Senator Elizabeth Warren has accused the Blockchain Association and other industry groups of undermining Congressional efforts to address the alleged role of cryptocurrency in terrorist financing. The senator alleges that these groups are hiring former defense and law enforcement officials to fight against these efforts. The Blockchain Association has responded to these accusations, stating that […]
The U.S. Securities and Exchange Commission (SEC) is nearing a decision on the approval of spot bitcoin exchange-traded funds (ETFs), putting asset managers, including BlackRock, Ark Investments, and 21Shares, on high alert. A false report of the SEC approving 11 Bitcoin ETF applications caused a spike in market volatility, pushing the Bitcoin spot price to […]
Ripple Labs is reportedly planning a tender offer to buy back a $285 million stake from early investors and employees. The company intends to spend a total of $500 million on the transaction, which includes the cost of converting restricted stock units to common shares. Investors will only be able to sell 6% of their […]
The ProShares Bitcoin Strategy ETF (BITO) has surpassed the $2 billion mark, driven by the anticipation surrounding the potential approval of the spot ETF. Interestingly, the spot ETF could pose a significant threat to BITO. Despite the buzz around the spot ETF, ProShares asserts that its futures ETF has been experiencing rapid growth even before […]
A recent market surge, triggered by a false tweet, led to a sharp 21 percent increase in Lido. However, Bitcoin and other altcoins experienced a significant drop after the SEC chair dismissed rumors of ETF approval.The US Securities and Exchange Commission’s compromised Twitter account had previously tweeted that the spot Bitcoin Exchange-Traded Fund (ETF) applications […]
In an unexpected development, Coinbase, a leading cryptocurrency exchange, has extended its support to the U.S. Securities and Exchange Commission (SEC) following a security breach on the regulator’s social media account. The breach led to the posting of a fraudulent Bitcoin ETF approval message, sparking a flurry of conspiracy theories and speculation.The social media platform […]
FTX, a bankrupt cryptocurrency exchange, is seeking court approval to sell several luxury properties in the Bahamas as part of its bankruptcy proceedings. The properties were purchased using a significant amount of the exchange’s users’ funds, with the total cost of the 36 properties exceeding $200 million.The exchange is hoping to secure permission from the […]
The anticipation of a potential approval for a spot-based Bitcoin Exchange-Traded Fund (ETF) by the U.S. Securities and Exchange Commission (SEC) has led to a significant increase in Bitcoin futures open interest on the Chicago Mercantile Exchange (CME). However, K33 Research warns that this enthusiasm may be short-lived as the approval could trigger a downturn […]
In a nod to the potential approval of a Bitcoin exchange-traded fund (ETF), a Bitcoin user has inscribed a message into the blockchain. The message, confirmed on Jan. 9 at 7:24 pm UTC, reads, “SEC Chairman on the brink of second ETF approval.” This act mirrors that of Bitcoin’s pseudonymous creator, Satoshi Nakamoto, who etched […]
The Financial Industry Regulatory Authority (FINRA), a self-regulatory body overseeing securities broker-dealers in the US, has included a section on crypto assets in its 2024 Annual Regulatory Oversight Report for the first time. The authority advises users to exercise caution when engaging in crypto asset-related activities and urges firms to address the regulatory challenges and […]
