CRYPTO

By Brayden Lindrea of CoinTelegraph

US-based Bitcoin miner CleanSpark Inc. reportedly plans to set up an in-house trading desk sometime in 2024 to maximize returns from its Bitcoin holdings. According to a Jan. 2 report from Bloomberg, the firm’s CEO Zachary Bradford said the move would make use the the “large Bitcoin” balance the company has.

“We really think that doing it ourselves is the best way, especially with the large Bitcoin balance we have,” Bradford told (more…)

While many celebrate Oct. 31, 2008 – the release of the Bitcoin whitepaper – as Bitcoin’s original birthday, others take a more technical approach to determining the true age of Bitcoin.

For the latter, Jan. 3 is the actual date Bitcoin materialized as a store of value and transferable currency.

As CoinTelegraph reports, the genesis block, a.k.a. the first Bitcoin block, was mined on Jan. 3, 2009, by its mysterious creator Satoshi Nakamoto.

What followed was years of (more…)

Authored by Helen Partz via CoinTelegraph.com,

The SEC wants to minimize the number of intermediaries in spot Bitcoin ETFs to make them a “little more controllable,” Bloomberg ETF analyst Eric Balchunas said.

As the cryptocurrency community awaits the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States in January, today marks a significant deadline.

The U.S. Securities and Exchange Commission (SEC) said last week that spot Bitcoin ETF applicants must file final S-1 amendments by Dec. 29.

The regulator also required them to sign an agreement with an authorized participant (AP) and sort out the cash-create redemption model it favors.

The deadline means that today, the community will likely find out which spot Bitcoin ETF filers out of 14 applicants could be in the first wave of potential spot BTC ETF approvals, which is largely expected in early January.

According to Bloomberg’s senior ETF analyst Eric Balchunas, many ETF applicants have updated their filings with the cash-create redemption model.

As of Dec. 22, seven applicants had their filings fixed to cash-create, while the other seven included both cash-create and in-kind models in their registration statements.

Spot Bitcoin ETF filings’ statuses as of Dec. 22, 2023. Source: X (formerly Twitter)

Most existing ETFs involve in-kind creation, meaning that when the intermediaries want to make new ETF shares, they give firms like BlackRock funds using actual assets like (more…)