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RBI Chief: Crypto Threatens Rupee Stability, Urges Investors to Be Cautious
20.1.2024
The head of India’s central bank, the Reserve Bank of India (RBI), has warned of significant risks associated with cryptocurrencies, particularly for emerging market economies. “It can impact your financial stability, currency stability, and monetary system,” RBI Governor...
Can CoinDepo Service Compete with Binance Simple Earn and Nexo Earn?
20.1.2024
CoinDepo emerged as one of the latest and most promising additions to the decentralized finance sector. Can it compete with established champions such as Binance Simple Earn and Nexo Earn Interest products? It absolutely can, but let’s see how. CoinDepo is a newer provider of decentralized...
Bitcoin Could See a “Nice Slug” of Gold’s Trillion-Dollar Asset Value, Cathie Wood Says
19.1.2024
ARK Investment Management CEO Cathie Wood believes Bitcoin (BTC) could soon be nearly as valuable as gold, according to a recent interview she conducted with Brazilian financial markets information firm, InfoMoney. As good as gold? “Gold is a trillion-dollar asset out there, and we do believe...
Bit.Store Unveils Comprehensive B2B Offerings, Empowering Crypto Projects with Custom Solutions
19.1.2024
PRESS RELEASE. [VILNIUS, Lithuania, Jan. 19, 2024] BitStore is making significant strides in the cryptocurrency card sector, offering a suite of services that blend traditional financial ease with the cutting-edge world of digital currencies tailor made for projects or brands. Our card services...
Immediate Innovault Review – Scam or Legitimate Trading Software
19.1.2024
Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content Traders frequently cease trading due to substantial losses resulting from a lack of education in financial markets. Immediate Innovault purports to address this issue, serving as a platform...
Hong Kong Financial Services Firm Unveils Plans to Launch Region’s Premier Spot Bitcoin ETF
19.1.2024
Source: AdobeStock Hong Kong-based Venture Smart Financial Holdings Limited (VSFG) is gearing up to seek approval from the Securities and Futures Commission (SFC) for the introduction of a Bitcoin spot exchange-traded fund (ETF). JUST IN: HONG KONG'S VSFG PLANS TO LAUNCH SPOT #BITCOIN ETF IN...
In Search of Financial Freedom: The Answer Lies With Bitcoin, Not Stablecoins
19.1.2024
3 Best Cryptos To Buy for a Gold and Commodities Portfolio in 2024
19.1.2024
Best cryptos to buy like Bitcoin, Tether Gold, and Bitcoin Minetrix stand out as potential portfolio additions in 2024 as digital assets are becoming mainstream. Image by Kerem Goktug Kaya, DALL-E 3. The digital asset market has seen astronomical growth over the past few years, with...
US Treasury Urges Swift Crypto Regulation to Prevent Future Crises
19.1.2024
A high-ranking official at the US Treasury has called upon lawmakers to take immediate action concerning crypto regulation to avert any potential future financial crises preemptively. Graham Steele, the Treasury Assistant Secretary for Financial Institutions, argued that the world of crypto offers...
South Korea urges financial regulator to reassess Spot Bitcoin ETF
19.1.2024
Spot Bitcoin ETF applications have seen the light at the end of the tunnel in the US. The US SEC gave a green light last week, paving the way for ETFs of other crypto tokens. Talks are buzzing around town that Ether ETF could be the next offering, triggering the likes of BlackRock to make …
Circle CEO Jeremy Allaire at Davos Tokenization Panel: ‘It’s Coming on in a Significant Way’
19.1.2024
Jeremy Allaire, CEO of Circle, the stablecoin company, stated that tokenization adoption will keep growing after the spot Bitcoin ETF approval and the endorsement of Blackrock. He believes that financial companies might be issuing tokenized versions of their assets this year and criticized...
Bitcoin Price Prediction: BTC Plunges to $41,000; Fidelity ETF Delays Amid CBDC Threat
19.1.2024
In a dynamic turn of events, Bitcoin’s price plummeted to $40,930, marking a significant nearly 4% decrease as of Friday. This downturn comes amid a broader context of financial uncertainty, where the US Dollar is poised for a consecutive weekly rise due to subdued expectations for interest...
Gary Gensler Warns about AI’s Impact to Financial Systems, Doesn’t Touch on Cryptocurrency
18.1.2024
Securities and Exchange Commission (SEC) Chair Gary Gensler has previously warned that artificial intelligence (AI) could lead to the next financial crisis. Gensler once again elaborated on this topic during a virtual fireside chat hosted by the non-profit advocacy organization Public Citizen...
Crypto for Advisors: The Regulators are Here
18.1.2024
As the crypto industry matures, regulators have indicated they will continue to focus on crypto after the spot bitcoin ETF approvals
Tokenized Funds Skyrocketed to $800M Value in 2023, Sparked By US Treasury Tokenization: Moody’s
18.1.2024
The growing trend of tokenizing traditional assets has caught the attention of legacy financial institutions. According to a recent report by Moody’s, a leading investment risk assessment firm, the value of tokenized funds has surged from $100 million at the beginning of 2023 to approximately...
Grayscale Bitcoin ETF Liquidity Partner Flowdesk Raises $50 Million in Series B
18.1.2024
French crypto financial services firm Flowdesk has successfully raised $50 million in a Series B funding round led by Cathay Innovation. The funding round includes participation from Cathay Ledger Fund, Eurazeo, ISAI, Speedinvest, BPI, and Ripple, as per a statement shared with Cryptonews....
EU Tightens Crypto Regulations with Provisional AML Agreement
18.1.2024
The European Union has provisionally agreed on new anti-money laundering (AML) regulations specifically targeting the crypto sector. According to a press release published by the European Council, the provisional agreement reached by Council and the Parliament focuses on enhancing measures...
Bitcoin Price Prediction: BTC at $42,700 Amid $1B ETF Inflows and Texas Hash Rate Drop
18.1.2024
In today’s financial landscape, the Bitcoin price prediction becomes increasingly significant as BTC trades at $42,700, marking a 0.75% decrease on Thursday. This trend occurs amidst a surge in market activity, highlighted by nearly $1 billion inflows into Bitcoin ETFs over just three days....
NYSE’s Strategic Move — Bitcoin ETF Options Poised to Boost Market Dynamics
17.1.2024
In a groundbreaking move, NYSE Arca Inc. has submitted a proposal to amend its rules to enable options trading on commodity-based trust shares, specifically targeting bitcoin-based ETFs. This initiative, detailed in the 19b-4 filing with the SEC, marks a significant advancement in the financial...
Revealed: Key Recommendations from US GAO to SEC on Spot Bitcoin ETF
17.1.2024
Source: AdobeStock The landmark announcement of a spot Bitcoin exchange-traded fund (ETF) approval has significantly impacted the financial landscape. While the market sentiment has been predominantly positive, a recent revelation shows that the US Government Accountability Office (GAO) had a...