[ad_1] 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 you prepared? 👀 pic.twitter.com/llurxr1NjC— Bitcoin Magazine (@BitcoinMagazine) May 28, 2024 Last week, the FCA gave the green light for Bitcoin ETNs to be listed on the exchange. This enabled today’s launch from issuers who had been awaiting regulatory clearance to bring Bitcoin ETNs to the LSE.21Shares listed two Bitcoin products: the 21Shares…
Author: dfrancis36
[ad_1] A crypto analyst says whales have abruptly accumulated tens of millions of dollars worth of Dogecoin (DOGE) in just a matter of days. Crypto strategist Ali Martinez tells his 63,100 followers on the social media platform X that deep-pocketed investors have snapped up 700 million DOGE worth $112 million in just 72 hours. Source: Ali Martinez/X Using data from analytics platform Santiment, Martinez says that the sudden DOGE accumulation of whales comes as sentiment for the leading memecoin has dropped close to 2024 lows. “Market sentiment for Dogecoin is as bearish as it was in early February, just before…
[ad_1] Crypto analyst ShardiB recently revealed that Bitcoin has entered ‘chop season.’ This is significant as it could be a while before the flagship crypto finally archives that breakout, which will send it to new all-time highs (ATHs). Related Reading How The Chop Season Will Affect Bitcoin’s Price While revealing that Bitcoin was about to enter the chop season, Shardi B hinted that the season would be filled with more sideways movement for the flagship crypto. The analyst made reference to the fact that BTC has continued to attempt to break out of its current range but has failed on…
[ad_1] For cryptocurrency to gain more value, wider ownership is crucial. Institutions investing directly in bitcoin or indirectly through spot ETFs, launched in January, can drive this growth. Some entities, like MicroStrategy (NASDAQ:MSTR), invest directly in bitcoin, while others, like the State of Wisconsin, invest indirectly. This trend is positive for cryptocurrency as it increases exposure to the asset class. The State of Wisconsin Investment Board has invested over $160 million in spot bitcoin ETFs, allocating $98 million to BlackRock’s iShares Bitcoin Trust and $63 million to Grayscale’s spot bitcoin ETF. Although this is a small fraction of the board’s…
[ad_1] This article is featured in Bitcoin Magazine’s “The Inscription Issue”. Click here to get your Annual Bitcoin Magazine Subscription.A new inscriptionA Bitcoin script shoneA light on how it could be doneSo on our nodes it was runIs it on the way out?What are they about?It’s not an OP RETURNPerhaps we can learn.So it’s a message that you’re makingLike my girl, non-fungible & takenWhat is the beast that did awakenDecentralization can’t be forsakenCensorship resistant, code is lawlessImmutable bits, they stay flawlessI like physical art so I tangoSome want it on-chain, as if it’s djangoSee for me, BTC is plentyDon’t have…
[ad_1] Earning a good income is fantastic, but a significant chunk can disappear come tax season. The good news? The Indian government offers various avenues to save on your tax bill and keep more of your hard-earned money.This guide, explicitly crafted for Indian taxpayers, explores these powerful strategies to help you reduce your tax burden and achieve your financial goals.We’ll explore tax-saving investment options, deductions for essential expenses, and intelligent financial planning techniques. Prepare to unlock valuable tax benefits, invest in your future, and celebrate the joy of keeping more money in your pocket!Alert! Crypto Investors- Can You Save Crypto…
[ad_1] The price of Bitcoin appears to have returned to a choppy market condition, quashing any hopes of a breakout to new highs soon. However, the good news is that the current bull cycle may still not be over, even though it is taking a while for the premier cryptocurrency to resume its upward momentum. Specifically, the latest on-chain observation shows that Bitcoin has been going through a “euphoria wave” over the past few months. Here’s the implication of this phase on the current bull run. How Old Is The Current Bitcoin ‘Euphoria Wave’? Blockchain intelligence firm Glassnode revealed via…
[ad_1] The US Securities and Exchange Commission (SEC) has made a groundbreaking decision by greenlighting the potential launch of eight exchange-traded funds (ETFs) tied to ether, the world’s second-largest cryptocurrency. This move comes on the heels of the SEC’s earlier approval of bitcoin ETFs, marking a significant shift in the regulatory landscape for digital assets. The approval of ether ETFs represents a notable departure from the SEC’s historical stance on the cryptocurrency industry. Legal victories, such as Grayscale’s successful challenges against the SEC’s rulings, have played a pivotal role in prompting the agency to reconsider its approach to spot ETF…
[ad_1] BTC Media, LLC, the organization behind the world’s largest Bitcoin conference, recently announced the introduction of a Continuing Legal Education (CLE) program as part of its Bitcoin 2024 conference. The CLE program is set to take place on July 24 at the Music City Center in Nashville, Tennessee.In an era where the legal implications of #Bitcoin are becoming increasingly complex, we’re extremely excited to launch our all-new CLE (Continuing Legal Education) program at Bitcoin 2024!Legal minds: mark your calendars for July 24th in Nashville 🗓✅https://t.co/dw59XV3tPo pic.twitter.com/D4iDR0tJzk— The Bitcoin Conference (@TheBitcoinConf) May 22, 2024 As the legal implications of Bitcoin and cryptocurrencies can be…
[ad_1] Before we dive into this week’s numbers, I’d like to introduce you to a project which is gaining attention and positioned well to become a top 10 project – Notcoin.Notcoin (NOT) is a fascinating case study, transitioning from a viral play-to-earn game to a significant project. Notcoin began as a simple, free-to-play game on Telegram, where users mined virtual coins by tapping on a coin icon. This play-to-earn mechanism quickly gained popularity, attracting millions of users. The game’s in-game currency, Notcoins, was later converted into NOT tokens on The Open Network (TON) blockchain.Last month, NOT tokens were airdropped to…