JPMorgan Chase, the largest bank in America, has revealed exposure to spot Bitcoin Exchange-Traded Funds (ETFs) in a newly filed document with the Securities and Exchange Commission (SEC) today. Phoenix Trades The SEC filing by JPMorgan Chase provides specific insights into the bank's exposure to spot Bitcoin ETFs. The bank currently has exposure to spot Bitcoin ETFs issued by some of the largest asset managers in the world: BlackRock, Fidelity, Grayscale, and more. Though, the amount of money allocated to each ETF seems a bit underwhelming, taking into consideration how much money other ..read more

In a recent filing with the Securities and Exchange Commission (SEC), Wells Fargo, one of the largest banks in the United States, disclosed its exposure to spot Bitcoin Exchange-Traded Funds (ETFs).  JUST IN: ?? Wells Fargo bank reveals it has spot #Bitcoin ETF exposure in new SEC filing ? pic.twitter.com/H1iY9puKVb — Bitcoin Magazine (@BitcoinMagazine) May 10, 2024 According to the filing, Wells Fargo holds positions in Grayscale's spot Bitcoin ETF, ProShares Bitcoin Strategy futures ETF, and shares in Bitcoin Depot Inc., marking a notable entry into the Bitcoin market. Spot Bitcoin ETF ..read more

Candy Jets, a premier private jet charter service, has partnered with CoinCorner, a prominent Bitcoin services provider, to accept payments in Bitcoin for their luxury travel services, making them one of the first in the industry to embrace this payment method, according to a press release sent to Bitcoin Magazine. JUST IN: Private jet charter service Candy Jets now accepts #Bitcoin Lightning payments ? pic.twitter.com/hs3hgrmwyG — Bitcoin Magazine (@BitcoinMagazine) May 10, 2024 “Today's announcement marks the start of an exciting new prospect for Candy Jets customers being able to pay ..read more

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Modern Monetary Theory (MMT) is back in the spotlight, driven by a new film Finding the Money and a recent clip that went viral on Bitcoin Twitter and Fintwit. In the clip, Jared Bernstein, Chair of the Council of Economic Advisors to the US President, is seen not being able to describe the most basic concepts of government debt and money printing ..read more

Block CEO Jack Dorsey recently predicted Bitcoin could reach a price of "at least $1 million" by 2030.  Since stepping down from Twitter, now X, Dorsey has become a leading Bitcoin advocate, taking part in various Bitcoin and Nostr-related initiatives. JUST IN: Jack Dorsey predicts at least $1 million #Bitcoin price by 2030 ? pic.twitter.com/uNukkC4goQ — Bitcoin Magazine (@BitcoinMagazine) May 10, 2024 In an recent interview with journalist Mike Solana, Dorsey cited the collaborative Bitcoin ecosystem as a key driver of his bullish 2030 forecast.  He stated that anyone contribu ..read more

Originally published on Unchained.com. Unchained is the official US Collaborative Custody partner of Bitcoin Magazine and an integral sponsor of related content published through Bitcoin Magazine. For more information on services offered, custody products, and the relationship between Unchained and Bitcoin Magazine, please visit our website.  Visit unchained.bitcoinmagazine.com for resources and special offers to upgrade your bitcoin security. Properly taking control of your keys requires taking on some additional responsibility, but it’s an essential part of bitcoin security. But wha ..read more

Originally posted on Medium. In the context of bitcoin, “normie” means something like “don’t know, don’t care.” And “normie” comes from “normal.” In other words, normal people don’t care about bitcoin, at least not enough to use it. Lack of exposure is not the problem. Bitcoin now regularly appears in the headlines of mainstream media, like USAToday, Fox, Forbes, The Economist, Le Monde, you name it. The term bitcoin generates more search traffic than other terms most of us are sick of hearing, like kardashian. Search results for "bitcoin" and "kardashian" But even though virtually every human ..read more

The European Securities and Markets Authority (ESMA), the EU's financial watchdog, is reviewing whether to allow Bitcoin into the region's €12 trillion mutual fund market. JUST IN: ?? EU Securities Authority is exploring adding #Bitcoin and Crypto exposure to the €12T investment market. EU is gearing up ? pic.twitter.com/kVYZrrEFCx — Bitcoin Magazine (@BitcoinMagazine) May 9, 2024 ESMA seeks feedback on expanding eligible assets for Undertakings for Collective Investment in Transferable Securities (UCITS). These mainstream retail investment products comprise over 75% of funds held by EU ..read more

The Executive Office of US President Joe Biden has announced its stance on proposed legislation, H.J. Res. 109, that would allow highly regulated financial firms to act as custodians for Bitcoin and other cryptocurrencies.  JUST IN: ?? US President Joe Biden Administration says Biden would veto legislation that would allow highly regulated financial firms to custody #Bitcoin and crypto. pic.twitter.com/aXx8aq1m0Z — Bitcoin Magazine (@BitcoinMagazine) May 8, 2024 "The Administration strongly opposes passage of H.J. Res. 109, which would disrupt the Securities and Exchange Commis ..read more

Ordinal Derangement Syndrome (ODS) is a real phenomenon. As a neutral observer from Bitcoin Magazine, I aim to address the misconceptions and dismissive attitudes toward Ordinals in the Bitcoin community, revealing the overlooked complexities and potential within what I term 'Ordinal Derangement Syndrome' (ODS). ODS emerges as a significant phenomenon within a segment of the Bitcoin community, characterized by an oversimplification and dismissive attitude toward Ordinals, often cavalier in nature. As an employee of Bitcoin Magazine, who remains neutral toward Ordinals but is tired of the basel ..read more