The New York Stock Exchange (NYSE) has announced plans to launch financial products tied to the spot price of Bitcoin. The NYSE is collaborating with CoinDesk Indices to develop cash-settled index options that will track the CoinDesk Bitcoin Price Index (XBX). BREAKING: 🇺🇸 New York Stock Exchange to launch financialContinue Reading
BlackRock’s spot bitcoin exchange-traded fund (ETF), iShares Bitcoin Trust (IBIT), has overtaken Grayscale’s Bitcoin Trust (GBTC) as the world’s largest Bitcoin ETF. As of May 28, IBIT holds over $20 billion in assets with 288,670 Bitcoin in its trust. This surpasses GBTC’s $19.7 billion in assets and 287,450 bitcoin holdings.Continue Reading
The first bitcoin exchange-traded products (ETPs) have debuted trading on the London Stock Exchange after receiving approval from the UK’s Financial Conduct Authority. Asset managers WisdomTree and 21Shares both listed bitcoin ETPs on the LSE today. NEW: 🇬🇧#Bitcoin ETPs will start trading on the London Stock Exchange today. Are youContinue Reading
Kenya has signed a deal with Bitcoin miner Marathon Digital Holdings to monetize the country’s underutilized energy resources. This partnership, announced by Marathon’s CEO Fred Thiel on X, marks a significant step towards leveraging Kenya’s surplus energy for Bitcoin mining and technological development. Signed! Kenya and @MarathonDH sign a historicContinue Reading
U.S. spot bitcoin ETFs continue their hot streak, recording $107.91 million in inflows on Thursday for their 9th straight day of gains. This marks the longest inflows since mid-March, when the products saw 10 consecutive positive days. The appetite for spot bitcoin ETFs reflects their massive success since launching earlierContinue Reading
The following is an excerpt on Bitcoin Pizza Day from “Fiat Ruins Everything” by Jimmy Song. Visit the Bitcoin Magazine Store to order a print, digital or audio copy of the book. Pizza Day is often viewed with a sense of regret. The well-known story goes like this: many yearsContinue Reading
This article is featured in Bitcoin Magazine’s “The Inscription Issue”. Click here to get your Annual Bitcoin Magazine Subscription. This article is based on data as of November 15, 2023. The data in this article was prepared by SQRR Research, https://sqrr.xyz Bitcoin, Not Blockchain Bitcoin, not blockchain. This has beenContinue Reading
The UK’s Financial Conduct Authority (FCA) has approved asset manager WisdomTree to list Bitcoin and Ethereum exchange-traded products (ETPs) on the London Stock Exchange (LSE). BREAKING: 🇬🇧 Financial Conduct Authority has approved #Bitcoin ETPs to list on the London Stock Exchange. Gradually, then suddenly 🚀 pic.twitter.com/hMjN24qRMl — Bitcoin Magazine (@BitcoinMagazine)Continue Reading
This article is featured in Bitcoin Magazine’s “The Inscription Issue”. Click here to get your Annual Bitcoin Magazine Subscription. Bitcoin allows for the permanent inscribing of data onto the public record. Still, whistleblowing on the blockchain remains a terrible idea. Leaking information is risky business. If you’ve obtained sensitive informationContinue Reading
Bitcoin sceptics frequently argue that bitcoin lacks intrinsic value, claiming that investments like real estate, with their tangible cash flows, are superior. In this article, I will debunk the myth of ‘intrinsic value’ and illustrate why cash flow has no direct impact on an asset’s ability to serve as aContinue Reading
