One of the upgrades involves the use of nBTC, which is intend to not only streamline and decentralize available methods of bringing Bitcoin into the Cosmos Network, but also empower users.
Over the next two quarters, investor interest in the digital asset industry may reignite, fueled by the Bitcoin Halving event and the impending SEC decision on spot Bitcoin ETFs.
The price of Bitcoin immediately dropped following the announcement by the SEC.
Coinbase's Bitcoin holdings have surged to $25 billion, accounting for nearly 5% of all Bitcoin in circulation.
Despite the prevailing price of Bitcoin as of Monday, MicroStrategy is currently facing an unrealized loss of approximately $548,717,702.40 for its BTC holdings.
Menendez is a popular name within the cryptocurrency community and his latest indictment is a stark contrast to his position toward Bitcoin, the world's first-ever crypto asset.
From monumental success stories like the Bitcoin protocol, to the advancements within Decentralized Finance (DeFi), we've seen how total transparency can be an inherent strength for blockchain technology.
While the maiden crypto briefly enjoyed the $27,000 price level, it eventually traded back to the $26,000 threshold a few hours later.
With a promising outlook in play, many crypto investors are taking an opportunistic approach and investing in the ETH/USDT pair.
Historically, September has always been the worst month for Bitcoin, with the king of crypto averaging a 6% decline in its value in the said month from 2010 until 2022.
Marcus shared his new vision for the world's largest crypto asset by market capitalization, one that transcends the asset's status as a digital store of value and redefines the global financial ecosystem.
These catalysts include the spot ETF approval, fair value accounting rules from FASB and banks custody and lending against Bitcoin as collateral.
According to the Justice Department, Hared is known as "winblo" among his co-conspirators on a forum called ogusers[.]com.
Two years ago, El Salvador shrugged off a chorus of warnings and adopted Bitcoin as legal tender in a bid to revitalize its economy and improve access to financial services.
The SEC has postponed the majority of its decisions until Oct. 17, while setting the rulings for Bitwise on Oct. 16 and for Valkyrie on Oct. 19.
The federal appeals court said in the 20-page decision that "the denial of Grayscale's proposal was arbitrary and capricious because the Commission failed to explain its different treatment of similar products. We, therefore, grant Grayscale's petition and vacate the order."
For Grayscale Investments, its recent win in the court "is a monumental step forward for all who have been advocating for Bitcoin exposure through the added protections of the ETF wrapper."
The major Wall Street regulator is due to respond to Bitwise's filing on Friday, while its response to the applications of BlackRock, Invesco, WisdomTree and VanEck should be out by Sept. 2.
It is worth noting that the latest ruling does not guarantee a spot Bitcoin ETF in the U.S. but rather a grant on Grayscale's petition for review of its application, which the regulator previously rejected.
While Kennedy Jr. is championing Bitcoin and seemingly advertising it as a beacon of light in a dark tunnel, many question his intention, particularly since he admitted last month that he owns approximately $250,000 in BTC.
MicroStrategy, which has been accumulating Bitcoin as part of its holdings since 2021, revealed earlier this month that it made the biggest BTC purchase in the second quarter of 2023.
SpaceX's financials reportedly revealed around $5.2 billion in total expenses for 2022, with an additional $5.4 billion spent on property acquisition, R&D and equipment between 2021 and 2022.