A potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States is raising concerns among analysts about the impact it could have on the original vision of Bitcoin. Josef Tetek, a Bitcoin analyst at Trezor, argues that a spot Bitcoin ETF conflicts with the idea of self-custody, which is a fundamental principle […]
The United States Securities and Exchange Commission (SEC) has set a deadline of December 29, 2023, for final changes to be made to spot Bitcoin exchange-traded fund (ETF) filings. Several firms, including Grayscale, BlackRock, and Ark Invest, have applied for a spot in a Bitcoin ETF and are hopeful for approval in 2024. The SEC […]
A new startup called Quantarea has recently launched in Stettlen, Switzerland, with the aim of offering “Quant as a Service” to the country’s financial industry. The company, founded last summer, is based in the former paper and cardboard factory in Bernapark. Led by a team of experienced individuals from the Swiss finance scene, including former […]
Andréa Maechler, former director of the Swiss National Bank (SNB), surprised the financial world when she resigned in June and took on a new role as Deputy General Manager at the Bank for International Settlements (BIS) in Basel in September 2023. Maechler had been a member of the SNB Directorate since 2015, leading the III. […]
Grayscale, a crypto asset manager, has made amendments to its ETF strategy in order to comply with the cash-only redemption demands of the United States Securities and Exchange Commission (SEC). The revised filing excludes airdrops and forks, and instead focuses on facilitating fund creation and redemption using cash. This move aligns with the SEC’s preference […]
Over the past two years, Elizabeth Stark and her team at Lightning Labs have made significant strides in growing the Lightning Network. They have achieved a remarkable 1,200% increase in routed transactions, demonstrating the effectiveness of their layer-2 scaling solution for Bitcoin.One of the key developments in the Lightning Network is the implementation of an […]
The Legislative Assembly of El Salvador has passed a migration law that allows foreigners to obtain expedited citizenship by making Bitcoin donations to government programs. The law, which emphasizes support for the country’s development initiatives, is expected to take effect soon.The reform, supported by the New Ideas party led by Nayib Bukele, was approved on […]
BlackRock, the world’s largest asset management firm, has made an amendment to its Bitcoin ETF application, appointing a third-party broker known as a ‘Prime Execution Agent’ to handle the buying and selling of Bitcoin on behalf of the fund. However, this move has raised concerns with the Securities and Exchange Commission (SEC), as the role […]
The interest rates for mortgages have significantly decreased, but many people seem to be unaware of this change. Financial experts have noticed that it can be challenging for individuals to stay informed about the current mortgage market. Earlier this year, homeowners were concerned about high inflation and rising interest rates, which affected the demand for […]
The US Securities and Exchange Commission (SEC) has set a December 29 deadline for Bitcoin spot ETF applicants to submit final S-1 amendments, indicating a potential move forward in the approval process. The SEC recently held meetings with representatives from seven firms seeking to launch spot Bitcoin ETFs in the coming year, including BlackRock, Grayscale […]
