BlackRock is facing backlash over a video suggesting that Bitcoin’s supply limit of 21 million could potentially be altered. The video, which promotes BlackRock’s iShares Bitcoin Trust ETF, emphasizes Bitcoin’s features but includes a disclaimer stating that there is no guarantee against changes to its supply cap. This sparked criticism from the Bitcoin community, which ...
BlackRock is facing backlash over a video that implied Bitcoin’s fixed supply of 21 million could potentially be altered. This video, shared widely online, was part of BlackRock’s promotion for its iShares Bitcoin Trust ETF and highlighted Bitcoin’s features, although it contained a disclaimer about the supply cap. Critics from the Bitcoin community, including MicroStrategy’s ...
Bitcoin (BTC) recently experienced a drop to around $96,000 after the Federal Reserve announced fewer anticipated interest rate cuts for 2025. This decline followed a peak of nearly $108,266 earlier in the week. Traders noticed a bearish crossover, where the 50-hour moving average fell below the 200-hour moving average, a pattern that has historically indicated ...
Bitcoin, Ethereum, and Ripple are experiencing significant price drops, closing below key support levels. Bitcoin’s price has fallen below $100,000, indicating a potential further decline, while Ethereum is trading around $3,450 after breaching the $3,522 level. Ripple is facing resistance at $2.21, and a close below this support could lead to a deeper pullback. In ...
Former U.S. Treasury Secretary Lawrence Summers criticized the idea of a national Bitcoin reserve, calling it “crazy” during an interview on Bloomberg Television. This comes amid rising Bitcoin prices, partially fueled by President-elect Donald Trump’s plan for a crypto-friendly administration that may include a federal Bitcoin stockpile to address national debt and boost the economy. ...
Former U.S. Treasury Secretary Lawrence Summers criticized the idea of a national Bitcoin reserve, calling it “crazy.” This response comes amidst discussions surrounding President-elect Donald Trump’s proposal to build a crypto-friendly administration, including plans to stockpile Bitcoin as a national asset. Proponents, like Senator Cynthia Lummis, suggest a strategic reserve of Bitcoin could help reduce ...
Cryptocurrency futures are contracts that allow investors to speculate on the price of digital currencies without needing to own them directly. Since their introduction, they’ve gained rapid popularity, particularly with Bitcoin and Ether contracts. These futures trade on various digital exchanges, including well-known platforms like Binance and CME Group. Investors are drawn to crypto futures ...
The SEC has approved new Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton, making it easier for institutional investors to access these major cryptocurrencies. This announcement comes during a tumultuous time in the crypto Market, with Bitcoin recently dropping to below $96,000 and Ethereum falling to $3,440. The approval covers two specific ETFs: the ...
El Salvador is planning to close or privatize its cryptocurrency wallet “Chivo,” created by President Nayib Bukele when the country made bitcoin legal tender in 2021. This decision follows a $1.4 billion loan agreement with the International Monetary Fund, which suggests that private businesses will choose whether to accept bitcoin. While Chivo may be discontinued, ...
BlackRock, the world’s largest asset manager, has released a new advertisement promoting Bitcoin, but it’s sparked a backlash among Bitcoin advocates. The video, found on BlackRock’s iShares Bitcoin Trust ETF page, discusses Bitcoin’s value, highlighting its 21 million token supply. However, it includes a controversial disclaimer stating that there’s no guarantee this supply cap won’t ...
