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South Korea Regulator Holds Firm Stance Against Crypto ETFs Approval
12.1.2024
Source: AdobeStock While the US has finally approved a decade-long wait for Bitcoin exchange-traded funds (ETFs), South Korea still stands firm in banning BTC ETFs. South Korea’s Financial Services Commission (FSC) said that the launch of virtual currency ETFs is “impossible”...
South Korea Upholds Crypto ETF Ban Amid Country’s Rising Bitcoin Premiums
11.1.2024
South Korea persists in its stance against allowing financial institutions to invest in digital currencies, effectively blocking the launch of any crypto exchange-traded fund (ETF) within its borders. A representative from the Financial Services Commission (FSC) clarified to local journalists that...
Gary Gensler Maintains Stance on Crypto Despite SEC’s Spot Bitcoin ETF Approval
11.1.2024
Source: Adobe / Artsaba Family Securities and Exchange Commission (SEC) Chair Gary Gensler maintains a cautious stance on crypto despite the recent approval of spot Bitcoin exchange-traded funds (ETFs) by the agency he leads. In a statement published on the SEC’s website on the same day as...
RBI Governor Remains Critical of Crypto, Says World Can Not Take Crypto Mania Like Tulip Mania
11.1.2024
Source: X / @FinMinIndia The governor of the Reserve Bank of India, Shaktikanta Das, has reiterated the central bank’s negative stance on crypto. He said that the RBI’s position on cryptocurrency remains unchanged. “Traveling down that path will create huge risks. I don’t think...
“Bitcoin is Topping Out” – Jim Cramer Shifts Stance Within Days
9.1.2024
Jim Cramer. Source: CNBC Financial analyst Jim Cramer says Bitcoin (BTC) is topping out amid recent gains recorded at the start of the year following optimism for the approval of a spot ETF by the Securities and Exchange Commission (SEC). Cramer, the host of CNBC’s Mad Money, speculated on Jan...
Bitcoin ETF Mania and Nigeria’s New Stance on Crypto to Drive the Industry’s Revival in Africa — Experts
30.12.2023
The U.S. Securities and Exchange Commission’s expected approval of bitcoin exchange-traded funds and Nigeria’s lifting of a directive which excluded the crypto industry from the banking ecosystem are expected to help revive African users’ interest in crypto. The Bitcoin halving...
Former Monero Lead Maintainer Calls on Binance to Take a Stance on Privacy Coin Issue
30.12.2023
Ricardo Spagni, the former lead maintainer of Monero, one of the most used privacy coins in the cryptocurrency market, has called on Binance to take a stance on the issue of privacy coins. Spagni stated that avoiding taking sides in the process is a disservice to the whole industry and that...
Bitcoin Price Prediction Amid $42,000 Dip: BlackRock, VanEck ETF Moves & JPMorgan CEO’s Stance
30.12.2023
In the dynamic realm of cryptocurrency, Bitcoin‘s latest market movements have become a focal point of interest. As of Saturday, Bitcoin’s trading value hovers around $42,000, marking a decline of over 1.50%. This fluctuation coincides with significant developments in the investment...
Hong Kong to Become the Next Crypto ETF Hub as BTC ETF Anticipation Continues in US
28.12.2023
Source: Pixabay Hong Kong is poised to become a leading hub for cryptocurrency exchange-traded funds (ETFs), particularly spot Bitcoin (BTC) ETFs, as anticipation grows for the approval of such ETFs in the United States. Industry leaders believe that Hong Kong’s Securities and Futures...
Bitcoin Technical Analysis: Analyzing the Push and Pull of BTC’s Market Forces
27.12.2023
Bitcoin’s current price steadies at $42,750 to $42,964 and an intraday range between $41,820 and $43,192. Despite the fluctuations, the market capitalization holds strong at $841 billion, with a 24-hour trade volume of $25.32 billion. Oscillators sway gently in a neutral stance, while moving...
Seasoned Trader Peter Brandt Challenges Bitcoin Halving Hype Calling It a ‘Whole Lot of Excitement Over Nothing’
21.12.2023
Recently, the seasoned financial analyst and trader Peter Brandt has been increasingly expressive about crypto assets, with a particular focus on bitcoin and ethereum. On Dec. 21, 2023, Brandt reaffirmed his stance regarding the anticipated Bitcoin reward halving set for April 2024. He contends...
Bitcoin Price Prediction as Trading Volume Spikes by 40% – Are Investors Gearing Up for a Major Move?
20.12.2023
As the digital currency market pulsates with energy, Bitcoin price prediction takes the spotlight, riding on a remarkable 40% surge in trading volume. This burgeoning activity begs the question – is the investment community bracing for a seismic shift in Bitcoin’s trajectory? Amidst...
Coinbase CEO Says an Anti-Crypto Stance is a Bad Political Strategy Ahead of 2024
20.12.2023
Source: a video screenshot Coinbase CEO Brian Armstrong has said that an anti-crypto stance will be a bad political strategy for the 2024 elections giving reasons why millions of young people are backing digital assets. In a Dec 19 post on X ( formerly Twitter), the Coinbase Chief Executive listed...
Hashkey Capital Singapore Secures Full Capital Markets Services License From Singapore
20.12.2023
Reflecting Singapore’s progressive stance on digital assets, the Monetary Authority of Singapore (MAS) has awarded Hashkey Capital Singapore a full Capital Markets Services license, enabling the firm to enhance its fund management services and contribute significantly to the burgeoning...
SEC Reversal: Bitcoin ETFs Back in Play as Gensler Reconsiders Stance
15.12.2023
Due to some court rulings not agreeing with the agency’s opinion, the Securities and Exchange Commission (SEC) has been compelled to reconsider its viewpoint regarding the spot bitcoin ETF applications. For some time now, The SEC, working under its head, Gary Gensler, has refused to grant...
Bitcoin Price Prediction: FOMC Optimism & Spot ETF Buzz Lift BTC to $42,750
14.12.2023
The digital currency landscape is abuzz as Bitcoin’s price soars to $42,777, marking a significant 4% increase on Thursday. This rally is buoyed by a wave of optimism following the Federal Reserve’s latest FOMC meeting, which indicated a dovish stance on future rate hikes, and sparked...
Powell’s Fed Policy Criticized: Experts Claim ‘Phony Economy’ and ‘Credibility Destruction’ Post Rate Decision
14.12.2023
The Federal Reserve’s most recent session of the Federal Open Market Committee (FOMC) wrapped up, leaving interest rates as they were. The market, expecting rate reductions in 2024 and influenced by Fed Chair Jerome Powell’s dovish stance, reacted positively. This uplift was evident...
Bitcoin Technical Analysis: Key Indicators Point to a Consolidation Phase
13.12.2023
As of December 13, 2023, bitcoin’s price stands at $41,197, showcasing a dynamic interplay between various technical indicators. The cryptocurrency’s trading journey over the past 24 hours, oscillating between $40,712 and $41,957, highlights a state of cautious optimism among traders....
Hong Kong SFC Flags Potential Crypto Frauds Involving HongKongDAO and BitCuped
6.12.2023
Source: LT/Adobe Hong Kong Securities and Futures Commission (SFC) has issued a warning to the public about potential virtual asset-related frauds involving “HongKongDAO” and “BitCuped.” Collaborating with the Hong Kong Police Force, the SFC has taken decisive action...
Despite DOT’s upswing, traders adopt a skeptical stance
4.12.2023
Polkadot has been on the rise lately. However, the unexpected rise has only put crypto traders on guard. The sudden price surge has resulted in a 6% rise in short positions against DOT. Around 49% of traders had a short position against the crypto a few days ago. Now, the percentage has gone up...