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ProShares Bitcoin Strategy ETF (BITO) Surpasses $2 Billion in Assets, Sets All-Time High
10.1.2024
Image Source: Adobe The ProShares Bitcoin Strategy ETF (BITO), an exchange-traded fund focused on Bitcoin (BTC) futures, has amassed over $2 billion in assets, reaching an all-time high. According to data by YCharts, BITO’s assets stood at $2,010,057,946 as of the market close on January...
Two US Senators Ask SEC to Deliver Report to Congress on Breach of X Account
10.1.2024
Source: AdobeStock/ rarrarorro Two United States senators, J.D. Vance and Thom Tillis, have raised concerns about the recent breach of the United States Securities and Exchange Commission’s (SEC) X (formerly Twitter) account. In a letter addressed to SEC Chair Gary Gensler on the same day...
Fee War Intensifies: Bitcoin ETF Issuers Submit Updates Lowering Rates
10.1.2024
Source: Adobe / 24K-Production The spot Bitcoin exchange-traded fund (ETF) competition is heating up as major issuers including Fidelity submitted revisions to lower their fees. According to Bloomberg Intelligence ETF analyst James Seyffart, Fidelity lowered their fees to 0.25% from the previous...
Apple Store Removes Binance and Other Global Exchanges’ Apps in India Amid Wider Crackdown
10.1.2024
Source: Pexels The mobile applications of several global cryptocurrency exchanges, including Binance, Kraken, Mexc, and Kucoin, have disappeared from Apple’s App Store in India. This move comes within two weeks of these exchanges being flagged for operating “illegally” in...
Fox Launches Blockchain-based Open Source Platform with Polygon Labs
10.1.2024
Source: Pixabay The Fox Corporation has partnered with Polygon Labs to unveil the new blockchain-based Verify, an open source platform designed to verify the authenticity of content and track its use across the web. Built on Polygon PoS, the core blockchain infrastructure can transparently prove...
Controversy Arises as Genesis Creditors Challenge DCG’s Claim of Full Debt Repayment
10.1.2024
Genesis Global Source: AdobeStock / Timon Digital Currency Group (DCG) is facing allegations from an ad hoc group of lenders, claiming that DCG has not fulfilled its repayment requirements to its bankrupt subsidiary, Genesis Global. Despite DCG’s recent announcement on X that it had fully...
X Confirms US SEC’s Official Account Was Hacked, No Insider Error Detected
10.1.2024
SEC Chair Gary Gensler. Source: screenshot of a YouTube video / Yahoo Finance The official X account of the U.S. Securities and Exchange Commission (SEC) was compromised when it posted the fake spot Bitcoin ETF approval announcement, X has confirmed. SEC’s Account did not Have a 2FA Set Up Upon...
Ukrainian Central Bank Says ‘Crypto Isn’t Money,’ Vows to Regulate Sector
10.1.2024
Source: Bumble Dee/Adobe The National Bank of Ukraine (NBU) has stated that crypto “is not money,” and has reaffirmed its intention to regulate the sector – using EU law as a benchmark. The comments were made by the First Deputy Governor of the NBU Kateryna Rozhkova in a TV interview with...
South Korean Ex-Police Officer Denies Crypto ‘Bribery’ Charges
10.1.2024
Source: vectorfusionart/Adobe The trial of a former South Korean police officer has begun in Gwangju. The ex-law enforcer denies taking bribes during a suspected crypto fraud investigation. Per the news broadcaster YTN, the former police sergeant is accused of receiving bribes from a crypto...
Bitcoin Price Prediction as Gary Gensler Says Official SEC Account is ‘Compromised’ – What’s Going On?
9.1.2024
Source: DALL·E The Bitcoin price just saw a sudden pump to new yearly highs near $48,000 after the US SEC’s official X account tweeted that spot Bitcoin ETFs had gained approval, for the BTC only to then drop as much as $3,000 to briefly below $45,000 after SEC Chairman Gary Gensler said that...
BitPay Enables Gucci, Movie Ticket, and Mortgage Purchases with BNB, Chainlink
9.1.2024
Source: Kanchanara on Unsplash BitPay, the world’s leading Bitcoin and cryptocurrency payment service, has unveiled an enhanced payment experience for its crypto customers, which is set to roll out this week. According to a blog post released on January 9, Bitpay will support dozens of...
El Salvador’s Bitcoin Investment Yields $12.6 Million in Unrealized Gains Ahead of Bitcoin ETF Decision
9.1.2024
Source: AdobeStock/ MMollaretti El Salvador’s Bitcoin (BTC) portfolio of 2,798 tokens has yielded an unrealized profit of $12.6 million, and there are no plans to sell. El Salvador is sitting on $12.6 million in unrealized profits on its bitcoin (BTC) investment after being in the red for...
SEC Chair Gensler Issues Second Warning Ahead of Impending Spot Bitcoin ETF Verdict
9.1.2024
Source: Getty Images The Securities and Exchange Commission (SEC) chairman, Gary Gensler, is stirring feathers in the crypto space with his latest online post. In a tweet on X (formerly Twitter) posted on Tuesday, Gensler advised investors engaging with crypto assets to exercise caution and employ...
CEOs of Spot Bitcoin ETF Hopefuls Expect Trading to Begin Thursday
9.1.2024
Source: Adobe Stock Two CEOs of spot Bitcoin ETF applicants have come forward to state that they believe their firms’ ETFs should start trading on Thursday, according to recent media appearances made by the crypto executives. Thursday morning trading for spot Bitcoin ETFs? When asked whether...
Spaceship Carrying Physical Bitcoin to the Moon Launches, Quickly Runs Into Issues
9.1.2024
Source: Pixabay Crypto derivatives exchange BitMEX has announced the launch of Vulcan Centaur, a lunar rocket carrying a crypto wallet containing one physical Bitcoin. The spaceship launched from the Cape Canaveral Space Force Station in Florida at approximately 2:18am Eastern Time on Monday and...
CFTC Committee Recommends Enhanced Understanding and Regulation of DeFi
9.1.2024
CFTC building. Source: Adobe / JHVEPhoto The Technology Advisory Committee of the US Commodity Futures Trading Commission (CFTC) has taken a significant step in addressing the challenges posed by decentralized finance (DeFi) by voting to submit a report urging the government and industry...
Spot Bitcoin ETF Bidding War Heats Up as Applicants Drop Proposed Management Fees Ahead of Expected SEC Approvals – Where Next for the BTC Price?
9.1.2024
Bitcoin (BTC) Token on a Laptop / Source: Adobe Various ETF providers are dropping the management fee they plan to charge investors who buy their spot Bitcoin ETFs, as a bidding war heats up ahead of the expected approvals by Wednesday. Up to 13 ETF providers may be given the green light to launch...
Bitcoin Price Marks First-Ever “Golden Cross” During ETF Hype
9.1.2024
Source: Adobe / A.AKS Bitcoin (BTC) just flashed an ultra-bullish technical indicator called the “golden cross” for the first time ever on its weekly price chart. A golden cross occurs when a short-term moving average of an asset’s price crosses above a long-term moving average. Market participants...
Key Price Drivers for Bitcoin This Month + More Crypto News
9.1.2024
Source: AdobeStock / Vitor Miranda Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In this edition: Key Price Drivers for Bitcoin This Month CoinTracking Crypto News Today: Crypto Tax Tool for UK Investors Launched...
Blockchain Association Addresses Sen. Warren’s Criticism of Crypto Hires
9.1.2024
Source: Pixabay The Blockchain Association has published a public response to Senator Elizabeth Warren’s criticism of the crypto industry’s hiring of former government officials. In an open letter published on January 9th, Blockchain Association CEO Kristin Smith addressed Sen. Warren’s previous...