French Restaurant Seeks to Drive Bitcoin Adoption, Accepting Only BTC for High End Menu Item

Bitcoin Is Up 100% This Year. It's Not Just Because of Spot BTC ETF Hype

Bitcoin rallied past $34,000 this week, and is up 106% so far this year after 2022's grueling grind lower. The latest surge supposedly happened on excitement around a potential spot ETF approval, but are other factors at work? Constrained supply, underinvested market participants and bitcoin's rejuvenated shine as a safe haven from troubled traditional markets and geopolitical turmoil are catalysts worth considering. Bitcoin (BTC) managed a monster rally over the past week on two spot ETF stories that turned out to be complete fugazis. That the price has barely pulled back even after the fake news was outed suggests maybe...

News Nuggets | 25 October: DCG Earnings Surge with BTC; FMA Alerts on Social Ads

Digital Currency Group's Q3 Revenue Soars amid Crypto Rebound Digital Currency Group (DCG) reported an increase of 23% in its third-quarter revenue, reaching $188 million compared to $153 million in the same period last year. The company's EBITDA stood at $69 million. DCG's asset management unit, Grayscale Investments, played a significant role in this growth, especially after a US court approved its bid to create a spot Bitcoin ETF. The crypto market's rebound this year, particularly Bitcoin's 100% year-to-date growth, has been a significant factor in DCG's financial performance. FMA NZ Warns against Fixed Rate Options' Social Media Ads The...

Ark Invest’s Market Maneuvers: Offloads $6M Coinbase & GBTC Shares

You are here: Home / News / Ark Invest’s Market Maneuvers: Offloads $6M Coinbase & GBTC Shares Ark Invest, the global asset manager, has recently divested significant holdings, unloading more than 42,000 shares of Coinbase and 100,000 shares of Grayscale Bitcoin Trust [GBTC], according to an update from the firm’s trading desk. Out of the 42,613 shares of Coinbase, Ark’s Next Generation Internet ETF [ARKW] sold 32,158 shares, and Ark Fintech Innovation ETF offloaded 10,455 shares. Additionally, ARKW also sold 100,739 GBTC shares. Considering the latest closing prices of Coinbase at $77.21 and GBTC at $24.71, these sales amounted to...