The cryptocurrency market has witnessed a significant development with the approval of Bitcoin (BTC) exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC). Larry Fink, the CEO of BlackRock and a seasoned veteran in the financial industry, has made noteworthy statements regarding BTC and expressed interest in an Ethereum (ETH) spot ETF.In a […]
Wall Street veteran Anthony Scaramucci has expressed confidence that Bitcoin will surpass its all-time high price of $69,000, which it reached in November 2021. This prediction comes after the approval of the Bitcoin spot ETF by the SEC, which Scaramucci believes will lead to an influx of institutional investment into Bitcoin, pushing its value to […]
Elon Musk, a prominent supporter of Dogecoin (DOGE), has revealed that he still holds a significant amount of the cryptocurrency. His past tweets have been known to influence the value of Dogecoin, at times making it the most popular crypto token in the US, surpassing Bitcoin. Despite this, his recent statement did not significantly affect […]
Despite the United States approving 11 spot bitcoin exchange-traded funds (ETFs) earlier this week, South Korea has reiterated its ban on crypto ETFs. The country’s financial institutions are prohibited from owning or buying crypto and investing in businesses offering crypto. The Financial Services Commission (FSC) of South Korea continues to restrict financial institutions from launching […]
CoinShares, a leading European crypto asset manager, has made a significant stride into the U.S. market by acquiring the exchange-traded fund (ETF) unit of Valkyrie Investments, a Nashville-based company. This strategic move follows the recent approval of spot bitcoin ETFs by the Securities and Exchange Commission (SEC), including Valkyrie’s Bitcoin Fund (BRRR), which debuted on […]
Ethereum (ETH) is currently at a crucial point, with a potential bullish breakout predicted by esteemed crypto analyst Michaël van de Poppe. In a recent tweet, van de Poppe shared his insights, suggesting that Ethereum was nearing its 2022 low and was likely to gather liquidity at this point.He speculated that if a spot ETF […]
Ethereum (ETH) has seen a significant increase of 11.4%, with whales in the crypto ecosystem playing a major role in this surge. Data from the crypto analytics platform Lookonchain reveals that a whale with the wallet address “0xAA15” withdrew 5,762 ETH, equivalent to approximately $15.06 million, from Binance. This whale has purchased a total of […]
In a significant move, Grayscale has transferred $200 million worth of Bitcoin to Coinbase Prime. This action has sparked speculation about potential ETF redemption activity. The transfer comes as Bitcoin ETFs witness an inflow of $720 million.The adjustment of Grayscale’s holdings via the Coinbase transfer has been a notable event in the cryptocurrency market. This […]
Cryptocurrency firm Genesis Global Trading has reached a settlement with the New York Department of Financial Services (NYDFS), resulting in the company relinquishing its operational rights in the state.As per an announcement made on January 12, Genesis has agreed to pay a hefty fine of $8 million to the NYDFS. In addition to this, the […]
Following the recent approval of several spot Bitcoin ETFs, there has been growing speculation about the future of other crypto ETFs, including Ripple. However, according to Bloomberg’s ETF analyst James Seyffart, it is unlikely that a spot Ripple exchange-traded fund (ETF) will be launched this year.In an interview with Thinking Crypto, Seyffart shared his perspective […]
