JPMorgan has expressed skepticism regarding the approval of spot Ethereum ETFs by the Securities and Exchange Commission (SEC) in May. Nikolaos Panigirtzoglou, a representative from JPMorgan, stated that the SEC would need to classify Ethereum as a commodity, similar to Bitcoin, rather than a security for the approval to take place. However, he believes that […]
Bill Morgan, a prominent pro-XRP lawyer, has recently commented on the legal dispute between Ripple Labs and the United States Securities and Exchange Commission (SEC) over XRP’s non-security status. On Thursday, January 11, Morgan used the social media platform X to announce that the battle has concluded.Morgan’s statement was in response to the SEC’s latest […]
Delta Air Lines is facing macroeconomic challenges and labor issues that are impacting its near-term outlook. The Atlanta-based airline recently informed investors that it is now entering a period of optimization after two years of intense restoration. Despite beating expectations in the most recent fourth quarter, Delta has adjusted its full-year earnings per share guidance […]
In a surprising turn of events, two major South Korean financial institutions, Samsung Securities and Mirae Asset Securities, have suspended their brokerage services for specific Bitcoin exchange-traded funds (ETFs). This decision follows a cautionary advisory from the Financial Services Commission (FSC), South Korea’s financial watchdog, which has caused significant disruption in the local cryptocurrency scene.The […]
Jim Cramer, the well-known host of CNBC’s “Mad Money,” has recently sparked discussions in the financial community with his latest views on Bitcoin, signaling a “major top” in the cryptocurrency’s value. His tweet, which discussed insights from trader Larry Williams, marked a departure from his earlier bullish comments on Bitcoin. However, the details of the […]
Shayan, a digital nomad and professional journalist, reports on the recent developments in the cryptocurrency market. The market has seen a rise in the price of Ethereum (ETH) following the Securities and Exchange Commission’s (SEC) approval of a spot Bitcoin ETF. This has led analysts to predict a similar approval for an Ethereum ETF. However, […]
Despite US sanctions, crypto mixer Tornado Cash has continued its operations, reportedly laundering over $500 million worth of crypto in 2023, according to data provided by blockchain security firm SlowMist. The US imposed sanctions on the crypto mixer in 2022, but this did not deter the service from laundering over $550 million in crypto the […]
BlackRock CEO Larry Fink has recognized the potential of an Ethereum ETF in the United States, marking a significant development following the successful launch of their Bitcoin ETF. Fink, in an interview, lauded the successful trading debut of BlackRock’s Bitcoin ETF, IBIT, which garnered an impressive $1.05 billion in trading volume. This feat surpassed the […]
Larry Fink, CEO of BlackRock Inc., the world’s largest asset manager, is making significant strides in the cryptocurrency market. Initially focusing on Bitcoin, Fink is now turning his attention to Ethereum.In a recent appearance on CNBC, Fink discussed BlackRock’s focus on infrastructure, which he described as a “macro trend.” He also addressed the company’s investments […]
Crypto giant Coinbase has unveiled a strategic partnership with Yellow Card, a service for cryptocurrencies in Africa. This move is a significant step in Coinbase’s expansion strategy, aiming to establish a substantial presence in 20 African countries. The primary objective of this alliance is to provide millions of people with access to prominent dollar-pegged crypto […]
