The European Central Bank (ECB) has adopted a cautious stance towards Bitcoin, with ECB Executive Director Isabel Schnabel stating unequivocally that the bank has no intention of purchasing the cryptocurrency. Schnabel, speaking through the ECB X account, described Bitcoin as a speculative asset that does not meet the criteria of money.This statement was made in […]
In a significant development, PayPal, the renowned payment processor, has taken a step forward in promoting decentralized finance (DeFi) protocols by incentivizing PYUSD liquidity on Curve Finance, the world’s largest stablecoin decentralized exchange (DEX) by trading volume. This move, first reported by Stake DAO on January 10, has created a stir in the crypto community, […]
El Salvador is witnessing substantial profits from its Bitcoin investment due to the recent surge in the cryptocurrency’s value. The Central American nation, which took the bold step of adopting Bitcoin as a legal tender, has seen its strategic Bitcoin investments translate into multi-million dollar gains.Over the past few years, El Salvador, one of the […]
In a significant shift in cryptocurrency trading, the Securities and Exchange Commission (SEC) has approved the trading and listing of shares of spot Bitcoin exchange-traded products (ETPs). The SEC chairman, Gary Gensler, emphasized the Commission’s neutrality in this decision, which is based on the assessment of consistency with the Exchange Act and applicable regulations. However, […]
Georgia’s Representative, Mike Collins, has made significant investments in the popular cryptocurrency, Ethereum. Recent financial report documents submitted to the U.S. House of Representatives reveal that Collins made two Ethereum purchases in early 2024, totaling up to $65,000. This follows his previous declaration of an investment of up to $45,000 in Ether during 2023.As part […]
Spot Bitcoin BTC is currently valued at $47,435. According to James Seyffart, a Bloomberg ETF analyst, exchange-traded funds (ETFs) are set to begin trading on Jan. 11, following the SEC’s approval of 11 spot Bitcoin ETFs. Seyffart has indicated that several S-1 prospectuses are “going effective,” which means that spot Bitcoin ETFs could start trading […]
Recent on-chain data has revealed that XRP Whales have moved a significant portion of their holdings in the last 24 hours, causing speculation within the XRP community. Over 63 million XRP tokens have been moved in two significant transactions. The first transaction involved a transfer of 26,400,000 XRP from an unknown wallet to the crypto […]
Celsius, the once prominent crypto staking, lending, and exchange platform, has taken a bold stance against former clients who withdrew their funds before the company could freeze them. The company, which has now shifted its focus to Bitcoin mining following the approval of its bankruptcy plan, was the first major player in the crypto industry […]
Good day to all! The financial world is abuzz with the news that Spot Bitcoin ETFs have received approval from the SEC. This is a developing story, and we will be providing live updates over the coming hours.The news was announced in a rather haphazard manner. The approval document made a brief appearance on the […]
United States Securities and Exchange Commission (SEC) Chair, Gary Gensler, has made it clear that despite the recent approval of 11 spot Bitcoin exchange-traded funds (ETFs), his agency does not endorse Bitcoin. This statement was made on January 10, shortly after the historic approvals.Gensler emphasized the SEC’s skeptical view of the cryptocurrency, highlighting Bitcoin’s “speculative” […]
