Standard Chartered: Bitcoin Market is Improving
Standard Chartered Bank has revised its short-term prediction for Bitcoin, anticipating a bounce back from a recent low of $56,500.
Standard Chartered Bank has revised its short-term prediction for Bitcoin, anticipating a bounce back from a recent low of $56,500.
After just one week, Hong Kong’s spot Bitcoin ETFs have collected $230 million in assets under management (AUM).
Yesterday in the morning, a Bitcoin wallet that had been inactive for over a decade made a transfer, moved its entire balance of 687.33 BTC, worth more than $44 million.
On Friday, the US Department of Justice announced that Alexander Vinnik, one of the operators of the former BTC-e crypto exchange, had pleaded guilty to conspiring to commit money laundering.
The Securities and Exchange Commission in the United States has extended its review timeline for NYSE Arca’s application to list a carbon-neutral spot Bitcoin exchange-traded fund (ETF) offered by 7RCC.
Coinbase has followed the lead of other major exchanges and announced that it will now support the Lightning Network.
On May 1, the outflow from Bitcoin ETFs on the market reached its highest level since the products were approved, amounting to $563.8 million.

"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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