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10 months agoSEC Commissioner Clarifies Approved Bitcoin Products as ETPs, Not ETFs
In a recent development, a dissenting commissioner from the U.S. Securities and Exchange Commission (SEC) has clarified that the agency has approved spot Bitcoin Exchange-Traded Products (ETPs), not Exchange-Traded…
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10 months agoPhoenix Group Invests $187M in Bitmain Bitcoin Mining Rigs
Phoenix Group, a crypto mining firm based in Abu Dhabi, has announced its plan to buy $187 million worth of new Bitcoin mining rigs from Bitmain Technologies. This move is part of a series of steps to expand their…
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bob wrote a new post
10 months agoPhoenix Group Invests $187M in Bitmain Bitcoin Mining Rigs
Phoenix Group, a crypto mining firm based in Abu Dhabi, has announced its plan to buy $187 million worth of new Bitcoin mining rigs from Bitmain Technologies. This move is part of a series of expansions to their…
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bob wrote a new post
10 months agoECB Rejects Bitcoin, Prioritizes Development of Digital Euro
The European Central Bank (ECB) has adopted a cautious stance towards Bitcoin, with ECB Executive Director Isabel Schnabel stating unequivocally that the bank has no intention of purchasing the cryptocurrency.…
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10 months agoECB Rejects Bitcoin, Focuses on Launching Digital Euro by 2026
The European Central Bank (ECB) has adopted a cautious stance towards Bitcoin, with ECB Executive Director Isabel Schnabel stating unequivocally that the bank has no intention of purchasing the cryptocurrency.…
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10 months agoPayPal Incentivizes PYUSD Liquidity on Curve Finance, Boosting DeFi
In a significant development, PayPal, the renowned payment processor, has taken a step forward in promoting decentralized finance (DeFi) protocols by incentivizing PYUSD liquidity on Curve Finance, the world’s l…
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10 months agoEl Salvador's Bitcoin Investment Yields Multi-Million Dollar Profits
El Salvador is witnessing substantial profits from its Bitcoin investment due to the recent surge in the cryptocurrency’s value. The Central American nation, which took the bold step of adopting Bitcoin as a l…
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10 months agoSEC Approves Spot Bitcoin ETFs, Ushering New Era in Crypto Investment
In a significant shift in cryptocurrency trading, the Securities and Exchange Commission (SEC) has approved the trading and listing of shares of spot Bitcoin exchange-traded products (ETPs). The SEC chairman, Gary…
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10 months agoGeorgia Representative Mike Collins Increases Ethereum Investments Amid Market Rise
Georgia’s Representative, Mike Collins, has made significant investments in the popular cryptocurrency, Ethereum. Recent financial report documents submitted to the U.S. House of Representatives reveal that C…
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10 months agoSpot Bitcoin ETFs Set to Trade Following SEC Approval
Spot Bitcoin BTC is currently valued at $47,435. According to James Seyffart, a Bloomberg ETF analyst, exchange-traded funds (ETFs) are set to begin trading on Jan. 11, following the SEC’s approval of 11 spot B…
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10 months agoXRP Whales Stir Speculation with Movement of Over 63 Million Tokens
Recent on-chain data has revealed that XRP Whales have moved a significant portion of their holdings in the last 24 hours, causing speculation within the XRP community. Over 63 million XRP tokens have been moved in…
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10 months agoCelsius Targets Former Clients for Funds Withdrawn Before Bankruptcy
Celsius, the once prominent crypto staking, lending, and exchange platform, has taken a bold stance against former clients who withdrew their funds before the company could freeze them. The company, which has now…
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10 months agoSEC Approves Spot Bitcoin ETFs: Live Updates and Reactions
Good day to all! The financial world is abuzz with the news that Spot Bitcoin ETFs have received approval from the SEC. This is a developing story, and we will be providing live updates over the coming hours.The…
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10 months agoSEC Approves Bitcoin ETFs but Remains Skeptical, Warns Investors
United States Securities and Exchange Commission (SEC) Chair, Gary Gensler, has made it clear that despite the recent approval of 11 spot Bitcoin exchange-traded funds (ETFs), his agency does not endorse Bitcoin.…
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10 months agoGrayscale Confirms Bitcoin ETF Approval, Trading Starts Thursday
In a significant development, Grayscale, a prominent player in the US Bitcoin market, has confirmed the approval of a spot Bitcoin ETF. The company has announced that trading will commence from…
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10 months agoSEC Approves Bitcoin ETF, Gensler Cautions on Cryptocurrency Volatility
The U.S. Securities and Exchange Commission (SEC) has approved the long-awaited spot Bitcoin ETF, marking a significant shift in the future of Bitcoin in the US financial market. This announcement comes after weeks…
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10 months agoBOE Governor Asserts Bitcoin's Inefficiency as Payment Method
Bitcoin’s momentum as a payment method is dwindling due to its inefficiency, according to Bank of England (BOE) governor Andrew Bailey. In a recent meeting with the United Kingdom Parliament Treasury Committee, B…
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10 months agoSEC Approves First Spot Bitcoin ETFs, Market Anticipates Bullish Trend
The U.S. Securities and Exchange Commission (SEC) has officially approved America’s first regulated spot Bitcoin Exchange-Traded Funds (ETFs). This landmark decision was initially marred by a misleading tweet f…
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10 months agoAnalysts Predict High Chance of Ethereum ETF Approval in 2024
Following the approval of 11 spot Bitcoin exchange-traded funds (ETFs) on January 10, spot Ether ETFs are expected to receive approval in 2024. Bloomberg ETF analyst Eric Balchunas predicts a 70% chance of approval…
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10 months agoUS Approves Bitcoin ETFs: What It Means for Crypto Investors
Exchange Traded Products (ETPs) are funds that represent an index, currency, or commodity. There are numerous providers of such products, including Coin Shares, 21 Shares, Seba, Van Eck, and Wisdom Tree. These…
