Financial expert and author Linda P. Jones recently discussed the future of Ripple’s XRP, urging investors to be patient due to upcoming events that could significantly impact the asset’s value. Despite its recent lackluster performance, Jones believes that several factors could fuel a rally for XRP in the near future.The outcome of the ongoing Ripple […]
As the Securities and Exchange Commission (SEC) is on the brink of approving a Bitcoin spot ETF, its chair, Gary Gensler, has issued a warning to cryptocurrency investors. His statements, made on January 8th, have sparked intense discussions within the crypto community about the likelihood of the SEC approving a Bitcoin spot ETF on January […]
Bitcoin Exchange Traded Funds (ETFs) could potentially trade at an 8% premium to spot, with in-kind redemptions still a possibility in the future, according to a recent interview with Reggie Browne from GTS on Bloomberg ETF IQ. Browne, who is part of the trading and liquidity services provider, discussed the potential approval of a spot […]
While the current focus in the crypto market is on spot Bitcoin exchange-traded funds (ETFs), Ethereum, the world’s second-largest digital asset, could soon take the spotlight if Bitcoin funds are approved. The total capitalization of the crypto markets has surged to a 21-month high of $1.8 trillion, driven by the hype around spot Bitcoin ETFs. […]
South Korean crypto exchange, Upbit, has secured a Major Payment Institution (MPI) license for its Singapore branch, Upbit Singapore, from the Monetary Authority of Singapore (MAS). The announcement was made on January 8. With this license, Upbit Singapore joins the ranks of 15 other institutions, including Ripple, Blockchain.com, Paxos, Coinbase, and Revolut, that hold MPI […]
The United States Commodity Futures Trading Commission (CFTC) has published a comprehensive report outlining the challenges decentralized finance (DeFi) is currently facing. The report underscores the urgent need for increased accountability and clear delineation of responsibilities within the broader DeFi sector.The report was prepared by the CFTC’s Digital Assets and Blockchain Technology subcommittee, under the […]
Reggie Browne, Co-Global Head of ETF Trading and Sales at GTS, recently shared his predictions on the potential trading dynamics of spot Bitcoin exchange-traded funds (ETFs) in an interview with Bloomberg. Browne anticipates these ETFs to trade at a significant premium, possibly as high as 8% above their net asset value (NAV).Browne believes that the […]
In a surprising turn of events, UBS is set to continue its job cuts at Credit Suisse in 2024, with a reported 35,000 people being cut from the combined workforces. By the third quarter of 2023, only 13,000 of these cuts had been made. The integration process, which is expected to continue until 2026, aims […]
Standard Chartered, a multinational banking firm, has projected a potential surge in Bitcoin’s value to nearly $200,000 by late 2025. This prediction is based on the anticipated success of Bitcoin exchange-traded funds (ETFs) in the US. The bank’s Head of Digital Assets, Geoff Kendrick, and Precious Metals Analyst Suki Cooper believe that US-listed spot Bitcoin […]
Financial giants BlackRock, VanEck, and Pantera Capital have made significant investments in Bitcoin ETFs, indicating a strong institutional confidence in the cryptocurrency market. These strategic investments could play a crucial role in shaping Bitcoin’s market trajectory and potentially influence its valuation in the near future.BlackRock has invested an impressive $2 billion, VanEck has committed $72.5 […]
