Bitcoin News

Crypto-to-fiat liquidity startup Xanpool raises $27M

Crypto-to-fiat liquidity startup Xanpool raises $27M

Cryptocurrency-to-fiat infrastructure provider Xanpool continues expanding operations in the Asia Pacific (APAC) by securing fresh funding. The Hong Kong-based startup raised $27 million in a Series A funding round led by Valar Ventures, the venture capital firm co-founded by PayPal co-creator Peter Thiel. Other participating investors included crypto-focused venture capital firm CMT Digital as well …

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Early meeting of E-Gold founders may hold clue to Satoshi Nakamoto’s identity — Peter Thiel

Early meeting of E-Gold founders may hold clue to Satoshi Nakamoto’s identity — Peter Thiel

PayPal co-founder and billionaire venture capitalist Peter Thiel believes he may hold a clue on how to find Satoshi Nakamoto, Bitcoin’s (BTC) pseudonymous creator who disappeared two years after mining the cryptocurrency’s genesis block in January 2009.  His theory stems from an early meeting of E-Gold founders in February 2000, where roughly 200 people coalesced …

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Bitcoin bulls set to net an $830M profit after Friday's BTC options expiry

Bitcoin bulls set to net an $830M profit after Friday’s BTC options expiry

Two or three weeks ago, when Bitcoin (BTC) was trading below $52,000, a trader betting on $65,000 by Oct. 22 would have been considered extremely optimistic. The fact that 98% of the put (sell) options for Bitcoin’s weekly options expiry this Friday have been placed below that price proves that this is true. Fast forward …

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JPMorgan says inflation concerns, not ETFs, driving Bitcoin price jump

JPMorgan says inflation concerns, not ETFs, driving Bitcoin price jump

Bitcoin (BTC) broke its all-time high price level following the launch of ProShares’ Bitcoin Strategy exchange-traded fund (BITO) on Tuesday, but JPMorgan Chase strategists believe the key driver behind the price jump is investor concern over inflation. The BITO launch, which saw the highest ever first-day natural volume for an ETF, is “unlikely to trigger …

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Ark Invest founder Cathie Wood passed on buying the first Bitcoin Futures ETF

Ark Invest founder Cathie Wood passed on buying the first Bitcoin Futures ETF

Ark Invest founder and CEO Cathie Wood did not invest in the ProShares Bitcoin Strategy Exchange Traded Fund, or ETF, on opening day, according to Business Insider.  Wood said about the ETF’s debut: “No, we did not [invest]. We’re looking at this very carefully […] there are some tax ramifications we’d like to understand more …

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Subsidiary of Mexican airline Volaris accepts Bitcoin payments

Subsidiary of Mexican airline Volaris accepts Bitcoin payments

As a result of El Salvador’s mainstream Bitcoin (BTC) adoption, Volaris El Salvador, a local subsidiary of budget Mexican airline Volaris, will accept Bitcoin as payment. The Bitcoin move comes a month after Salvadoran aviation authorities gave Volaris’s local subsidiary permission to operate in the country. Salvadoran President Niyab Bukele took to Twitter to announce …

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Bitcoin futures ETF debuts with highest ever first day 'natural' volume of $1B

Bitcoin futures ETF debuts with highest ever first day ‘natural’ volume of $1B

ProShares’ Bitcoin Strategy exchange-traded fund (BITO) saw the highest ever first day “natural” volume for an ETF, with the figure reaching a little over $1 billion by the end of the opening day. It is second overall, tailing just behind the Blackrock US Carbon Transition Readiness ETF which booked $1.16B in volume on its debut …

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Fintech panel forecasts $80K BTC price top this year — Finder poll

Fintech panel forecasts $80K BTC price top this year — Finder poll

A favorable macro environment, strong on-chain fundamentals and the approval of new futures-based exchange-traded funds (ETFs) in the United States are set to launch Bitcoin (BTC) to new all-time highs this quarter, according to a survey of fintech industry specialists commissioned by Finder. The 50-person industry panel expects Bitcoin to peak just above $80,000 this …

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‘All bears will die’ — Bitcoin metric prepares to flip green for the first time in 6 months

‘All bears will die’ — Bitcoin metric prepares to flip green for the first time in 6 months

A “favorite” Bitcoin (BTC) price signal could be about to turn bullish — and upside has always resulted, data shows. As noted by podcast host Preston Pysh on Oct. 18, the Long-Term & Short-Term Holder Realized Price Ratio (LTHSTH-RPR) looks primed to print a bull flag. Chart hints at return of the bulls It may …

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Here’s why analysts are saying ‘No FOMO’ ahead of Bitcoin’s ETF launch

Here’s why analysts are saying ‘No FOMO’ ahead of Bitcoin’s ETF launch

The day the crypto traders have long-awaited is almost here. At the opening bell on Oct. 19, a ProShares futures-based BTC ETF is scheduled to launch and analysts are predicting that additional ETFs will rollout over the coming week.  Data from Cointelegraph Markets Pro and TradingView shows that an early morning attempt by bears to …

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Institutional managers hold a record $72.3B of crypto — CoinShares

Institutional managers hold a record $72.3B of crypto — CoinShares

Institutional inflows into cryptocurrency products rose last week, as investment managers increased their exposure to Bitcoin (BTC) and leading altcoins, according to the latest CoinShares report.  Total assets held by institutional managers reached $72.3 billion for the week ending Sunday, Oct. 17, the highest level on record. By comparison, institutional crypto holdings were worth $57 …

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Next Bitcoin price crash will be 'shallower' than 80%, says Pantera Capital CEO

Next Bitcoin price crash will be ‘shallower’ than 80%, says Pantera Capital CEO

Bitcoin (BTC) market’s tendency to crash by over 80% after logging strong bull runs might come to an end. That is according to a new report published by California-based hedge fund Pantera Capital. In detail, the report notes that the recent periods of BTC price drops have been less severe than in the past. For …

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