The US Securities and Exchange Commission (SEC) has recently given the go-ahead for a spot Bitcoin ETF, albeit somewhat reluctantly. This has sparked speculation about when the agency will approve an exchange-traded fund that tracks the performance of the second-largest cryptocurrency.The year 2023 is set to be a landmark year for ETFs, with numerous companies […]
The US Securities and Exchange Commission (SEC) has recently given the green light to a spot Bitcoin ETF, albeit somewhat reluctantly. This has sparked speculation about when the agency will approve an exchange-traded fund (ETF) that tracks the performance of Ethereum, the second-largest cryptocurrency.The year 2023 has been a significant one for ETFs, with numerous […]
Despite the initial optimism that followed the approval of Bitcoin ETFs, the cryptocurrency experienced an unexpected decline, dropping over 7% from $49,000 to an intraday low of $45,644. This unexpected decline contradicts the prevailing optimism in the market following the recent approval of Bitcoin exchange-traded funds (ETFs).Furthermore, the Bitcoin options data also paints a picture […]
In a remarkable turn of events, an American truck driver’s life was transformed when his $650 investment in the Shiba Inu meme token (SHIB) ballooned to $1.7 million. The driver, who remains anonymous, made the investment in August 2020 when SHIB was relatively unknown and its price was around $0.00000000051 per token. This investment equated […]
Genesis Global Trading, a subsidiary of Digital Currency Group (DCG), has agreed to a settlement with the New York Department of Financial Services (NYDFS) on January 12th. The settlement includes an $8 million penalty, following an agency investigation that uncovered significant shortcomings in the company’s anti-money laundering and cybersecurity programs. The NYDFS stated that these […]
Marco Valla, who joined from Barclays last year, is leading a new initiative and has already made at least ten subsequent hires. The team is set to be the 12th for 2022, leaving six more spots to fill. In other news, UBS has gained an activist investor, Cevian Capital, who have so far only issued […]
Robert Kiyosaki, the author of Rich Dad Poor Dad, has made a bold prediction for Bitcoin (BTC), forecasting a six-figure price as US regulators approve a series of spot exchange-traded funds (ETF). Kiyosaki shared his prediction with his 2.5 million followers on social media platform X, stating that he expects Bitcoin to surge by 247% […]
For the past six months, nearly a dozen providers have been awaiting the green light from the U.S. Securities and Exchange Commission (SEC) to launch the first spot-based Bitcoin ETF. For years, the agency has refused to approve such products, always with seemingly false reasons. However, a clear court decision in the case of Grayscale […]
US Securities and Exchange Commission (SEC) Chair Gary Gensler has recently approved Bitcoin ETFs, a move that has sparked controversy due to his concurrent criticism and unfounded claims against Bitcoin and the broader crypto industry. Despite the approval of the ETFs, Gensler has maintained his critical stance on Bitcoin, referring to it as a “speculative […]
UBS, the Swiss financial giant, is making a renewed push into the lucrative US investment-banking market, more than a decade after it abandoned its ambitions of becoming a major player in the sector. This time, however, the bank’s ambitions are more measured.The bank’s recent takeover of its local rival, Credit Suisse, along with turmoil at […]
