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BITO BITCOIN ETF BECOMES FASTEST ETF EVER TO HIT $1 BILLION AUM

The ProShares bitcoin-linked ETF hit $1 billion in assets under management in just two days. ProShares bitcoin-linked ETF hit $1 billion in assets under management in just two days, a record for the ETF industry. Gold ETF GLD held the previous record, having crossed the $1 billion mark in three days after it launched in …

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PROSHARES BITCOIN FUTURES ETF TO LAUNCH ON NEW YORK STOCK EXCHANGE TUESDAY

ProShares is set to launch a Bitcoin futures exchange-traded fund (ETF) on the New York Stock Exchange tomorrow, in what would be a first for institutional investors in the U.S. ProShares is set to launch a Bitcoin futures exchange-traded fund (ETF) on the New York Stock Exchange tomorrow, in what would be a first for …

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Russia Considering to Impose Special Energy Tariffs on Cryptocurrency Miners

Russia is considering implementing special energy tariffs on cryptocurrency mining activities amid the widespread migration of miners into the country following China’s recent clampdown on the sector. On Wednesday, October 13, Russia minister of energy Nikolai Shulginov had a conversation with the TASS local news agency. Shulginov stated that he is examining ways to differentiate energy consumption for …

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BITCOIN’S UNPRECEDENTED LIQUIDITY CAN EXPLAIN ITS PRICE VOLATILITY

As the world’s most liquid asset, bitcoin’s price volatility in times of economic crisis likely reflects its independence, not lack of faith. In March 2020, major stock market indexes saw some of the worst price collapses in decades, as markets confronted the realities of the COVID-19 pandemic. Bitcoin was no exception to these economic strains. Having …

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THE AMERICAN DREAM IS DEAD AND BITCOIN HAS REPLACED IT

The American dream of owning a home and financial freedom has been killed by the inequality in our legacy system. But Bitcoin offers a new dream. For decades, home ownership has been the vehicle through which the middle class prospered. Unfortunately, with institutional and foreign investors bidding up home prices and the money printer going …

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Bitcoin gets green light for price discovery with ‘almost no supply’ on exchanges above $59K

Resistance is thinner than ever, while data leaves the market guessing about what will happen when Bitcoin revisits $64,500 all-time highs. Bitcoin (BTC) is now free to surge not only to existing all-time highs but beyond, analysts have said. Analyzing orderbook data on Oct. 15, monitoring resource Whalemap revealed that Bitcoin had already beaten all major resistance …

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BITCOIN VS. DIGITAL FOOL’S GOLD

While alternative cryptocurrencies may on the outside be shiny and attractive, they lack the fundamental aspects that give bitcoin value. While alternative cryptocurrencies may on the outside be shiny and attractive, they lack the fundamental aspects that give bitcoin value. “There’s a lady who’s sure all that glitters is gold And she’s buying a stairway …

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Deutsche Boerse-owned Eurex debuts Bitcoin futures trading

The euro-denominated Bitcoin ETN Futures contract is based on ETC Group’s flagship product, centrally cleared Bitcoin exchange-traded product (ETP), known as BTCetc Physical Bitcoin (BTCE). The futures contract allows investors to track the price development of Bitcoin in a regulated environment and will be physically delivered in BTCE, which is 100% backed by Bitcoin and can be …

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Bitcoin price plunges below $43K in minutes in crypto market rout

Bitcoin (BTC) fell sharply as trading continued on Sept. 7 as a volatile day took BTC price action below $43,000 in one of the most volatile days of the year. BTC/USD 1-hour candle chart. Source: TradingView Whales blamed for major BTC sell-off Data from Cointelegraph Markets Pro and TradingView captured the volatility as Bitcoin suddenly lost the psychological $50,000 …

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Why has El Salvador officially adopted bitcoin as its currency?

El Salvador has officially adopted bitcoin as legal tender. Draft legislation may soon lead Panama down the same path, while China, the US and the UK are investigating launching their own cryptocurrencies. Here’s what you need to know. Why are countries adopting bitcoin? President Nayib Bukele hopes bitcoin will alleviate El Salvador’s prickliest economic problems: citizens sending …

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