Ronnie's Blog

The price of the flagship cryptocurrency Bitcoin has recently moved to a new all-time high near $72,000 after surging more than 70% year-to-date, in a rise that helped its total market capitalization surpass that of silver. According to data from CompaniesMarketCap, first spotted by Casa CTO and co-founder Jameson Lopp, at the time Bitcoin surpass silver its total market capitalization was $.1389 trillion, surpassing silver’s $1.382 trillion. Bitcoin’s market capitalization has since grown to now stand at $1.413 trillion. At the time of writing, Bitcoin is around $250 billion away form surpassing the total market capitalization of tech giant Alphabet, the company behind the world’s largest search engine Google, as well as the world’s largest video-sharing platform YouTube. The cryptocurrency’s total market capitalization is still far behind that of the world’s largest company by the metric, Microsoft, which currently has a total market capitalization of $3.018 trillion, and far behind ...

The U.S. Securities and Exchange Commission (SEC) has approved 11 spot bitcoin exchange traded funds (ETFs), including those from largen money-manager such as BlackRock, Fidelity and Invesco. according to a statement on Wednesday (10-Jan). Full list of approved ETFs  Grayscale Bitcoin Trust Bitwise Bitcoin ETF Hashdex Bitcoin ETF iShares Bitcoin Trust Valkyrie Bitcoin Fund ARK 21Shares Bitcoin ETF Invesco Galaxy Bitcoin ETF VanEck Bitcoin Trust WisdomTree Bitcoin Fund Fidelity Wise Origin Bitcoin Fund Franklin Bitcoin ETF The approval would be a game-changer for bitcoin, offering institutional and retail investors exposure to the world's largest cryptocurrency without directly holding it, and a major boost for a crypto industry beset by a string of scandals. The official SEC statement at  https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023 About BlackRock BlackRock, founded in 1988 by Laurence D. Fink, has emerged as a global powerhouse in the financial in...

Meanwhile, an intriguing occurrence unfolded when an unidentified individual transferred more than $1 million worth of BTC into Satoshi Nakamoto’s wallet. The individual acquired the assets from Binance and transferred them into Nakamoto’s wallet, sparking curiosity and speculation within the crypto community. This transaction led to varied conjectures, ranging from the potential resurgence of Nakamoto to an unconventional marketing strategy related to the imminent Bitcoin ETF. “Either Satoshi woke up, bought 27 bitcoin from Binance, and deposited into their wallet, or someone just burned a million dollars,” Conor Grogan, a director at Coinbase, said. Background of Bitcoin Bitcoin, the pioneer of cryptocurrency, has emerged as a revolutionary force in the world of finance and technology. Its origins can be traced back to a mysterious figure known as Satoshi Nakamoto, who introduced the concept of a decentralized digital currency in 2008. Since then, Bitcoin has experienced a remarkable...