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Spot Bitcoin ETFs Approved: Here’s How Crypto Executives Reacted
11.1.2024
The US Securities and Exchange Commission (SEC) has finally approved a range of spot Bitcoin (BTC) exchange-traded fund (ETF) applications. The decision comes more than a decade after the initial filing for a crypto-based ETF, a financial product designed to track the performance of various assets...
US Spot Bitcoin ETF Approved, UK Unlikely to Follow Suit
11.1.2024
Over the years, the FCA has repeatedly flagged concerns about the extreme volatility of crypto assets It’s a historic moment for the cryptocurrency market as the US Securities and Exchange Commission (SEC) finally approved eleven spot Bitcoin ETFs. Crypto enthusiasts around the world are looking...
Amid Bitcoin ETF Fee War, Grayscale Stands Its Ground With Priciest Product
9.1.2024
Valkyrie, Invesco and Bitwise lowered their fees further just hours after all rivals finally revealed their fee plans
Spot Bitcoin ETF Issuers in Fee War Ahead of Possible SEC Approval
9.1.2024
Source: Pixabay Spot Bitcoin exchange-traded fund (ETF) fee war has commenced before the US Securities and Exchange Commission (SEC) has even approved the product. Spot Bitcoin ETF fees are as follows: Ark is charging: 0.25%, Bitwise fees: 0.24%, BlackRock iShares is keeping its fees high...
Former Citi Executives Launch New Bitcoin Product That Bypasses SEC Approval
7.1.2024
A group of former Citigroup executives has introduced a new product called bitcoin depository receipts. They explained that this crypto product does not need to be registered with the U.S. Securities and Exchange Commission (SEC). The new offering aims to be a “complementary” product...
Reports State at Least $1.7B Was Lost in Hacks and Exploits During 2023
29.12.2023
Several reports that have recently surfaced have revealed the extent of losses that crypto platforms and users faced during 2023 as a product of exploits and hacks. TRM Labs’ latest report states that the number ascended to $1.7 billion, while De.fi, another Web3 security firm, states that...
Bitget announces the launch of the Spot auto-invest+ product
28.12.2023
Bitget recently announced the launch of its latest product, Spot auto-invest+. The announcement was made on the official website of Bitget. The post read that Bitget will offer users an improved financial investment experience. Thus, users can now witness automatic investment with Earn Boost...
Grayscale Adopts Cash Model for Spot Bitcoin ETF but Warns of ‘Adverse Consequences’
28.12.2023
Grayscale Investments has adopted the cash creation model, instead of the in-kind model, for its proposed spot bitcoin exchange-traded fund (ETF). However, the crypto asset manager warned of adverse consequences. “A spot commodity exchange-traded product that only employs cash creations...
Is Helium Going to Zero? HNT Price Drops 5% While New Mining Project Reaches $5.6 Million Milestone
21.12.2023
Helium Network – the leading decentralized internet of things provider – has undertaken a sudden -5% HNT price drop as price retraces from break-out footing, leaving some traders asking ‘is Helium going to zero?’. This comes amid sensational market hype around...
Kamino to work with Meteora on multiple product integrations
18.12.2023
Kamino Finance recently announced a partnership with Meteora. The collaboration will see the parties exploring a bunch of product integrations. The partnership was announced on Kamino Finance’s official X/Twitter channel. The thread of tweets stated that the parties would start exploring...
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...
Coinbase Reveals ‘Project Diamond’ Initiative, Targets Institutions Issuing Native Digital Assets
15.12.2023
Coinbase, the largest U.S.-based crypto exchange, has revealed Project Diamond, an initiative that seeks to provide the tools for institutions to issue native digital assets. The project, which integrates several technologies, including Coinbase’s layer 2 product Base, the USDC stablecoin...
Coinbase International Exchange Launching Spot Crypto Trading
15.12.2023
Coinbase International is launching spot crypto trading for non-U.S. customers. “The launch and expansion of spot trading on Coinbase International Exchange will occur over several phases,” Coinbase detailed. “Our primary focus at the outset will be to build liquidity...
Russian Ministry of Finance Proposes Exporting Cryptocurrencies as a Commodity, akin to Natural Gas
14.12.2023
Source: Pixabay The Russian Ministry of Finance has presented the idea of exporting cryptocurrencies as a product of mining activities. The move is intended to position digital currencies on an equal footing with traditional exports, such as natural gas, potentially reshaping the landscape of...
Cardano Foundation Launches Identity Wallet For Seamless Interaction With DApps
13.12.2023
Source: AdobeStock / RareStock Swiss-based Cardano Foundation, the non-profit organization created to promote the Cardano blockchain ecosystem, is introducing a new digital Identity Wallet. The new product is compatible with the World Wide Web Consortium (W3C), an international standards...
Google Ad Change Policy Specifically Targets Cryptocurrency Coin Trusts – Here’s the Latest
11.12.2023
Source: Pixabay Silicon Valley tech giant Google is updating its crypto ad policy to improve its advertising standards, effective January 29, 2024. The revision, specifically, targets Cryptocurrency Coin Trusts – a financial product allowing investors to trade in trusts holding large cryptocurrency...
Zodia Custody Launches New Product to Facilitate Crypto Transfers and Trade Settlements for Institutional Investors
7.12.2023
Image Source: Pixabay Zodia Custody, a crypto custody firm backed by Standard Chartered, has announced the launch of a new product intended to facilitate seamless crypto transfers for institutional investors. Dubbed “Interchange Connect,” the offering aims to create a “network...
21Shares COO Departs, CEO Hany Rashwan Reassures Firm Has Transition Plan
7.12.2023
Source: Nasdaq / Instagram Switzerland-based exchange traded product (ETP) firm 21Shares has confirmed its chief operating officer Lucy Reynolds, has left the firm. Before joining 21Shares Reynolds was head of product management at WisdomTree and joined 21Shares in 2020 – Reynolds was unavailable...
Shopify COO: Expect Surprising Progress in Our Crypto Implementation
4.12.2023
Source: Adobe / boumenjapet People will be surprised by the fast progress being made with crypto implementations at e-commerce platform Shopify, according to a senior executive at the company. Writing on social media platform X on Sunday, Kaz Najatian, Vice President of Product and Chief Operating...
Financial Advisors Are Waiting for Spot Bitcoin ETFs to Offer Clients, Says Ric Edelman
3.12.2023
Edelman Financial Services founder Ric Edelman has explained that financial advisors are waiting for the U.S. Securities and Exchange Commission (SEC) to approve spot bitcoin exchange-traded funds (ETFs) so that they can offer these investment products to their clients. “Every compliance...