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Cryptocurrency News

Bitcoin to Reach $1,000,000 Mark by 2023, According to Ark Invest Analyst
Last year, Cathie Wood predicted that Bitcoin would trade at $500,000 by 2026. Earlier this year, Ark Investment Management, a firm led by Cathie Wood predicted Bitcoin to trade above $1 million by 2030 because its adoption is still in the early stage. In a recent statement, the firm’s... Read more
21Shares Launches First Physical Bitcoin ETP in Middle East, Trades on Nasdaq Dubai 
The new product is physically backed, which means it is collateralized by the underlying BTC assets tracked with 1:1 leverage. Top issuer of crypto exchange-traded products (ETPs), 21Shares, has unveiled the first physical Bitcoin ETP in the Middle East. 21Shares announced the Middle East launch on the 12th of October,... Read more
SEC Turns Down WisdomTree’s Spot Bitcoin ETF Proposal
The SEC noted that WisdomTree’s proposal failed to meet sufficient conditions of investor protection, fraud prevention, and price manipulation in the spot Bitcoin market. On Tuesday, the US Securities and Exchange Commission (SEC) turned down WisdomTree’s proposal of introducing a spot Bitcoin ETF in the market. The SEC rejected... Read more
European Union Lawmakers Approve MiCA which Seeks Crypto Regulation
The crypto bill was accepted after negotiations among the European Union Council, the European Parliament, and the European Commission. The European Union is indeed making waves in its effort to regulate crypto and the entire industry. The lawmakers have taken the whole continent further in controlling the crypto industry.... Read more
Bitcoin Mining Difficulty Increases Furthern to New ATH | Coinspeaker
While increasing mining difficulty is generally a good sign, it affects the asset price occasionally, and never in one direction. While predictions by Braiins and Luxor estimated an increase of 12.5% and 12.5% respectively in mining difficulty, the Bitcoin mining difficulty increased by 13%. The rise occurs as mining... Read more
Iranian Security Forces Arrest Bitcoin Advocate Ziya Sadr
Ziya Sadr was instrumental in propagating knowledge related to Bitcoin among Iranians in the local language Farsi. Last month, the Iranian security forces arrested Bitcoin advocate Ziya Sadr as per sources familiar with the matter. Speaking to CoinDesk, one of Sadar’s close friends, Nima Yazdanmehr, said that the arrest... Read more
Bitcoin Price Slips Despite Strong US Job Data in September
Per the data published, there was a mix of growth and slumps in the job market per data from different sectors of the economy. The price of Bitcoin (BTC) is moving inversely to the latest job report from the United States following the data released by the Labor Department... Read more
Creditors of Mt. Gox Bitcoin Exchange Can Now Sign Up to Choose Method of Repayment
The rehabilitation plan was approved by the Trustee Board in November 2021 after being validated by the Tokyo Court a month earlier. According to a notice published on October 6, the Mt. Gox Bitcoin exchange rehabilitation system now has a new function in the process of reimbursing creditors. The... Read more
Grayscale Launches Digital Infrastructure Opportunities to Focus on Bitcoin Mining Hardware Investment 
Grayscale will use Foundry’s operational expertise to control the daily operation of the new Digital Infrastructure Opportunities. Digital asset manager Grayscale Investments has unveiled Grayscale Digital Infrastructure Opportunities, a new investment arm to focus on Bitcoin mining hardware. The company announced the new business arm on the 6th of... Read more
Bitcoin to Outperform Other Major Assets, According to Bloomberg Analyst
Bitcoin showed enormous promise on October 4th and 5th by reflecting a 5% profit and shattering the $20,00 hindrance. According to Senior commodity strategist at Bloomberg Intelligence, Mike McGlone, October 2022 can be the most rewarding month for Bitcoin since 2014. The mean profits derived for the month stand... Read more
Could It Be? TikTok Influencer Claims John McAfee Is Bitcoin Creator
McAfee was believed to be highly knowledgeable about the blockchain. A TikTok influencer Harry the Soul Coach asserted that the long-time unknown Bitcoin creator is deceased computer programmer John McAfee. Years upon years and months upon months, many have raised questions on who created the No.1 cryptocurrency. With the... Read more
Bitcoin Hash Rate Hits New ATH Despite Current Bearish Price Trends
The increased hash rate indicates maximum security on the Bitcoin network. The Bitcoin (BTC) blockchain is arguably more secure than ever as the network mining hash rate has continued to grow and hit a new All-Time High (ATH) of 258 exahashes per second (EH/s) on Oct. 4, according to... Read more
Shares in Grayscale’s Bitcoin Trust (GBTC) Trade at 36% Discount to Fund’s NAV
Data tracked by Delphi Digital has disclosed that GBTC shares relative to the underlying cryptocurrency held in the fund have had their discount widened to 36.2% on September 30.  Grayscale Investment’s Bitcoin Trust (GBTC) has since its inception become the most widely tracked fund in the crypto market. Institutional... Read more
NYDIG CEO, President to Step Down amid Broader Management Shakeups in Crypto Space
NYDIG announced that its CEO and president would make way for an incoming fresh duo to consolidate on its business interests. According to reports, New York Digital Investment Group (NYDIG) CEO Robert Gutmann, and President Yan Zhao, are stepping down from their roles. This development comes amid a general... Read more
Trezor Partners Wasabi to Make Bitcoin Transactions More Private
The partnership stems from a conversation that happened in 2019 between the parties. Crypto wallet company Trezor, has in a recent report partnered with privacy project Wasabi to bring on board CoinJoin mixing to its hardware wallets. Coinjoin exists as a coin mixer that obscures the origin of Bitcoin... Read more
Michael Saylor Implores Elon Musk to Buy More Bitcoin
MicroStrategy’s Michael Saylor asks Tesla’s Elon Musk to shore up on more Bitcoin on Twitter in response to Musk’s joke about buying Man Utd. MicroStrategy founder Michael Saylor has urged fellow business tycoon Elon Musk to buy some more Bitcoin (BTC). This came as a response to Musk’s tweet suggesting that he is looking to buy... Read more