As the decision on Bitcoin exchange-traded funds (ETFs) looms, prominent figures in the industry are adopting a cautious stance. Arthur Hayes, the founder of BitMex, has forecasted a 20-30% drop in Bitcoin’s value in March, following the potential approval of a Bitcoin ETF. He also anticipates a significant correction in the crypto market.Hayes’ prediction is […]
As the decision on Bitcoin exchange-traded funds (ETFs) looms, prominent figures in the industry are adopting a cautious stance. BitMex founder Arthur Hayes has predicted a 20-30% drop in Bitcoin value in March, following a possible approval of a Bitcoin ETF. He also suggests that the crypto market could face a significant correction.Hayes’ prediction is […]
The United States Securities and Exchange (SEC) has taken a significant step towards the approval of a spot Bitcoin exchange-traded fund (ETF). The regulatory body has started accepting filings from exchanges, marking a crucial phase in the approval process.On January 5, the Nasdaq Stock Market submitted 19b-4 amendments for spot Bitcoin ETF applications. These applications […]
Max Keiser, a well-known Bitcoin advocate, has made a bold prediction about the future of Solana (SOL), a competitor to Ethereum (ETH). Keiser believes that SOL is on the brink of a significant crash, with its value potentially plummeting to $20. This would represent a drop of over 80% from its current price.Keiser’s forecast for […]
Decentralized exchange Mango Markets is bolstering its resources to address the ongoing scrutiny from United States regulatory authorities. A proposal on Mango’s governance forum reveals that the decentralized autonomous organization running the exchange is set to approve a budget of $250,000 in USD Coin on January 6. This fund is intended for the hiring of […]
In a recent development, a TechCrunch reporter has revised their prediction regarding the approval of a US Bitcoin ETF. While the possibility of approval by the end of this week seems increasingly unlikely, the reporter maintains that the deadline of January 10 still stands.This update comes as the crypto community eagerly awaits the green light […]
Antonio Juliano, the founder of dYdX, a decentralized exchange (DEX), has expressed skepticism about the current crypto bull run. He attributes the recent price surge to “light trading volumes,” suggesting that this might not sustain the uptrend despite overall confidence.According to Juliano, a true bull cycle is not solely defined by price action but also […]
In a significant move, VanEck, a major player in the financial sector, has committed to donate 5% of its profits from its Exchange-Traded Fund (ETF) to Bitcoin Core developers. This commitment is not a short-term gesture, but a pledge that will span a decade.This decision by VanEck is indicative of a broader trend within the […]
The Bitcoin price has experienced a surge in volatility due to the pending decision on the spot Exchange Traded Fund (ETF). Market participants are eagerly awaiting an announcement, which is expected to cause further volatility spikes. Currently, Bitcoin is trading at $43,900, recording a 1% profit over the last 24 hours and a 3% increase […]
A group of former Citigroup executives have launched a new investment offering called Bitcoin depositary receipts, which they claim do not require approval from the US Securities and Exchange Commission (SEC). The founders of Receipts Depositary Corporation (RDC) – Bryant Kim, Ankit Mehta, and Ishaan Narain – were part of the Citi team that explored […]
