Cryptoverse: Asian traders give bitcoin blast-off
By Jihoon Lee and Jaspreet Kalra SEOUL/MUMBAI (Reuters) - Bitcoin's runaway rally is being driven by investors in Asia. Traders in South Korea, China and other Asian countries are responsible for roughly 70% of bitcoin trading volumes, much like they were
US EIA could request bitcoin power use survey under longer timeline
By Laila Kearney NEW YORK (Reuters) - The U.S. Department of Energy's statistical arm may seek a new survey of bitcoin mining electricity use, which will include a longer approval process, after cancelling its emergency data request following a lawsuit brought
Bitcoin set for biggest monthly jump since 2020 amid ETF boost
By Tom Westbrook and Harry Robertson SINGAPORE/LONDON (Reuters) - Bitcoin was on track for its biggest monthly gain in more than three years on Thursday and within sight of a record high, propelled by cash rushing into exchange-traded funds. The approval and
Bitcoin hits $50k level for first time in more than two years
By Hannah Lang and Elizabeth Howcroft WASHINGTON/LONDON (Reuters) - Bitcoin hit the $50,000 level for the first time in more than two years as the world's largest cryptocurrency was buoyed by expectations of interest rate cuts later this year and last
Regulatory nod for US spot bitcoin ETF options may take months
By Suzanne McGee and Hannah Lang (Reuters) - Options on new U.S. spot bitcoin exchange-traded funds (ETFs) could take months to gain regulatory approval, potentially dampening the appeal of the underlying products, multiple industry sources said. The Securities and Exchange Commission (SEC)
Bruised by stock market, Chinese rush into banned bitcoin
By Vidya Ranganathan and Summer Zhen Bitcoin: SHANGHAI/HONG KONG (Reuters) - Dylan Run, a Shanghai-based finance sector executive, started moving a bit of his money into cryptocurrencies in early 2023, when he realized that the Chinese economy and its stock markets
Cryptoverse: Will bitcoin behave better on Wall Street?
By Lisa Pauline Mattackal and Medha Singh (Reuters) - Bitcoin celebrated its 15th birthday this month by bursting onto Wall Street with an ebullient bang. Now the adolescent asset may have to grow up fast. Investors have embraced 11 U.S. exchange traded
Spot bitcoin ETFs to start trading in big boost to crypto industry
By Manya Saini and Niket Nishant (Reuters) - Several exchange-traded funds (ETFs) tied to the spot price of bitcoin will start trading in the U.S. on Thursday before the bell in a landmark moment for the cryptocurrency industry that has been
Analysis: Spot bitcoin ETFs may face uphill battle to widen token’s appeal
By Suzanne McGee (Reuters) - Crypto enthusiasts hailed the approval of U.S. bitcoin exchange-traded funds as the birth of a new asset class, but broadening acceptance of the famously turbulent cryptocurrency beyond its true believers could prove challenging. A decade in the