ARK Invest CEO Cathie Wood has recently updated her Bitcoin price predictions, presenting a bullish scenario of $1.5 million, a significant increase from her previous estimate of $1 million. This optimistic forecast comes following the approval of spot Bitcoin Exchange-Traded Funds (ETFs) by the Securities and Exchange Commission (SEC) in the United States.ARK Invest, one […]
Binance, the world’s largest cryptocurrency exchange, has expanded its margin trading offerings with the addition of six new trading pairs. The pairs include SOL/USDC, ARB/FDUSD, and DOCK/USDT as cross-margin pairs, and SOL/USDC, ARB/FDUSD, and OP/FDUSD as isolated margin pairs. Margin trading allows users to leverage loaned funds for trades, providing greater flexibility and diversification in […]
In the world of digital assets, a series of groups have co-opted the revolution, turning the industry into a minefield for both new and experienced market players. These groups range from BitMEX to Binance, Bitcoin.com, Blockstream, ShapeShift, Coinbase, Ripple, Ethereum, FTX, and Tether.Grayscale, however, has managed to stay afloat amidst the chaos. Despite its high […]
BlackRock CEO Larry Fink recently expressed his belief in the value of a spot Ethereum (ETH) ETF (Exchange Traded Fund) during an interview with CNBC. This comes after the US SEC (Securities and Exchange Commission) approved 11 spot Bitcoin (BTC) ETFs, a development that has been eagerly anticipated by US investors interested in the cryptocurrency […]
BlackRock CEO Larry Fink has shown interest in a spot Ethereum ETF following the US SEC’s approval of 11 spot Bitcoin ETFs. Major firms such as BlackRock, VanEck, and Grayscale have applied for a spot ETH ETF, indicating a strong interest from US investors in cryptocurrency-based ETFs.The SEC has set final decision deadlines for the […]
BlackRock CEO Larry Fink has recently shown interest in an Ethereum-based Exchange-Traded Fund (ETF), indicating a potential shift in investment strategies. This comes at a time when cryptocurrency markets are gaining mainstream acceptance.Fink’s endorsement of Ethereum underscores its growing prominence in the digital finance arena. As the leader of the world’s largest asset manager, his […]
UBS Group AG has announced its intention to propose Gail Kelly for election to its Board of Directors at the Annual General Meeting, which is scheduled for April 24, 2024. Kelly, a seasoned professional in the financial services industry, boasts over three decades of experience and is expected to bring her extensive leadership skills to […]
South Korea’s Financial Services Commission (FSC) has issued a warning to domestic securities firms brokering overseas-listed Bitcoin spot exchange-traded funds (ETFs), stating that such activities may be in violation of local laws. The notice, issued on January 12, 2024, highlights potential breaches of the Virtual Asset User Protection Act and the Capital Markets Act.The FSC […]
Asset manager Vanguard has made the decision to prevent its customers from purchasing spot Bitcoin ETFs via its platform. This move coincided with the commencement of trading for these ETFs, leading to some customers expressing their intention to leave Vanguard. The upcoming months may see a shift in focus towards Pullix, a new hybrid exchange […]
The U.S. Securities and Exchange Commission (SEC) has filed a motion to compel Ripple Labs to produce financial statements for the years 2022-2023 and post-complaint contracts governing institutional sales of XRP. This move has reignited interest in the ongoing SEC vs. Ripple case among XRP investors. The SEC’s request is part of the remedies-related discovery […]
