Focuses exclusively on news and developments pertaining to Bitcoin, the first and most prominent cryptocurrency.
US spot Bitcoin ETFs saw $31M net inflows on June 25, driven by $48.8M from @Fidelity. Grayscale GBTC had net outflows, while BlackRock’s IBIT posted zero inflows. Trading volumes for spot Bitcoin ETFs rose 4-5%, with IBIT surpassing $1B. #Update
Nubank partners with Lightspark to integrate the Bitcoin Lightning Network, boosting transaction speed and lowering costs for over 100 million users. This move aligns with Nubank’s mission to offer efficient, low-cost services. #Bitcoin #Update
Florida Rep. Matt Gaetz introduces a bill to allow Bitcoin for federal tax payments, inspired by El Salvador’s success with $BTC. This move could modernize the tax system and boost innovation. #CryptoTax #Update
Nu Holdings (@Nubank) teams up with Lightspark to enable Bitcoin Lightning Network transactions in 2024. This partnership lets millions of customers in Brazil, Mexico, and Colombia enjoy fast, low-cost Bitcoin payments. #CryptoNews #Update
U.S. Rep. @MattGaetz introduces a bill to allow federal tax payments in Bitcoin ($BTC), amending the Internal Revenue Code of 1986. This move could enhance innovation and flexibility for U.S. taxpayers, marking a milestone in crypto adoption. #Cryptocurrency
Bitcoin price retreat sparks bullish optimism! Analysts predict a surge to $88K by mid-2023 based on historical trends and institutional confidence. Notable flag pattern and $BTC trading at $61,254 suggest potential for growth. #CryptoNews #Update
The German Federal Criminal Police Office (@bka) transferred 900 Bitcoin, worth $54.4M, to Kraken, @coinbase, and an untagged address. Germany’s BTC reserves now stand at 46,359 BTC, valued at $2.8B. Speculations arise about asset diversification. #Crypto
Bernstein analysts predict lower demand for Ethereum-ETFs compared to Bitcoin-ETFs due to the lack of staking features. Regulatory improvements post-2024 U.S. elections and increased institutional adoption could drive the cryptocurrency ETF market to $450B. #Update #Crypto $ETH $BTC
Strike launches in the U.K., offering seamless Bitcoin transactions with free deposits, easy buying/selling, and direct bank withdrawals. This move could boost Bitcoin adoption and inspire more financial institutions to explore $BTC solutions. #Update #Bitcoin
North Korean hackers Lazarus Group likely behind a $4.3M attack on Bitcoin-focused defi platform ALEX Lab in May. ALEX Lab works with international law enforcement to recover funds and boost security. #CryptoSecurity #Update
Metaplanet opens a subsidiary in the British Virgin Islands to boost its Bitcoin strategy, leveraging favorable regulations. With an additional 1B yen allocated, its BTC holdings are set to exceed 200 BTC, valued at $15M. #Bitcoin #Update
Spot Bitcoin ETFs in the U.S. face a third week of outflows, with Grayscale leading at $90.4M as BTC dips below $60,000. June 24 marked a $174.5M outflow, reflecting bearish trends. #Bitcoin #Update
Bitcoin ETFs in the US have faced $174.5B in outflows over 7 days, with Grayscale’s $GBTC leading with $90.4M. Institutional interest wanes amid market uncertainty, contrasting with Nasdaq’s 20% YTD gain. #Update #Bitcoin @Grayscale @Fidelity
Bitcoin’s price is influenced by fiat currencies, stablecoins, and spot-based ETFs, says @ki_young_ju of @cryptoquant_com. Negative Coinbase premium reflects weak fiat inflows. Bitcoin’s RSI shows it’s oversold, hinting at a potential rebound. #Update #Bitcoin
