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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.

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Apple's virtual assistant Siri has been reported to provide the price of Bitcoin Cash (BCH) when asked about the price of Bitcoin (BTC). However, tests conducted by Benzinga found Siri to provide accurate information. Meanwhile, BCH has seen a surge of 26.5% in the last seven days, attributed to BlackRock Inc.'s application for a Bitcoin spot ETF and the launch of EDX Markets.

Portfolio Pulse from Mehab Qureshi

July 04, 2023 | 11:42 am

Cameron Winklevoss, co-founder of crypto exchange Gemini, has proposed a final offer to resolve debt-restructuring talks with Genesis, a bankrupt digital-asset firm owned by Digital Currency Group (DCG). The offer includes $1.5 billion in forbearance payments and fresh loans. DCG has reportedly missed a $630 million payment to Genesis. Winklevoss warned that failure to agree to the deal could result in lawsuits against DCG and its founder, Barry Silbert. Genesis reported over $3 billion in claims from its top 50 creditors in a January court filing.

Portfolio Pulse from Mehab Qureshi

July 04, 2023 | 3:41 am

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin surged after BlackRock refiled its Bitcoin ETF application in the US. The new filing includes information that Coinbase will offer market surveillance to support the ETF. The global crypto market capitalization stood at $1.22 trillion, an increase of 1.19% over the last day. The US stock market also saw a modest increase on Monday.

Portfolio Pulse from Mehab Qureshi

July 04, 2023 | 2:46 am

MicroStrategy Incorporated (NASDAQ:MSTR) shares traded higher after Cboe refiled Bitcoin ETF proposals. Cboe is collaborating with Coinbase (NASDAQ:COIN) to prevent market manipulation during the ETF launch process. MicroStrategy, which has significant Bitcoin holdings, experienced above-average trading volume and has elevated short interest.

Portfolio Pulse from Ryan Gustafson

July 03, 2023 | 7:47 pm

Bernstein suggests that the U.S. Securities and Exchange Commission (SEC) may soon approve spot Bitcoin ETFs, despite its concerns about the reliability of spot exchanges like Coinbase Global Inc. The SEC has already approved futures-based Bitcoin ETFs. Last month, a BlackRock Inc unit submitted paperwork for a spot Bitcoin ETF, and Grayscale is also trying to transform its Bitcoin Trust into an ETF. The report concludes that the SEC would prefer a regulated Bitcoin ETF led by mainstream Wall Street participants.

Portfolio Pulse from Murtuza Merchant

July 03, 2023 | 7:34 pm

Pan Gongsheng, a critic of cryptocurrencies, has been appointed as the leading official of the People's Bank of China (PBOC). Pan, who has a substantial background in the financial sector, has previously served as the deputy governor at China's central bank and led the team focused on mitigating Internet financial risks, including regulating cryptocurrency firms and curbing the use of cryptocurrencies in China.

Portfolio Pulse from Murtuza Merchant

July 03, 2023 | 6:38 pm

Coinbase Global, Inc. (NASDAQ:COIN) shares are trading higher after Cboe Global Markets, Inc. refiled Bitcoin (CRYPTO: BTC) ETF proposals and indicated it would work with Coinbase to prevent market manipulation. Cboe resubmitted an application with the SEC seeking approval for a Bitcoin ETF managed by Fidelity Investments. Coinbase shares are trading more than 10% higher on heavy volume with more than 18 million shares traded already on Monday.

Portfolio Pulse from Erica Kollmann

July 03, 2023 | 4:50 pm

CleanSpark, Inc. (NASDAQ:CLSK) shares are trading higher after the company reported a 170% quarter-over-quarter increase in its Bitcoin holdings. The company also announced operational updates including the deployment of about 68,678 latest-generation bitcoin miners and expansions in Washington and Sandersville.

Portfolio Pulse from Erica Kollmann

July 03, 2023 | 4:09 pm

CME Group plans to launch Ether (ETH)/Bitcoin (BTC) ratio futures on July 31, subject to regulatory approval. The new futures contract aims to capitalize on the relative value trading opportunities that have emerged as the market dynamics of Ether and Bitcoin have evolved. The Ether/Bitcoin Ratio futures will allow investors to capture Ether and Bitcoin exposure in a single trade, without needing to take a directional view. The new futures contract will be cash-settled to the value of the CME Group Ether futures final settlement price, divided by the corresponding CME Group Bitcoin futures final settlement price.

Portfolio Pulse from Murtuza Merchant

July 03, 2023 | 3:57 pm

Bitcoin and Ethereum traded higher, with Bitcoin above the $31,000 level and Ethereum topping the $1,900 mark. Celo was the top gainer over the prior 24 hours, while UNUS SED LEO was the biggest loser. The global crypto market cap rose to $1.21 trillion, recording a 24-hour gain of 0.9%. The top five gainers were Celo, The Graph, Pepe, Filecoin, and BitDAO, while the top five losers were UNUS SED LEO, Synthetix, WOO Network, eCash, and Bitcoin SV.

Portfolio Pulse from Lisa Levin

July 03, 2023 | 1:44 pm

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