Luke Gromen, a veteran macro investor, believes that both Bitcoin (BTC) and gold can benefit from the mounting fiscal issues in the US economy. Gromen believes that the Federal Reserve’s quantitative easing and other measures will create an environment where assets such as gold, oil, and BTC can thrive. He also believes that gold and […]
Rostin Behnam, chair of the United States Commodity Futures Trading Commission (CFTC), spoke at the Financial Industry Association Expo 2023 event in Chicago about the agency’s activity in the crypto sphere and the need for up-to-date legislation. He noted that the CFTC Enforcement Division had collected $6 billion in penalties in fiscal year 2023, with […]
The federal appeals court for the District of Columbia recently ruled in favor of Grayscale Investments in their attempt to turn their Grayscale Bitcoin Trust (GBTC) into a listed Bitcoin exchange-traded fund (ETF). Judge Neomi Reo granted Grayscale’s order to review and vacated the SEC’s order to deny the GBTC listing application, citing that the […]
Michael Lewis, author of The Big Short, has written a book about Sam Bankman-Fried, the former CEO of FTX. In an excerpt of Going Infinite: The Rise and Fall of a New Tycoon published in the Washington Post, Lewis described Bankman-Fried’s interactions with the media and influential figures prior to the downfall of FTX and […]
Chainlink (LINK) and Stellar (XLM) are two tokens that have been performing well despite the bearish crypto market. Chainlink has gained 14% in value, starting the week at $6.09 and reaching a peak of $7.21. Meanwhile, Stellar launched a new website in hopes of ending the price decline, and its price is currently at $0.114.Tradecurve […]
As October begins, the financial world is keeping a close eye on Shiba Inu, a cryptocurrency that has historically seen significant gains in the month. Data from CryptoRank shows that the token has seen an average 422% surge in October since its debut. If the token continues on its current trajectory, it could potentially reach […]
September was a record-breaking month for malicious entities stealing funds in the crypto market. According to CertIK, approximately $332 million in digital assets were lost to exploits, hacks, and scams. Exit scams accounted for $1.9 million, flash loans for $0.4 million, and crypto-related exploits for $329.8 million. The largest portion of this month’s losses was […]
Grayscale Investments, a global leader in digital asset investment, is seeking approval from the US Securities and Exchange Commission (SEC) to convert its Grayscale Ethereum Trust (ETHE) into a spot Ethereum exchange-traded fund (ETF). The move, in partnership with NYSE Arca, marks a significant step toward bringing cryptocurrencies further into the mainstream financial landscape.Grayscale’s Ethereum […]
The Securities and Exchange Commission (SEC) has delayed its decision on the listing of spot Bitcoin and Ether exchange-traded funds (ETFs). The SEC delayed making decisions until Dec. 25 and Jan. 10, respectively, for spot Ether ETFs from VanEck and ARK 21Shares, while GlobalX will have to wait until Nov. 21 for the commission’s decision. […]
Crypto markets are spiking as three major Ethereum (ETH) futures exchange-traded funds (ETFs) are set to debut. VanEck, ProShares and Bitwise have all announced the launch of their respective ETFs, which are based on the price of ETH. ProShares is launching ProShares Ether Strategy ETF (EETH), an Ether-tracking ETF, today. ProShares is also launching two […]
