Bitcoin Bob

Bitcoin Frenzy Grips High Net Worth Investors as “Bitcoin Bob” Witnesses Historic Shift

High net worth individuals are flocking to Bitcoin like never before, signaling a seismic shift in investor sentiment and an impending bullish surge in the cryptocurrency market. At a recent function hosted at his golf club, Bob Burnett, affectionately known as “Bitcoin Bob” among his peers, witnessed a remarkable transformation in attitudes towards Bitcoin among attendees, most of whom were in their 50s and 60s.

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Nigerian flag and cryptocurrencies

Nigeria’s Crackdown on Crypto Exchanges Sparks Controversy

Nigeria’s recent crackdown on leading cryptocurrency exchanges, including Binance, OctaFX, and Coinbase, has ignited controversy and raised concerns about the accessibility of digital assets in the country. Despite regulatory challenges, stakeholders emphasize the need for transparent dialogue to navigate the evolving regulatory landscape.

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Bitcoin

Bitcoin Reclaims $1 Trillion Market Cap, Surpassing Corporate Giants

Bitcoin has scaled the ever-important $1 trillion market cap again, a feat last achieved in December 2021. This milestone catapults it ahead of financial giants like Walmart, Tesla, and even Berkshire Hathaway. However, experts caution that market cap might not paint the complete picture when valuing digital assets like Bitcoin.

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Thai flag and cryptocurrencies

Thailand Exempts Digital Asset Transactions from Value-Added Tax, Aiming to Become a Hub

Thailand’s Ministry of Finance eliminates the 7% VAT on digital asset transactions, aiming to establish the country as a leading center for the industry. This policy change, effective January 1, 2024, with no expiration date, seeks to attract investment and stimulate market growth, while potential long-term impacts on tax revenue and regulations warrant further observation.

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Bitcoin and an ETF emblem

Four Bitcoin Spot ETFs See Unprecedented 14-Day Inflow Streak, But Grayscale Flounders

Four Bitcoin spot ETFs – iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), ARK 21Shares Bitcoin ETF (ARKB), and Bitwise Bitcoin ETF (BITB) – have recorded remarkable consistency, attracting inflows for all of their first 14 trading days. This stands in stark contrast to the Grayscale Bitcoin Trust (GBTC), which has experienced daily outflows since its conversion into an ETF.

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Chinese flag and a pair of scissors

China’s Surprise Rate Cut Buoys Risk Assets, Including Crypto

In a major development for the cryptocurrency community, the UK Supreme Court has denied Craig Wright’s final appeal in his libel case against prominent Bitcoin podcaster Peter McCormack. This definitive ruling marks the end of a five-year legal battle, with McCormack emerging victorious.

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Bitcoin and gavel for auction

US Government to Liquidate $130 Million Proceed of Crime Bitcoins

In a move likely to stir debate within the cryptocurrency community, the United States government is preparing to auction off approximately $130 million worth of Bitcoin (BTC) seized from the now-defunct darknet marketplace Silk Road. The sale, planned for early February 2024, marks the largest single government disposal of Bitcoin to date and raises questions about the potential impact on the cryptocurrency’s price and the broader digital asset market.

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UNS office building, Bitcoin logo and a report board

Swiss Banking Giant UBS: “The Fundamental Case for Bitcoin Remains Weak”

In a recent report, Swiss banking giant UBS has cast doubt on the long-term prospects of Bitcoin, arguing that “the fundamental case for Bitcoin remains weak.” The report cites a number of concerns, including Bitcoin’s limited scalability, its volatile price swings, and its lack of intrinsic value.

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Grayscale and Coinbase banners sprinkled with bitcoins

Grayscale Trust Address Just Moved $1.366 Billion Worth of Bitcoins to Coinbase Prime

Grayscale’s on a Bitcoin bender! Three days, three Bitcoin blizzards, all funneled to Coinbase Prime during peak market hours. A total of 31,638 BTC ($1.366 billion) on the move – is this the ETF catalyst we’ve been yearning for, or a crypto heist in the making? Buckle up, folks, because the plot thickens faster than a blockchain block!

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SEC Commissioner Hester M. Peirce standing beside the US flag and a bitcoin logo stamped approved

Out, Damned Spot! SEC Commissioner Hester Peirce Reflects on Bitcoin Spot ETP Approval

SEC Commissioner Hester M. Peirce provides a candid reflection on the long-awaited approval of spot Bitcoin Exchange-Traded Products (ETPs) in a statement released on January 10, 2024. The statement outlines the Commissioner’s views on the historical hurdles faced by Bitcoin-based products and the regulatory landscape surrounding them.

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