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💰 Bitcoin Network's Mining Difficulty Drops 3.9% to 70.34 Trillion, Easing Miner Workload Amid Texas Cold Snap
On Saturday, the Bitcoin network experienced its first difficulty reduction of the year, witnessing a 3.9% decrease at block height 826,560. As a result, the network’s mining difficulty now stands at 70.34 trillion, with the next adjustment anticipated on Feb. 4, 2024.
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💰 Spot Bitcoin ETFs scoop up another 10,600 BTC on day 5
Spot Bitcoin exchange-traded fund (ETF) issuers added another net 10,667 Bitcoin to their crypto stacks on their fifth trading day amid increasing trading volumes.Data compiled by X (formerly Twitter) account CC15Capital for Jan. 17 shows that a net $440 million in Bitcoin was added to their holdings at the end of the day. BlackRock’s ETF accounted for the lion’s share of the purchases with 8,700 BTC, worth nearly $358 million.
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⚪️ VeChain Official Account Hacked, Used to Promote Scam Giveaway
VeChain, a prominent blockchain-based protocol, became the latest victim of a cyber attack when its official X account was compromised on January 18, 2024. The hackers used the account to orchestrate a scam giveaway, targeting VeChain (VET) and Ethereum (ETH) holders with promises of lucrative returns. This incident adds to the growing list of cybersecurity breaches in cryptocurrency.
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💰 Bitcoin ETFs exploded with $10 billion traded in first days, overshadowing combined 2023 ETF launches
According to Bloomberg ETF analyst Eric Blachunas, during the first three trading days of the newly launched Bitcoin ETFs, almost $10 billion was traded, dwarfing the activity of other ETFs launched in 2023. The total trading volume for all 500 ETFs launched in 2023 combined was a mere $450 million, according to Balchunas.
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🪙 Elon Musk Still Owns 'a Bunch of Dogecoin' — Spacex Owns 'a Bunch of Bitcoin'
Tesla CEO and Spacex chief Elon Musk has revealed that he still owns “a bunch of dogecoin,” affirming his commitment to keep buying and supporting the meme cryptocurrency. Musk additionally revealed that his company Spacex still owns “a bunch of bitcoin.”
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🇺🇸 SEC agrees to delay Terra trial so that Do Kwon can attend proceedings
The U.S. Securities and Exchange Commission (SEC) has agreed to delay a trial against Terraform Labs and its former top executive, Reuters said on Jan. 15. The regulator said that a “modest” delay of the trial date is justified because Terraform Labs’ co-founder, Do Kwon, intends to attend the trial.
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💰 Samson Mow believes Bitcoin will surge to $1 million 'within days or weeks' once supply crunch hits
JAN3 CEO and Bitcoin bull Samson Mow believes that Bitcoin will see a significant supply shock in the coming days that could potentially cause its price to surge to $1 million within a matter of ‘days or weeks.’
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💰 Blackrock CEO Larry Fink on Bitcoin: I'm a Big Believer — Its Bigger Than Any Government
Larry Fink, the CEO of Blackrock, the world’s largest asset manager, says he has become “a big believer” in bitcoin, emphasizing that it is “bigger than any government.”.
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🥇 Grayscale moves $183m in BTC amid ETF fee competition
Grayscale Bitcoin Trust transferred approximately 4,000 BTC to Coinbase Prime deposit addresses
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💰 JPMorgan says spot bitcoin ETFs could see up to $36 billion of inflows in rotational capital
Spot bitcoin exchange-traded funds, which began trading in the U.S. today, are not anticipated to draw in a significant amount of fresh capital; instead, they may experience a shift of up to $36 billion in inflows from existing crypto instruments, according to JPMorgan.
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🇺🇸 Gary Gensler: 'While we approved the listing and trading of certain spot BitcoinETF shares today, we did not approve or endorse Bitcoin.'
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💰 Gary Gensler reports SEC X account ‘compromised’ — No spot Bitcoin ETF approval yet
Gensler’s post came 15 minutes after the SEC’s X account falsely reported that spot Bitcoin ETFs were approved.
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💰 VanEck Surges with $72.5M, Bitwise and Pantera Capital Raise the Stakes! 💡🌐
Get ready for a financial spectacle as potential issuers of spot Bitcoin ETFs spill the beans on their initial funding, paving the way for an exciting chapter in the world of crypto investments! 📈💼
💎 VanEck Leads the Charge with a Stellar $72.5 Million Seed Investment! 🌟🚀
VanEck, the financial powerhouse, steals the spotlight with an impressive $72.5 million direct investment to seed its potential spot Bitcoin ETF, signaling a thrilling journey into the future of crypto finance! 💰🌈 Brace yourself for a revolution led by VanEck!
🌟 Bitwise Enters the Arena with a $500,000 Seed, Pantera Capital Throws a $200 Million Curveball! 💰📊
Bitwise steps up, seeding its proposed ETF with $500,000. But the real showstopper? Pantera Capital's jaw-dropping interest of $200 million in the fund, a bold move pending approval. 🚀💼 Note: Interest is non-binding but sends ripples through the crypto space! 🔥🚨
💼 BlackRock Adds $10 Million to the Crypto Pot! 💡🌐
Global giant BlackRock makes its presence felt, injecting a solid $10 million to seed its potential spot Bitcoin ETF, adding weight to the ever-growing competition! 💪💸
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📈🚨 SEC Sounds FOMO Alarm: Stay Smart Ahead of Spot Bitcoin ETF Verdict! ⚠️💡
In a strategic move, the U.S. Securities and Exchange Commission (SEC)’s Office of Investor Education and Advocacy has issued a crucial FOMO alarm on social media platform X, addressing the looming risks of the Fear of Missing Out (FOMO) in the cryptocurrency landscape. This advisory, part of a recent series, provides essential insights for investors navigating the unpredictable financial terrain. 🌐🔍
'NO GO to FOMO': SEC Advocates Prudent Investment Decisions
The SEC's Office of Investor Education and Advocacy sends a clear message: 'NO GO to FOMO.' Investors are urged to tread carefully, highlighting that the popularity of an investment among peers does not guarantee its suitability for everyone. 💡🚫
Craft Your Investment Strategy: SEC Encourages Informed Choices
The SEC encourages investors to adopt a personalized approach, aligning their investment decisions with individual goals and risk tolerance. The advisory sheds light on the diverse array of digital assets, including cryptocurrencies, ICO tokens, meme stocks influenced by online trends, and non-fungible tokens (NFTs). 🔄💸
Spot Bitcoin ETF Decision Looms: SEC's Timely Guidance
As the SEC approaches a critical decision on spot Bitcoin exchange-traded funds (ETFs), this cautionary note gains heightened significance. An eagerly anticipated announcement early next week could potentially reshape the landscape of Bitcoin ETFs, starting from January 11. 📅🌟
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💰 BlackRock's Bold Moves: Bitcoin ETF Anticipation Amidst Strategic Workforce Adjustments 🚀🌐
Exciting developments are in motion as BlackRock, the world's largest money management firm, gears up for potential approval of its Spot Bitcoin ETF on Wednesday, according to Fox Business. Meanwhile, the financial juggernaut is set to announce a calculated workforce adjustment, reducing around 3% of its global workforce, equivalent to approximately 600 employees. 🔄💼
🌍 Navigating Change: BlackRock's Routine 3% Workforce Trim 🔍💪
Described as routine internally, the impending layoffs are part of BlackRock's strategic approach to align its workforce with evolving business needs. A source familiar with the matter highlights that these adjustments follow a similar process based on performance metrics from the previous year. 💼💔
📈 Market Resurgence: BlackRock Shares Rally with a 6% Surge in 2023 📊📈
After a challenging 2022, which saw a 21% dip in BlackRock shares, the financial giant has witnessed a robust resurgence in 2023, boasting a 6% surge. The rebound is attributed to significant inflows of $187 billion into BlackRock's Exchange Traded Fund (ETF) business, reflecting renewed investor confidence. 🚀💹
💼 Strategic Optimizations: BlackRock's Ongoing Workforce Evaluation 🔄💡
Aligning with corporate goals, BlackRock's periodic evaluations ensure that the workforce is attuned to the evolving demands of the financial landscape. These proactive measures, part of an ongoing process initiated last year, showcase BlackRock's commitment to strategic optimization based on performance metrics. 💼🚀
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🟠 Binance.US CEO Criticizes SEC’s Digital Asset Regulation Tactics
Binance.US Interim CEO Norman Reed has openly criticized the Securities and Exchange Commission’s (SEC) approach to regulating digital assets. In a recent op-ed for Fortune, Reed, leveraging his experience as a former SEC employee, expressed his concerns about the agency’s strategy, which he believes deviates from its core principles and potentially harms the US economy.
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🏦 Coinbase has 70% chance of winning against SEC: Bloomberg analyst
An analyst for Bloomberg Intelligence placed Coinbase’s chances of prevailing in its legal battle with the U.S. Securities and Exchange Commission (SEC) at an optimistic 70%. In a Jan. 19 post on social media platform X (formerly Twitter), Elliot Stein, Bloomberg Intelligence’s senior litigation analyst, suggested that the cryptocurrency trading platform was likely to secure a complete dismissal of the regulatory case based on developments in the recent court hearing.
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🥇 BlackRock on track to surpass Grayscale Bitcoin holdings in 37 days
BlackRock’s IBIT Bitcoin ETF has recently made headlines, surpassing a net inflow of $1 billion and acquiring 25,067 Bitcoin within four trading days. A deeper analysis reveals that at this acquisition rate, it would reach 592,000 BTC – an equivalent to Grayscale’s current holdings – in approximately 178 days, setting a target date around mid-July.
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🪙 Ripple’s Brad Garlinghouse Cancels US IPO Plan
Ripple’s CEO Brad Garlinghouse has announced suspending plans for an initial public offering (IPO) in the United States. Citing a “hostile” regulatory environment, Garlinghouse revealed that Ripple had explored alternative markets for its IPO, pointing to jurisdictions with clearer regulatory frameworks.
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🪙 Tether challenges UN claims of USDT use in illegal activities, advocates for blockchain education
Stablecoin issuer Tether criticized the United Nations report, claiming that its USDT tokens are being used for illegal activities. In a Jan. 16 blog post, Tether said the monitoring its stablecoins attract from regulatory authority surpasses those of the traditional banking systems.
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Breaking:🆘 Bitcoin, Ethereum, & XRP Usher $1.18 Billion In Crypto Funds Inflow
Crypto asset investment products saw $1.18 billion inflows (subject to T+2 settlement), according to CoinShares weekly report on January 15. Despite the huge spot Bitcoin ETF hype, it fails to break the $1.5 billion record of futures-based Bitcoin ETFs in October 2021.
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🔵 Ethereum (ETH) Outperformed Bitcoin (BTC) During ETF Approval Week
While BTC has declined during the week it saw multiple ETFs approved, Ethereum has gone in the other direction, perhaps fueled by hype that it will also have exchange-traded products launching at some point.
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🇺🇸 SEC Statement on the Hack of Its X Account and the Resulting Fake Bitcoin ETF Approval Announcement
The U.S. Securities and Exchange Commission released this statement in response to the hack of its X account that led to a fake announcement being issued in the SEC's name saying the regulator had a approved a spot bitcoin exchange-traded fund:
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🥇 UBS and Citi Will Let Some Customers Trade Bitcoin ETFs
UBS, the Zürich-based banking giant, will let some clients who desire to trade bitcoin ETFs do so, subject to some conditions, according to a person familiar with the matter.
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🚨JUST IN: 💰 Bitcoin SPOT ETF Starts with a Bang, Achieving $2,3 Billion Trading Volume in the First Minutes.
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🏦 Coinbase May Be Biggest Winner if SEC Approves Spot Bitcoin ETF
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🥇 Honduran City of Prospera Adopts Bitcoin as Unit of Account
The city of Prospera in Honduras has recently adopted bitcoin as a unit of account, allowing companies to pay taxes and determine obligations in bitcoin. The measure could incentivize the development of a circular economy, given that bitcoin has been legal tender in the city since 2022.
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💰 Bitcoin ETFs Edge Closer to Reality: Titans Battle in Fee Wars for Ultimate Approval! 💼💰
In a pivotal move, industry giants such as BlackRock, Ark Invest/21Shares, VanEck, WisdomTree, Invesco, Fidelity, and Valkyrie have submitted amended S-1 forms, marking the conclusive step before the potential approval of spot Bitcoin ETFs. The race for the golden seal of approval is intensifying! 🏁🌟
Amended S-1 Forms Filed: The Countdown to Bitcoin ETF Approval Begins
Cryptocurrency enthusiasts eagerly await the outcome as key players submit amended S-1 forms, signifying the penultimate phase before a potential green light for spot Bitcoin ETFs. BlackRock, Ark Invest/21Shares, VanEck, WisdomTree, Invesco, Fidelity, and Valkyrie are all vying for supremacy. 📑🚀
Fee Wars Escalate: BlackRock Sets Sponsor Fee at 0.3%
In a strategic maneuver, BlackRock reveals its sponsor fee at 0.3%, with a notable reduction to 0.2% for the first year or until the ETF hits $5 billion in assets. This unexpected fee cut reverberates through the industry, prompting Bloomberg ETF analyst Eric Balchunas to exclaim, "Life just got a LOT tougher for everyone else. The ETF Terrordome is no joke." 😱💼
VanEck's Strategic Edge: Joint Lowest Permanent Fee at 0.25%
VanEck positions itself as a frontrunner by opting for a joint lowest permanent fee among issuers at 0.25%. The battle for supremacy in the fee landscape is fierce, and VanEck strategically secures a position. 🏆💸
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💰 VanEck Strategist Proposes Bitcoin ETFs to Smash Psychological Barriers! 🚀💰
Gabor Gurbacs, an influential adviser at VanEck, unveils a groundbreaking solution to the unit bias conundrum, suggesting that Bitcoin Exchange-Traded Funds (ETFs) could be the game-changer needed to entice a new wave of investors. 🔄💭
Unit Bias Challenge: Breaking Down Barriers to Bitcoin Ownership
The hesitation to buy fractions of Bitcoin, fueled by unit bias psychology, has long been a barrier for potential investors. Gurbacs argues that Bitcoin ETFs offer a strategic remedy, making crypto investment more accessible by providing a path for fractional ownership. 🌐🔓
Social Media Advocacy: Gurbacs Takes to X to Spread the Word
Leveraging the power of social media, particularly X (formerly Twitter), Gabor Gurbacs sheds light on the prevailing lack of awareness surrounding fractional Bitcoin ownership. Emphasizing the psychological satisfaction of owning complete assets, he states, "Owning a full share feels better than owning 0.001 Bitcoin. Seems like a small thing but it’s a big thing." 📲💬
Market Understanding through Biases
While acknowledging the ongoing unit bias debate, Gurbacs insists that biases are critical tools for deciphering market dynamics. "Simplistic but unit bias psychology matters a lot. I think about this a lot," he comments, emphasizing the nuanced factors influencing investment decisions. 🧠📊
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💰 VanEck's Game-Changing Move: Allocates 5% of Bitcoin ETF Profits to Empower Bitcoin Core Developers! 🚀💰
In a groundbreaking commitment that's set to redefine the future of Bitcoin, VanEck, the Bitcoin ETF hopeful, announces its pledge to contribute a substantial 5% of its Bitcoin ETF profits to the unsung heroes – the Bitcoin Core developers! 💻💡
🔗 VanEck & Brink: A Fusion for Crypto Progress! 🌐🤝
Pending approval from the U.S. Securities and Exchange Commission (SEC), VanEck's generous donations will flow through Brink, a non-profit organization dedicated to connecting donor funds with Bitcoin code testers and maintainers. This dynamic collaboration, involving major crypto exchanges like BitMEX, Kraken, and Coinbase, aims to fuel innovation and progress within the entire crypto ecosystem.
🚀 VanEck's Legacy Meets Crypto's Future! 🌟💼
With a rich history dating back to 1955 as an active ETF and mutual fund manager, VanEck brings decades of financial expertise to the crypto space. Managing a whopping $76.4 billion in assets as of September 2023, VanEck's commitment signals a fusion of traditional finance and the futuristic world of cryptocurrencies.
🌈 Beyond Words: VanEck's Tangible Support! 💪🌐
In a powerful statement, VanEck declared, "We're not Bitcoin tourists. We're in it for the long haul." Proving their commitment, VanEck has already kickstarted their pledge with a significant $10,000 donation to the developers, demonstrating tangible support for the backbone of the Bitcoin ecosystem.
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