Bitcoin and other major cryptocurrencies such as ethereum, XRP, and solana have seen significant growth in recent months, with the market preparing for a potential $17 trillion shakeup. The bitcoin price has increased nearly 200% over the past year, reaching heights not seen since early 2022. This surge is largely due to Wall Street’s race […]
Bitcoin BTC, currently valued at $46,687, is experiencing turbulence as asset managers rush to file last-minute S-1 updates for their spot Bitcoin exchange-traded funds (ETF). On Jan. 9, Bitcoin’s value briefly dipped 3% on Binance, with the BTC price falling from $47,000 to $45,600 in a span of five minutes, as per data from TradingView. […]
Geoff Kendrick, the Head of FX Research at Standard Chartered, has provided a bullish forecast for Bitcoin, indicating that the approval of Bitcoin spot exchange-traded funds (ETFs) could drive the leading cryptocurrency to new heights. Kendrick’s Monday note expressed confidence that such regulatory approval could trigger a significant surge, with Bitcoin’s value potentially increasing by […]
The Blockchain Association, a leading nonprofit organization advocating for the digital asset economy, has responded to Senator Elizabeth Warren’s concerns about government-related hires in the crypto industry. Kristin Smith, the CEO of the Blockchain Association, penned an open letter to Sen. Warren on January 9, inviting her to work together on issues such as the […]
April 2024 is set to be a critical month for Ripple and its digital currency, XRP, as they face significant legal battles with the SEC and Zakinov. These legal proceedings are expected to shape the future of Ripple and XRP, highlighting the challenges within the cryptocurrency landscape.Ripple enthusiasts are keenly watching the evolution of the […]
Blackrock has responded to the SEC’s comments by making two minor updates to its S1 filing. This follows the SEC’s response to several applicants for a Bitcoin ETF, which included additional comments. The amendments were submitted on the morning of January 9.The changes made to the document are minor, suggesting that this could be the […]
The cryptocurrency landscape has witnessed a significant development with the listing of WisdomTree and VanEck’s Bitcoin ETFs on the Depository Trust & Clearing Corporation (DTCC). This event has sparked speculation about a potential ‘sell the news’ impact, which could see Bitcoin prices fluctuating between $35,000 and $55,000.The U.S. Securities and Exchange Commission’s (SEC) approval of […]
Cryptocurrency wallet firm imToken has been included on the Investor Alert List (IAL) by the Monetary Authority of Singapore (MAS). The IAL is used to caution investors about potentially dubious platforms. In response, imToken announced on X (formerly Twitter) that it was blacklisted in Singapore due to its headquarters being located there, despite not having […]
SEC Chair Gary Gensler has issued a stark warning about investing in volatile crypto assets, offering investors a few tips and “a few things to keep in mind.” The remarks from Gensler come as the broader markets wait for the Securities and Exchange Commission’s decision about the spot Bitcoin ETF applications.Gensler posted the warnings on […]
The United States Securities and Exchange Commission (SEC) has recently issued additional comments on the pending S-1a applications of various Bitcoin ETF applicants. This move, while potentially seen as a sign of delay, is actually a standard part of the regulatory process, often necessitated by ongoing amendments such as fee structures.Bloomberg expert James Seyffart has […]
