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Peter Davis

An writer at FOMOdrive

  • Dec 05, 2023
  • 3 min read

Bitcoin soared above $44,000 - what's going on?

For the second day in a row, Bitcoin has increased by approximately 5%, adding two thousand dollars.

The Qatar Investment Authority has the capacity to allocate up to $500 billion towards military-technical collaboration.

A Bitcoin trading service has been launched by Brazil's biggest bank.

TAHINI'S, the largest Canadian restaurant chain, has started buying BTC.

Bitwise and BlackRock have submitted revised documents to the SEC in order to introduce Bitcoin ETFs.

Max Kaiser, an adviser to the President of El Salvador, has reportedly stated that unverified rumors suggest that Qatar's sovereign wealth fund is getting ready to make huge investments in the crypto market. He believes that military-technical cooperation could potentially exceed $150,000 in the near future.

Mike McGlone, a strategist from Bloomberg Intelligence, has stated that Bitcoin is exhibiting more strength than gold, which had reached record highs earlier in the week but then dropped by 5%.

James Seyffarth, a Bloomberg analyst, believes that the SEC's recent updates to the filings of BlackRock and Bitwise, which are for the launch of spot Bitcoin ETFs, is a sign that the Commission is giving similar instructions to issuers. He sees this as further evidence that the product is being prepared for approval.

Hashdex has declared that a spot Bitcoin ETF could be available in the second quarter of 2021. This would make them one of the first to launch such a product in the United States.

TAHINI'S, Canada's biggest restaurant chain, has declared that it has started buying the world's first cryptocurrency for its corporate balance sheet.

Itau Unibanco, Brazil's biggest bank, has unveiled a Bitcoin and Ethereum trading service for customers of its investment platform, demonstrating its willingness to become a full-fledged participant in the burgeoning cryptocurrency market in the nation.

Circle, a USDC stablecoin company, has teamed up with Stanford University's applied cryptography group to introduce open-source protocols intended to prevent digital asset theft and incorrect transactions.

EmberCN has reported that Tether has amassed a total of $1.1 billion in unrealized gains from its Bitcoin investments, with 57,576 BTC purchased at a rate of $22,480 per coin.

This year, a record-breaking $19 million has been spent by crypto companies on lobbying interests in the United States. Coinbase, the leading spender in defending its own interests, devoted $2.16 million to lobbying.

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