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GBTC Could See $2.7 Billion Outflow Upon ETF Conversion, JPMorgan Analysts Say
24.11.2023
Source: Pixabay / petre_barlea JPMorgan analysts have reported that the Grayscale Bitcoin Trust (GBTC) could experience outflows of at least $2.7 billion if it is converted into a spot Bitcoin exchange-traded fund (ETF). The report from JPMorgan suggests that traders have been buying GBTC shares...
Singapore’s Blockchain-Powered ADDX Exchange Lists AI-Enabled Equities Funds
24.11.2023
Source: Pexels Singapore’s blockchain-powered private markets exchange, ADDX, has listed a deep-value equity fund managed by Aggregate Asset Management (AAM) to its platform. This fund, which uses machine learning to optimize investment strategy and returns, aims for a compound annual growth...
Glassnode Analysis Reveals Spot Bitcoin ETF Approval Could Unleash $70B Capital Influx
24.11.2023
The approval of a spot bitcoin exchange-traded fund (ETF) in the U.S. could inject substantial new capital into the cryptocurrency market. Glassnode’s latest analysis on the subject provides a deep dive into how spot bitcoin ETFs could reshape market demand and supply, signaling a new...
Wall Street Memes Launch Discord Hack Relief Fund to Compensate Victims of October Cyber Attack
23.11.2023
Friday, November 10, 2023 – Today the team at Wall Street Memes airdropped funds from its Discord Hack Relief Fund to compensate community members who fell victim to fraudsters who briefly took over the WSM Discord server. All compensation claims submitted by November 17 will have the funds...
Grayscale Updates Bitcoin ETF Prospectus After Discussing with SEC
23.11.2023
Grayscale continues efforts to secure regulatory approval for a Bitcoin ETF. Image by Ascannio, Adobe Stock. On Wednesday, digital asset manager Grayscale submitted an updated prospectus to the Securities and Exchange Commission (SEC) for converting its Grayscale Bitcoin Trust into a spot bitcoin...
Crypto Experts are Accumulating This AI Crypto Before it Lists on Exchanges – How Does it Work?
22.11.2023
Crypto experts are accumulating YPRED, an AI crypto token offering trading analytics, ahead of exchange listings. Image by Fareed Mindalano, DALL-E. With cryptocurrency trading ruled by FOMO, FUD, and misinformation, yPredict strives to override the noise by revealing statistical market realities...
Solana Price Prediction as SOL Tops Altcoin Fund Inflow with $13.6 Million Last Week – Is SOL the New Investor Favorite?
22.11.2023
The Solana price has dipped by 3% in the past 24 hours, dropping to $54.67 after Binance’s settlement with the US Department of Justice sent the entire market lower yesterday. SOL is now down by 8.5% in the past week, yet the altcoin remains up by 26% in the past fortnight and by...
SEC Meets with Grayscale to Discuss Spot Bitcoin ETF Listing
22.11.2023
Source: Grayscale The U.S. Securities and Exchange Commission (SEC) has recently held discussions with Grayscale about converting the Grayscale Bitcoin Trust (GBTC) into its spot Bitcoin exchange-traded fund (ETF). A memorandum published by the SEC indicates that officials from the agency’s...
Pantera CEO Foresees Spot Bitcoin ETF Breaking ‘Buy the Rumor, Sell the News’ Cycle
21.11.2023
For many advocates, the green light for a spot bitcoin ETF (exchange-traded fund) signifies a pivotal moment in the progression of digital assets. Pantera Capital’s Dan Moorehead views this evolution not merely as another chapter in the crypto narrative, but as a transformative leap in...
Aragon DAO votes to fund legal action against its founders
21.11.2023
The DAO expressed dissatisfaction with the team’s recent move to dissolve its governing body and shut down its token without consulting the community
Cathie Wood’s Ark Invest and 21Shares Amend Bitcoin Spot ETF Application
20.11.2023
Image Source: iStock Cathie Wood’s Ark Invest has made a recent amendment to its spot Bitcoin exchange-traded fund (ETF) application in collaboration with 21Shares. The amended filing, dated November 20, offers insights into the proposed spot Bitcoin ETF, focusing on critical aspects such...
$100 Billion in TradFi Capital Awaits Imminent Bitcoin ETF Green Light, Says Bloomberg Analysts
20.11.2023
Bloomberg analysts forecast $100 billion ready to invest in a Bitcoin ETF upon SEC approval. Image by Parradee, Adobe Stock. A spot Bitcoin exchange-traded fund (ETF) could rapidly become a $100 billion market, according to new projections by analysts at Bloomberg Intelligence. This prediction...
Taiwanese Crypto Trading Firm Suspends Operations Following $26 Million Hack
20.11.2023
Source: Pixabay / Pete Linforth Taipei-based trading platform, Kronos Research has suffered a cybersecurity breach, leading to a staggering $26 million loss in crypto assets. The hack was first reported by crypto on-chain sleuth ZachXBT, mapping out the fund outflow and confirming its magnitude....
dYdX DEX and YFI Token Hit by $9 Million Targeted Attack – Here’s What Happened
19.11.2023
Image Source: Unsplash Decentralized exchange dYdX has used its insurance fund to cover losses amounting to $9 million resulting from a “targeted attack” against the exchange. In a Saturday post on X (formerly Twitter), the dYdX team said that the v3 insurance fund was deployed...
SEC Postpones Verdict on Global X Spot Bitcoin ETF, Cites Market Manipulation Concerns and Need for Public Insight
18.11.2023
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the Global X Bitcoin Trust’s application to list a spot bitcoin exchange-traded fund (ETF). The delay, announced on November 17, 2023, marks a continued period of uncertainty in the spot bitcoin ETF space. Global...
Global X’s Bitcoin ETF Decision Delayed by SEC, New Deadline Set – Here’s What You Need to Know
18.11.2023
Source: Pixabay /Sergei Tokmakov The US Securities and Exchange Commission (SEC) has postponed its decisions on spot Bitcoin (BTC) exchange-traded fund (ETF) applications submitted by Global X and Franklin Templeton. In a Friday filing, the agency said it expects public comments on Global...
Fidelity Files 19b-4 for Spot Ethereum ETF, Aiming to Boost Investor Protection in Crypto Space
18.11.2023
The asset manager Fidelity has filed a 19b-4 with the Securities and Exchange Commission (SEC) to list a spot ethereum exchange-traded fund (ETF) on the Cboe BZX Exchange. The proposed ETF would hold physical ethereum (ETH) tokens and seek to track the Fidelity Ethereum Index, providing exposure...
IMF Chief Says Central Bank Digital Currencies Can Replace Cash — Urges Public Sector to Prepare for CBDC Deployment
18.11.2023
International Monetary Fund (IMF) Managing Director Kristalina Georgieva says central bank digital currencies (CBDCs) can replace cash. She has urged the public sector to “keep preparing to deploy CBDCs and related payment platforms,” emphasizing that these platforms “should...
Fidelity Follows BlackRock, Files For Spot Ethereum ETF – Where Next for Ether (ETH)?
18.11.2023
Fidelity Investments Office / Source: Adobe Asset management giant Fidelity just filed a 19b-4 with the Chicago Board Options Exchange (CBOE) to set up a spot Ethereum exchange-traded fund (ETF) called the Fidelity Ethereum Trust, just one day after BlackRock filed to set up the iShares Ethereum...
Bitcoin Ordinals Project Taproot Wizards Raises $7.5 Million in Seed Funding
17.11.2023
Source: Adobe / Daniel Krasoń The Bitcoin Ordinals project known as Taproot Wizards has successfully secured $7.5 million in seed funding in a round led by venture capital firm Standard Crypto. Additional contributions in the round came from prominent investors including Geometry, Collider...