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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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Major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin remained largely unchanged, while Shiba Inu topped the 24-hour gainer chart with a 926.08% increase in its token burn rate. BlackRock Inc filed an application for a Bitcoin ETF with the SEC, and Binance reached an agreement with the SEC to restrict access to customer funds.

Portfolio Pulse from Shivdeep Dhaliwal

June 19, 2023 | 2:47 am

A $100 investment in each of Bitcoin, Dogecoin, and Ethereum on Father's Day 2022 would have generated positive returns, with Bitcoin up 27.2%, Dogecoin flat, and Ethereum up 51.2%. A $300 gift consisting of the top three cryptocurrencies would be worth $377.98 today, an increase of 26.0%.

Portfolio Pulse from Chris Katje

June 18, 2023 | 12:51 pm

The cryptocurrency market experienced mixed performances this week, with Bitcoin surging 3.18% and altcoin Sui leading the top 100 cryptocurrencies with a 25.76% increase. Binance faced liquidity issues, while regulatory concerns continue to impact the market.

Portfolio Pulse from Benzinga Newsbot

June 18, 2023 | 8:20 am

BlackRock filed for a spot Bitcoin ETF, iShares Bitcoin Trust, with assets primarily held by Coinbase, which would serve as the custodian. Economist Peter Schiff suggests BlackRock may have an ulterior motive, profiting from news-induced upside by buying the dip in Bitcoin and selling after the news pushes up the crypto.

Portfolio Pulse from Shanthi Rexaline

June 17, 2023 | 6:06 pm

The past week in the cryptocurrency sector saw significant developments, including Binance.US's liquidity crisis, Warren Buffett's crypto predictions, a Texas sheriff's clash with a Bitcoin ATM operator, a North Carolina politician's investment in Shiba Inu, JPMorgan Chase's warning of an SEC 'tsunami', and a crypto trader's investment strategy.

Portfolio Pulse from Benzinga Newsbot

June 17, 2023 | 4:42 pm

Robert Kiyosaki, author of 'Rich Dad Poor Dad', warns of more bank failures and highlights the vulnerability of mortgage companies, specifically Loan Depot. He advises caution and skepticism towards statements from President Biden, Fed Chairman Powell, and Secretary of Treasury Yellen.

Portfolio Pulse from Bibhu Pattnaik

June 17, 2023 | 3:37 pm

Galaxy Digital Holdings CEO Michael Novogratz supports BlackRock's filing for a Bitcoin ETF, stating it would make it easier for blue-chip investors to enter the space and be beneficial for Bitcoin. BlackRock filed a request with the SEC for the iShares Bitcoin Trust last week.

Portfolio Pulse from Bibhu Pattnaik

June 17, 2023 | 2:09 pm

BlackRock, the largest ETF issuer, is entering the Bitcoin market with a proposed iShares Bitcoin Trust, which could solidify cryptocurrency as an investment asset. The trust's shares will be listed on NASDAQ, and Coinbase Global Inc Custody Trust Company will be the custodian for the Trust's Bitcoin holdings.

Portfolio Pulse from Murtuza Merchant

June 16, 2023 | 7:29 pm

Bakkt has removed Solana (SOL), Polygon (MATIC), and Cardano (ADA) from its listings pending further clarity from the SEC. This follows the SEC's lawsuits against Binance and Coinbase, accusing them of providing unregistered securities. Bakkt continues to list eight cryptocurrencies, including Dogecoin, Litecoin, USD Coin, Shiba Inu, Bitcoin, and Ether.

Portfolio Pulse from Murtuza Merchant

June 16, 2023 | 7:13 pm

Bitcoin's price has risen 3.88% to $26,337.00 in the past 24 hours, despite a negative trend over the past week. The trading volume has increased by 49.0%, while the circulating supply has decreased by 0.01%. The current market cap ranking for BTC is #1 at $511.55 billion.

Portfolio Pulse from Benzinga Insights

June 16, 2023 | 7:00 pm

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