The Securities and Exchange Commission (SEC) has recently approved 11 Bitcoin ETFs, a significant development in the cryptocurrency sector. This regulatory milestone allows for the listing and trading of these spot Bitcoin exchange-traded funds, potentially reshaping the financial landscape and attracting substantial investment flows.Bloomberg, a trusted source in the financial world, has projected that the […]
The Securities and Exchange Commission (SEC) has recently approved 11 Bitcoin ETFs, marking a significant development in the cryptocurrency sector. This regulatory milestone allows for the listing and trading of these spot Bitcoin exchange-traded funds, potentially reshaping the financial landscape and attracting substantial investment flows.Bloomberg, a highly trusted source in the financial world, has projected […]
In a significant development, the U.S. Securities and Exchange Commission (SEC) has given the green light to 11 spot bitcoin exchange-traded funds (ETFs), a decision eagerly awaited by cryptocurrency enthusiasts. However, this historic regulatory approval did not trigger the expected surge in bitcoin’s price, which remained relatively flat over the past 24 hours.On the other […]
Turkey’s Finance Minister, Mehmet Simsek, has announced that the country’s cryptocurrency regulations are nearing completion. This is a significant move towards creating a regulated environment for cryptocurrency trading platforms in the country. The forthcoming regulations aim to reduce the risks associated with cryptocurrency trading.The primary goal of these regulations is to aid Turkey’s removal from […]
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 […]
