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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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Pepe Coin (PEPE) has surged 15% in the last 24 hours, surpassing Dogecoin (DOGE) and Shiba Inu (SHIB) in terms of market capitalization. This rise is attributed to a shift in the overall market, triggered by financial institutions like BlackRock, WisdomTree, and Fidelity filing for spot Bitcoin (BTC) ETFs. PEPE is currently trading at $0.0000017.

Portfolio Pulse from Mehab Qureshi

June 30, 2023 | 5:19 am

Fidelity Investment has resubmitted an application for a spot Bitcoin ETF, following a trend among asset managers such as BlackRock, WisdomTree, Invesco, and Bitwise. This news has led to a rise in major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin. The US economy also exceeded expectations with a 2% expansion in the first quarter, and a significant drop in initial jobless claims. The US stock market saw a rise, propelled by gains in major bank stocks following the Federal Reserve’s annual stress test.

Portfolio Pulse from Mehab Qureshi

June 30, 2023 | 2:42 am

The article discusses the rise in Bitcoin's value since the shutdown of Silk Road, an underground marketplace that used Bitcoin as a primary payment method. It states that a $1,000 investment in Bitcoin on Oct. 2, 2013, would be worth $233,350.01 today, a return of 23,235.0%. In comparison, a $1,000 investment in the SPDR S&P 500 ETF Trust (NYSE:SPY) would be worth $3,091 today, a return of 209%.

Portfolio Pulse from Chris Katje

June 29, 2023 | 8:28 pm

Bitcoin (CRYPTO: BTC) is experiencing a resurgence, with meme coins such as Pepe coin (CRYPTO: PEPE), Dogecoin (CRYPTO: DOGE), and Shiba Inu (CRYPTO: SHIB) also seeing increases. This comes despite recent regulatory scrutiny from the SEC towards crypto platforms Coinbase (NASDAQ:COIN) and Binance (CRYPTO: BNB). One factor potentially influencing this upsurge is BlackRock's (NYSE:BLK) filing for a Bitcoin spot ETF, with Invesco and WisdomTree also submitting applications for their ETFs.

Portfolio Pulse from Murtuza Merchant

June 29, 2023 | 6:23 pm

Fidelity has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch a Bitcoin exchange-traded fund (ETF).

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 5:18 pm

Binance founder Changpeng Zhao is reportedly in Dubai as French prosecutors investigate the crypto exchange for alleged money laundering. The U.S. SEC has also sued Binance and Zhao, accusing them of misleading investors and diverting customer funds. Binance disputes these claims, stating it abides by all laws in every market it operates in.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 4:42 pm

The North Carolina House has passed a bill to initiate a study on the potential inclusion of cryptocurrencies within the state treasury. The bill, House Bill 721, tasks the North Carolina State Treasury Department with investigating the acquisition, storage, and utilization of investments involving metal bullion and virtual currencies such as bitcoin. If passed, the Treasury must consider how investments in virtual currencies could be used to hedge against inflation and systemic credit risks, reduce overall portfolio volatility, and increase portfolio returns over time.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 4:03 pm

The Nasdaq is set to finish the best first half of the year ever, driven by the AI frenzy and the performance of seven key stocks: Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla. The Nasdaq is up about 30% compared to only 2% for Global X Dow 30 Covered Call ETF and 14% for S&P 500. The Q1 GDP-third estimate came at 2.0% vs. 1.3% consensus, indicating a strong economy in the first quarter. Initial jobless claims came at 239K vs. 266K consensus, indicating a robust jobs picture.

Portfolio Pulse from The Arora Report

June 29, 2023 | 3:05 pm

The UK has passed a law that classifies cryptocurrency as a regulated financial activity. The Financial Services and Markets Act 2023 gives regulators the power to supervise crypto and stablecoins. The Act aims to support the safe adoption of crypto assets in the UK. The Treasury, Financial Conduct Authority, Bank of England, and the Payments Systems Regulator will be able to introduce and enforce rules to regulate the sector. New specific rules for the crypto sector could come within 12 months.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 2:18 pm

Bitcoin (BTC) traded slightly higher, above the $30,000 level, while Ethereum (ETH) edged lower, trading below the $1,900 mark. Compound (COMP) was the top gainer over the prior 24 hours, while Conflux (CFX) was the biggest loser. The global crypto market cap rose to $1.17 trillion, recording a 24-hour gain of 0.1%.

Portfolio Pulse from Lisa Levin

June 29, 2023 | 1:49 pm

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