US governments’ tepid approval sends BTC above $750
After US authorities identified Bitcoin as a “legal means of exchange” before Congress, the currency hit a high water mark of $750 on the Mt. Gox exchange. The hearing, titled “Beyond Silk Road: Potential Risks, Threats, and Promises of Virtual Currencies” and held by the Senate Homeland Security and Governmental Affairs Committee on November 18 in Washington, was called in the wake of the FBI’s shutting down of the Silk Road. Users of Silk Road, an unregulated online marketplace that allowed mail-order drug deals to flourish, paid in Bitcoin, and this become one of the dominant narratives....
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2022's bear is 2019's bull as Bitcoin active entities number around 275,000 per day in February. Bitcoin (BTC) is now seeing "tepid" demand just three months after hitting its latest all-time high, according to on-chain analytics firm Glassnode.In a tweet on Feb. 18, researchers flagged a sea change in Bitcoin on-chain activity compared to just three months ago. Bitcoin active entities echo 2019 "mini bull peak"Bitcoin's descent from $69,000 to $33,000 has been accompanied by a widely-publicized crash in interest from mainstream consumers.Now, the latest data shows that for existing....
The conditional approval from the U.S. banking regulator follows Anchorage's approval last month.
NYDIG, a subsidiary of Stone Ridge Asset Management, has filed for regulatory approval from the SEC to offer a bitcoin exchange-traded fund. The post NYDIG Files For Bitcoin ETF Approval appeared first on Bitcoin Magazine.