Ripple, the firm behind the renowned cryptocurrency XRP, has announced plans to repurchase shares from its early investors. The company intends to carry out a $285 million share buyback, as reported by Reuters on Wednesday.Despite the challenges posed by the SEC lawsuit, Ripple has managed to grow, with 95% of its customers being non-US financial […]
The ProShares Bitcoin Strategy ETF (BITO) has surpassed the $2 billion mark, driven by the anticipation surrounding the potential approval of the spot ETF. Interestingly, the spot ETF could pose a significant threat to BITO. Despite the buzz around the spot ETF, ProShares asserts that its futures ETF has been experiencing rapid growth even before […]
In anticipation of the Beacon Chain Fusion, holders of key BEP2/BEP8 tokens, including Binance Coin (BNB) and Bitcoin (BTC), are encouraged to transfer their assets to the BSC network. This move is strongly advised to ensure a seamless, lossless transition, preserving a 1:1 asset ratio. For those who did not transfer their assets to the […]
The anticipation of a potential approval for a spot-based Bitcoin Exchange-Traded Fund (ETF) by the U.S. Securities and Exchange Commission (SEC) has led to a significant increase in Bitcoin futures open interest on the Chicago Mercantile Exchange (CME). However, K33 Research warns that this enthusiasm may be short-lived as the approval could trigger a downturn […]
Bitcoin’s price experienced a wild ride this week, skyrocketing to nearly $48,000 due to a false announcement of a Bitcoin ETF approval before plummeting once again. This event highlights the high anticipation for the potential approval of spot Bitcoin ETFs in the US, a decision that is expected in the upcoming days.While some view this […]
The decision on the spot Bitcoin Exchange-Traded Fund (ETF) is anticipated today, with predictions of a significant market impact. Several crypto experts foresee billions of dollars of inflows into the market following the approval. Standard Chartered Bank predicts a capital inflow between $50 billion to $100 billion in 2024.Post-approval, it is estimated that between 437,000 […]
Crypto analyst Ali Martinez has made a long-term price prediction for Cardano (ADA), suggesting a significant increase, albeit after some potential short-term decline. The price of ADA has recently been on a downward trend, falling by 4.2% in the past 24 hours and 16.7% over a larger timeframe. Despite a brief bullish period yesterday, most […]
Renowned investor and author of the bestseller “Rich Dad Poor Dad,” Robert Kiyosaki, has predicted a significant surge in Bitcoin’s value, potentially reaching an all-time high of $150,000. This forecast is primarily based on the potential approval of a spot Bitcoin ETF in the United States, which Kiyosaki believes could be a game-changer.The introduction of […]
Expectations are high among U.S. asset managers that the securities regulator will permit spot bitcoin exchange-traded funds (ETFs) to trade. This comes despite a recent fake post on the agency’s social media account that caused confusion by prematurely announcing its approval. BlackRock is reportedly planning to reduce fees on its spot Bitcoin ETF from 0.30% […]
As the January deadline approaches, a stern warning has been issued to crypto investors in the UK. The warning pertains to the penalties associated with the late submission of tax returns. The UK government has made it clear that any delay in the submission of the assessment can lead to a fixed penalty.This penalty is […]
