The MicroStrategy co-founder made a bold prediction in the past saying the crypto asset would trade at $5 million and replace gold, and the conditions he enumerated are now nearly met.
The latest achievement is also impressive considering that Shibarium broke through the 80 million threshold (total transactions processed) just a few days ago.
In its recent filing, the spot Bitcoin ETF registration underlined that it will only use cash creations in response to the SEC's instruction to use the cash redemption model.
Recent accounting rule adoption allows crypto companies and private institutions holding crypto assets to record their tokens at fair value, with changes reflected in net income.
CFTC Chair Rostin Behnam says that "under existing law, many of the tokens constitute commodities."
The filing also underlined that what the agency recently submitted to the court was "an impermissible supplemental brief that identifies no new 'authority' and instead attempts to introduce new factual information and arguments."
The 76-year-old legal expert also disclosed how Bankman-Fried made things all the more challenging when he went off the script during his testimony, eventually making his case "unwinnable."
The decision was made after the U.S. and South Korea made extradition requests to prosecute the crypto entrepreneur on charges related to the collapse of the TerraUSD stablecoin.
BlackRock once again sat with some SEC officials — something it appears to have been doing regularly over the past weeks as anticipation for the possible SEC decision on spot Bitcoin ETF applications heightens.
Data indicate that investors are still focused on Bitcoin, the world's largest crypto asset by market capitalization, with an inflow of $20 million, recording a year-to-date total of $1.7 billion.
FTX, in its filing to a Delaware court, called the IRS' tax claim "meritless."
The changes, as per Google, are based on the latest criteria in its certification process, among which Cryptocurrency Coin Trusts are allowed to create and serve ads on Google granted that they can meet the requirements and secure a Google certification.
The recent development suggests that the SEC could be ironing out details before finally approving some spot Bitcoin ETF applications.
Not only is ESG compliance becoming a legal requirement in many jurisdictions, adherence to its principles has been shown to deliver a host of competitive benefits along with real improvements to financial performance.
Despite the net outflow, HTX occupies the 15th spot in CoinMarketCap's top cryptocurrency exchanges.
As the king of crypto briefly sunk below the $41,000 price level, it caused over $270 million worth of long positions to be liquidated.
The historic deal with U.S. authorities did not include a settlement with the SEC, which means the regulator can still pursue whatever legal action it plans against the exchange, including moving forward with a lawsuit it filed against Binance and its then-CEO Changpeng Zhao in June.
Bitcoin was trading in the red zone at $43,950, which means the software and business intelligence company is now sitting on an unrealized profit of $2.390 billion.
The court filing comes a few days after a court sided with the U.S. Department of Justice and prohibited the crypto mogul from leaving the U.S. until his sentencing.
After BlackRock submitted another amended prospectus last week, VanEck followed suit with its fifth amendment, showing a unique Bitcoin ETF ticker, HODL.
While BlackRock's Bitcoin ETF listing pushed the value of Bitcoin to a new high, Fidelity's listing did not have the same impact on the price of the "king of crypto."
District Judge Richard Jones of the Western District of Washington sided with the Department of Justice on Thursday and decided not to allow Zhao to return to UAE until his sentencing.
Binance filed the application for an operating license with Abu Dhabi Global Market last November. The exchange withdrew it on Nov. 7.
Solana's renaissance may come as a surprise to some crypto pundits who predicted at the end of 2022 that the collapse of FTX and Alameda would trigger the demise of the ultra-fast blockchain so often praised by Sam Bankman-Fried before his disgrace as being the only blockchain that had the muscle to sustain mass crypto adoption.
The ongoing discussions include "substantive details, some of which are usually discussed near the end of an ETF application process," a report has claimed.
During closed-door discussions, Montenegro's Justice Minister Andrej Milovic reportedly mentioned his plans to extradite Do Kwon to the U.S., where is facing multiple criminal charges.
Not everyone was pleased with the latest development in the cryptocurrency industry and Dimon was one among them. He said he would close the industry down if he had the power.
Bukele said that it has never been El Salvador's objective to sell its Bitcoin and while he confirmed that they are well aware the crypto asset's price will fluctuate, he underlined that it does not impact the country's long-term strategy.
Dogecoin, the crypto asset officially introduced on Dec. 6, 2013, also marked a new all-time high for this year at its current price and secured the ninth-largest crypto asset by market capitalization at $14.62 billion.
Late last month, the Montenegrin High Court announced that it has "approved the extradition" of Kwon as requested by his home country South Korea and the U.S.
