Streetbeat News

BTCUSD

Bitcoin / US Dollar

Industry

Digital Currency

Bitcoin is an innovative payment network and a new kind of money. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

SEC Chair Gary Gensler confirmed that the agency is still reviewing multiple filings for a Bitcoin ETF, including Grayscale Investments' application. This comes as several firms, including BlackRock, Fidelity, and Franklin Templeton, have filed for spot Bitcoin ETFs. The SEC is currently evaluating a court's decision that ordered it to re-evaluate Grayscale's application.

Portfolio Pulse from Mehab Qureshi

September 13, 2023 | 3:42 am

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a significant surge following a rapid decline and subsequent rebound in their prices. This was primarily driven by concerns surrounding FTX’s potential sale of its crypto holdings. Franklin Templeton has announced its entry into the cryptocurrency sector by filing an application for a Bitcoin exchange-traded fund (ETF). The global crypto market capitalization stands at $1.03 trillion, a 2.16% increase in the last day. The Nasdaq Composite experienced a decline due to Oracle’s disappointing performance.

Portfolio Pulse from Mehab Qureshi

September 13, 2023 | 2:35 am

Crypto exchange Binance is responding to the recent flooding disaster in Libya by airdropping its BNB tokens worth up to $500,000 to support affected residents. Each Binance user in Libya who has completed the Proof of Address (POA) will receive a BNB equivalent to USD $100. The fund distribution is set to commence on Sept. 13. Binance Charity has also initiated a public donation drive, accepting donations in various cryptocurrencies, including BNB, Bitcoin, Ethereum, USD Coin, Tether, and Binance USD.

Portfolio Pulse from Murtuza Merchant

September 12, 2023 | 9:27 pm

CFTC Commissioner Christy Goldsmith Romero has suggested that regulators need to update their protection measures with technological advances, or crypto investors could be impacted. Romero has picked technology experts in fintech, responsible artificial intelligence, cryptocurrency, blockchain, and cybersecurity for the CFTC’s Technology Advisory Committee (TAC). The TAC is being asked to identify ways to install Know Your Customer (KYC) and Anti-Money Laundering (AML) processes into decentralized finance and crypto investment avenues.

Portfolio Pulse from Khyathi Dalal

September 12, 2023 | 8:51 pm

A US judge has denied a request by FTX founder Sam Bankman-Fried to be released from jail pending trial, according to a court filing cited by Reuters.

Portfolio Pulse from Charles Gross

September 12, 2023 | 8:44 pm

Blockchain analysis firm, Chainalysis, has released the 2023 Global Crypto Adoption Index, highlighting the growth of cryptocurrency adoption worldwide. The index uses on-chain and real-world data to identify countries where a significant part of the population is investing in cryptocurrencies. The Central & Southern Asia and Oceania region leads the chart, accounting for six of the top ten countries. The index also shows a significant surge in crypto adoption in Lower Middle Income (LMI) countries.

Portfolio Pulse from Mohit Manghnani

September 12, 2023 | 5:24 pm

During the testimony of U.S. Securities and Exchange Chair Gary Gensler before Congress, Bitcoin (BTC) and Ethereum (ETH) prices rose by nearly 4%. Gensler reiterated his stance that crypto asset securities markets should be subject to the same protections as traditional securities. He also suggested that most crypto tokens likely meet the investment contract test, implying they should comply with securities laws.

Portfolio Pulse from Khyathi Dalal

September 12, 2023 | 4:37 pm

The article discusses the impact of investing $1000 in Bitcoin, Ethereum, or Apple stock around the time when Apple CEO Tim Cook revealed his personal ownership of cryptocurrency in late 2021. The value of such investments in Bitcoin and Ethereum would have decreased by 60.9% and 65.0% respectively, while an investment in Apple stock would have increased by 19.3%. An investment in the SPDR S&P 500 Global ETF Trust would have decreased by 1.8%.

Portfolio Pulse from Chris Katje

September 12, 2023 | 4:12 pm

The article discusses the potential impact of the iPhone 15 launch on Apple's stock (AAPL), given the rising nationalism in China and the ban on government employees using iPhones. It also mentions the early trade money flows in several companies and ETFs, including Apple, Meta Platforms (META), Tesla (TSLA), Amazon (AMZN), NVIDIA (NVDA), Microsoft (MSFT), Alphabet (GOOG), SPDR S&P 500 ETF Trust (SPY), Invesco QQQ Trust Series 1 (QQQ), SPDR Gold Trust (GLD), iShares Silver Trust (SLV), and United States Oil ETF (USO). Bitcoin (BTC) is also mentioned as seeing aggressive buying.

Portfolio Pulse from The Arora Report

September 12, 2023 | 4:10 pm

Franklin Templeton has applied for a Bitcoin ETF, marking its entry into the cryptocurrency sector. The ETF, to be overseen by Coinbase Inc., is set for a listing on the Cboe BZX Exchange. This move mirrors actions by other financial powerhouses like Blackrock, who anticipate that the SEC might soon approve a spot Bitcoin ETF for the mainstream market.

Portfolio Pulse from Murtuza Merchant

September 12, 2023 | 3:48 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.