Since bitcoins are a significant part of our assets, if we are unable to raise capital or borrow money on favorable terms, we may have to sell bitcoins to meet our financial obligations. This sale could be at a price lower than our purchase or simply unprofitable.
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BlackRock has appointed Anchorage Digital Bank N.A. as an additional custodian for the iShares Bitcoin Trust ETF (IBIT), according to a Form 8-K filing dated April 7.
This introduces a dual-custodian model with Anchorage Digital and Coinbase, enhancing the security of IBIT's Bitcoin holdings. Anchorage Digital is the only federally chartered digital asset bank in the U.S., offering custody and staking services.
The partnership addresses the growing demand for digital assets among retail and institutional clients. Robert Mitchnick from BlackRock noted that Anchorage Digital meets the company's high standards.
Additionally, BlackRock has received approval from the UK FCA to operate as a crypto asset firm and launched the Bitcoin ETP (IB1T) on Euronext Paris and Amsterdam with a temporary fee waiver.
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The founder of Timechain Index suggests that the transfer of 8,450 BTC ($700m) may not just be a movement of assets to new wallets, but rather a sale of Bitcoin to fulfill or secure loan obligations.
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This indicates a strong acceleration in the inflow of BTC to Binance due to macroeconomic uncertainty and ahead of the upcoming Consumer Price Index announcement.
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The market shows confidence, as many who wanted to sell have already exited.
However, risks remain, and new volatility could arise at any moment due to trade wars between the U.S. and China. Breaking new lows will be more challenging, as stronger triggers will be needed for that.
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π¬π§ #BTC Lomond School has become the first school in the UK to accept BTC for payment.
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The total holdings amount to 4,525 BTC worth $386 million.
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That's 3.28% of the total 21M Bitcoin supply to ever exist!
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The bill offers tax incentives for companies converting flare gas into digital asset mining.
Introduced on April 1, the FLARE Act aims to use natural gas from oil drilling for Bitcoin (BTC) mining. It allows companies to deduct costs of qualified property, addressing emissions in the oil and gas industry while promoting energy innovation.
The proposal has garnered support from digital asset firms and policy groups, including MARA Holdings and the Digital Power Network coalition, emphasizing its potential for sustainable mining growth and economic opportunities in rural areas.
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Everything about BTC & Crypto Mining pinned Β«πͺ β Senator Ted Cruz introduces the FLARE Act to repurpose flared gas for Bitcoin mining. The bill offers tax incentives for companies converting flare gas into digital asset mining. Introduced on April 1, the FLARE Act aims to use natural gas from oil drillingβ¦Β»