Finance forum: Bitcoin 46 articles - 9.249 readings

Bitcoin is based on blockchain computer technology and is the most famous cryptocurrency in the world. It was created in 2009 by the mysterious techno-financial engineer Satoshi Nakamoto. Since then, it’s seen rapid worldwide expansion and, most importantly, exponential rate growth up to thousands of dollars. Yet even though it’s possible to buy bitcoins legally, no valid currency exchange status has been set for the cryptocurrency.

Bitcoin: a speculative and risky asset that will try to set new records in 2024

Posted on 20.11.2023

According to some traders, bitcoin could reach an all-time high in 2024, but it remains a speculative and risky asset for investors. Cryptocurrency winter between 2022 and early 2023 A year ago, bitcoin and the cryptocurrency world were still in what some analysts called the 'cryptocurrency winter'. The price of cryptocurrencies - with one bitcoin trading at around $16,000 - had suffered a fate similar to that of equity and bond markets, which had come under pressure from the rising in ...

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Bitcoin ETF: Will US approval send price soaring further?

Posted on 06.11.2023

The approval of the first bitcoin ETF in the US seems to be only a matter of time as the price of bitcoin continues to rise. Spot ETFs on Bitcoins in Europe Between 30 September and 1 October, the world's largest cryptocurrency, bitcoin, rose by around USD 1,000 per unit: October has generally been a bullish month, taking the cryptocurrency's value from nearly $27,000 to the current $35,000. But what are the reasons for this rise? A first reason could be the fact that in mid-October, J ...

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What is a bitcoin (and other crypto) ETF?

Posted on 12.10.2023

Investing in cryptocurrencies in Europe is also possible through financial intermediaries, as the example of bitcoin ETFs shows. Cryptocurrency investment regulation in Europe European investors undoubtedly have an advantage over American investors when it comes to cryptocurrencies and bitcoin ETFs. This dynamic was clearly explained to the Funds People platform by Invesco's Senior Relationship Manager ETF Specialist, Fabrizio Arusa. The manager pointed out that the Markets in Crypto-Asset ...

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A flurry of spot US Bitcoin ETF filings

Posted on 02.08.2023

The following is a part 1 of 2 of a summary of an episode of WisdomTree’s Crypto Clarified podcast. The discussion is between Benjamin Dean, Director of Digital Assets; Ryan Louvar, Chief Legal Officer and Head of Business and Legal Affairs; and Jeremy Schwartz, Global Chief Investment Officer at WisdomTree.

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Bitcoin is neither a currency nor a stock: it is a commodity for the SEC

Posted on 07.07.2023

In 2022, the bear market also had an impact on the world of cryptocurrencies: prices fell and some of the world's largest platforms, such as FTX, even went bankrupt. Today, more than the markets, it is the regulators that are putting pressure on cryptocurrencies, in particular the SEC, the financial market regulator in the United States. In 'La Repubblica', Andrea Daniele Signorelli explains that the nature of bitcoin and other cryptocurrencies may emerge more clearly from this situa ...

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BlackRock ready to launch bitcoin ETF (SEC approval pending)

Posted on 19.06.2023

BlackRock has applied to the SEC for approval to launch an ETF on bitcoin. Let's take a closer look at what this is all about. The cryptocurrency winter and investor confidence The cryptocurrency ecosystem has been shaken by a massive downward price correction that has helped trigger a crisis, the most high-profile episode of which was the failure of the Ftx exchange platform. Meanwhile, the US SEC is waging a regulatory 'assault' on the cryptocurrency world, recently suing Coinbas ...

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Binance suspends Bitcoin withdrawals for several hours, what does it mean?

Posted on 09.05.2023

The temporary interruption of the withdrawal service of the cryptocurrency trading platform Binance (between Saturday and Sunday) shook the cryptocurrency system: Bitcoins (BTC) quickly lost more than 4% of their value in a few hours. This episode is interesting because it allows us to reflect on the limits and potential of the BTC blockchain network. Binance experienced a "network congestion" issue The double temporary suspension of withdrawals on the Binance platform was explai ...

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Bitcoin breaks through the $30,000 mark again: now what?

Posted on 12.04.2023

Bitcoins have surpassed the $30,000 mark. The reasons include the end of interest rate hikes and, one might add, economic and financial uncertainty. The crisis period in the crypto ecosystem and the recent recovery As Alfonso Neri (Ansa) points out, the rise in the price of bitcoin and some other cryptocurrencies follows a complicated period for the crypto ecosystem. Between the end of 2021 and the beginning of 2023, the fall in prices was accompanied by the collapse of the Terra/Luna system, ...

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