commissioner Caroline Crenshaw dissenting over concerns of fraud and manipulation in the bitcoin spot market.

16d ago Crypto Currency

Fake Bitcoin ETF Approval Tweet Causes $90M in Liquidations

Price volatility following a series of fake tweets from the U.S. Securities and Exchange Commission (SEC)’s X account caused nearly $90 million worth of bitcoin (BTC) long and short positions to be liquidated, showcasing manipulation risks associated with the industry.

17d ago Crypto Currency

BlackRock, VanEck and Others Update Bitcoin ETF Filing Within Hours of Quick SEC Response

The filings indicate that the two entities were among the prospective issuers that the U.S. Securities and Exchange Commission (SEC) sent comments in the past 24 hours.

18d ago Crypto Currency

BTC Blasts Past $47K as Bitcoin ETF Excitement Gets Feverish

Bitcoin could rally 10%-15% more in case the SEC approves spot bitcoin ETFs, LMAX strategist Joel Kruger noted.