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☆ Bitcoin tops $44,000 for the first time since April 2022 as ETF optimism grows
▼ + stars: | 2023-12-05 | by ( Tanaya Macheel | ) www.cnbc.com time to read: 1 min

Bitcoin is building on its upward momentum, with the flagship cryptocurrency topping $44,000 for the first time since April 2022 on Tuesday. At one point, the coin traded as high as $44,903.45, its highest level since Apr. Tuesday's gains bring bitcoin up more than 160% for the year. Bitcoin has been reaching new highs more frequently over the past several weeks. It broke through $40,000 over the weekend for the first time since April 2022, after beginning November around the $34,000 level and climbing incrementally to new year-to-date highs in between.

Persons: bitcoin, Bitcoin Organizations: Metrics Locations: U.S

☆ Brazilian lender Itau launches crypto trading
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, Dec 4 (Reuters) - Brazilian bank Itau Unibanco (ITUB4.SA) on Monday launched a cryptocurrency trading service for clients of its investment platform, making the nation's largest lender the latest local player to enter the market for the digital asset's exchange. "It starts with bitcoin, but our overarching strategic plan is to expand to other crypto assets in the future," he said, adding any expansion would depend on how crypto regulation in the country evolved. Itau argues it will stand out from rivals as it also acts as a custodian, safeguarding users' assets, Antunes said. The move comes about a month after two local players announced they were leaving the crypto market. Brokerage and investments company XP (XP.O) did not say why it was shutting down its crypto service, but financial services firm PicPay, owned by conglomerate J&F which also controls meatpacker JBS (JBSS3.SA), cited regulatory uncertainties.

Persons: Guto Antunes, Itau, Antunes, meatpacker, Paula Arend Laier, Andre Romani, Kylie Madry, Chris Reese Organizations: SAO PAULO, Monday, Thomson Locations: bitcoin, Brazil

☆ Bitcoin hits $40,000 level for the first time this year
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: +1 min

Bitcoin coins are seen at a stand during the Bitcoin Conference 2023, in Miami Beach, Florida, U.S., May 19, 2023. REUTERS/Marco Bello/File photo Acquire Licensing RightsDec 3 (Reuters) - Bitcoin hit $40,085 on Sunday, its highest in almost a year and a half, fuelled by bets that U.S. regulators will soon approve stock-market traded bitcoin funds. Bitcoin was up 1.55% at 2234 GMT, adding $611 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 51.1% from the year's low of $26,533 on Oct. 11. Their downfall caused havoc in crypto markets and sparked the bankruptcy of some high-profile companies in the crypto sector.

Persons: Marco Bello, Bitcoin, Nilutpal, Lisa Shumaker Organizations: REUTERS, Thomson Locations: Miami Beach , Florida, U.S, Bitcoin, Bengaluru

☆ What to know about the controversial real-life relationship between Mary Kay Letourneau and Vili Fualaau that loosely inspired 'May December'
▼ + stars: | 2023-12-02 | by ( Olivia Singh | ) www.businessinsider.com time to read: +7 min

Aspects of the story are similar to the real-life scandal involving Mary Kay Letourneau and Vili Fualaau. AdvertisementTodd Haynes' latest film "May December" is now streaming on Netflix, and its similarities to the real-life sexual abuse scandal between Mary Kay Letourneau and Vili Fualaau are evident. AdvertisementIn the years since the scandal, Letourneau had insisted that she was unaware that her and Fualaau's relationship was illegal. In a TV special that aired on A&E in 2018 titled "Mary Kay Letourneau: Autobiography," she said that there was "nothing going on at all when he was a student of mine." Mary Kay Letourneau in February 1998.

Persons: Mary Kay Letourneau, Letourneau, —, Todd Haynes, Elizabeth Berry, Natalie Portman, Gracie Atherton, Yoo, Julianne Moore, Joe Atherton, Charles Melton, Gracie, Elizabeth pries, Fualaau, Joe Yoo, Joe, Mary, Charlie, It's, Ron Wurzer, Steve Letourneau, Audrey, Alan Berner, Vili Fualaau, Haynes, Samy Burch's, Burch Organizations: Service, Netflix, Fualaau, Columbia, Daily, New York Film, Business Locations: Savannah , Georgia, Letourneau, Georgia, Washington, Ocotber, Woodinville , Washington

REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsLONDON, Dec 1(Reuters) - The Ethereum blockchain's historical greenhouse gas emissions before a major software upgrade last year were equivalent to the yearly emissions of Honduras, a University of Cambridge study showed on Friday. From its launch in 2015 until the Merge, Ethereum's greenhouse gas emissions totalled 27.5 million tonnes carbon dioxide equivalent (MtCO2e), the study showed. Its current yearly emissions are around 2.8 kilotonnes carbon dioxide equivalent, the study found - around the same as five round-trip flights from London to New York. It is generally thought that blockchain is "a highly emitting technology," said Anna Lerner, executive director at the Ethereum Climate Platform, an organisation that seeks to use blockchain tech to accelerate climate finance. The annual emissions of Bitcoin, the largest blockchain and cryptocurrency, are therefore roughly equivalent to those of Cambodia in 2020, according to Climate Watch.

Persons: Dado Ruvic, Anna Lerner, Ethereum, Alexander Neumueller, Neumueller, Tom Wilson, Alexandra Hudson Organizations: REUTERS, University of Cambridge, Global, Climate Watch, Reuters, Alexandra Hudson Our, Thomson Locations: Honduras, Dubai, London, New York, Bitcoin, Cambodia

☆ Bitcoin finishes November strong as investors enter a waiting period in the final month of 2023
▼ + stars: | 2023-12-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

November was perhaps the most significant month of this year for the crypto industry and gave bitcoin a strong setup as investors look toward 2024. "It's safe to say that the market is grinding higher in anticipation of a spot bitcoin ETF approval in January," said Ryan Rasmussen, research analyst at Bitwise Asset Management. "Some investors will continue trying to front-run the potential spot bitcoin ETF approval, but December is essentially a 'wait and see' period for bitcoin," he said. November is a historically strong month for bitcoin. "It tells us that investors are interested in more than just the potential for a spot bitcoin ETF.

Persons: Bitcoin, FTX's, Sam Bankman, Fried, Ryan Rasmussen, There's, CoinGlass, Rasmussen Organizations: Metrics, Investors, Binance, U.S . Department of Justice, Bitwise Asset Management, U.S . Securities, Exchange Commission, Wolfe Research Locations: altcoins

Coinbase has the added benefit of having survived the so-called crypto winter, while so many of its rivals disappeared or downsized. Combination showing Former FTX CEO, Sam Bankman-Fried (L) and Zhao Changpeng (R), founder and chief executive officer of Binance. With assets of more than $65 billion on the platform, Binance remains the world's largest crypto exchange globally. watch nowBoth Coinbase and Binance still face legal battles with the Securities and Exchange Commission, which was noticeably absent from the Binance settlement. Regulatory approval would open up many more avenues for people to buy bitcoin.

Persons: Brian Armstrong, Carlos Jasso, Coinbase, Sam Bankman, FTX, Changpeng Zhao, Zhao Changpeng, Binance, Zhao, CoinGecko, Mizuho, it's, CNBC's Joumanna, Armstrong, Bittrex, JPMorgan Chase, Franklin Templeton Organizations: U.S . Securities, Exchange Commission, Bloomberg, Getty, Tech, Reuters, Justice Department, CNBC, Mizuho, Securities and Exchange Commission, U.S, SEC, JPMorgan, WisdomTree Locations: U.S, Binance, Needham, BlackRock, WisdomTree

☆ IOTA launches $100 million entity in Abu Dhabi to create digital network
▼ + stars: | 2023-11-29 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +3 min

IOTA digital tokens will fund the investment. The foundation will be seeded with over $100 million in IOTA tokens, to be vested over the next four years, Schiener said. IOTA tokens on Tuesday traded at about $0.17, with a market capitalization of roughly $524 million, Coinmarketcap.com showed. The funds will be used to develop the IOTA network and accelerate its growth, Schiener said. IOTA will also start "tokenizing" assets, he said, a process in which ownership rights in land or buildings are represented as digital tokens and stored on a blockchain.

Persons: Satoshi bitcoin, Arnd, Dominik Schiener, Binance, Schiener, Hamad Sayah Al Mazrouei, Gertrude Chavez, Dreyfuss, Alden Bentley, Richard Chang Organizations: Swiss, Bity, REUTERS, IOTA, Wednesday, Abu Dhabi Global, United Arab, Registration, ADGM, Thomson Locations: Zurich, Switzerland, Abu Dhabi, United Arab Emirates, UAE, Europe, Germany

SoFi will no longer be offering crypto trading services starting on December 19, 2023. Account Minimum $0 ($1 for fractional shares; $2,000 for margin trading) Fees 0% ($5/month for Robinhood Gold) Pros Check mark icon A check mark. Buy, sell, or store more than 170 cryptocurrencies like bitcoin and dogecoinCheck mark icon A check mark. Limited staking options Insider’s Take Coinbase is one of the best investment platforms for crypto trading, staking rewards, and crypto storage. The crypto trading app has 24/7 customer support, zero trading fees, learning rewards features, and an online storage wallet.

Persons: SoFi, eToro, Jeremy Zafiros, you'll Organizations: SoFi, Robinhood, Coinbase, Pro, USA, eToro USA, Smart, eToro Trading, eToro, Visa, Mastercard Locations: Blockchain.com, USA, New York , Minnesota , Nevada , Puerto Rico , Tennessee, Hawaii, Guam, American Samoa , Northern Marianas, There's, New York , Nevada , Puerto Rico, American Samoa, Virgin Islands, Abra

A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. Anticipation of easing U.S. borrowing costs and a possible U.S. spot bitcoin exchange-traded fund have lifted crypto prices since the summer, with market bitcoin gaining by about half since the end of August. Ether , the layer 1 token linked to the Ethereum blockchain on which most layer 2 tokens are based, has leapt 13.8% to $2,028.80 in the past month. They are often among the last ones to catch a bid when broader crypto market rises and among the first ones to sell off when sentiment is shaken. Numerous projects and their tokens were launched as the crypto market boomed in 2020, before sinking during the crypto winter of 2022.

Persons: Benoit Tessier, It's, Matteo Greco, Joshua Peck, Peck, Alyse Killeen, Fineqia International's, Lisa Mattackal, Medha Singh, Tom Wilson Organizations: La Maison du, REUTERS, Fineqia, Reuters, Thomson Locations: La, Paris, France, U.S, Stillmark, Bengaluru

☆ Bitcoin’s next pullback is a buying opportunity before price heads to $40,000, says Wolfe Research
▼ + stars: | 2023-11-28 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin's price may be due for one more pullback in the coming weeks and that could be a good opportunity to buy more of the cryptocurrency before its next leg up, according to Wolfe Research. "[Bitcoin] now sits within reach of having retraced 50% of the decline off its highs," Ginsberg wrote in a note last week. However … near term price action may provide for one more buying opportunity before continuing higher." BTC.CM= 1Y mountain Bitcoin (BTC) now has retraced nearly 50% of the decline off its 2021 all-time high. "We would use it as a buying opportunity as the next move higher likely takes price above $40,000."

Persons: bitcoin, Rob Ginsberg, Ginsberg, — CNBC's Michael Bloom Organizations: Wolfe Research, BTC, Metrics Locations: U.S

☆ Regulation is the main sticking point for crypto as bitcoin inches to another new 2023 high
▼ + stars: | 2023-11-25 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Bitcoin rallied to start the week, touched a new 2023 high to end it and suffered a brief drop in between, weighed down by the trouble at Binance. Bitcoin ended the week higher by about 4% after touching a new 2023 high on Friday above $38,000. Coin Metrics measures a week in crypto, which trades 24 hours a day, from 4:00 p.m. Optimism about the likely approval of a spot bitcoin ETF has been building for the past couple months, serving as the biggest catalyst for the cryptocurrency. The challenge is that active crypto trader positioning appears long, he added, based on activity in crypto futures, options, open interest and funding rates.

Persons: Bitcoin, Zach Pandl, bitcoin, Pandl, Michael Rinko, Biden, there's Organizations: CNBC, Regulators, Delphi Locations: Binance, Argentina, U.S

☆ Dollar slips on bets US rates have peaked
▼ + stars: | 2023-11-24 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +4 min

A woman counts U.S. dollar bills at her home in Buenos Aires, Argentina August 28, 2018. Currencies traded in a relatively narrow range with U.S. markets closing early the day after the U.S. Thanksgiving holiday. "I think what we're seeing is a classic case of the market taking the 'path of least resistance.'" The dollar index , which measures the U.S. currency with six peers, eased 0.4 % to 103.35 , staying close to the 2-1/2 month low of 103.17 touched earlier this week. German business morale improved for a third straight month in November, data showed.

Persons: Marcos Brindicci, Michael Brown, Jane Foley, Sterling, Saqib Iqbal Ahmed, Ankur Banerjee, Joice Alves, David Evans, Jason Neely, Richard Chang Organizations: REUTERS, U.S, Trader, P Global, Rabobank, Federal, ING, Thomson Locations: Buenos Aires, Argentina, London, Germany, Singapore

☆ Dollar eases on bets US rates have peaked
▼ + stars: | 2023-11-24 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +4 min

A woman counts U.S. dollar bills at her home in Buenos Aires, Argentina August 28, 2018. "I think what we're seeing is a classic case of the market taking the 'path of least resistance'," Brown said. The dollar index , which measures the U.S. currency with six peers, eased 0.3% to 103.43, staying close to the two-and-a-half month low of 103.17 it touched earlier this week. Elsewhere, the Japanese yen was about flat against the dollar at 149.53, after strengthening following data that showed Japan's core consumer price growth picked up slightly in October. Separate data showed German business morale improved for a third straight month in November.

Persons: Marcos Brindicci, Michael Brown, Brown, X's Brown, Sterling, Saqib Iqbal Ahmed, Ankur Banerjee, Joice Alves, David Evans, Jason Neely Organizations: REUTERS, U.S, Trader, P Global, Federal, ING, Thomson Locations: Buenos Aires, Argentina, London, U.S, Germany, Singapore

☆ Bitcoin rises to new high for the year Friday above $38,000
▼ + stars: | 2023-11-24 | by ( Tanaya Macheel | ) www.cnbc.com time to read: 1 min

Crypto prices have recovered from a big dip earlier in the week, with bitcoin hitting a new high for 2023 on Friday. Bitcoin rose 2% Friday to reach $38,350.00, its highest level since May 2022, according to Coin Metrics. It's on pace to end the week higher by 5%. Meanwhile, ether has moved back above the key psychological level of $2,000, last trading more than 2.5% higher at $2,122.98. The second largest token by market cap is outperforming the crypto market this week, on pace to end up more than 9%.

Persons: Bitcoin Organizations: Metrics, Solana, –

☆ $115 million stolen from two crypto firms linked to Justin Sun after hack
▼ + stars: | 2023-11-23 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

The logo of HTX, formerly known as Huobi, is seen on the screen of a mobile device in this photo. Two cryptocurrency platforms linked to high-profile digital entrepreneur Justin Sun were hacked in two exploits that may have stolen an estimated $115 million to date. Sun, who is an investor in HTX and linked to the Heco Chain, confirmed the events. Market analytics firm CryptoQuant assesses that a total of $85.4 million worth of cryptocurrency has been stolen from the Heco Chain. CNBC has reached out to HTX for comment on Heco Chain losses.

Persons: Justin Sun, HTX, Sun, HBTC Organizations: CNBC Locations: HTX, CoinGecko

☆ Bitcoin rises 5.7% to $37,802
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: 1 min

A representation of cryptocurrency bitcoin is seen in front of a stock graph and U.S. dollar in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/File Photo Acquire Licensing RightsNov 22 (Reuters) - Bitcoin rose 5.7 % to $37,802 at 2129 GMT on Wednesday, adding $2,044 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 42.5% from the year's low of $26,533 on Oct. 11. Ether , the coin linked to the ethereum blockchain network, rose 7.94 % to $2,087.9 on Wednesday, adding $153.6 to its previous close. Reporting by Nilutpal Timsina in Bengaluru; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado, Nilutpal, Jonathan Oatis Organizations: REUTERS, Thomson Locations: Bitcoin, Bengaluru

WASHINGTON (AP) — While the scandals in the cryptocurrency industry seem to never end, Washington policymakers appear to have little interest in pushing through legislation to codify the structure of the industry. The latest shoe to drop is Binance’s multibillion dollar settlement with U.S. authorities and the resignation of its CEO this week. When cryptocurrencies collapsed and a number of companies failed last year, Congress considered multiple approaches for how to regulate the industry in the future. Brown has been highly skeptical of cryptocurrencies as a concept and he’s been generally reluctant to put Congress’ blessing on them through legislation. Yesterday’s development marks the same inflection point that we saw earlier at the intersection of the .com and post-.com eras.”

Persons: Sam Bankman, cryptocurrencies, Janet Yellen, Changpeng Zhao, Zhao, Binance, General Merrick Garland, — Binance, Debbie Stabenow, John Boozman, Sen, Sherrod Brown, Brown, He’s, ” Brown, Fried, can’t, ”, Dennis Kelleher, Yiannis Giokas Organizations: WASHINGTON, Treasury, White, Biden Administration, Binance, U.S . Treasury, U.S, Securities and Exchange Commission, Coinbase, SEC, PayPal, Futures Trading Commission, Agriculture Committee, U.S ., Financial Services, Senate, Consumer, Better, Moody’s Analytics, U.S . Authorities Locations: Washington, United States, Cayman Islands, Ohio, stablecoins, U.S

☆ Cryptocurrencies dip as investors digest regulatory updates from industry heavyweights Binance, Kraken
▼ + stars: | 2023-11-21 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Founder and CEO of Binance Changpeng Zhao, commonly known as "CZ", attends the "CZ meets Italy" at Palazzo Brancaccio on May 10, 2022 in Rome, Italy. The move weighed on the rest of the crypto market. Earlier in the day the coin rose as much as 5% with hopeful investors eager to see the multi-year investigation into the world's largest crypto exchange resolved. Cryptocurrencies were slightly lower Tuesday, as investors weighed a batch of regulatory updates from Washington involving some of the biggest names in crypto: Binance, Kraken and Tether. Investors were all weighing news from another major crypto exchange: Kraken.

Persons: Zhao, Palazzo Brancaccio, Ripple's XRP, Solana, Uniswap, bitcoin, Changpeng Zhao, James Butterfill Organizations: CZ, U.S . Department of Justice, Binance, SEC, Securities and Exchange Commission Locations: Italy, Palazzo, Rome, Washington, Southeast Asia

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Nov 20 (Reuters) - Crypto firm Tether said on Monday that it had frozen $225 million worth of its cryptocurrency which it said had been linked to a human trafficking group in Southeast Asia. The Secret Service did not immediately respond to a Reuters request for comment. Tether and OKX collaborated with the U.S. Department of Justice (DOJ) on the investigation, Tether said without elaborating. The crypto tokens were "linked to an international human trafficking syndicate in Southeast Asia responsible for a global “pig butchering” romance scam," Tether said. There are $87.9 billion tether tokens in circulation, making it the third biggest cryptocurrency after bitcoin and ether, according to CoinGecko data.

Persons: Dado Ruvic, OKX, Elizabeth Howcroft, Christina Fincher Organizations: REUTERS, Secret Service, U.S . Department of Justice, DOJ, United Nations, U.S ., Thomson Locations: Southeast Asia, The

☆ 'Give him the benefit of the doubt': Why one gay GOP leader is holding his fire on Mike Johnson — and wants to know if he has any gay friends
▼ + stars: | 2023-11-20 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +17 min

Again, not to predetermine or predispose the speaker, I just don't know how many gay people he knows. Marjorie Taylor Greene said she voted against him in part because he voted for the "Democrat gay marriage bill." So you're out of step, you're out of line, Marjorie, if you've got a problem with gay marriage. I don't think during that time, President Obama or then-Vice President Biden were supportive of LGBT equality. I'm not surprised it tracks with where he is on gay marriage, it tracks with where he is on LGBT acceptance issues in society.

Persons: Mike Johnson's, We've, Charles Moran, —, Mike Johnson, Johnson, litigating, Moran, he's, Steve Scalise, Tom Emmer, …, Jim Jordan, I'm, Kat Cammack, Johnson's, litigate, He's, Marjorie Taylor Greene, Rick Allen, Emmer, Joe Biden, Marjorie, you've, I've, we've, Donald Trump's, Dylan Mulvaney, Bud Light, Obama, Biden, Hillary Clinton, It's, it's, Lawrence, Barack Obama, Eric Holder, That's, they're, haven't Organizations: Republican, Service, Republicans, Republican Conference, Representatives, Research, LGBT, Democrat, House Republican Conference, Senate, US Initiative, Trump, . Texas, Defense, Republican Party, Human, Education Law, HRC Locations: Roman, America, Louisiana, Georgia, ., Florida

☆ How close are crypto markets to first spot bitcoin, ether ETFs?
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +1 min

Word "Crypto" and stock graph are seen through magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNov 20 (Reuters) - A spate of filings for spot bitcoin and ether exchange-traded funds (ETFs), including from traditional finance heavyweights, has revived the crypto market that had been crushed by a series of meltdowns last year. A spot crypto ETF would track the market price of the underlying crypto asset, giving investors exposure to the token without having to buy the currency. The SEC has previously denied all spot bitcoin ETF applications citing potential for fraud, but that could soon change after it lost a legal battle in August. Here is a pipeline of filings for spot bitcoin ETFs awaiting approval:Reuters GraphicsHere is a pipeline of spot ether ETFs awaiting approval:Here are some ether futures-tied ETFs that have been approved recently:Sources: filings, media reports, company statementsReporting by Manya Saini and Niket Nishant in Bengaluru; Editing by Michelle Price and Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: magnifier, Dado Ruvic, Manya Saini, Niket, Michelle Price, Shounak Organizations: REUTERS, SEC, Thomson Locations: Bengaluru

☆ Cryptocurrency Prices Surge, Driven by a Potential Bitcoin Fund
▼ + stars: | 2023-11-16 | by ( David Yaffe-Bellany | More About David Yaffe-Bellany | ) www.nytimes.com time to read: +1 min

Shortly before Mr. Bankman-Fried’s verdict landed on Nov. 2, the price of Bitcoin surpassed $35,000, its highest level since an industry meltdown in 2022. Crypto investors are growing optimistic that the Securities and Exchange Commission will approve an exchange traded fund, or E.T.F., that tracks the price of Bitcoin, analysts said. The fund would trade on traditional stock exchanges and offer an easy way for people to invest in cryptocurrencies, potentially bringing a wave of money into the industry. that seemed to pave the way for it to offer the Bitcoin product. And last week, BlackRock, a giant money manager, filed paperwork to establish a similar E.T.F.

Persons: Sam Bankman, Bankman, ” Organizations: Mr, Securities and Exchange, BlackRock Locations: Manhattan

☆ Bitcoin falls 4.94% to $36,007
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: 1 min

A representation of cryptocurrency bitcoin is seen in front of a stock graph and U.S. dollar in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/File Photo Acquire Licensing RightsNov 16 (Reuters) - Bitcoin dropped 4.94% to $36,007 at 2117 GMT on Thursday, losing $1,870 from its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is down 5.2% from the year's high of $37,978 on November 9. Ether , the coin linked to the ethereum blockchain network, dropped 4.86 % to $1,959.8 on Thursday, losing $100.2 from its previous close. Reporting by Jose Joseph in Bengaluru; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado, Jose Joseph, Jonathan Oatis Organizations: REUTERS, Thomson Locations: Bitcoin, Bengaluru

☆ BlackRock files for spot ethereum ETF to further crypto push
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

BlackRock is proposing to convert the trust to a "spot" ETF, which means it will own ether instead of futures products tied to the crypto token. While futures-based crypto ETFs have previously been approved by the U.S. Securities and Exchange Commission (SEC), the regulator has long contended that the spot crypto market is prone to fraud and manipulation. BlackRock dipped its toes in the crypto space with its filing for a spot bitcoin ETF in June. Coinbase Custody, a unit of crypto exchange Coinbase (COIN.O), will hold the proposed ETF's ether in custody. The company is also the proposed custodian of BlackRock's bitcoin ETF.

Persons: Brendan McDermid, Niket, Shinjini Organizations: BlackRock, New York Stock Exchange, REUTERS, Nasdaq, U.S . Securities, Exchange Commission, SEC, Thomson Locations: New York City, U.S, bitcoin, Bengaluru

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