Tim Scott champions Bitcoin as investment opportunity
Senator Tim Scott (R-Lausanne-Concord) first publicly voiced his support for Bitcoin and cryptocurrencies at the Bitcoin 2024 conference. The South Carolina Republican’s comments will come as a major boost to crypto investors, given that Scott is the ranking Republican on the Senate Banking Committee, which oversees the Securities and Exchange Commission. During a one-on-one discussion […]
Grayscale sheds $20B from Bitcoin and Ether ETFs – Cointelegraph
Asset management firm Grayscale Investments recorded combined outflows of more than $20.4 billion from its Bitcoin and Ethereum spot exchange-traded funds (ETFs). The Grayscale Bitcoin Trust ETF (GBTC) has lost an average of about $137.7 million a day in the seven months since its launch on Jan. 11. As of July 29, GBTC had recorded […]
Donald Trump shakes the financial order at the Bitcoin Conference
When President Donald J. Trump took to the stage in Nashville on Saturday to deliver an impassioned speech to thousands of raucous attendees, it was a historic moment in bitcoin and international finance history, as it marked the first time a leading presidential candidate (sorry to RFK Jr., who spoke on Friday) has fully defended […]
Trump and RFK Jr., speaking at the Bitcoin conference, call for rejecting centralized banking
This weekend, presidential candidates Donald Trump and Robert F. Kennedy Jr. excited crypto enthusiasts and investors with their speeches at the 2024 Bitcoin Conference in Nashville, Tennessee. Speaking on a conference panel, Kennedy described the government’s reliance on the Federal Reserve as “parasitic.” “The relationship between Congress and the Federal Reserve is both parasitic and […]
Crypto shares surge after Trump emerges as the crypto candidate at world’s largest Bitcoin conference
Shares of the New York-based cryptocurrency company surged on Monday after Republican presidential candidate Donald Trump endorsed Bitcoin and promised friendlier regulations for the industry. The former president, speaking at the 2024 Bitcoin Conference in Nashville, Tennessee over the weekend, vowed that if re-elected to the White House, “the United States will become the crypto […]
Bitcoin ETF update: Rising interest with weekly net inflows of $535M – AMBCrypto News
Bitcoin has entered the $69,000 price range. The new price range could impact ETF flows this week. The latest Bitcoin ETF update revealed that most ETF companies have experienced positive capital inflows over the past week, indicating strong investor interest. Only one major ETF company reported negative inflows, an anomaly amid the bullish trend in […]
Record $39.4B Bitcoin open interest suggests imminent price breakout – Cointelegraph
Bitcoin futures open interest has hit an all-time high, suggesting growing investor demand for the world’s largest cryptocurrency. Is a price surge imminent? Bitcoin (BTC) open interest, a metric that monitors the total number of open positions in the underlying asset, reached a record high of $39.46 billion across exchanges. The current figure surpasses the […]
Bitcoin Above $69,000 as Inflation Shows Signs of Easing Ahead of Fed Meeting – Decrypt
U.S. prices rose modestly in June, suggesting inflation is subsiding, which could lead the Federal Reserve to cut interest rates in September, paving the way for higher prices for risky assets, including cryptocurrencies. The Commerce Department reported Friday that consumer spending slowed slightly last month, and easing price pressures and a cooling labor market may […]
State of Michigan Unveils Nearly $6,600,000 Investment in ARK 21Shares Bitcoin ETF – The Daily Hodl
New documents reveal that the state of Michigan has millions of dollars worth of investments in the ARK 21Shares Bitcoin (BTC) exchange-traded fund (ETF). According to the new 13-F Filing The State of Michigan Retirement System, in cooperation with the U.S. Securities and Exchange Commission (SEC), has purchased 110,000 shares of the ARK 21Shares BTC […]
Bitcoin Miners Weathering ‘Identity Crisis’ as Some Eye AI and Acquisitions – Decrypt
Bitcoin mining companies benchmarked each other at Bitcoin 2024 in Nashville last weekend, as the post-halving situation continues to put pressure on companies’ established business models. While some public companies are seeing industry-wide hurdles as an opportunity to expand or even launch hostile takeover attempts, others are seeking to gain an advantage by diversifying revenue […]