Bitcoin

Bitcoin plunges to $52,000 as $7.6 billion in crypto long positions liquidated

Bitcoin plunges to $52,000 as $7.6 billion in crypto long positions liquidated

$7.6 billion in crypto long positions have been liquidated over the past hour as bitcoin’s price plunged to $52,000, data from bybt.com shows. Bitcoin’s price began to trend downwards early Saturday, but the steep plunge began around 3:00 UTC on Sunday.  Bitcoin’s price dropped by more than 10% over the past hour, from $58,000 to …

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Latest bitcoin ETF filing submitted by First Advisors, SkyBridge Capital

Kryptoin reignites its bid for a bitcoin ETF with an amended S-1

After a year and a half of inactivity, Kryptoin has filed an amendment to its 2019 application for a bitcoin exchange-traded fund (ETF). Previously, it intended to list shares of the “Kryptoin Bitcoin ETF Trust” on NYSE Arca, but the amended S-1 names Cboe BZX as its intended exchange. The Kryptoin ETF aims to provide …

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Bitcoin mining chipmaker TSMC to invest $100 billion over three years to grow its capacity

Bitcoin mining chipmaker TSMC to invest $100 billion over three years to grow its capacity

Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker that counts the world’s bitcoin hardware designers among its clientele, plans to invest $100 billion over the next three years to grow its capacity. “TSMC expects to invest USD$100b over the next three years to increase capacity to support the manufacturing and R&D of advanced …

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Coinbase settles with CFTC for $6.5 million over data reporting, employee wash trading allegation

Owner of bitcoin trading scheme Control-Finance ordered to pay $572 million

The U.S. District Court for the Southern District of New York has ordered the operator of bitcoin trading scheme Control-Finance to pay nearly $143 million in restitution and $429 million in penalties. Benjamin Reynolds allegedly failed to attend multiple court dates in a case from the Commodity Futures Trading Commission (CFTC), resulting in a default …

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Why this retirement fund has invested in Bitcoin

Why this retirement fund has invested in Bitcoin

New Zealand-based retirement saving schemes KiwiSaver, one that is operated by NZ Funds Management, has invested about five percent of its assets in Bitcoin. Local reports stated that as of December last year, the Funds Management’s KiwiSaver Growth Strategy fund had investments worth just over $350 million​.  The Fund Manager reportedly changed its “offer documents” …

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Latest bitcoin ETF filing submitted by First Advisors, SkyBridge Capital

Exchange giant Cboe could re-list bitcoin futures, suggests CEO

Exchange giant Cboe Global Markets could re-list bitcoin futures, CEO Ed Tilly has suggested. “We’re still interested in the space, we haven’t given up on it,” Tilly told Bloomberg in a report published Thursday. “We’re keen on building out the entire platform. There’s a lot of demand from retail and institutions, and we need to …

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Bitcoin SV, Augur, Nano Price Analysis: 17 March

Bitcoin SV, Augur, Nano Price Analysis: 17 March

Bitcoin SV regained the $191-mark but decreasing volatility indicated a period of consolidation at the press time price level. Augur formed a descending triangle as the price dropped from the $34.45-resistance, while a bear market for NANO made a northbound move difficult for the buying side. Bitcoin SV [BSV] Source: BSV/USD, TradingView A hike above …

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FalconX says $50M raise will help it woo billion-dollar hedge funds to the bitcoin market

FalconX says $50M raise will help it woo billion-dollar hedge funds to the bitcoin market

After raising $50 million at a valuation near $700 million, crypto brokerage and trading startup FalconX is preparing to expand its customer base of deep-pocketed hedge funds. According to chief executive Raghu Yarlagadda, who previously worked as a lead product manager for Google, the fresh capital will allow the company to expand its sales and …

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