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Cryptocurrency

What does the confirmation of Bitcoin addresses for repayment mean for Mt. Gox creditors?

Mt. Gox confirms creditors’ Bitcoin addresses for repayment cointelegraph: After launching bank repayments in December 2023, the Mt. Gox trustee is getting ready to start repayments of BTC and BCH on Bitstamp and Kraken accounts. The confirmation of Bitcoin addresses for repayment marks a significant milestone in the Mt. Gox rehabilitation process, bringing creditors closer […]

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Why are the newly launched Bitcoin ETFs attracting so much capital?

There are several reasons why the newly launched Bitcoin ETFs are attracting so much capital, including: What is the impact of the new ETFs on Grayscale Bitcoin Trust (GBTC)? The launch of the new Bitcoin ETFs has had a significant impact on GBTC. GBTC is a closed-end fund that tracks the price of Bitcoin. It […]

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Cryptocurrency

What is the significance of Bitcoin surpassing silver to become the second-largest ETF commodity in the US?

Bitcoin’s recent achievement of surpassing silver as the second-largest ETF commodity in the US is a landmark event with far-reaching implications. This milestone demonstrates the growing mainstream acceptance of Bitcoin as a legitimate and increasingly popular investment asset. The rapid growth of Bitcoin ETFs, which offer investors convenient and regulated access to Bitcoin, has fueled […]

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Cryptocurrency

How will layer-2 networks help Bitcoin scale?

Layer-2 networks are auxiliary blockchains that operate on top of Bitcoin’s main blockchain. They can help Bitcoin scale by offloading transactions from the main chain, which can free up space for more transactions and reduce fees. There are a number of different layer-2 networks being developed for Bitcoin, but the most popular one by far […]

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Cryptocurrency Trending

Bitcoin ETFs Reach Near $1B in Net Inflows After Three Days

Newly Approved Bitcoin ETFs Draw Investor Interest The approval of Bitcoin ETFs in the United States has spurred a surge of investor interest in the cryptocurrency, as evidenced by the nearly $1 billion in net inflows to these funds after just three days of trading. On January 13, 2024, the U.S. Securities and Exchange Commission […]