Bitcoin (CRYPTO: BTC), the world's largest digital currency with a market cap of more than $592 billion, has seen a remarkable rise in popularity and value among financial institutions.
Beleaguered crypto lending platform Celsius, which filed for bankruptcy in July 2022, received the green light to begin liquidating its cryptocurrency holdings in preparation for distribution to its creditors.
The Securities and Exchange Commission (SEC) has deemed recent applications for spot bitcoin exchange-traded funds (ETFs) filed by asset managers as inadequate.