Spot Bitcoin exchange-traded funds (ETF) could have faced an unfavorable outcome if not for the Grayscale appeal last year, according to SEC Commissioner Hester ‘Crypto Mom’ Peirce. In a statement on Jan.10, Peirce outlined that issuers have been trying to get a spot Bitcoin ETF approved for over a decade. This process could have been […]
Bitcoin remained steady late Wednesday after the Securities and Exchange Commission (SEC) approved the first-ever spot bitcoin ETFs to trade in the U.S. The cryptocurrency managed to recover from earlier losses and was trading flat at $46,671.22, as per Coin Metrics. Concurrently, the price of ether surged to a high of 15.5% to $2,606.00, its […]
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 Funds (ETFs). This clarification comes amid potential confusion among investors regarding the nature of the recently approved Bitcoin products.The SEC commissioner’s statement is significant as it […]
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 mining operations. The purchase was conducted through Phoenix’s subsidiary, Phoenix Computer Equipment, and Bitmain dealer Cypher […]
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 mining operations. The purchase was conducted through Phoenix’s subsidiary, Phoenix Computer Equipment, and Bitmain dealer Cypher Capital […]
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. Schnabel, speaking through the ECB X account, described Bitcoin as a speculative asset that does not meet the criteria of money.This statement was made in […]
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. Schnabel, speaking through the ECB X account, described Bitcoin as a speculative asset that does not meet the criteria of money.This statement was made in […]
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 largest stablecoin decentralized exchange (DEX) by trading volume. This move, first reported by Stake DAO on January 10, has created a stir in the crypto community, […]
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 legal tender, has seen its strategic Bitcoin investments translate into multi-million dollar gains.Over the past few years, El Salvador, one of the […]
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 Gensler, emphasized the Commission’s neutrality in this decision, which is based on the assessment of consistency with the Exchange Act and applicable regulations. However, […]
