BTC

The U.S. SEC is poised to announce its decision on spot Bitcoin ETF applications this month, potentially this week, indicating an imminent approval.

The public conversation between the two tech and crypto leaders concluded with both acknowledging they are on the same team.

The software maker said the $347 million worth of Bitcoin acquired last quarter, purchased at an average price of $28,136 per coin, only represents the latest addition to the company's BTC holdings and not the total amount of the crypto asset it purchased.

Despite the dip in the price of Bitcoin, the "important news" is the continued surge in institutional interest in the world's largest crypto asset.

"Now I'm a Bitcoin owner, and I'm sure they'll now find a different way to come at me, but no one can say I didn't put my money where my mouth is," Kennedy Jr. explained.

During the period leading up to the highly anticipated Bitcoin halving, the cryptocurrency maintained its position around the $30,000 threshold, displaying stability over the past 15 days and very little volatility over the last couple of weeks.

Apparently, Bitcoin's presence in the source code was not a recent addition but was just retained even after Tesla suspended accepting BTC as a form of payment.

While some are skeptical of RFK Jr.'s promise, others in the crypto community are excited that it will revolutionize not only the industry but also the financial health of the United States.

The SEC took the first step in its process of deciding whether to approve the proposals submitted by six firms vying to offer spot Bitcoin ETF when it accepted the applications and added their names to the Federal Register.

Several factors could be credited for the revived interest of investors in Bitcoin, including the spot BTC ETF application of Wall Street giants led by BlackRock.

Although Bitcoin rallied last week due to the landmark decision of the court about the classification of Ripple Labs' native token XRP and other positive events, the maiden crypto saw some corrections after, which triggered the price of the crypto asset to trade above $30,000.

Bitcoin, Ether and the broader cryptocurrency market saw significant levels of gains after Ripple Labs bagged a major victory in court Thursday.

The Bitcoin stash might have come from the government's biggest seizure in November 2021, during which the authorities confiscated around $3.36 billion in BTC from hacker James Zhong.

Last week's surge in the price of the world's largest crypto asset by market capitalization was propelled by the bullish remarks of BlackRock CEO Larry Fink when he described Bitcoin as "digital gold" in an interview.

"if you can demonstrate that the spot market has similar efficacy to the futures market, it would be hard to resist approving a #bitcoin ETF," the former SEC chairman said.

Kennedy Jr.'s comment about Bitcoin has become less and less frequent following the Miami conference but occasionally mentioned his support for the maiden crypto during the one-on-one interview on Twitter Spaces with tech billionaire Elon Musk in June.

BlackRock's interest in Bitcoin is a bullish move but many are still wondering about the timing of the filing and what could be the reason for this revived interest in providing services related to the world's largest crypto asset by market capitalization.

With "the endorsement and trust of juggernauts like CBOE and BlackRock, there may be increased pressure for the SEC to rethink their claims due to the ripple effect it can have on these filings," Blockstation CEO Jai Waterman told IBT.

While the Federal Reserve did not offer the specific date for the service's official launch, it announced that 41 banks and 15 service providers have successfully completed the testing and will be ready to offer the service as soon as it goes live.

Industry watchers and commentators, however, think that it is just "buying the dip," or the market "overreacting" and pointed out that the news is positive for the applications.

The new version of the decentralized social media app no longer features the "zaps" feature, which Apple considers equivalent to selling digital content.

At the current rate of Bitcoin, Microstrategy is sitting on an unrealized profit of approximately $120,209,016.96.

The report, if accurate, is bullish for the cryptocurrency industry, which, over the past weeks, has experienced market turmoil following the regulatory enforcements executed by the US financial watchdog, SEC.

MicroStrategy has always been bullish toward Bitcoin, especially its co-founder and current executive chairman Michael Saylor who is not only a Bitcoin maximalist but also a BTC evangelist.

Tate and his co-defendants are set to face trial under house arrest while the legal proceedings continue.

Apple pointed out in the warning email that Damus' tipping feature allows users to send tips for receiving content from content creators, which utilizes a mechanism "other than in-app purchase."

While altcoins continue to wade in the puddle of red, Bitcoin showed dominance in the market, with long-term holders and market participants continuing their accumulation of the world's first-ever crypto asset and showing very little activity when it came to sending their stash to exchanges.

Bitcoin's short spike in price caused millions in losses for short traders.

Bitcoin may be the answer to AI cybersecurity threats, MicroStrategy's Michael Saylor says, as advancements in AI raise concerns about safety in cyberspace.