Bitcoin Rallies on Hopes of Renewed Interest Among Mainstream Investors

Bitcoin Rallies on Hopes of Renewed Interest Among Mainstream Investors

On March 4, the price of Bitcoin broke $65,000, bringing it closer to returning to an all-time high reached in November 2021. NBC reports that the latest rally has been driven by hopes that the launch of bitcoin exchange-traded funds will expand bitcoin's pool of buyers.

March 5, 2024 3

Business / Economics

Latest Developments in Business and Finance – The Morning Update

NamWater's Ambitious Desalination and Power Plant Project Advances: Namibia Water Corporation Ltd (NamWater) has successfully concluded the Environmental and Social Impact Assessment (ESIA) for its expansive desalination and power plant initiative along the central coast. With an estimated investment of N$4.2 billion, the project aims to address critical water and power needs. The final ESIA report has been prepared following a thorough public review process from September 22 to October […]

January 15, 2024 5

World

Major boost for Bitcoin after SEC ETF approval

The United States Securities and Exchange Commission, or SEC, has approved the first-ever bitcoin exchange-traded funds to come out of the US, a watershed moment for the world's largest cryptocurrency. The agency gave the green light to sponsors of 10 ETFs — including BlackRock, Invesco and Fidelity — that'll track bitcoin prices. Most of the products have already begun trading on Thursday. Benji Hyer explains.

January 12, 2024 9