Galaxy predicts 74% Bitcoin price increase first year after ETF launch

[ad_1] Bitcoin’s (BTC) price will increase 74.1% in the first year after spot Bitcoin exchange-traded funds (ETFs) are launched in the United States, according to estimates from crypto investment firm Galaxy Digital.In an Oct. 24 blog post, Galaxy Digital research associate Charles Yu estimated the total addressable market size for Bitcoin ETFs would be $14.4 trillion in the first year after launch. He obtained the 74% figure by assessing the potential

BlackRock’s iShares Bitcoin ETF mysteriously disappears from — then reappears on — DTCC site

[ad_1] The ticker for BlackRock’s spot Bitcoin (BTC) exchange-traded fund (ETF), IBTC, has reappeared on the Depository Trust and Clearing Corporation’s (DTCC) website after disappearing for a few hours.The price of Bitcoin surged to new yearly highs following the Oct. 23 surprise appearance of IBTC on the website, with markets frenzied over the sign of a potential soon-to-come spot ETF approval.When the ticker quietly disappeared from the site a few

Elizabeth Warren uses Hamas as her newest scapegoat in war on crypto

[ad_1] Massachusetts Senator Elizabeth Warren is at it again. With mainstream press outlets, including Germany’s Deutsche Welle, running sensationalist headlines — “How cryptocurrency fueled Hamas’ terrorist attack” — Warren is using Hamas’ attack on Israel to fuel her own war on cryptocurrency.Cryptocurrency’s role in the conflict came into focus on Oct. 10, when Israeli police froze crypto accounts used for donations to Hamas. It was not the first time. In

Pro-crypto lawmaker Tom Emmer ends hours-long speaker campaign: Report

[ad_1] Tom Emmer, the current majority whip and a crypto proponent, has reportedly dropped his bid to become the next speaker of the United States House of Representatives — a position second in line to the U.S. presidency.According to multiple reports from major news outlets on Oct. 24, Representative Emmer ended his campaign for speaker after he was unable to secure the 217 Republican votes necessary to win on the

Vodafone, Sumitomo team up with Chainlink to explore trade documents network

[ad_1] Vodafone Digital Asset Broker (DAB) has joined the Chainlink network as a node operator after completing a proof-of-concept with Japanese trading and investment company Sumitomo for exchanging trade documents across platforms. The companies hope to improve document transfer and processing of financial transactions in the $32-trillion global trade ecosystem, Vodafone said.The proof-of-concept used oracle network Chainlink’s Cross-Chain Interoperability Protocol (CCIP). DAB “provide[d] security and interoperability across IoT devices at

Why is Bitcoin price up today?

[ad_1] Bitcoin (BTC) price is up today, rising to an intra-day high of $35,280 and a new 17-month high before retracing slightly. The Bitcoin price increase today comes as hype around a spot BTC exchange-traded fund (ETF) crescendoed with the listing of BlackRock’s iBTC on the Depository Trust & Clearing Corporation (DTCC) website. While the listing seems to have been removed, Bitcoin’s bullish momentum continued as it is conventionally seen

dYdX publishes its open-source code in anticipation of phased mainnet launch

[ad_1] Crypto exchange dYdX has published the open-source code for its new Cosmos-based network of the same name, according to an Oct. 23 blog post. The new code includes the “protocol, order book, front-end, and more,” the post stated. The publication of the code is intended to pave the way for a mainnet launch, which is being organized by the dYdX Decentralized Autonomous Organization (dYdXDAO) SubDAO on Operations.1/ It’s finally

Here’s what happened in crypto today

[ad_1] Matrixport, a cryptocurrency trading firm founded by Bitmain co-founder Wu Jihan, has doubled down on its prediction that Bitcoin will hit $45,000 by the end of 2023. Meanwhile, the crypto space is keeping such a close watch on spot Bitcoin ETFs that the Depository Trust and Clearing Corporation’s (DTCC) website crashed, and Binance and its CEO want the U.S. commodity regulator’s suit dismissed.Matrixport doubles down on $45K Bitcoin year-end

Euroclear launches digital securities issuance service, settles World Bank bond

[ad_1] Euroclear has launched a digital securities issuance service and settled a 100 million euro ($106 million) digital World Bank bond. This is the first step in the Brussels-based settlement house’s digital infrastructure strategy, it said.The three-year bond, which is being called a digitally native note, was issued by the World Bank lending arm, the International Bank for Reconstruction and Development, to raise funds for sustainable development. It was listed
Bitcoin News

BlackRock’s Bitcoin ETF is listed for trading

[ad_1] AdvertismentBlackRock’s bitcoin (BTC) ETF, dubbed the iShares Bitcoin Trust, is now listed on the DTCC (Depository Trust & Clearing Corporation). This is the entity that, according to Nasdaq, is responsible for the clearing, settlement and servicing of securities in the US market. It means that the ETF, with the ticker IBTC, is now officially recognized. The U.S. Securities and Exchange… – Bitcoin News source since June 2011 – Virtual currency is not legal