MicroStrategy Buys Bitcoin Worth $615.7 Million Ahead of Spot ETF Approval

[ad_1] Software firm MicroStrategy said on Wednesday it had bought bitcoin worth about $615.7 million (Rs. 5,120 crore) in cash, amid growing expectations that the top US markets regulator will soon approve a spot bitcoin exchange traded fund (ETF). The company and its subsidiaries purchased about 14,620 bitcoins at an average price of roughly $42,110 … Read more

Bitcoin, Ether See Losses as Christmas Ushers 2023 into Finale Week

[ad_1] The Christmas cheer does not seem to be working out quite so magically for the crypto sector, as many altcoins on Monday, December 25 reflected losses on the price chart. Bitcoin registered a loss of 0.09 percent to trade at the price point of $42,906 (roughly Rs. 35 lakh). Over the weekend, Bitcoin pricing … Read more

NFTs Start Climbing Up Price Ladders Again as BTC, ETH Rally

[ad_1] The market for non-fungible tokens (NFTs) seems to be on a revival sprint now that the crypto market is on a bull run. With cryptocurrencies like Bitcoin, Ether, Solana, and Polygon pumping in value, a bunch of NFT series associated with these altcoins have started to be climb up the price tracker. NFTs are … Read more

Magic Eden Launches Crypto Wallet with Cross-Chain Workability: Details

[ad_1] Magic Eden, which is an online marketplace for NFT sales, is adding more functionalities and capabilities to its platform to attempt to revive people’s interest in digital collectibles after a visible sector slowdown. The platform has now decided to launch a crypto wallet browser extension, that will be compatible with multiple blockchains. The aim … Read more

BTC Sinks to Two Month Low as Macroeconomic Upheaval Shakes Crypto Market

[ad_1] Bitcoin, in the last 24 hours, sunk to its lowest trading value since June this year. The value of Bitcoin stands at $26,489 (roughly Rs. 21.9 lakh) on Friday. This is after the asset registered a loss of 7.52 percent over the last day. Price wise, Bitcoin registered a plunge of $2,065 (roughly Rs. … Read more

US SEC Said to Have Raised Concerns About Bitcoin ETF to Asset Managers

[ad_1] The US Securities and Exchange Commission (SEC) has said recent applications by asset managers to launch spot bitcoin exchange-traded funds (ETFs) were not sufficiently clear and comprehensive, a source familiar with the matter said. The SEC has communicated its concerns to the exchanges Nasdaq and Cboe Global Markets which filed the applications on behalf … Read more