💸 Chinese Company Announces It Will Invest $100 Million in Bitcoin and Ethereum
Although China maintains its prohibitive stance towards Bitcoin and cryptocurrencies, crypto adoption continues to increase.
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At this point, Boyaa Interactive, one of China's largest gaming companies and also traded on the Hong Kong stock exchange, made an official statement that it plans to invest in cryptocurrencies, especially Bitcoin (BTC) and Ethereum (ETH), provided that it does not exceed 100 million dollars within a year. announced. This move by Boyaa Interactive was considered as a bullish indicator that institutional investors are increasingly interested in investing in digital assets and for the cryptocurrency market.
Although China maintains its prohibitive stance towards Bitcoin and cryptocurrencies, crypto adoption continues to increase.
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At this point, Boyaa Interactive, one of China's largest gaming companies and also traded on the Hong Kong stock exchange, made an official statement that it plans to invest in cryptocurrencies, especially Bitcoin (BTC) and Ethereum (ETH), provided that it does not exceed 100 million dollars within a year. announced. This move by Boyaa Interactive was considered as a bullish indicator that institutional investors are increasingly interested in investing in digital assets and for the cryptocurrency market.
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🙃 Fake BlackRock Fund Filing Triggers a Brief Rally in XRP Cryptocurrency
A filing for a BlackRock Inc. fund based on the cryptocurrency XRP showed up on the official Delaware website that registers investment trusts incorporated in the state, triggering a brief rally in the token. The only problem is that BlackRock wasn’t the one who submitted it. The Delaware Department of State’s Division of Corporations website — which lists some other trusts the asset manager has applied for previously — showed details for something called the “iShares XRP Trust” registered to BlackRock on Monday. A spokesperson for the asset manager, however, confirmed that it’s false.
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A filing for a BlackRock Inc. fund based on the cryptocurrency XRP showed up on the official Delaware website that registers investment trusts incorporated in the state, triggering a brief rally in the token. The only problem is that BlackRock wasn’t the one who submitted it. The Delaware Department of State’s Division of Corporations website — which lists some other trusts the asset manager has applied for previously — showed details for something called the “iShares XRP Trust” registered to BlackRock on Monday. A spokesperson for the asset manager, however, confirmed that it’s false.
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🚀 Fidelity files for spot Ethereum ETF, trailing BlackRock’s lead by two days
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Fidelity Investments has filed for a spot Ethereum exchange-traded fund (ETF), as seen in a filing with the Securities and Exchange Commission (SEC) on Nov. 17. Cboe BZX submitted a 19b-4 filing describing a proposed rule change that would allow it to list and trade shares of Fidelity’s planned fund. The new Ethereum proposal closely resembles Fidelity’s spot Bitcoin ETF proposal, submitted to the SEC in late June. Both Fidelity filings follow similar applications from the company’s main competitor, BlackRock. BlackRock submitted an S-1 filing for its spot Ethereum ETF just days ago, on Nov. 15, and applied for its spot Bitcoin ETF months earlier in June.
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Fidelity Investments has filed for a spot Ethereum exchange-traded fund (ETF), as seen in a filing with the Securities and Exchange Commission (SEC) on Nov. 17. Cboe BZX submitted a 19b-4 filing describing a proposed rule change that would allow it to list and trade shares of Fidelity’s planned fund. The new Ethereum proposal closely resembles Fidelity’s spot Bitcoin ETF proposal, submitted to the SEC in late June. Both Fidelity filings follow similar applications from the company’s main competitor, BlackRock. BlackRock submitted an S-1 filing for its spot Ethereum ETF just days ago, on Nov. 15, and applied for its spot Bitcoin ETF months earlier in June.
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🔥 Bitcoin set for parabolic rally ‘in a matter of weeks’ as halving phase begins
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Bitcoin (BTC) has recently struggled to surpass the $38,000 mark but maintains a comfortable position above the $35,000 support zone as the market awaits the next significant move. Notably, part of the prevailing consensus among most market participants is that Bitcoin is poised for a rally towards a new all-time high. This optimism is fueled by developments surrounding a potential spot Exchange-Traded Fund (ETF) approval and next year’s halving event. In this case, in a November 17 TradingView post, prominent crypto analyst TradingShot highlighted that Bitcoin is potentially gearing up for a parabolic rally in a matter of weeks as the digital asset enters the pre-and post-halving phase of its market cycle.
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Bitcoin (BTC) has recently struggled to surpass the $38,000 mark but maintains a comfortable position above the $35,000 support zone as the market awaits the next significant move. Notably, part of the prevailing consensus among most market participants is that Bitcoin is poised for a rally towards a new all-time high. This optimism is fueled by developments surrounding a potential spot Exchange-Traded Fund (ETF) approval and next year’s halving event. In this case, in a November 17 TradingView post, prominent crypto analyst TradingShot highlighted that Bitcoin is potentially gearing up for a parabolic rally in a matter of weeks as the digital asset enters the pre-and post-halving phase of its market cycle.
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📰 This Week In Crypto (CW46)
1. Sam Altman ousted from OpenAI, CTO Mira Murati named interim CEO
2. Worldcoin spikes as OpenAI investors push for Sam Altman’s return
3. Former Dogecoin Millionaire Eyes New Cryptocurrency for Potential Investment
4. BlackRock files S-1 form for spot Ether ETF with SEC
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CW45 (last week)
1. Sam Altman ousted from OpenAI, CTO Mira Murati named interim CEO
2. Worldcoin spikes as OpenAI investors push for Sam Altman’s return
3. Former Dogecoin Millionaire Eyes New Cryptocurrency for Potential Investment
4. BlackRock files S-1 form for spot Ether ETF with SEC
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CW45 (last week)
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🪙 Bitcoin and Ethereum lead cryptocurrency market surge as investors eye ETF prospects
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The cryptocurrency market started today on an upbeat note, with Bitcoin and Ethereum registering notable gains amid a broader industry uptrend. Bitcoin's price jumped to $37,241, marking a 1.60% increase, while Ethereum followed closely, rising by 2.25% to reach a valuation of $1,997. Investor sentiment has been positively influenced by the recent presidential election outcome in Argentina, where the pro-Bitcoin Javier Milei secured a win. This political shift is perceived as favorable for the cryptocurrency space, contributing to the optimistic market outlook.
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The cryptocurrency market started today on an upbeat note, with Bitcoin and Ethereum registering notable gains amid a broader industry uptrend. Bitcoin's price jumped to $37,241, marking a 1.60% increase, while Ethereum followed closely, rising by 2.25% to reach a valuation of $1,997. Investor sentiment has been positively influenced by the recent presidential election outcome in Argentina, where the pro-Bitcoin Javier Milei secured a win. This political shift is perceived as favorable for the cryptocurrency space, contributing to the optimistic market outlook.
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🪫 The active supply of Bitcoin and Ethereum is at record lows
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The percentage of tokens that have moved in the past year has fallen to record lows for both bitcoin and ether, according to data from The Block. At its peak, over 59% of bitcoin's supply was active between March 2017 and 2018. However, in the past year, only 30.12% of bitcoin's supply has changed hands. Ether, which saw over 86% of its supply move between July 2016 and 2017, also hit a record low, with only 39.15% of its supply changing hands in the past year.
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The percentage of tokens that have moved in the past year has fallen to record lows for both bitcoin and ether, according to data from The Block. At its peak, over 59% of bitcoin's supply was active between March 2017 and 2018. However, in the past year, only 30.12% of bitcoin's supply has changed hands. Ether, which saw over 86% of its supply move between July 2016 and 2017, also hit a record low, with only 39.15% of its supply changing hands in the past year.
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☠️ CEO of world’s largest cryptocurrency exchange pleads guilty to money laundering violations
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Billionaire Changpeng Zhao and leading cryptocurrency exchange Binance pleaded guilty on Tuesday to federal charges in a watershed moment designed to bring order to the often-lawless crypto industry. As part of a coordinated settlement across the federal government, Binance has agreed to pay more than $4 billion in fines and other penalties. Zhao, one of the most powerful figures in crypto, has agreed to step down as CEO from the exchange that he founded, and he will pay $200 million in fines. Binance, the world’s largest crypto exchange, admitted to engaging in anti-money laundering, unlicensed money transmitting and sanctions violations.
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Billionaire Changpeng Zhao and leading cryptocurrency exchange Binance pleaded guilty on Tuesday to federal charges in a watershed moment designed to bring order to the often-lawless crypto industry. As part of a coordinated settlement across the federal government, Binance has agreed to pay more than $4 billion in fines and other penalties. Zhao, one of the most powerful figures in crypto, has agreed to step down as CEO from the exchange that he founded, and he will pay $200 million in fines. Binance, the world’s largest crypto exchange, admitted to engaging in anti-money laundering, unlicensed money transmitting and sanctions violations.
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🥷 North Korea was floundering under sanctions. Now it's making billions from stolen cryptocurrency
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In March 2022, a senior software engineer at a gaming company in Singapore got a job offer. It was good news because things weren't great at their current company, Sky Mavis, makers of the play-to-earn game Axie Infinity. The value of its in-game cryptocurrency had crashed. The engineer went through the job application process before finally being sent a PDF with the salary details. He clicked the link, but the job offer was fake.
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In March 2022, a senior software engineer at a gaming company in Singapore got a job offer. It was good news because things weren't great at their current company, Sky Mavis, makers of the play-to-earn game Axie Infinity. The value of its in-game cryptocurrency had crashed. The engineer went through the job application process before finally being sent a PDF with the salary details. He clicked the link, but the job offer was fake.
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🇦🇹 Austria’s Raiffeisen Bank to Roll Out Crypto Trading for Retail Customers in January
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Austria’s Raiffeisen Bank will roll out cryptocurrency trading services to retail customers by the end of January 2024. The service will initially be offered to customers in Vienna, where the 97-year-old bank is headquartered, and be provided in association with cryptocurrency exchange Bitpanda, which signed a letter of intent with the bank earlier this year. “We are starting in Vienna where about a quarter of Austria's population lives,” Curt Chadha, the bank’s head of innovation, said in an interview. “The customer can use their mobile device to enter Bitpanda through the Raiffeisen app. The experience will be familiar, so confirming a trade will work exactly like an account-to-account bank transfer with the same sort of security customers are used to.”
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Austria’s Raiffeisen Bank will roll out cryptocurrency trading services to retail customers by the end of January 2024. The service will initially be offered to customers in Vienna, where the 97-year-old bank is headquartered, and be provided in association with cryptocurrency exchange Bitpanda, which signed a letter of intent with the bank earlier this year. “We are starting in Vienna where about a quarter of Austria's population lives,” Curt Chadha, the bank’s head of innovation, said in an interview. “The customer can use their mobile device to enter Bitpanda through the Raiffeisen app. The experience will be familiar, so confirming a trade will work exactly like an account-to-account bank transfer with the same sort of security customers are used to.”
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👊 CZ Fights Back Against The DOJ’s Efforts to Keep Him in The US
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Former Binance CEO Changpeng Zhao is making moves to fight back against the U.S. efforts to prevent his return to the UAE. Zhao's lawyers argued in a Nov. 23 court filing that the Ex CEO should be allowed to return to the UAE until his February 2024 sentencing. Changpeng Zho’s lawyer made it clear that CZ poses no flight risk despite facing up to 18 months in prison. He reminded that CZ voluntarily returned to the United States to take responsibility for his actions. U.S. prosecutors filed a motion on Nov. 22 arguing Zhao shouldn’t leave the U.S., citing flight risk concerns. The DOJ believes bringing Zhao back from the UAE, if he chooses not to return, would be challenging.
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Former Binance CEO Changpeng Zhao is making moves to fight back against the U.S. efforts to prevent his return to the UAE. Zhao's lawyers argued in a Nov. 23 court filing that the Ex CEO should be allowed to return to the UAE until his February 2024 sentencing. Changpeng Zho’s lawyer made it clear that CZ poses no flight risk despite facing up to 18 months in prison. He reminded that CZ voluntarily returned to the United States to take responsibility for his actions. U.S. prosecutors filed a motion on Nov. 22 arguing Zhao shouldn’t leave the U.S., citing flight risk concerns. The DOJ believes bringing Zhao back from the UAE, if he chooses not to return, would be challenging.
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📰 This Week In Crypto (CW47)
1. BlackRock met with SEC officials to discuss spot Bitcoin ETF
2. US officials announce $4.3B settlement with Binance, plea deal with CZ
3. Cryptocurrency Bill Signed by Governor Gavin Newsom
4. Cryptocurrency farm discovered hidden under Polish Court
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CW46 (last week)
1. BlackRock met with SEC officials to discuss spot Bitcoin ETF
2. US officials announce $4.3B settlement with Binance, plea deal with CZ
3. Cryptocurrency Bill Signed by Governor Gavin Newsom
4. Cryptocurrency farm discovered hidden under Polish Court
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CW46 (last week)
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🌍 Judge Says Former Binance CEO Changpeng Zhao Can’t Leave US Before Sentencing
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Changpeng Zhao, the former CEO of cryptocurrency exchange Binance, was preparing to return to the United Arab Emirates, where his wife and children live, but a district judge halted that part of his bail for now. CZ will continue to stay in the United States at least until his sentence is announced. The proposal requests that Zhao remain in the country until his sentencing in early 2024. Last week, Zhao pleaded guilty to violating the Bank Secrecy Act and subsequently resigned as CEO of Binance, the world's largest cryptocurrency exchange by volume. Binance itself pleaded guilty to charges of violating sanctions and money transfer laws.
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Changpeng Zhao, the former CEO of cryptocurrency exchange Binance, was preparing to return to the United Arab Emirates, where his wife and children live, but a district judge halted that part of his bail for now. CZ will continue to stay in the United States at least until his sentence is announced. The proposal requests that Zhao remain in the country until his sentencing in early 2024. Last week, Zhao pleaded guilty to violating the Bank Secrecy Act and subsequently resigned as CEO of Binance, the world's largest cryptocurrency exchange by volume. Binance itself pleaded guilty to charges of violating sanctions and money transfer laws.
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🔥 MicroStrategy Buys $593 Million Worth of Bitcoin
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Business intelligence firm MicroStrategy announced today that it has purchased an additional 16,130 Bitcoins for approximately $593.3 million. MicroStrategy’s Bitcoin holdings now stand at 174,530 Bitcoins acquired for $5.28 billion at an average price of just over $30,000 per Bitcoin. According to MicroStrategy founder and Executive Chairman Michael Saylor, who tweeted the news, the company paid an average price of $36,785 per Bitcoin in this latest acquisition tranche. With today’s purchase, the value of the holdings is now valued at over 70% of the company’s total stock market valuation of $7.3 billion. MicroStrategy holds a Bitcoin treasury more than 12 times larger than its closest institutional peer, Bitcoin miner Marathon Digital, which has 13,726 Bitcoins worth $517 million at current prices, according to Bitcoin Treasuries.
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Business intelligence firm MicroStrategy announced today that it has purchased an additional 16,130 Bitcoins for approximately $593.3 million. MicroStrategy’s Bitcoin holdings now stand at 174,530 Bitcoins acquired for $5.28 billion at an average price of just over $30,000 per Bitcoin. According to MicroStrategy founder and Executive Chairman Michael Saylor, who tweeted the news, the company paid an average price of $36,785 per Bitcoin in this latest acquisition tranche. With today’s purchase, the value of the holdings is now valued at over 70% of the company’s total stock market valuation of $7.3 billion. MicroStrategy holds a Bitcoin treasury more than 12 times larger than its closest institutional peer, Bitcoin miner Marathon Digital, which has 13,726 Bitcoins worth $517 million at current prices, according to Bitcoin Treasuries.
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☠️ Cristiano Ronaldo faces $1bn lawsuit over Binance ads
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Footballer Cristiano Ronaldo is facing a class action lawsuit in the US over his promotion of Binance, the largest cryptocurrency exchange in the world. The plaintiffs claim his endorsement led them to make loss-making investments. They are seeking damages of "a sum exceeding" $1bn (£790m). The BBC has contacted both Ronaldo's management company and Binance for comment. In November 2022, Binance announced its first "CR7" collection of non-fungible tokens (NFTs) in partnership with Ronaldo, which the footballer said would reward fans "for all the years of support".
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Footballer Cristiano Ronaldo is facing a class action lawsuit in the US over his promotion of Binance, the largest cryptocurrency exchange in the world. The plaintiffs claim his endorsement led them to make loss-making investments. They are seeking damages of "a sum exceeding" $1bn (£790m). The BBC has contacted both Ronaldo's management company and Binance for comment. In November 2022, Binance announced its first "CR7" collection of non-fungible tokens (NFTs) in partnership with Ronaldo, which the footballer said would reward fans "for all the years of support".
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⚖️ A federal judge says SEC lawyers lied to freeze a crypto company’s assets
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A federal judge thinks attorneys from the US Securities and Exchange Commission lied to receive a temporary restraining order, and he’s ordered them to explain why. In an order to show cause filed in Ohio Thursday, judge Robert Shelby has demanded the SEC make a case for why its lawyers shouldn’t be sanctioned by the court after conflicting stories led him to believe the agency presented false and misleading evidence in order to freeze Digital Licensing and DEBT Box’s assets in July 2023.
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A federal judge thinks attorneys from the US Securities and Exchange Commission lied to receive a temporary restraining order, and he’s ordered them to explain why. In an order to show cause filed in Ohio Thursday, judge Robert Shelby has demanded the SEC make a case for why its lawyers shouldn’t be sanctioned by the court after conflicting stories led him to believe the agency presented false and misleading evidence in order to freeze Digital Licensing and DEBT Box’s assets in July 2023.
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📰 This Week In Crypto (CW48)
1. Binance will end support for BUSD stablecoin in December
2. North Korean Hackers Lazarus Group Stolen $3B in Cryptocurrency
3. Bitcoin ETF race gets 13th entrant, BlackRock revises ETF model
4. 'Technical brains' behind near £110,000 cryptocurrency raid in South Lanarkshire sentenced
5. CME Bitcoin futures show investors betting on $40K BTC price
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CW47 (last week)
1. Binance will end support for BUSD stablecoin in December
2. North Korean Hackers Lazarus Group Stolen $3B in Cryptocurrency
3. Bitcoin ETF race gets 13th entrant, BlackRock revises ETF model
4. 'Technical brains' behind near £110,000 cryptocurrency raid in South Lanarkshire sentenced
5. CME Bitcoin futures show investors betting on $40K BTC price
🚀 Get your daily news summarized with CryptoExplorer AI
CW47 (last week)
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🚀 Bitcoin Sails Past $41K as Crypto Market Recovers to Pre-Terra Levels
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The price of bitcoin (BTC) moved past $41,000 during the Monday business day in Asia, for the first time since April 2022 – prices not seen before the crash of Terra – while Ether (ETH) moved past $2,200. Bitcoin’s price had been toying with the $40,000 level in recent days, but finally breached it Monday to trade above $41,400 as of press time, according to CoinDesk Indicies data, a 24-hour rise of about 5%. Ether was trading hands at $2,240, a similar percent rise over the past 24 hours. The other top ten cryptocurrencies by market capitalization marked smaller gains, though BNB coin (BNB), a token affiliated with the Binance exchange, was down about 0.1% over the past day.
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The price of bitcoin (BTC) moved past $41,000 during the Monday business day in Asia, for the first time since April 2022 – prices not seen before the crash of Terra – while Ether (ETH) moved past $2,200. Bitcoin’s price had been toying with the $40,000 level in recent days, but finally breached it Monday to trade above $41,400 as of press time, according to CoinDesk Indicies data, a 24-hour rise of about 5%. Ether was trading hands at $2,240, a similar percent rise over the past 24 hours. The other top ten cryptocurrencies by market capitalization marked smaller gains, though BNB coin (BNB), a token affiliated with the Binance exchange, was down about 0.1% over the past day.
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🔥 Crypto execs say the bull run is underway and could lead to $100,000 Bitcoin in 2024
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Executives in the cryptocurrency industry called the start of a new bull run with a growing number of voices calling for fresh all-time highs for bitcoin in 2024 above $100,000. Bitcoin has rallied more than 120% this year, with many optimistic about the surge continuing into 2024. “It feels that [2023]was a year to get ready for the bull run that is yet to come. But the sentiment is very hopeful for [2024] and 25,” Pascal Gauthier, CEO of Ledger, told CNBC last week in an interview.
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Executives in the cryptocurrency industry called the start of a new bull run with a growing number of voices calling for fresh all-time highs for bitcoin in 2024 above $100,000. Bitcoin has rallied more than 120% this year, with many optimistic about the surge continuing into 2024. “It feels that [2023]was a year to get ready for the bull run that is yet to come. But the sentiment is very hopeful for [2024] and 25,” Pascal Gauthier, CEO of Ledger, told CNBC last week in an interview.
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🚀 Qatar Sovereign Wealth Fund Is Reportedly Ready To Splash A Jaw-Dropping $500 Billion On Bitcoin
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Rumours are swirling in the cryptosphere that Qatar’s sovereign wealth fund is gearing up to invest half a trillion dollars in bitcoin (BTC). The investment move is likely motivated by the potential for massive profits and the growing acceptance of Bitcoin as a mainstream asset class. The unconfirmed news comes in the wake of Bitcoin crossing the $42,000 mark on Monday as optimism around a possible Bitcoin spot exchange-traded fund (ETF) approval in the U.S. continued to increase. According to bitcoin maximalist Max Keiser, Qatar’s sovereign wealth fund (QSWF), responsible for managing the nation’s vast oil and gas-generated wealth, is looking to splurge as much as $500 billion on the benchmark cryptocurrency, bitcoin. To put things into perspective, this investment will outshine the disclosed Bitcoin position of Michael Saylor-founded MicroStrategy by a shocking 671 times. MicroStrategy is currently the largest corporate holder of Bitcoin, holding 174,530 BTC after its November purchase.
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Rumours are swirling in the cryptosphere that Qatar’s sovereign wealth fund is gearing up to invest half a trillion dollars in bitcoin (BTC). The investment move is likely motivated by the potential for massive profits and the growing acceptance of Bitcoin as a mainstream asset class. The unconfirmed news comes in the wake of Bitcoin crossing the $42,000 mark on Monday as optimism around a possible Bitcoin spot exchange-traded fund (ETF) approval in the U.S. continued to increase. According to bitcoin maximalist Max Keiser, Qatar’s sovereign wealth fund (QSWF), responsible for managing the nation’s vast oil and gas-generated wealth, is looking to splurge as much as $500 billion on the benchmark cryptocurrency, bitcoin. To put things into perspective, this investment will outshine the disclosed Bitcoin position of Michael Saylor-founded MicroStrategy by a shocking 671 times. MicroStrategy is currently the largest corporate holder of Bitcoin, holding 174,530 BTC after its November purchase.
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