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 Thursday.Grayscale’s CEO, Michael Sonnenshein, has hailed this development as a “monumental step forward.” The approval of the spot Bitcoin ETF is indeed a significant […]
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 of speculation and leaks. Gary Gensler, chairman of the SEC, confirmed the approval, stating that despite the rejection of over 20 similar […]
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, Bailey reiterated his belief that unbacked cryptocurrency lacks intrinsic value.“My own sense is that it’s not taking off as what I might call […]
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 from the SEC’s account, causing market turmoil. However, the approval of 19b-4 applications from firms such as ARK 21Shares, Invesco Galaxy, and others, has now paved the […]
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 by May. Balchunas has stated that the fate of Ether spot is closely tied to that of Bitcoin spot, and he […]
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 allow investments not only in Bitcoin but also in other cryptocurrencies such as Cardano, Ethereum, Polkadot, Solana, or a combination of these. Recently, […]
The Federal Bureau of Investigation (FBI) has become involved in an investigation into a security breach of the U.S. Security and Exchange Commission’s (SEC) X account, according to a statement from an SEC spokesperson. The spokesperson clarified that the FBI is not investigating the SEC itself, but is instead collaborating with the SEC on the […]
Robert Kiyosaki, the acclaimed author of ‘Rich Dad, Poor Dad,’ has made waves with his latest Bitcoin prediction. Known for his financial wisdom and investment strategies, Kiyosaki has raised his Bitcoin price target from a previously ambitious $120,000 to an even more bullish $150,000. This upward revision is largely driven by the expected launch of […]
Ripple Labs Inc. has announced a significant step in its corporate strategy with the repurchase of a $285 million stake from its investors and employees. This move is part of a broader $500 million strategy, which includes the conversion of restricted stock units into common stock. The buyback strategy underscores Ripple’s resilience and offers an […]
In a recent interview, Snyder shed light on the complexities of trading new products. He emphasized that the actual impact of a new product being available for trade is not immediately visible. Instead, it typically takes around 90 days, or a quarter, to truly understand what the new product looks like in the market.Furthermore, Snyder […]
