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Digital Asset Investment Products Experience $16 Million Outflows, Breaking 11-Week Inflow Streak
18.12.2023
Source: Adobe / Andy Nowack Digital asset investment products witnessed outflows of $16 million last week, putting an end to an 11-week streak of consecutive inflows. According to the latest report by CoinShares, Bitcoin-based funds bore the brunt of the outflows, with a total of $32.8 million...
Goldman Sachs: Don’t Expect Immediate BTC Spike After Spot Bitcoin ETF Approvals
17.12.2023
Global investment bank Goldman Sachs has advised investors against anticipating a sudden and immediate surge in the price of bitcoin upon the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Nonetheless, Goldman Sachs highlighted that...
Finance Professor Blasts SEC’s Potential Cash-Only Rule for Spot Bitcoin ETFs Citing Benefits of In-Kind Model
16.12.2023
A finance professor at Georgetown University has urged the U.S. Securities and Exchange Commission (SEC) to avoid micromanaging the creation/redemption process for spot bitcoin exchange-traded funds (ETFs). While the SEC proposed the cash creation method, applicants like Blackrock and Fidelity have...
Crypto Market Bolstered By 150% Assets Under Management Surge and Bitcoin’s Market Resilience: Report
15.12.2023
Source: Adobe The digital asset market recorded positive developments throughout the year with significant institutional entries to the market in Q4 2023 as asset prices continue on an upward trajectory. CCData’s Q4 2023 Market Outlook report shows a stronger market sentiment, Bitcoin (BTC)...
Bitwise Unveils 10 Crypto Predictions for 2024: Bitcoin to Surpass $80,000, Spot Bitcoin ETFs Could Capture $72 Billion
15.12.2023
Crypto asset manager Bitwise has unveiled 10 crypto predictions for 2024 that include bitcoin trading over $80,000, setting a new all-time high. The firm also estimates that spot bitcoin exchange-traded funds (ETFs) could capture $72 billion in assets under management. In addition, the asset...
CFTC Proposes New Rule to Strengthen Customer Protections After FTX Collapse
14.12.2023
Source: Pixabay The Commodity Futures Trading Commission has voted on a proposal to introduce a rule aimed at enhancing safeguards for individuals engaging in trades through a derivatives clearing organization. The rule, called the “Protection of clearing member funds held by derivatives clearing...
Early Ethereum Backers Cyber.Fund to Invest $100M in 'Cybernetic Economy'
14.12.2023
Cyber.Fund, which also backed Cosmos, Solana and Polkadot, is focused growing the "cybernetic economy," in which blockchain is the bedrock
3AC’s Su Zhu Examined in Singapore Court as Prosecutors Seek to Recover Creditor’s Assets
13.12.2023
Source: Adobe/Christophe Fouquin Three Arrows Capital’s (3AC) co-founder Su Zhu was probed in a Singapore court for the first time about the company’s collapse as prosecutors intensified efforts to recover funds belonging to creditors. According to a recent Bloomberg report, Zhu will be subject...
Senate Coalition Grows to Crack Down on Crypto’s Use in Illicit Finance
13.12.2023
U.S. Senator Elizabeth Warren’s bill to crack down on crypto’s use in illicit finance has gained more support among lawmakers. “The Treasury Department is making clear that we need new laws to crack down on crypto’s use in enabling terrorist groups, rogue nations, drug lords...
FTX Debtors Challenge IRS Over Whopping $24 Billion Tax Claim
12.12.2023
Source: Adobe / Александр Поташев Debtors of FTX have raised concerns over the Internal Revenue Service’s (IRS) claim of $24 billion in taxes, warning that it could impede the return of customer funds. In a filing submitted on Sunday, the debtors argued that their earnings were nowhere near...
City of Basel Settles Tokenized Bonds Using Wholesale CBDC
12.12.2023
The Swiss city of Basel recently settled a series of tokenized bonds using a wholesale central bank digital currency (WCBDC) as part of Helvetia III, a WCBDC pilot program. The system is designed to prioritize efficiency, as having on-chain funds bypasses the need for reconciling transactions with...
Institutional Investors Maintain Buying Momentum as Crypto Funds Record $43 Million Inflows
11.12.2023
Source: Adobe / Luisa Institutional investors tighten their grip on cryptocurrency funds as the market records $43 million inflows in the last seven days marking an 11th consecutive week in the green zone. A recent CoinShares Digital Asset Fund Flows report shows a sustained bullish sentiment...
Tether Implements New Stablecoin-Freezing Policy After Seizing Funds Tied to OFAC Sanctioned Entities
10.12.2023
Tether, a leading stablecoin company in the crypto industry, has announced a significant new initiative aimed at strengthening the security of the crypto asset ecosystem. The company announced this weekend that its recent move to voluntarily freeze tether-holding wallets linked to the Office...
Vaneck Unveils 15 Crypto Predictions: Spot Bitcoin ETF Approvals, US Recession, BTC’s Historic Rally
10.12.2023
Asset management firm Vaneck has unveiled its 15 crypto predictions for 2024. They include the U.S. recession’s arrival, the approvals of spot bitcoin exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC), and bitcoin’s historic rally, “potentially...
Liz Warren Claims North Korea Funds Half Of Its Nuclear Weapons Program With Crypto – Is It True?
9.12.2023
Source: YouTube/Senator Elizabeth Warren Scathing crypto critic Elizabeth Warren (D-MA) is continuing to sound the alarm on Bitcoin’s role in terrorist financing – though industry figureheads think her claims may once again be exaggerated. In an interview with CNBC’s Squawk Box on Thursday,...
Crypto Whales Are Slowly Accumulating a Hidden AI Crypto Gem – Here’s What You Need to Know
8.12.2023
Crypto whales target the AI crypto Launchpad XYZ before it gains mainstream popularity. Image by Kerem Goktug Kaya, DALL-E 3. Cryptocurrency has minted a new class of ultra-wealthy investors who exert major influence over the volatile digital asset markets. Commonly known as “crypto whales,” these...
Sam Altman-Affiliated Meanwhile Group Introduces Bitcoin Private Credit Fund – Institutional Investment Rising?
8.12.2023
Source: AdobeStock / jirsak Bitcoin life insurance innovator Meanwhile Group, backed by notable figures like Sam Altman and Gradient Ventures, has unveiled a new private credit fund denominated in Bitcoin. The closed fund aims to provide investors with a “conservative” yield in Bitcoin...
Binance Withdraws Application for Abu Dhabi License, Reassessing Compliance Needs
8.12.2023
Source: Pixabay / satheeshsankaran Binance has officially withdrawn its application for a financial license in Abu Dhabi, according to Reuters. This move is indicative of the exchange’s ongoing reassessment of its global operations and licensing requirements. The application, submitted by...
Grayscale CEO Claps Back At Jamie Dimon For Saying Bitcoin Should Be Banned
8.12.2023
Source: Ascannio / Adobe Stock. Bitcoin is here to stay whether big banking executives like Jamie Dimon like it or not, according to Grayscale CEO Michael Sonnhenshein. The executive is the face of the company spearheading the world’s largest Bitcoin (BTC) and Ethereum (ETH) investment funds....
Rewarding Hackers With Bug Bounties ‘Inherently Creates a Moral Hazard’ Says Expert
7.12.2023
Rewarding hackers who agree to return a portion of the stolen funds not only “creates a moral hazard” but potentially “leads to more security breaches,” a Web3 expert has argued. The recent attacks on Kronos and Kyberswap, as well as the subsequent attempts to engage...