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Gary Gensler clarifies crypto stance post-Bitcoin ETF approval
15.2.2024
Gary Gensler, the SEC Chair, recently interacted with the media and clarified the Commission’s stance concerning Bitcoin and other cryptocurrencies. For reference, Spot Bitcoin ETF applications were approved on January 10, 2024, sparking speculation that more crypto ETFs would make their...
Gensler Hesitates on Ethereum ETFs, Cites Court Loss as Reason for Bitcoin ETF Approval
15.2.2024
Securities and Exchange Commission (SEC) Chair Gary Gensler has remained tight-lipped regarding spot Ethereum (ETH) exchange-traded funds (ETFs). When questioned about the possibility of a decision and the timeline for approval, Gensler said that the process would follow the same approach...
CME Trading Volume Reached Highest in 3 Years After Bitcoin ETF Approval
7.2.2024
The total derivatives trading volume on CME rose 35% in January to $94.9 billion, the highest since October 2021
Global X Exits the Spot Bitcoin ETF Approval Race
31.1.2024
ETF provider Global X, has pulled its application for a spot Bitcoin ETF, an SEC filing on Tuesday showed. The CBOE BZX Exchange submitted a withdrawal notice for the Global X Bitcoin Trust on Jan. 26, around two weeks after the SEC approved 11 other spot Bitcoin ETFs. Securing approval for these...
Biggest Crypto Gainers Today on Uniswap – XTP, DOGE-1, BARL
30.1.2024
Source: AdobeStock $XTP, $DOGE-1 and $BARL are the biggest crypto gainers today on Uniswap as the broader cryptocurrency market rallies on waning pessimism about post-spot Bitcoin ETF approval sell pressure from major market players such as Grayscale. As per Grayscale’s website, the Grayscale...
In the Future All Crypto Exchanges Will Become Decentralized – Justin Sun, Founder of Tron and Advisor to HTX
26.1.2024
In our latest podcast episode, we were delighted to host Justin Sun, the founder of Tron and advisor to HTX. Justin offered his valuable insights on a variety of topics. He began with discussing the implications of the US Bitcoin ETF approval on the crypto industry. The conversation then moved...
Bitcoin Price Drops Below $39k as Total Liquidation Reaches $320 Million in 24hrs
23.1.2024
Source: Pixabay Bitcoin (BTC) is facing another wave of volatility falling below the $39,000 mark on Tuesday, a 4.33% slump in the past 24 hours. The largest crypto by market cap is currently trading at $38,955 at press time. Bitcoin price has dropped slightly over 9% in the weekly charts and...
Bitcoin ETFs Gain Momentum in Asia Post U.S. Approval
23.1.2024
As the first Bitcoin spot price exchange-traded funds receive historic approval in the United States, Asian industry leaders, particularly in Hong Kong, are actively exploring similar crypto products. BitGo’s APAC Director Abel Seow told Cryptonews that they are witnessing an increased interest...
Bitcoin Price Plunges Below $40,000, Down Nearly 20% From Post-ETF Launch Highs – Here’s How Low the BTC Bears Could Bury the Price
22.1.2024
The Bitcoin (BTC) price just plunged below $40,000 for the first time since early December, taking its pullback from post-spot Bitcoin ETF approval highs above $49,000 to nearly 20%. Having shed over 3.5% since the start of the day, the BTC price was last changing hands just above $40,000. Reports...
Tokenization is a “New Financial World” – Is Larry Fink Right?
22.1.2024
The much-anticipated Bitcoin ETF approval on January 11 has set the crypto media alight. Still, despite some early signals of bullish action, the markets didn’t respond with quite the same enthusiasm, with BTC trading down 8% in the days immediately following the news. However, short-term movements...
Bitcoin Bears Eye Break Below $40K – Here’s How Low the BTC Price Could Go
19.1.2024
Image Source: Adobe Bitcoin bears are eyeing a potential break below the psychologically important $40,000 level as post-spot Bitcoin ETF approval sell pressure ramps up and macro headwinds rise. The Bitcoin (BTC) price dipped as low as the $40,200s on Friday, though has since rebounded towards...
Expert Opinions: Massive Inflows to Follow Spot Bitcoin ETF Approval, Bull Market Questionable
19.1.2024
Talking with Cryptonews, three experts have shared their views on spot Bitcoin ETFs trading volumes. They discussed the initial price drop post-approval, how the US Fed and presidential election could affect the market, BlackRock’s marketing approach, the benefits and downsides of the new product...
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...
South Korean Presidential Office Suggests Reevaluation of Bitcoin ETF Approval
19.1.2024
South Korea‘s Presidential Office has recently proposed reconsideration for the approval of a local spot Bitcoin exchange-traded fund (ETF). According to reports from Maeil Business, the suggestion for reevaluating the spot Bitcoin ETF comes from Sung Tae-yoon, the Chief of Staff for Policy...
Bitcoin ETF Approval Has Failed Investors, Says Bloomberg + More Crypto News
18.1.2024
Source: AdobeStock / MMollaretti 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: Bitcoin ETF Approval Has Failed Investors, Says Bloomberg Reddit Mentions May Help Predict Crypto Price Changes...
Spot Bitcoin ETF Approval Was a Sell-the-News Event: CryptoQuant
18.1.2024
It has been a whole week since the U.S. Securities and Exchange Commission (SEC) approved Spot Bitcoin exchange-traded funds (ETFs) and unsurprisingly this has been a “sell-the-news” type of event. Many cryptocurrency traders decided to use this event as the perfect opportunity to sell...
Ethereum Soars Over 11% Above $2,530, Institutional Products Attract $55 Million This Year
17.1.2024
The Ethereum (ETH) price has surged over 11% in 2024, continuing a steady growth cycle from December 2023 as it marks a weekly rise in institutional inflows to investment products. Ethereum trades hands at $2,537 at the time of writing after marking a 5.37% growth in the last seven days and...
Cryptos Are “Not Exactly Money”: IMF Chief Kristalina Georgieva
16.1.2024
Source: AdobeStock / Kristina Blokhin Kristalina Georgieva, managing director of the International Monetary Fund (IMF), does not see cryptos anywhere near the Dollar in stature. Despite the US SEC’s recent green light to a total of 11 spot Bitcoin exchange-traded funds (ETFs), Georgieva...
SEC Chair Gary Gensler Sees Irony in Spot Bitcoin ETF Approval — ‘This Was About Centralization’
16.1.2024
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler sees irony in the approval of spot bitcoin exchange-traded funds (ETFs). “This was about centralization and traditional means of finance,” said Gensler, warning: “Investors should be aware that this underlying asset...
JP Morgan: Bitcoin ETFs Could See $25 Billion Inflows From Existing Products Without Fresh Capital
15.1.2024
Source: AdobeStock / Alexey Novikov Banking giant JP Morgan projects a huge inflow into spot Bitcoin ETFs from other cryptocurrency-related products even without new capital from the wider financial market. JP Morgan Market Trends Report Highlights Inflows Following Bitcoin ETF Approval In a recent...