Bitcoin’s price experienced a wild ride this week, skyrocketing to nearly $48,000 due to a false announcement of a Bitcoin ETF approval before plummeting once again. This event highlights the high anticipation for the potential approval of spot Bitcoin ETFs in the US, a decision that is expected in the upcoming days.While some view this […]
The United States Securities and Exchange Commission (SEC) could be nearing the full approval of listing shares of a spot Bitcoin exchange-traded fund (ETF). This development comes after the Cboe BZX Exchange issued a notice approving securities listings from several asset managers.In letters filed with the SEC on January 10, Cboe confirmed that it had […]
Brevan Howard and Hamilton Lane are set to become the first asset managers to tokenize assets on the upcoming Libre protocol. This Web3 infrastructure provider is backed by Brevan Howard’s WebN and Nomura’s Laser Digital. The launch of Libre is planned for the first quarter of 2024, and it will offer asset tokenization and smart […]
The decision on the spot Bitcoin Exchange-Traded Fund (ETF) is anticipated today, with predictions of a significant market impact. Several crypto experts foresee billions of dollars of inflows into the market following the approval. Standard Chartered Bank predicts a capital inflow between $50 billion to $100 billion in 2024.Post-approval, it is estimated that between 437,000 […]
In a recent development, several firms have cut down their proposed fees, a move that is seen as a response to the escalating industry competition and the anticipation of the U.S. Securities and Exchange Commission’s (SEC) decision on spot Bitcoin ETFs.As the SEC deadline draws near, various applicants including Valkyrie, WisdomTree, BlackRock, VanEck, Invesco, Galaxy, […]
Crypto analyst Ali Martinez has made a long-term price prediction for Cardano (ADA), suggesting a significant increase, albeit after some potential short-term decline. The price of ADA has recently been on a downward trend, falling by 4.2% in the past 24 hours and 16.7% over a larger timeframe. Despite a brief bullish period yesterday, most […]
BitGo, a digital asset custody provider, has been granted in-principle approval by the Monetary Authority of Singapore (MAS) to operate as a Major Payment Institution (MPI). This regulatory approval allows BitGo to expand its services in Singapore, providing the Asia-Pacific (APAC) region with regulated, secure, and trusted solutions.The MPI license gives BitGo the green light […]
Sam “SBF” Bankman-Fried, the former CEO of cryptocurrency exchange FTX, has retained new legal representation ahead of his sentencing hearing for seven criminal charges. The notice was filed on January 9 in the United States District Court for the Southern District of New York by Torrey Young and Marc Mukasey of Mukasey Young LLP, who […]
Mehmet Şimşek, Turkey’s Minister of Treasury and Finance, has revealed some details about the country’s upcoming crypto legislation. The government is set to license trading platforms, provide legal definitions for key terms in cryptocurrency, and adhere to FATF (Financial Action Task Force) guidelines.Şimşek confirmed that the crypto framework for the Turkish market is currently in […]
Bankrupt crypto lending firm Celsius has filed an intent to retrieve funds from those who withdrew $100,000 or more in the three-month period leading up to the firm’s bankruptcy filing.Celsius, the crypto lender that filed for bankruptcy in 2022, is considering a bold move in an attempt to recoup funds from creditors who made significant […]
