Arthur Hayes, BitMEX’s founder, recently explored factors shaping Bitcoin’s potential rally amidst challenges faced by New York Community Bancorp ($NYCB) and the broader banking sector. In a world where traditional finance meets cryptocurrencies, Hayes sheds light on potential impacts on Bitcoin’s value. Dive into Hayes’ analysis and discover if this is a golden buying opportunity...Read More
The spotlight is now on the potential approval of a spot Ethereum ETF, following the green signal for 11 spot Bitcoin ETFs. Although many people are wondering if a similar approval is in the cards for Ethereum. However, getting approval is tricky because of unclear rules from the Securities and Exchange Commission (SEC) about how...Read More
Alameda Research, an affiliate of the now-bankrupt cryptocurrency exchange FTX, has withdrawn its lawsuit against Grayscale Investments. The legal action, initially filed in a Delaware court in March last year, accused Grayscale of engaging in practices that enriched the company at the expense of shareholders. Alameda’s Withdraw Strengthens Grayscale’s Legal Position Alameda Research, an affiliate...Read More
The Spot Bitcoin Exchange-Traded Fund (ETF), a new product in the financial market, has just wrapped up its first week of trading. This event marks several key milestones in blending crypto with mainstream financial markets. Launched amid high expectations, the Spot Bitcoin ETF is a crucial move, providing a more regulated and safer option for...Read More
Grayscale, a prominent American digital asset management company has encountered substantial outflows in its Spot Bitcoin ETF, Grayscale Bitcoin Trust (GBTC). Many expert analysts attribute the outflows to factors such as elevated trading fees and potential accounting irregularities. Grayscale’s bumpy journey Despite obtaining approval for its Spot Bitcoin ETF from the United States Securities and...Read More
Binance, the largest cryptocurrency exchange by trading volume, with 76 billion every day which is the most trusted among investors has experienced many ups and downs in 2023 due to regulatory hurdles which might be CZ’s departure of the 4 billion settlement. According to TokenInsight which is token data the rating company reported that Binance...Read More
This week was full of hustle, anticipation, and excitement as many major developments came into existence and one of the major eye-capturing events was the approval of Spot Bitcoin ETF by the Securities and Exchange Commission. This approval news circulated tremendously on social media sites despite this many other major things happened in the crypto...Read More
Grayscale Investments, a key player in the cryptocurrency market, is preparing to move into new territory following the latest U.S. approval of spot Bitcoin ETFs with the Securities and Exchange Commission. In an exclusive interview with Wall Street Journal, Grayscale’s Chief Financial Officer, Ed McGee, sheds light on the financial implications and strategic changes the...Read More
The Chicago Board Options Exchange (CBOE) has announced its approval for the listing of the Invesco Galaxy Bitcoin ETF (BTCO) on its platform. The ETF, which is sponsored by Invesco, will provide investors with exposure to bitcoin through a traditional investment vehicle. The news is confirmed by Fox journalist Eleanor Terret on X (Twitter). The...Read More
Open Campus is all set to focus much on educational startups as it commits to funding $10 million for 100 startups. On Monday, 9th January 2024, Open Campus reportedly announced to the media that Open Campus Accelerator [OC-X] is ensuring 100 educational startups are brought on board, which will further complement Open Campus ID and...Read More
As the cryptocurrency industry continues to evolve, another 10 applicants are ready for the race including Valkyrie, Wisdomtree, Invesco/Galaxy, iShares, Ark/21Shares, and Vaneck, who have submitted updated S1-filing to the U.S. Securities and Exchange Commission (SEC) for the launch of Bitcoin spot exchange-traded funds (ETFs). What Benefit Investors Hold? These ETFs would authorize investors to...Read More
The Bitcoin community awaits with anticipation the SEC’s decision on the first U.S. spot Bitcoin ETF, a major step towards robust crypto market adoption. Analysts suggest a high likelihood of an SEC announcement this week, potentially triggering significant market movements following Bitcoin’s price reaction in response to the news. 5% Chance Of A Rejection Last...Read More
The US Securities and Exchange Commission (SEC) is about to make an important decision on Bitcoin exchange-traded funds (ETFs). In the past, the SEC said no to all ETF requests, but now there’s a chance they might say yes. Analysts think that one or more proposals could get approved as soon as Friday. People around...Read More
The race for the spot Bitcoin ETF is at its peak, as Valkyrie has filed a registration with the US Securities and Exchange Commission (SEC) for its spot Bitcoin ETF. This move follows similar actions taken by several other applicants, including Fidelity, Grayscale, and VanEck, increasing the likelihood of multiple approvals early next week. The...Read More
Fidelity Investments, the $4.5 trillion asset manager, has taken a pivotal step towards mainstream adoption of cryptocurrencies by filing for SEC registration of its spot bitcoin ETF again. SEC Registration The filing, which involves submitting SEC Form 8-A, is a critical step towards making the bitcoin fund available for public trading, pending regulatory approval. By...Read More
The leading block explorer, API, and analytics platform for the Ethereum network, Etherscan, has announced a strategic acquisition of Solana’s leading block explorer, Solscan. According to the announcement, the Solscan ecosystem has officially joined the Etherscan portfolio, including BNB Smart Chain explorer Bscscan. Amid the exponential growth of the Solana ecosystem, the acquisition by Etherscan...Read More
Bitcoin made its entry in 2024 with the highest surge since April 2022, which is now trading above $45,000. As it became the talk of the town, many analysts, economists, and Bitcoin holders shared the major factors that have dipped Bitcoin value to the sky. Predicted Factors One of the primary factors driving the recent...Read More
As the US Securities and Exchange Commission prepares to decide on several Bitcoin ETF applications in early 2024, prominent crypto analyst WrathofKahneman has weighed in on the potential for an XRP exchange-traded fund (ETF). WoK, a pro-ZRP influencer, has asserted that the realization of an XRP ETF is unlikely until a significant development occurs. Crypto...Read More
Cryptocurrencies have been the topic of discussion since their inception, and many known personalities believe in investing in them. They also give investors their outlook and share predictions about them. Now, let’s talk about Ethereum, which is used worldwide due to its secure network, validated transitions, and sustainable ecosystem. According to YChart, as of September...Read More
As Bitcoin struggles to break the $44,000 threshold, miners are showing signs of impatience, leading to a significant reduction in their reserves. Despite this, our analysis suggests that the continuous selling might not affect Bitcoin’s price due to the bullish sentiment surrounding the upcoming ETF decision. This sentiment is supported by several applicants who are...Read More
A market analyst forecasts that Shiba Inu’s price will reach $0.0000417 in 2024, according to Austin Hilton. Following Shiba Inu’s impressive turnaround in 2023, driven by Shibarium, this projection comes as no surprise. Shiba Inu, known for its meme coin origins, has experienced a notable turnaround in 2023, largely attributed to the launch of Shibarium....Read More
Changpeng ‘CZ’ Zhao, the enigmatic figure behind Binance, is entangled in a legal battle that contrasts sharply with his staggering rise in wealth. The latest chapter in this narrative unfolds as CZ seeks court orders to seal motions tied to travel permissions, unloading a complex web of legal intricacies amidst his towering net worth surge....Read More
The XRP community is abuzz with anticipation as the possibility of an XRP spot exchange-traded fund (ETF) takes center stage in the vibrant Asian market. Notably Yassin Mobarak, the founder of Dizer Capital, is inviting crypto industry leaders to consider launching an XRP ETF in Hong Kong, especially with recent regulatory changes. Regulatory Shift in...Read More
In a significant development in the cryptocurrency market, Hashdex, a prominent player in the Bitcoin ETF sector, has updated its application strategy, now choosing BitGo as its custodian. This move comes amid a broader shift influenced by recent guidelines from the U.S. Securities and Exchange Commission (SEC) regarding the structure of Bitcoin ETFs. Hashdex’s Strategic...Read More
In the world of cryptocurrencies, a day without Gary Gensler’s criticism is incomplete. The head of the Securities and Exchange Commission (SEC), has become a figure of controversy. Gensler’s role in regulating the $1 trillion crypto sector has been challenging. Gensler Raises Concerns Over Fraud and Lack of Disclosure SEC Chair Gary Gensler has expressed...Read More
In the bustling world of cryptocurrency, the U.S. market is abuzz with expectations of Bitcoin turning bullish in 2024. Central to this optimism is the anticipation of spot Bitcoin ETF approvals by January 2024. However, Anthony Pompliano, a renowned figure in the crypto industry, recently presented a differing viewpoint, sparking discussions among enthusiasts and investors....Read More
Venture capital powerhouse a16z has unveiled a comprehensive report for the crypto industry in 2024, focusing on the accelerated adoption of NFTs, the evolution of gaming finance, and advanced blockchain solutions like zkSync. Decentralization, User Experience, and AI Blockchains The report emphasizes the importance of decentralization to distribute power away from central authorities, fostering competition...Read More
In a recent Bloomberg interview, Michael Saylor, Co-Founder and Executive Chair of MicroStrategy, shared his bullish outlook for Bitcoin in 2024, hinging significantly on the advent of spot Bitcoin ETFs. Saylor emphasized the historical significance of this development, calling it the “biggest development on Wall Street in 30 years,” paralleling the invention of the S&P...Read More
HashKey Capital Singapore has received a Capital Markets Services (CMS) license, making it a licensed fund management company (LFMC) in Singapore. This enables HashKey to provide regulated fund management services for blockchain assets, primarily for capital markets products, from its Singapore headquarters. The CMS license follows the successful closure of HashKey’s third fund, which raised...Read More
“Can 6 years of misery turn into 6 years of fortune real quick”? That’s the fate of XRP at present. Despite the buzz around the Ripple IPO and Settlement, XRP remains unmoved, leaving investors questioning its ability to break the pivotal $1 mark. Renowned crypto expert Panos Mekras challenges the common belief, suggesting that these...Read More
