Bitcoin reached over 34.2k but has now dropped to less than 33.5k. Insane! 🤯🤯
BlackRock Prepares to Launch a Bitcoin ETF, Ticker is Listed
BlackRock's iShares Bitcoin Trust has a ticker and secured initial funding.
In Summary
- A ticker for BlackRock's iShares Bitcoin Trust, $IBTC, has been listed by the DTCC, suggesting an imminent launch of their Bitcoin ETF.
- BlackRock filed an amendment with the SEC mentioning that an initial investor plans to purchase shares this month.
- Approval for a Bitcoin ETF could occur soon, with a 90% probability of approval in January, according to Bloomberg Intelligence analysts.
Font: decrypt.co
BlackRock's iShares Bitcoin Trust has a ticker and secured initial funding.
In Summary
- A ticker for BlackRock's iShares Bitcoin Trust, $IBTC, has been listed by the DTCC, suggesting an imminent launch of their Bitcoin ETF.
- BlackRock filed an amendment with the SEC mentioning that an initial investor plans to purchase shares this month.
- Approval for a Bitcoin ETF could occur soon, with a 90% probability of approval in January, according to Bloomberg Intelligence analysts.
Font: decrypt.co
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They were creative in this video. 😂
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BREAKING: Bitcoin drops 3% in minutes after IBTC ticker, from BlackRock's ETF, is removed from the Depository Trust & Clearing Corporation (DTCC) website. The crypto community speculates about the reason for the removal.
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JUST IN: Bitcoin continues to rally after IBTC, from BlackRock, reappears on the website (https://www.dtcc.com/products/cs/exchange_traded_funds_plain_new.php).
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These images could easily be a poster for a Disney movie about AMT's Bitcoin mining! Which one did you like the most? 😍
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A response to the question: "What is BTC backed by?"
Well, Bitcoin is already acknowledged by many as "digital gold." Its value comes from trust in the secure technology and mathematics behind it, making any kind of fraud or alteration in transactions difficult.
In fact, it ends up being used as a backing for other assets, and AMT is an example of this.
Well, Bitcoin is already acknowledged by many as "digital gold." Its value comes from trust in the secure technology and mathematics behind it, making any kind of fraud or alteration in transactions difficult.
In fact, it ends up being used as a backing for other assets, and AMT is an example of this.
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JUST IN: Bitcoin’s mining difficulty adjusts upwards (+2.35%) for the fourth consecutive time.
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AutoMiningToken
JUST IN: Bitcoin’s mining difficulty adjusts upwards (+2.35%) for the fourth consecutive time.
The difficulty rate in Bitcoin mining is an automatic adjustment made by the network to ensure that transaction blocks are added to the blockchain approximately every 10 minutes. This adjustment occurs every 2016 mined blocks, typically every two weeks.
When the difficulty rate increases, it means that it becomes more challenging for miners to solve the complex mathematical problem that validates the blocks. This results from an increase in the amount of computational power (hash rate) in the network.
As a result, miners may take longer to find solutions and, therefore, receive rewards. This can affect the profitability of mining by raising operational costs and reducing profits.
Miners may face tougher competition and a decrease in block reward frequency. This is one of the reasons why Bitcoin mining has become a highly competitive and resource-demanding activity.
When the difficulty rate increases, it means that it becomes more challenging for miners to solve the complex mathematical problem that validates the blocks. This results from an increase in the amount of computational power (hash rate) in the network.
As a result, miners may take longer to find solutions and, therefore, receive rewards. This can affect the profitability of mining by raising operational costs and reducing profits.
Miners may face tougher competition and a decrease in block reward frequency. This is one of the reasons why Bitcoin mining has become a highly competitive and resource-demanding activity.