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SEC’s Cash Only Restriction for Spot Bitcoin ETF Is Nonsense, Says Vaneck Director
30.12.2023
A director of digital assets strategy at asset management firm Vaneck says the U.S. Securities and Exchange Commission (SEC)’s cash-only requirement for spot bitcoin exchange-traded funds (ETFs) is “nonsense.” He predicted that it would not hold out for long since publicly listed...
Senate Ethics Committee Urged to Investigate Senator Elizabeth Warren on Misleading Crypto Statements
30.12.2023
The CEO of the Chamber of Digital Commerce says the Senate Ethics Committee should launch a full investigation on Senator Elizabeth Warren for making false and misleading statements about crypto. “Senator Elizabeth Warren has misled the American people as well as the U.S. Congress on multiple...
SEC Looks to Enhance Control by Trimming Intermediaries in Spot Bitcoin ETFs: Bloomberg Analyst
29.12.2023
Source: AdobeStock Bloomberg analyst Eric Balchunas has shared insights on the latest requirements imposed by the U.S. Securities and Exchange Commission (SEC) to regulate the involvement of third parties in Spot Bitcoin ETFs through a “cash-create” redemption model. The SEC has set...
Economist Warns the Demise of US Dollar Hegemony Is ‘Really Upon Us’
29.12.2023
Economist Stephanie Pomboy has warned that the “demise of the U.S. hegemony is really upon us,” emphasizing that the Biden administration and many U.S. policymakers in Washington “are just sleeping right through it.” She pointed out that a growing number of nations...
Ark Invest CEO Cathie Wood Expects Spot Bitcoin ETFs to Boost BTC Price ‘Significantly’
29.12.2023
Cathie Wood, CEO of Ark Investment Management, foresees widespread institutional involvement in spot bitcoin exchange-traded funds (ETFs) following anticipated approval by the U.S. Securities and Exchange Commission (SEC). “All we need is for the trillions of dollars in institutional assets...
Peter Schiff Says ‘Big Surprise’ Awaits in 2024 — Warns of Crash, Recession, High Inflation Returning With Vengeance
29.12.2023
Economist Peter Schiff has shared some predictions for 2024. “The big surprise in 2024 will not only be that the economy crashes into recession, but that high inflation returns with a vengeance,” he described. The technicals are breaking down for the U.S. Dollar Index, he added...
Hashdex Launches New Ad Campaign Amid SEC Deliberation on Bitcoin ETF Approvals
28.12.2023
Source: Adobe Stock Hashdex, an asset management firm, has released a new advertisement as the U.S. Securities and Exchange Commission (SEC) is in the process of reviewing applications for the listing of spot Bitcoin exchange-traded funds (ETFs) in the country. On December 28, Hashdex posted...
India’s De-Dollarization Push Flounders as Oil Suppliers Cite Rupee Repatriation Concerns
28.12.2023
The Indian Oil Ministry recently acknowledged that the country’s push to pay for oil with rupees has failed because suppliers are not sure if they will be able to repatriate their funds. The decision is intended to help diminish India’s reliance on the U.S. dollar when settling...
An In-Depth Look Into the 2023 Banking Crisis — 3 of the Largest Bank Failures in US History
28.12.2023
The U.S. economy experienced an interesting year in 2023, marked by unprecedented upheaval within the American banking sector due to the combined collapse of three major banks, the largest the nation has historically seen. Amidst this chaos, crypto assets such as bitcoin demonstrated remarkable...
Hong Kong Regulator Prepares to Approve In-Kind Spot Bitcoin ETFs
28.12.2023
Hong Kong’s financial regulator has published rules for spot bitcoin exchange-traded fund (ETF) issuers, allowing the use of both cash and in-kind creation models. This approach contrasts with the U.S. Securities and Exchange Commission (SEC), which insists on the exclusive use of the cash...
Former SEC Official Warns Spot Bitcoin ETFs Will Create ‘Wall Street Fee-Sucking Scam of Epic Proportions’
28.12.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement has warned that spot bitcoin exchange-traded funds (ETFs) “will create yet another Wall Street fee-sucking investor scam of epic proportions.” In addition, he stressed that it will likely be the most...
Spot BTC ETF Approval Will Encourage More Institutions to Invest in Bitcoin: Cathie Wood
27.12.2023
Source: Ark Invest Instagram In a recent interview with CNBC, Ark Invest CEO Cathie Wood expressed optimism regarding the approval of a spot Bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC). Wood noted that the signs pointing to Bitcoin spot ETF approval...
SEC Sets Deadline for Spot Bitcoin ETF Applicants — 3 Days Left to Update Filings for Early January Decision
27.12.2023
The U.S. Securities and Exchange Commission (SEC) has reportedly set a deadline of Dec. 29 for spot bitcoin ETF applicants to finalize their filing amendments. According to reports, the SEC has told spot bitcoin ETF issuers that applications that are fully updated and filed by this Friday will...
US Lawmaker Spotlights Crypto Bills Approved by House Committee This Year
26.12.2023
U.S. Congressman Tom Emmer has highlighted various crypto bills that passed out of the House Committee on Financial Services this year. Among them is his appropriations amendment barring the U.S. Securities and Exchange Commission (SEC) “from using taxpayer dollars on its abusive crypto...
2023 Marks Bitcoin’s Spirited December Surge: A Glimpse Into Crypto’s Festive Frenzy
25.12.2023
On Nov. 26, Bitcoin.com News highlighted the crypto community’s anticipation and hope for a ‘Bitcoin Santa Claus rally’ to manifest this year. Following the data collected from Dec. 1 to Dec. 24, 2023, the recent increase of 15.93% against the U.S. dollar has been recorded...
Bitcoin Options Open Interest Skyrockets Past $18 Billion as Traders Anticipate SEC ETF Decision
24.12.2023
Bitcoin options open interest has soared to unprecedented levels, surpassing the $18 billion threshold on Dec. 22, 2023. Currently, evidence indicates that bitcoin traders are leveraging bitcoin options to mitigate risk and speculate on the future price trajectories of bitcoin, particularly...
SEC ‘Deeply Regrets’ Errors in Case Against Crypto Firm But Tells Court Sanctions Are Not Warranted
24.12.2023
The U.S. Securities and Exchange Commission (SEC) says that it “deeply regrets” the errors made in the case against crypto firm Debt Box after the court found that the agency made “materially false and misleading representations.” However, the SEC claimed that sanctions are...
Former SEC Official Says Gary Gensler’s Legacy Could Be the Approval of Spot Bitcoin ETF
24.12.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement, a crypto skeptic, now believes that the SEC is likely to approve a spot bitcoin exchange-traded fund (ETF). He further expressed that “the legacy of SEC Chair Gary Gensler could be the approval of a spot...
Blackrock Reveals Plan to Seed Spot Bitcoin ETF With $10 Million on January 3
24.12.2023
Blackrock has revealed a plan to seed its spot bitcoin exchange-traded fund (ETF) with $10 million on Jan. 3. The world’s largest asset manager has engaged in six recent meetings with the U.S. Securities and Exchange Commission (SEC) to address its filing. In response to the SEC’s...
Solana Tops $100 After Monumental 764% Growth This Year
24.12.2023
On Saturday, the smart contract platform Solana’s token, solana (SOL), eclipsed the $100 threshold, achieving a weekly growth exceeding 36% against the U.S. dollar. Throughout the year, investor sentiment toward solana (SOL) has remained overwhelmingly positive, intensifying following...