BlackRock Bitcoin ETF | $2B Cash Line Up

Recent reports suggest that BlackRock, the asset management titan, is on the verge of making history with a strategic move into the domain of Bitcoin. The asset manager has reportedly amassed a staggering $2 billion reserve, poised for deployment into its forthcoming Spot Bitcoin Exchange-Traded Fund (ETF).

BlackRock Bitcoin interest is evident, as this financial juggernaut has been navigating the rigorous U.S. Securities and Exchange Commission (SEC) criteria, signaling its earnest intention to dive headfirst into the Bitcoin market.

With the SEC on the brink of a groundbreaking decision, BlackRock’s meticulous preparations for the launch of a Spot Bitcoin ETF have…

Read more on bitcoinnews

Bitcoin ETFs | Solving Investors Unit Bias Psychology

BitcoinNews.com is not investment advice.

Opinions expressed are entirely their own and do not necessarily reflect those of BitcoinNews.com

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by BitcoinNews.com to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of BitcoinNews.com 

Read more on bitcoinnews

LATEST: Japanese e-Commerce Giant Mercari to Accept Bitcoin Payments by June 2024

In an unprecedented move, Mercari, Japan’s largest community marketplace platform, is set to revolutionize the e-commerce landscape by integrating Bitcoin payments. Starting June 2024, users can buy products on the flea market app using Bitcoin. This rare initiative in Japanese e-commerce allows payments directly with Bitcoin, enhancing the flexibility of digital transactions.

Managed by its Tokyo-based subsidiary, Melcoin, Mercari ensures a seamless transaction process. Melcoin will convert Bitcoin payments into Japanese yen, allowing sellers to receive fiat currency while giving buyers the freedom to pay with BTC. Notably, all prices will continue to be listed in yen, with Bitcoin as an optional payment method. This strategic move doesn’t just offer a new payment option; it represents Mercari’s significant embrace of cryptocurrency.

Since its inception in 2013, Mercari has seen exponential growth, boasting 22 million monthly users by July 2023. Its success isn’t limited to Japan, as the company has been actively expanding into international markets, particularly Europe. With this Bitcoin integration, Mercari not only caters to the evolving demands of modern consumers but also positions itself at the forefront of digital commerce innovation.

CoinGape

Check Out the Top Crypto Gainers of the Day

$1M – $10M MarketCap:

  1. Superpower Squad (SQUAD): 26%
  2. ritestream (RITE): 23%
  3. DFX Finance (DFX): 8.1%
  4. DOVI (DOVI): 4.8%
  5. apM Coin (APM): 2.8%

$10M – $100M MarketCap:

  1. Sponge ($SPONGE): 44%
  2. Dogechain (DC): 26%
  3. ATOR Protocol (ATOR): 22%
  4. DFI.money (YFII): 19%
  5. MAP Protocol (MAP): 19%

$100M – $1B MarketCap:

  1. Pocket Network (POKT): 17%
  2. Threshold Network (T): 13%
  3. Alephium (ALPH): 12%
  4. Router Protocol (ROUTE): 10%
  5. Axelar (AXL): 7.1%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

Join CryptoCrunchApp on Telegram Channels – Click to Join

The Digital vs. The Tangible: Bitcoin’s Value Evolution Against Gold

In the dynamic realm of digital finance, Bitcoin has emerged as the new “digital gold,” presenting a fascinating case study in the evolution of value. The cryptocurrency’s ascendancy is exemplified by its comparative worth to gold, a timeless emblem of wealth and stability. Over the past years, Bitcoin has transformed from an enigmatic virtual entity to a serious investment, paralleling the tangible prestige of gold.

In 2019, a single Bitcoin was equivalent to approximately 3.13 ounces of gold, suggesting a burgeoning acceptance and utility in the financial ecosystem. By 2024, this equivalence skyrocketed to an astonishing 21.515 ounces of gold per Bitcoin, signifying not only its increased worth but also a shift in investor sentiment favoring digital assets.

Such a dramatic increase in value propels the discourse on Bitcoin’s potential trajectory. With the year 2030 on the horizon, the question arises: how many ounces of gold might one Bitcoin command? This query is not merely speculative; it encapsulates the broader economic implications of cryptocurrency’s integration into mainstream finance. As Bitcoin continues to weave itself into the fabric of global transactions, its comparison to gold will likely remain a compelling indicator of its standing in the investment world.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

Join CryptoCrunchApp on Telegram Channels – Click to Join

Top Trending Crypto Coins of The Day

BIGCAP COINS:

  1. Sei: Market Cap of $1.5 Billion.
  2. Solana: Market Cap of $41.4 Billion.
  3. Kaspa: Market Cap of $2.4 Billion.

MIDCAP COINS:

  1. Tectum: Market Cap of $188 Million.
  2. Sleepless AI: Market Cap of $192 Million.
  3. Bonk: Market Cap of $694 Million.

RISING COINS:

  1. Jesus Coin: Market Cap of $38.1 Million.
  2. Shido: Market Cap of $68.6 Million.
  3. Aegis Ai: Market Cap of $12.5 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

Join CryptoCrunchApp on Telegram Channels – Click to Join

Better Markets CEO Believes Bitcoin ETF to be a ‘Historic Mistake’

The CEO of Better Markets, Dennis Kelleher, wrote a letter on Friday, asking the United States Securities and Exchange Commission (SEC) to not approve a Spot Bitcoin Exchange-Traded Fund (ETF). The chief executive of the non-profit organization claimed that an approval would go against the agency’s core principles.

Better Markets Letter to the SEC

In the letter addressed to SEC secretary Vanessa Countryman, Kelleher noted that if the SEC were to approve the Spot Bitcoin ETF applications submitted by firms like BlackRock, Grayscale, Franklin Templeton, and others, investors would face significant risks.

The letter reads:

“We submit this supplemental comment letter…

Read more on bitcoinnews

Bitcoin Spot ETFs Basically Done

BitcoinNews.com is not investment advice.

Opinions expressed are entirely their own and do not necessarily reflect those of BitcoinNews.com

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by BitcoinNews.com to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of BitcoinNews.com 

Read more on bitcoinnews

Check Out the Top Crypto Gainers of the Day

$1M – $10M MarketCap:

  1. Gala Music (MUSIC): 27%
  2. Turbos Finance (TURBOS): 26%
  3. Rocky the dog (ROCKY): 24%
  4. PolkaBridge (PBR): 10%
  5. DOVI (DOVI): 8.8%

$10M – $100M MarketCap:

  1. GamerCoin (GHX): 57%
  2. Streamr (DATA): 52%
  3. DFI.money (FITFI): 37%
  4. Step App (FITFI): 26%
  5. Origin Protocol (OGN): 23%

$100M – $1B MarketCap:

  1. Mask Network (MASK): 56%
  2. GMT (GMT): 51%
  3. CorgiAI (CORGIAI): 47%
  4. tomiNet (TOMI): 38%
  5. ConstitutionDAO (PEOPLE): 28%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

Join CryptoCrunchApp on Telegram Channels – Click to Join

Aqua Wallet | Revolutionary Bitcoin And Stablecoin Wallet

BitcoinNews.com is not investment advice.

Opinions expressed are entirely their own and do not necessarily reflect those of BitcoinNews.com

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by BitcoinNews.com to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of BitcoinNews.com 

Read more on bitcoinnews