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In this episode of Yahoo Finance Future Focus, host Brian McGleenon explains what a spot Bitcoin ETF is and how it differs from other investments. The Spot Bitcoin Exchange Traded Fund (ETF) has emerged as a transformative tool in the cryptocurrency market, offering investors an easy way to gain exposure to Bitcoin price movements. Unlike derivatives-based ETFs, the Spot Bitcoin ETF invests directly in Bitcoin and reflects the current price. Each ETF share corresponds to a specific amount of Bitcoin held in reserve, and these funds provide a regulated and secure gateway for both retail and institutional investors to participate…
Bitcoin (BTC) price once again neared below the $70,000 level, marking a significant drop in the cryptocurrency's all-time high today. Furthermore, Ethereum price fell below $3,400. Meanwhile, other top altcoins such as Solana (SOL), XRP, and Cardano (ADA) have fallen noticeably.Today's major virtual currency pricesThe price of Bitcoin had fallen by 0.69% to $70,086.80 as of this writing on Wednesday the 27th. Meanwhile, trading volume decreased by 15.29% to $35.99 billion in the past 24 hours. Meanwhile, the market capitalization of virtual currencies boasted $1.37 trillion.In the altcoin space, Ethereum's price fell by 1.86% to $3,585.82 at the time of…
BlockDAG Reaches $8.9 Million in Presale Milestone, Paving the Way to Outperform XRP Growth and Monero Future Prospects In the fast-paced world of cryptocurrencies, XRP, Monero, and BlockDAG stand out for their unique contributions and developments. Ripple’s XRP is expanding its reach despite continuing regulatory hurdles, and Monero looks to a bright future with optimistic price forecasts. BlockDAG Network’s nearly $8.9 million presale success proves its rapid growth in the cryptocurrency world. These currencies represent the diverse and vibrant aspects of the digital finance sector and offer unique opportunities for investors. The cryptocurrency ecosystem has seen a significant increase in…
The strength in the Bitcoin Coinbase premium that propelled the recent rally above $70,000 has dissipated, suggesting that buying is already slowing. Bitcoin Coinbase Premium Gap Returns to Neutral Level CryptoQuant Netherlands Community Manager Maartunn explains: post At X, we see that Bitcoin's Coinbase premium gap is decreasing towards the neutral line. “Coinbase Premium Gap” here refers to an indicator that tracks the difference in BTC prices listed on the virtual currency exchanges Coinbase (USD pair) and Binance (USDT pair). If the value of this indicator is positive, it means that the price listed on Coinbase is higher than the…
Layer 1 Blockchain Injective (INJ) has launched an Ionic upgrade to Injective Bridge, a feature that enhances interoperability between multiple networks.Ionic upgrades to promote interoperabilityAccording to news of the upcoming Ionic upgrade to Injective Bridge, this development creates a scenario where a high degree of interoperability meets the standard user experience. Moreover, both benefits are expected to come at little or no cost. As a result, users can easily decide to move back and forth between different blockchains such as Ethereum (ETH), Solana (SOL), and even Cosmos (ATOM). Similarly, you can also bridge specific core assets to designated addresses, giving…
A former correctional officer admitted Monday to orchestrating two different scams, including a cryptocurrency scam that targeted first responders and cost victims more than $600,000, federal prosecutors announced Tuesday.John DeSalvo, 47, of Lynwood, pleaded guilty in Newark federal court to two counts of securities fraud, according to a statement from the New Jersey U.S. Attorney's Office.In 2021, DeSalvo created digital tokens he called “Blazer tokens” and sold them on social media to police, fire officials, EMTs and other first responders with the promise of supplementing their pension plans, the department said. That's what it means.He told investors that Blazer offers…
Financial markets were under stress due to the rising debt situation in the United States. Amid the speculation, BlackRock's CEO expressed reasonable concerns about how the U.S. debt could potentially be an economic destroyer. In his report, Bloomberg notes that the BlackRock CEO emphasizes the need for nations to enact measures to promote economic expansion.BlackRock CEO warns about US debtBloomberg highlights that the US public debt crisis is “more urgent than I remember,” according to BlackRock CEO Larry Fink. Mr. Fink also said that countries must take steps to promote economic expansion.In his annual letter Tuesday, Fink said the country…
Apple Mac computers and iPad tablets may be affected by a serious vulnerability that could expose encryption keys and passwords on certain devices. A flaw in Apple's M-series chips could be exploited by hackers to steal cryptographic keys, such as those that protect cryptocurrency wallets, through malware attacks, according to researchers from various universities. And while the risk of an actual exploit may be low, it's not negligible if you're holding large amounts of cryptocurrency in potentially vulnerable software wallets on your Mac. We will briefly discuss the situation based on what has been reported and disclosed so far. What…
Auto stocks also contributed to Tuesday's gains. Volkswagen and Porsche They rose by 1.57% and 1.01%, respectively. BMW Although it increased by 0.30%, mercedes benz group It fell by 0.37%. online retailers Zalando SE The index also responded to Germany's consumer confidence index, which rose 0.84%. adidas It increased by 0.17%. Investors reacted to this Goldman Sachs (G.S.) Upgrading BNP Paribas From neutral to purchase. Commerzbank and deutsche bank They closed up 0.59% and 0.44%, respectively. Economic sentiment in the euro area and the ECB in the spotlight On Wednesday, eurozone economic sentiment and final consumer confidence data will be…
The Ethereum network has undergone notable changes recently. On September 15, 2022, the network transitioned from a proof-of-work mining model to a proof-of-stake model. This transition significantly reduced energy consumption, with a reported 99.95% reduction. A few days ago, the network implemented a Dencun upgrade designed to improve functionality and performance. However, after this upgrade, the price of Ethereum (ETH) declined and fell below $4,000. Also read: ChatGPT predicts Ethereum price after ETH ETF approval ETH has been showing growth recently, rising 6% in the past 24 hours. According to data from CoinGecko, ETH is trading at $3,653 at the…