The Ethereum-Bitcoin ratio has dropped to a historic low, fueling speculation about the approval of an exchange-traded fund (ETF) in the U.S. Data from the Paris-based crypto intelligence platform Kaiko reveals that the ETH/BTC ratio has been on a steady decline since Ethereum transitioned into a proof-of-stake network in September 2022. In the last 24 […]
Pro-XRP legal expert Fred Rispoli has shared his insights on the ongoing legal battle between the Securities and Exchange Commission (SEC) and Ripple. He noted the surprising quietness in the case, especially as the deadline for the completion of damages-related discovery, scheduled for February 12, approaches. Despite the previously hostile nature of the legal battle, […]
The Blockchain Association, a prominent nonprofit organization advocating for the digital asset economy, has responded to US Senator Elizabeth Warren’s criticism of government-related hiring in the cryptocurrency sector. Kristin Smith, the CEO of the Blockchain Association, penned an open letter to Warren on January 9, suggesting a collaborative approach to address issues related to government […]
Thomas DiNapoli, the Comptroller of New York State, has voiced his concerns over the administration of BitLicense at the New York Department of Financial Services (NYDFS). In a January report, DiNapoli only gave a “limited assurance” that the NYDFS is fulfilling its supervisory duties regarding BitLicense, a program that regulates digital currency licensing in the […]
Spot Bitcoin ETFs are expected to receive approval and commence trading on Thursday, according to executives from VanEck and Valkyrie. Jan van Eck, CEO of VanEck, and Steven McClurg, the Chief Investment Officer for Valkyrie, both expressed their anticipation for the launch day on CNBC’s ETF Edge and Fortune respectively.McClurg stated, “We’re just in a […]
All applicants for the proposed spot Bitcoin exchange-traded funds (ETFs) have submitted their final amended S-1 applications to the US Securities and Exchange Commission (SEC). This includes eleven asset management firms such as BlackRock, Grayscale, ArkInvest, Fidelity, Franklin, VanEck, Valkyrie, Bitwise, Hashdex, WisdomTree, and Invesco Galaxy.Valkyrie was one of the first companies to submit its […]
Grayscale’s Bitcoin Trust is currently witnessing a surge in trading activity. This comes as the anticipation for the approval of an Exchange-Traded Fund (ETF) continues to build.The trust’s record trading and narrowing discount are significant indicators of the market’s response to the potential ETF approval. This development is a clear reflection of the growing interest […]
The crypto market is eagerly awaiting the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States. This decision could trigger the next crypto bull market and a wave of crypto adoption. The list of hopeful spot Bitcoin ETF issuers has grown, with their most recent Form S-1 amendments filed on Jan. […]
The U.S. Securities and Exchange Commission (SEC) has yet to approve Bitcoin Spot Exchange-Traded Funds (ETFs). However, it is already clear that providers will competitively price their products. The expected fees have been disclosed by the companies intending to offer these ETFs, even before the SEC’s decision.According to an overview compiled by Reuters, the average […]
Bill Hwang, the founder of the now-defunct financial firm Archegos, has leveled serious allegations against the prosecuting attorney’s office. The accusations revolve around the trading data of the company, which spectacularly collapsed in 2021, causing the major bank Credit Suisse to lose several billion and a lot of trust.The double scandal involving Archegos Capital Management […]
