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Traditional Banking Titans Bank of America and Wells Fargo Look to Offer Bitcoin ETF Access
1.3.2024
Traditional banking giants Bank of America and Wells Fargo are offering eligible wealth management clients access to spot Bitcoin exchange-traded funds (ETFs).
The post Traditional Banking Titans Bank of America and Wells Fargo Look to Offer Bitcoin ETF Access appeared first on Cryptonews
Chamber of Digital Commerce: SEC Actions ‘Pose Separation of Powers and Due Process Concerns’
1.3.2024
The Chamber of Digital Commerce, a Washington-based blockchain advocacy group, has filed an amicus curiae document on the SEC v Payward, Inc. (Kraken) case. The chamber argues that the actions of the SEC pose “separation of powers and due process” concerns and that digital assets...
Blackrock Launching Brazil’s First Bitcoin ETF
1.3.2024
Blackrock is launching Brazil’s first spot bitcoin ETF, the Ishares Bitcoin Trust BDR (IBIT39), on Mar. 1, initially available to qualified investors with plans to eventually open it to retail investors. The ETF aims to provide investors with regulated access to bitcoin and is part...
JPMorgan predicts Bitcoin correction following halving
1.3.2024
Bitcoin has retraced to $61,500 at the time of articulating this piece. That is a fall of 2.50% in the last 24 hours. It briefly touched the milestone of $63,000; however, it is now rallying downward on the chart. An analyst at JPMorgan has predicted that a Bitcoin price correction could happen...
BlackRock to Launch Brazil’s First Bitcoin ETF on March 1
1.3.2024
BlackRock introduces Brazil's first spot Bitcoin ETF iShares Bitcoin Trust BDR (IBIT39), set for launch on the stock exchange B3 on March 1, expanding local crypto investment options.
The post BlackRock to Launch Brazil’s First Bitcoin ETF on March 1 appeared first on Cryptonews
Coin-for-Coin Payback — Gemini Announces Full Recovery of Crypto Assets for Earn Users After Genesis Settlement
1.3.2024
Gemini has reached a settlement with Genesis and other creditors within the Genesis bankruptcy proceedings, promising a full in-kind return of digital assets to Earn program users. This resolution, pending bankruptcy court approval, signifies a major victory for users, with over $1.8 billion...
Bitcoin Bulls Just Joining the Rally Are Very Late to the Party, Analyst Says
1.3.2024
Never before has the RSI been this overbought alongside an above-$60,000 bitcoin price, analysts at The Market Ear explained
Bitcoin Price Prediction: Surge to $61,600 Amid ETF Launches, Is $70,000 Next?
1.3.2024
As Bitcoin ETFs launch, sparking a surge to $61,600, the crypto world buzzes. Could this be Bitcoin's leap towards a $70,000 target?
The post Bitcoin Price Prediction: Surge to $61,600 Amid ETF Launches, Is $70,000 Next? appeared first on Cryptonews
Terraform Labs Founder Do Kwon Faces Extradition Delay in Montenegro Amid SEC Fraud Allegations
1.3.2024
Do Kwon, the embattled former CEO of Terraform Labs, is currently stranded in Montenegro due to extradition delays, following accusations by the U.S. Securities and Exchange Commission (SEC) of conducting a massive fraudulent crypto scheme. Last year, the SEC charged that from April 2018 to...
Grayscale Urges SEC for Spot Bitcoin ETF Options Approval
1.3.2024
Grayscale is calling on the US Securities and Exchange Commission to approve options on its spot Bitcoin exchange-traded fund, aiming to expand access to a broader range of investors.
The post Grayscale Urges SEC for Spot Bitcoin ETF Options Approval appeared first on Cryptonews
Vanguard CEO Tim Buckley to Retire by End of Year
1.3.2024
Asset management firm Vanguard CEO Tim Buckley is retiring by year-end 2024 after leading the firm for six years, and a total of 33 years working at the firm.
The post Vanguard CEO Tim Buckley to Retire by End of Year appeared first on Cryptonews
Ordinals Market Registers Record Sale: Bitcoin Budgie Changes Hands for Over $1.1 Million in BTC
1.3.2024
Leonidas, the pseudonymous founder of Ord.io, an ordinals explorer, has reported one of the biggest sales of inscriptions, the so-called Bitcoin native non-fungible tokens (NFTs), to date. Leonidas stated that the second inscription on the Bitcoin blockchain had been sold for 24.48 BTC (over $1.1...
Michael Novogratz Predicts Bitcoin Correction Before Achieving Historic High
1.3.2024
Galaxy Digital's CEO Michael Novogratz cautions investors of potential downturns in Bitcoin's price rally before it surges to unprecedented levels, signaling a volatile path ahead.
The post Michael Novogratz Predicts Bitcoin Correction Before Achieving Historic High appeared first on Cryptonews
GBTC Sees $600M Outflow Day After Bitcoin ETFs Set Record Net Inflows of $673M
1.3.2024
Grayscale’s spot Bitcoin exchange-traded fund (ETF) (GBTC) has seen a slow trading day experiencing net outflows of almost $600 million on Thursday, making this the second largest outflow day since 11th Jan 2024.
The post GBTC Sees $600M Outflow Day After Bitcoin ETFs Set Record Net Inflows...
Peter Schiff Predicts Bitcoin ETF Bubble — Expects BTC to Crash When Gold Breaks Out
1.3.2024
Gold advocate and vocal bitcoin critic Peter Schiff has warned of a bubble in bitcoin exchange-traded funds (ETFs) that will burst when gold rallies. Schiff argues that gold will “inevitably” break out, and the price of bitcoin will crash as investors withdraw from bitcoin ETFs....
Mad Money Host Jim Cramer Expects Spot Ethereum ETF to ‘Bloom’ Soon
1.3.2024
Jim Cramer, the host of CNBC’s Mad Money show, believes that a spot ethereum exchange-traded fund (ETF) “will soon bloom.” He cited the immense success of spot bitcoin ETFs, which set several records this week, as the reason behind his statement. Jim Cramer on Spot Ethereum...
Top Crypto Gainers Today on DEXTools – MEMEAI, FR33, GPUBot
1.3.2024
As blue-chip cryptocurrencies like Bitcoin (BTC) and Ether (ETH) consolidate close to recent highs as investors digest surging spot Bitcoin ETF demand, highly risk-tolerant traders, often referred to as “degens”, continue to pile into the on-chain shitcoin markets in the hunt for top crypto gainers...
Bank of America Merrill Lynch and Wells Fargo Begin Offering Spot Bitcoin ETFs to Clients, Report
1.3.2024
Bank of America’s Merrill Lynch and Wells Fargo’s wealth management arm have reportedly begun offering some clients access to spot bitcoin exchange-traded funds (ETFs). Other investment platforms that offer some clients access to spot bitcoin ETFs include Fidelity, Charles Schwab, Robinhood...
Report: Election Concerns Halt South Korea’s Crypto and ETF Regulation Ease
1.3.2024
South Korea has delayed its efforts to relax its crypto regulations and the prohibition on spot bitcoin exchange-traded funds (ETFs). This development follows closely behind the People Power Party’s contemplation of removing certain regulations and the ETF ban before the commencement...
Bitcoin Blasting Toward Biggest Monthly Gain in 3 Years
1.3.2024
The cryptocurrency has more room to run, analysts say