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 […]
The Bitcoin market recently experienced a whirlwind of activity following a false claim of the approval of 11 spot ETFs, allegedly hacked from the US Securities and Exchange Commission’s (SEC) X account. This misinformation led to a significant fluctuation in Bitcoin’s price, which initially soared from $46,800 to $48,000, only to crash to $45,000 within […]
Renowned investor and author of the bestseller “Rich Dad Poor Dad,” Robert Kiyosaki, has predicted a significant surge in Bitcoin’s value, potentially reaching an all-time high of $150,000. This forecast is primarily based on the potential approval of a spot Bitcoin ETF in the United States, which Kiyosaki believes could be a game-changer.The introduction of […]
A security breach at the United States Securities and Exchange Commission (SEC) has led to the spread of false information about the approval of spot Bitcoin ETFs, sparking a thorough investigation by US Senators J.D. Vance and Thom Tillis. The senators have sent a detailed letter to SEC Chairman Gary Gensler, demanding clarity and explanations […]
