Bitcoin ETFs, backed by actual bitcoin, made their debut on US exchanges on Thursday, following over a decade of attempts. However, this development has had little impact on bitcoin’s price. After the ETFs went live, bitcoin briefly approached $49,000 but has since lost about $3,000, marking a 6% retracement.This is slightly below the level it […]
Stablecoin firm Circle has confidentially filed for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC). This marks a significant shift for the company, which is making another attempt to go public after terminating a prior deal a year ago. The company announced its move through a press statement, revealing that […]
Senator Elizabeth Warren, a member of the Senate Banking Committee, has publicly criticized the Securities and Exchange Commission (SEC) for its recent approval of 11 spot Bitcoin exchange-traded funds (ETFs). Warren argues that the SEC’s decision is flawed both legally and policy-wise, and she emphasizes the urgent need for basic anti-money laundering (AML) rules in […]
Crypto expert Anthony Sassano has offered a bullish outlook for the Ethereum ecosystem, predicting that Ethereum could reach a new all-time high this year. Sassano specifically suggested that Ethereum could rise to as high as $10,000 this year, particularly if the hype around Ethereum Spot ETFs gets “ahead of itself”.These ETFs are expected to be […]
The United States House of Representatives Financial Services Committee (FSC) has initiated a working group on artificial intelligence (AI) to delve into the impact of AI on the financial services and housing sectors. The announcement was made by the House Financial Services Committee Chairman, Patrick McHenry, and Ranking Member Maxine Waters on Jan. 11, 2024.The […]
ARK Invest CEO Cathie Wood has recently updated her Bitcoin price predictions, presenting a bullish scenario of $1.5 million, a significant increase from her previous estimate of $1 million. This optimistic forecast comes following the approval of spot Bitcoin Exchange-Traded Funds (ETFs) by the Securities and Exchange Commission (SEC) in the United States.ARK Invest, one […]
Binance, the world’s largest cryptocurrency exchange, has expanded its margin trading offerings with the addition of six new trading pairs. The pairs include SOL/USDC, ARB/FDUSD, and DOCK/USDT as cross-margin pairs, and SOL/USDC, ARB/FDUSD, and OP/FDUSD as isolated margin pairs. Margin trading allows users to leverage loaned funds for trades, providing greater flexibility and diversification in […]
In the world of digital assets, a series of groups have co-opted the revolution, turning the industry into a minefield for both new and experienced market players. These groups range from BitMEX to Binance, Bitcoin.com, Blockstream, ShapeShift, Coinbase, Ripple, Ethereum, FTX, and Tether.Grayscale, however, has managed to stay afloat amidst the chaos. Despite its high […]
BlackRock CEO Larry Fink recently expressed his belief in the value of a spot Ethereum (ETH) ETF (Exchange Traded Fund) during an interview with CNBC. This comes after the US SEC (Securities and Exchange Commission) approved 11 spot Bitcoin (BTC) ETFs, a development that has been eagerly anticipated by US investors interested in the cryptocurrency […]
BlackRock CEO Larry Fink has shown interest in a spot Ethereum ETF following the US SEC’s approval of 11 spot Bitcoin ETFs. Major firms such as BlackRock, VanEck, and Grayscale have applied for a spot ETH ETF, indicating a strong interest from US investors in cryptocurrency-based ETFs.The SEC has set final decision deadlines for the […]
