Major cryptocurrencies recently skyrocketed on Sunday evening, thanks to Bitcoin’s phenomenal performance throughout the week. It all started when Bitcoin exceeded $31,000 on Monday. But it didn’t stop there. Bitcoin’s price continued to soar, reaching $32,000 and even $34,000 all in one day.

CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EDT)Bitcoin BTC/USD+12.33%$34,043Ethereum ETH/USD+6.23%$1,780Dogecoin DOGE/USD+8.00%$0.066

What Happened: The world’s largest asset manager, BlackRock, is making progress in preparing its proposed bitcoin ETF, as experts in the industry have identified positive indicators that such products may be approved. BlackRock’s upcoming iShares Bitcoin…

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Crypto investment products have recorded four  weeks of inflows, as the market eagerly awaits the possible approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States.

Asset management firm CoinShares’ Oct. 23 fund flows report revealed $179 million was added to digital asset investment products in the week ending Oct. 20, which has swelled the space’s assets under management to $33 billion.

Of the past week’s inflows, $55.3 million or 84% went to Bitcoin investment products which has brought year-to-date Bitcoin product inflows to $315 million, it added.

It seems that the anticipation of a spot #Bitcoin ETF has prompted further inflows for the 4th consecutive…

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Uptober may have finally arrived, with the price of Bitcoin (BTC) breaking through the $34,000 mark for the first time since May last year, marking a staggering 14% gain in the past 24 hours. 

The price of Bitcoin suddenly spiked upwards on Oct. 23, with BTC gaining more than 10% from $31,000 to briefly touch $34,000 before settling down to a current price of $33,349 according to data from TradingView. 

The price of Bitcoin over the past two weeks. Source: TradingView

The sudden uptick in price for Bitcoin comes amid a fresh wave of interest in upcoming spot ETF approvals and a significant increase in overall trading volumes across spot markets. 

Analyst Scott Johnson pointed out that…

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The world’s largest asset manager continues to prep its proposed bitcoin ETF as segment observers have pointed to potential bullish signs that such products will be approved.

BlackRock’s planned iShares Bitcoin Trust is now listed on the Depository Trust and Clearing Corporation (DTCC) website. The planned fund’s ticker is IBTC, according to the listing.  

Bloomberg Intelligence senior analyst Eric Balchunas said Monday that IBTC is the first proposed spot bitcoin ETF listed on DTCC — a financial market infrastructure giant that processes trillions of dollars in securities transactions daily.

A DTCC subsidiary — National Securities Clearing Corporation (NSCC) — has a…

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Bitcoin (BTC) price pushed above the $31,000 mark on Oct. 23, notching a near 4-month high last seen when BTC price traded at $31,800. 

The fresh upside push comes as analysts and investors express their excitement over new developments which could point to the impending launch of a spot Bitcoin ETF.

So two things caught my eye from the latest iShares (Blackrock) S-1 amendment:- They’ve obtained a CUSIP in prep for a launch- They may be looking to seed with cash this month (which is earlier than I would’ve thought, but may be nothing) pic.twitter.com/lMDaKxiIbB

— Scott Johnsson (@SGJohnsson) October 23, 2023

Referring to Johnsson’s post, Bloomberg Senior ETF analyst Eric Balchunas…

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The iShares spot Bitcoin exchange-traded fund (ETF) proposed by investment firm BlackRock has been listed on the Depository Trust & Clearing Corporation (DTCC), suggesting potential approval by the United States Securities and Exchange Commission, or SEC.

According to an Oct. 23 X (formerly Twitter) thread, Bloomberg ETF analyst Eric Balchunas said the DTCC listing was “all part of the process” of bringing a crypto ETF to market. The iShares spot Bitcoin (BTC) ETF has a ticker symbol of IBTC for a possible listing on the Nasdaq stock exchange, which applied to list and trade shares of the investment vehicle in June.

“This is [the] first spot ETF listed on DTCC, none of the others on…

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China-based Bitcoin mining technology company, Bitmain looks to launch mining machines for a proof-of-work blockchain, Aleo which looks to achieve privacy using zero-knowledge proofs. Without explicitly mentioning the launch timeline, the company disclosed the product as Antminer model, which is currently in the testnet phase.

Find out more on how blockchain mining companies, Meet and engage with other transformative Digital Asset and Crypto business leaders and investors at Benzinga’s exclusive event: Future of Digital Assets. Tickets are flying: Get yours!  

The Aleo project enables users to construct a blockchain network that prioritizes decentralization, scalability, and data…

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Researchers at the University of Chicago have developed a tool that gives artists the ability to “poison” their digital art in order to stop developers from training artificial intelligence (AI) systems on their work. 

Called “Nightshade,” after the family of plants, some of which are known for their poisonous berries, the tool modifies images in such a way that their inclusion contaminates the datasets used to train AI with incorrect information.

According to a report from MIT’s Technology Review, Nightshade changes the pixels of a digital image in order to trick an AI system into misinterpreting it. As examples, Tech Review mentions convincing the AI that an image of a cat is…

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India leads the world in crypto adoption, followed by Nigeria and Vietnam, according to a new Chainalysis report. Nonetheless, North America accounts for nearly a quarter of all value received by cryptocurrency exchanges, with the United States leading by far.

To calculate adoption, Chainalysis used web traffic data from 13 billion web visits to track five categories of activity, weighted by purchasing power parity per capita. That is, “if two countries received equal amounts of cryptocurrency at centralized services, the country with lower PPP per capita would rank ahead.” That will help determine where “everyday people are embracing crypto the most.”

Crypto adoption is down…

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Approximately 4,800 Bitcoin BTC/USD, valued at $144 million, were transferred from an account linked to the Abraxas darknet market to a coin mixer.

This platform allegedly was scammed in November 2015 and since then, the funds remained untouched.

The movement was significant, with the funds not only being consolidated but also channeled through a Bitcoin mixer.

The intricate world of cryptocurrency transactions and the importance of understanding their underlying technologies will be among the focal points at Benzinga’s Future of Digital Assets conference on Nov. 14. Such events aim to demystify the often complex landscape of digital assets and provide insights into trending topics, like…

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