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Bitcoin.com News

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Bitcoin.com News

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  • Corporate Stablecoins: A New Frontier or a Step Toward Centralization? Stablecoins were built as a bridge between fiat currency and the crypto economy. And for a while, that bridge held. Tether’s USDT became the dominant trading pair across most exchanges, despite years of scrutiny over whether its reserves are truly backed 1:1 by U.S. dollars or equivalent assets like short-term Treasuries. Circle’s USDC followed, gaining trust through greater transparency, regular attestations, and growing institutional partnerships. Circle recently filed for an IPO, a move that signals both its scale and the regulatory scrutiny it’s prepared to operate under. MakerDAO’s DAI offered a more decentralized approach, collateralized with crypto assets instead of fiat. These models weren’t perfect, but they aligned in some way with the original values of this industry. Now we’re seeing a new crop of stablecoins emerge. Not from crypto-native builders, but from major corporations and politically connected ventures. Bank of America has openly said it’s ready to launch a dollar-backed stablecoin as soon as it gets the regulatory green light. PayPal already launched PYUSD through Paxos, integrating it directly into PayPal and Venmo. World Liberty Financial, backed by the Trump family and other politically tied investors, has issued USD1. It’s marketed as fully backed by U.S. Treasuries and cash deposits, with BitGo acting as custodian. Binance has reportedly committed $2 billion to support it. Amazon and Walmart are also reportedly exploring stablecoin initiatives of their own, which could have wide-reaching implications given their user bases and retail influence. We should expect many more stablecoin launches in the near future. The GENIUS Act, which has passed the House and is now advancing toward a final vote in the Senate, aims to establish a clear regulatory framework for stablecoin issuers. It includes rules on full reserve backing, disclosure standards, licensing requirements, and annual audits for larger players. If signed into law, it could give banks, fintechs, and major consumer brands the regulatory clarity they need to enter the market more aggressively. Some see this as a sign of progress. Stablecoins going mainstream. Legacy institutions finally catching up. But it’s not that simple. Just because a token is called a stablecoin doesn’t mean it functions the same way. And when the label becomes more about marketing than mechanics, we have a problem. We’ve already lived through the collapse of Terra. It wasn’t just bad design. It was a failure to do the hard work of transparency and risk management. That’s the part that gets forgotten when big brands step in and assume trust by default. This isn’t about gatekeeping. Let companies launch stablecoins. Let them compete. But don’t confuse a PayPal coin with a public utility. These are corporate products. They are built to serve business goals, not necessarily the interests of the broader crypto ecosystem. If a stablecoin can freeze your funds, track your spending, or restrict how and where you use it, that’s not an open financial tool. It’s a permissioned ledger with a friendlier interface. That might be fine for many users. But let’s not mistake that for progress. The market will ultimately decide what wins. But before we hand over our trust, it’s worth asking basic questions. Who controls the coin? How is it backed? Is it audited? Can it be taken from you?
  • Abra CEO Bill Barhydt Says Crypto Is Replacing the 60/40 Portfolio Bond performance is in the gutter while bitcoin is reaching all-time highs. Savvy financial advisors are now telling their peers to throw out bonds and replace them with crypto. The decades-long rule of thumb for diversifying assets in a client portfolio by allocating 60% of the capital to equities and 40% to bonds, the so-called “60/40” model, may end up going the way of the dodo bird, thanks to crypto; at least that’s what Bill Barhydt, CEO of crypto wealth management platform Abra told Bitcoin.com News in an interview. “Right now, the traditional model at a wealth advisor is the 60-40 model,” Barhydt explained. “And we know how well the ‘40’ has done,” he added, alluding to the dismal bond market performance over the past few years. Bloomberg’s U.S. Aggregate Bond Index returned a paltry 1.25% in 2024 and an even worse negative 0.05% over the past five years. Abra CEO Bill Barhydt Says Crypto Is Replacing the 60/40 Portfolio (Bloomberg’s US Aggregate Bond Index returned 1.25% in 2024 / Bloomberg) Barhydt, who has an eclectic background having worked for the CIA, NASA, Goldman Sachs, and 1990s web browser firm Netscape, initially launched Abra as a bitcoin-based remittance app. The company went through multiple pivots before landing on crypto wealth management. “That’s what happens when you’re early,” said Barhydt. “The market tells you where to go if you’re listening.” Barhydt made an appearance at the 7th Annual Vision Conference in Arlington, Texas on Tuesday to not only give a presentation but also to listen to what the investment advisor community had to say about crypto. The conference, organized by the Digital Assets Council of Financial Professionals (DACFP), typically attracts hundreds and sometimes even thousands of advisors interested in cryptocurrencies. “The vibe has completely changed,” Barhydt said about the general sentiment at the conference. “It went from – when I first presented at this event five years ago – ‘sceptical magic Internet money nonsense,’ to ‘hey, we need to be offering this to our clients.’” Barhydt explained that TradFi advisor turned crypto evangelist Ric Edelman, who also happens to be the founder of DAFCP, stood up and announced the death of the 60/40 model. “The allocation model you’re familiar with – stocks and bonds – must now be replaced by one featuring stocks, crypto, and bonds” Edelman said, according to a press release from DAFCP. “The correct allocation now is to place 70% to 100% of the client’s portfolio into stocks and crypto, with no more than 30% in bonds, and potentially zero in debt securities.” With a potential deluge of new business waiting in the wings, Abra wants to position itself as the go-to firm for advisors seeking crypto exposure for their clients’ portfolios. The company not only offers spot crypto, but also borrowing, lending, yield, and other services. “If you’re on zero [allocation], now is the time to get off zero,” said Barhydt. “Bitcoin represents the best economic opportunity of our lifetime.”
  • Brazilian Authorities Terminate Exemptions, Aims to Tax Crypto Held in Self Custody Brazilian authorities issued a Provisional Measure that terminates the previous tax regime and introduces a new ruleset to tax all crypto-derived profits. The new rule also states that these measures apply to crypto held in self-custody wallets and digital assets held abroad. Brazilian Government Announces New Crypto Tax Regime, Throws Self-Hosted Assets in the Mix The Brazilian government has announced new tax rules for cryptocurrencies held both in the country and abroad. A Provisional Measure published on June 11 derogates the previous tax regime that established a lower floor for paying taxes linked to digital assets, and establishes a flat fee for all income derived from holding or trading these assets. Provisional Measure 1,303 establishes that these gains will pay a flat fee of 17.5% as income tax, without exception. Before, crypto income was taxed only if the amount exceeded 35,000 reais (nearly $6,320) and was lower than 5 million reais (nearly $900,000) at 15%, 17.5% for volumes between 5 million reais and 10 million reais ($1,800,000); 20% for the range between 10 million and 20 million reais ($3,600,000); and 22% for volumes above 30 million reais ($5,400,000). The measure points out that “all income, including net gains, obtained from transactions with virtual assets, including financial arrangements with virtual assets that are the digital representation of value negotiated or transferred by electronic means and used for payment or investment purposes” are included in this new regime. In the same way, the document includes transactions and income produced by crypto held in self-custody wallets in its scope. This hints at the taxation of decentralized finance activities. Nonetheless, it doesn’t explain how this process will be carried out or how the relevant authorities will be able to tax these operations. The calculation of these taxes will be made every quarter, and traders will be able to deduct previous losses. The measure comes as there is a public debate about the hike of the so-called financial transaction tax, and legislators were considering including crypto assets under the law’s umbrella to offset the increase to the cryptocurrency industry and its users.
  • Bitcoin Liquidations Surge to $1.16 Billion; Economist Claims BTC Is 15% Lower vs. Gold Economist Peter Schiff has renewed his criticism of bitcoin, questioning its status as “digital gold” after the cryptocurrency marginally dropped following Israel’s military strike on Iranian nuclear facilities. Gold Surges After Israeli Strikes Economist and bitcoin critic Peter Schiff appeared to reignite a feud with bitcoin maximalists by questioning bitcoin ( BTC)’s “digital gold” credentials after it plummeted 2% just moments following Israel’s strike on alleged Iranian nuclear facilities. According to data, bitcoin at one point traded at $103,081 late on June 12 before it appeared to stage a recovery. Bitcoin Liquidations Surge to $1.16 Billion; Economist Claims BTC Is 15% Lower vs. Gold Although the top digital asset and indeed the entire crypto economy were already in the red prior to Israel’s strike, the action appeared to exacerbate matters for BTC, with oil and stock markets also taking a hit. At the time of writing (June 13, 5 a.m. CAT), BTC traded around $103,327, down 4.5% from 24 hours earlier. The drop saw more than $1.16 billion in long and short positions liquidated within 24 hours. Writing on social media, Schiff pointed to how BTC appeared to take a cue from traditional markets while gold, which is up more than 30% in 2025, went the opposite direction after the attack. “Israel attacks Iran. Oil prices jump 5% while S&P futures fall 1.5%,” Schiff wrote. “In response, investors seeking a safe haven buy gold, sending its price up 0.85%. Meanwhile, investors dump Bitcoin, pushing its price down 2%. How can anyone consider Bitcoin to be a digital version of gold?” ‘Latecomers Left Holding the Bag’ According to Schiff, if bitcoin was indeed a digital version of gold, its price should have risen in line with that of the precious metal. Meanwhile, in an earlier post, the economist claimed that BTC was “now more than 15% below its Nov. 2021 peak” — that is, when priced in gold. He argued that BTC’s failure to rise against gold despite the hype that has lasted three and half years “is strong evidence that the bubble has peaked.” Bitcoin Liquidations Surge to $1.16 Billion; Economist Claims BTC Is 15% Lower vs. Gold For context, in November 2021, BTC reached its then all-time high of just under $68,000, while gold was below $1,800 per ounce, as shown by data from financial data provider Goldprice.org. While gold continued to make incremental gains in the two years that followed, BTC trended downwards, and by November of the following year, it had dropped to a low of just under $16,000. Since then, BTC has trended upwards, with the top digital asset hitting a new all-time high of $111,814 on May 22. Gold, on the other hand, commenced its rally in the last quarter of 2023, with the precious metal reaching its peak of around $3,500 in April. However, despite BTC nearly doubling its price since its November 2021 peak, Schiff insisted that the cryptocurrency is 15% lower, when “priced in gold.” He ended the post stating: “A major top has been formed, as Bitcoin has been distributed from strong to weak hands. The whales have been cashing out to latecomers who will be left holding the bag.”
  • Crypto ETF Surge: Bitcoin and Ether Funds Attract Over $550 Million as Inflows Continue Bitcoin ETFs recorded another impressive inflow of $431 million, solidifying their recovery streak, while ether exchange-traded funds (ETFs) celebrated their 17th consecutive day of gains with a fresh $124.93 million inflow, pushing total net assets beyond the $10 billion milestone. Bitcoin ETFs Post Second Day of Strong Gains As Ether ETFs Mark 17 Days of Inflows and Break $10 Billion Barrier The crypto ETF market lit up green again on Tuesday, June 10, as bitcoin and ether funds kept their upward momentum alive. Investors continued piling into bitcoin ETFs with a $431.12 million net inflow, marking the 2nd straight day of robust fund entries. Leading the charge was Blackrock’s IBIT, soaking up $336.74 million, followed by Fidelity’s FBTC with $67.07 million and Ark 21shares’ ARKB adding $20.25 million. Even Invesco’s BTCO saw a decent $7.65 million inflow. Only Bitwise’s BITB experienced a minor outflow of $597k, which barely dented the bullish flow. Total trading volume hit $2.63 billion, and net assets surged to $132.83 billion. Crypto ETF Surge: Bitcoin and Ether Funds Attract Over $550 Million As Inflows Continue Ether ETFs 17-Day Inflow Run. Source: Sosovalue Meanwhile, ether ETFs extended their unstoppable streak to 17 consecutive days of inflows, this time pulling in a hefty $124.93 million, one of their largest daily haul in weeks. Blackrock’s ETHA led with $80.59 million, while Fidelity’s FETH attracted $26.32 million. Grayscale’s Ether Mini Trust and Bitwise’s ETHW contributed $9.67 million and $8.35 million, respectively. Total ether ETF trading volume soared to an impressive $849.04 million, with total net assets finally breaking past the $10 billion threshold, closing the day at $10.65 billion. With rising inflows and investor confidence building, the crypto ETF market is sending clear signals of sustained institutional interest.
  • Crypto ETF Surge: Bitcoin and Ether Funds Attract Over $550 Million as Inflows Continue Bitcoin ETFs recorded another impressive inflow of $431 million, solidifying their recovery streak, while ether exchange-traded funds (ETFs) celebrated their 17th consecutive day of gains with a fresh $124.93 million inflow, pushing total net assets beyond the $10 billion milestone. Bitcoin ETFs Post Second Day of Strong Gains As Ether ETFs Mark 17 Days of Inflows and Break $10 Billion Barrier The crypto ETF market lit up green again on Tuesday, June 10, as bitcoin and ether funds kept their upward momentum alive. Investors continued piling into bitcoin ETFs with a $431.12 million net inflow, marking the 2nd straight day of robust fund entries. Leading the charge was Blackrock’s IBIT, soaking up $336.74 million, followed by Fidelity’s FBTC with $67.07 million and Ark 21shares’ ARKB adding $20.25 million. Even Invesco’s BTCO saw a decent $7.65 million inflow. Only Bitwise’s BITB experienced a minor outflow of $597k, which barely dented the bullish flow. Total trading volume hit $2.63 billion, and net assets surged to $132.83 billion. Crypto ETF Surge: Bitcoin and Ether Funds Attract Over $550 Million As Inflows Continue Ether ETFs 17-Day Inflow Run. Source: Sosovalue Meanwhile, ether ETFs extended their unstoppable streak to 17 consecutive days of inflows, this time pulling in a hefty $124.93 million, one of their largest daily haul in weeks. Blackrock’s ETHA led with $80.59 million, while Fidelity’s FETH attracted $26.32 million. Grayscale’s Ether Mini Trust and Bitwise’s ETHW contributed $9.67 million and $8.35 million, respectively. Total ether ETF trading volume soared to an impressive $849.04 million, with total net assets finally breaking past the $10 billion threshold, closing the day at $10.65 billion. With rising inflows and investor confidence building, the crypto ETF market is sending clear signals of sustained institutional interest.
  • NEW: Tiger Royalties invested £250,000 in Standard Strategies, backing its portfolio of Bitcoin treasury companies including Strategy and Metaplanet.
  • Bitcoin Price Watch: Range-Bound Action Hints at Imminent Move Jamie Redman Bitcoin Price Watch: Range-Bound Action Hints at Imminent Move The price of bitcoin hovered at $105,384 on June 8, 2025, with a market capitalization of $2.09 trillion and a 24-hour trading volume of $15.81 billion. Throughout the session, it moved within a tight intraday range of $105,112 to $105,891, indicating relative short-term stability amid a broader consolidation. Bitcoin The 1-hour chart analysis reveals a consolidation phase for bitcoin between $105,000 and $106,000, suggesting indecision in the immediate market direction. The last peak at $106,000 created a rounded top pattern, hinting at weakening bullish momentum. With support forming at $104,500, a breakout above $106,000 backed by strong bullish volume could ignite a fresh upward leg. Conversely, a price dip to the $104,800 level accompanied by decreasing sell volume might serve as a scalp buy opportunity. An appropriate exit for short-term positions lies near $106,500–$107,000, with stop-loss placements advised below $104,500 to mitigate downside risk. Bitcoin Price Watch: Range-Bound Action Hints at Imminent Move BTC/USD 1-hour chart on June 8, 2025. On the 4-hour chart, bitcoin illustrated a V-shaped recovery after dipping to $100,426, with a series of higher highs and higher lows manifesting since June 6. Despite this bullish structure, resistance at $106,800 has formed, and recent candlestick patterns signal market hesitation near that level. A confirmed breakout above this resistance could validate a long entry, whereas rejection may lead to a pullback toward the $102,500–$103,000 zone. Traders eyeing this time frame should consider entries around $104,500–$105,000 and stagger exits between $107,000–$108,000, maintaining vigilance for false breakouts amid declining volume. Bitcoin Price Watch: Range-Bound Action Hints at Imminent Move BTC/USD 4-hour chart on June 8, 2025. Daily BTC/USD chart data supports a bullish macro trend from late May into early June, peaking at $112,000 before experiencing a corrective retracement. The pullback found stability within the $100,000–$102,000 support zone, which has been tested multiple times. The price is now consolidating near $106,000–$108,000, suggesting a period of accumulation. For swing traders, a return to the $104,000–$105,000 range—especially with a long lower wick or a volume spike—may present a high-probability entry point. Profitable exits could be targeted at $108,000–$110,000, with stops recommended just below $102,000. Bitcoin Price Watch: Range-Bound Action Hints at Imminent Move BTC/USD daily chart on June 8, 2025. Oscillator readings provide mixed signals, with most indicators aligning in neutral territory. The relative strength index (RSI) at 53, Stochastic at 46, and commodity channel index (CCI) at −39 all reflect an indecisive market stance. The average directional index (ADX) at 20 reinforces this by suggesting a weak trend. Meanwhile, the Awesome oscillator and moving average convergence divergence (MACD) also lean neutral to bearish, with MACD indicating a negative bias. The momentum indicator, however, suggests positivity, signaling a potential upward thrust if supported by broader market sentiment. Moving averages lend weight to the medium-to-long-term bullish outlook. Both the exponential moving average (EMA) and simple moving average (SMA) across 10, 20, 30, 50, 100, and 200-periods largely show buy signals. Notably, the 10-period EMA and SMA, standing at $105,142 and $104,756 respectively, support the current price, bolstering short-term bullishness. The 20-period EMA also confirms this with a value of $105,048, although the 20 and 30-period SMAs flash sell signals at $106,593 and $105,795. Longer-term averages—including the 100 and 200-period EMAs and SMAs—all favor buying, underlining structural strength beneath the price. Bull Verdict: Bitcoin remains structurally sound above critical support zones, with the majority of medium-to-long-term moving averages favoring further gains. A break above $106,800 with sustained volume would confirm bullish continuation, targeting $108,000 and beyond. Accumulation on dips to $104,500–$105,000 appears tactically favorable under current conditions. Bear Verdict: Despite its recent recovery, bitcoin faces mounting resistance near $106,800 and exhibits waning momentum on lower timeframes. Oscillators largely signal market indecision, and volume trends suggest a risk of false breakouts. Should support at $104,500 fail, a deeper pullback toward $102,000 or below remains a plausible scenario.
  • If It Keeps the Pace, Blackrock’s IBIT Is on Track to Seize 1 Million BTC by Early 2026 Based on current data, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) collectively manage over 1.2 million BTC. Yet, two in particular—Blackrock’s IBIT and Fidelity’s FBTC—command a striking majority, accounting for more than 71% of that aggregate. Wall Street’s Bitcoin Giants: IBIT, FBTC, MSTR Tighten Grip on Bitcoin’s Scarce Supply Blackrock’s IBIT debuted on Wall Street on Jan. 11, 2024—exactly 1 year, 4 months, and 26 days ago. As of data collected on June 5, 2025, the firm’s Ishares Bitcoin Trust ETF controls roughly 662,707.41 BTC, translating to $69.2 billion in value. This single ETF alone accounts for 55.23% of the 1.2 million BTC managed by the 12 publicly traded bitcoin funds. If It Keeps the Pace, Blackrock’s IBIT Is on Track to Seize 1 Million BTC by Early 2026 Blackrock’s cache of BTC is a staggering 662,707.41 BTC as of June 5. This reserve quote should lower following IBIT’s $130.49 million in outflows on Friday, June 6, 2025. IBIT’s holdings comprise 3.16% of bitcoin’s 21 million fixed supply and 3.34% of the 19,875,085.22 BTC in circulation at the time of publication. No other crypto exchange-traded product (ETP) has achieved this scale of accumulation this fast. Although IBIT and its peers trade five days a week, observing holidays and pauses, if IBIT had been acquiring BTC every calendar day since Jan. 11, 2024, its daily haul would be approximately 1,296.88 BTC over that stretch. If this cadence continues, Blackrock’s ETF is projected to reach 1 million BTC by Feb. 21, 2026—just 260 days from now—representing 4.76% of bitcoin’s hard cap. Fidelity’s FBTC, by contrast, has taken a more tempered route. Over the same 1 year, 4 months, and 26 days, it has gathered 196,264.34 BTC, currently worth just over $20 billion at prevailing rates. Applying identical calculations, FBTC has averaged 389.34 BTC per day since Jan. 11, 2024. While FBTC holds the distinction of being the second-largest U.S. bitcoin ETF, its trajectory has been far more measured than IBIT’s accumulation. Should it maintain this current rhythm, FBTC would hit the 500,000 BTC milestone by around July 18, 2027. Consider Strategy (formerly Microstrategy), which initiated its bitcoin (BTC) acquisitions on Aug. 11, 2020. Averaged out, this translates to a daily accumulation rate of 330.09 BTC. If that same trajectory holds steady, Strategy will not cross the 1 million BTC threshold until Oct. 27, 2028. The accelerating competition among major financial institutions for bitcoin dominance hints at a deeper strategic shift unfolding beneath the surface. With accumulation timelines now plotted years into the future, these ETFs are not merely chasing assets—they’re staking claims in a digital monetary order. What began as a race for returns may well evolve into a contest over monetary influence itself.
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