The crypto community is abuzz with the recent approval of spot Bitcoin exchange-traded funds (ETFs), a move that many have hailed as “historic”. The approval has led to a surge in activity on social media platform X, with the hashtag #BitcoinETF trending and the search term “Bitcoin ETF” reaching a maximum score of 100 on […]
The term “ultrasound money” has been frequently used within the Ethereum (ETH) community, often to describe the network’s potential to become a deflationary asset with superior tokenomics to Bitcoin (BTC). This narrative has its supporters and detractors, with some arguing it is based on overly optimistic assumptions.A developer known as antiprosynthesis.eth has challenged the “ultrasound […]
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 […]
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 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, […]
Georgia’s Representative, Mike Collins, has made significant investments in the popular cryptocurrency, Ethereum. Recent financial report documents submitted to the U.S. House of Representatives reveal that Collins made two Ethereum purchases in early 2024, totaling up to $65,000. This follows his previous declaration of an investment of up to $45,000 in Ether during 2023.As part […]
Spot Bitcoin BTC is currently valued at $47,435. According to James Seyffart, a Bloomberg ETF analyst, exchange-traded funds (ETFs) are set to begin trading on Jan. 11, following the SEC’s approval of 11 spot Bitcoin ETFs. Seyffart has indicated that several S-1 prospectuses are “going effective,” which means that spot Bitcoin ETFs could start trading […]
Recent on-chain data has revealed that XRP Whales have moved a significant portion of their holdings in the last 24 hours, causing speculation within the XRP community. Over 63 million XRP tokens have been moved in two significant transactions. The first transaction involved a transfer of 26,400,000 XRP from an unknown wallet to the crypto […]
Good day to all! The financial world is abuzz with the news that Spot Bitcoin ETFs have received approval from the SEC. This is a developing story, and we will be providing live updates over the coming hours.The news was announced in a rather haphazard manner. The approval document made a brief appearance on the […]
