BitMEX co-founder, Arthur Hayes, has published a blog post predicting a specific price correction for Bitcoin following the introduction of the highly anticipated Spot Bitcoin ETF. Introduction: A prominent crypto founder has made a bold prediction, stating that if the US Securities and Exchange Commission (SEC) approves a Bitcoin Exchange-Traded Fund (ETF), it could trigger … Read more
In the latest development, about a dozen Bitcoin spot ETF (exchange-traded fund) applicants have submitted 19b-4 amendment documents. These submissions come with the deadline for the United States Securities and Exchange Commission (SEC) to approve the investment product just days away. Introduction: In a significant development, applicants seeking approval for a Bitcoin Spot ETF have … Read more
In a stern warning to the US Securities and Exchange Commission (SEC), Dennis M. Kelleher, Co-Founder and CEO of Better Markets, a non-profit organization that focuses on advancing public financial interest, has issued a statement vehemently opposing the approval of Bitcoin spot ETFs. This development comes amidst widespread optimism among market analysts that the SEC … Read more
Following the announcement of an automated Shib burn mechanism, speculations have been flying concerning the total number of SHIB tokens slated to be burnt every month in 2024. 9.25 Trillion SHIB Set To Burn Monthly According to a 2022 publication, a Shiba Inu community member, ‘Queenie’ on X (formerly Twitter) created a hypothetical estimation of … Read more
There has been a noticeable surge in transaction activity on the main Ethereum Virtual Machine (EVM) chains as of late. Around 95% of these transactions have inscriptions, according to blockchain analytics tool Etherscan. Ordinals inscriptions have gained favor as a direct means of creating non-fungible tokens (NFTs) on the blockchain by embedding unique data in … Read more
January 11 has been set as the day for the court hearing in the case between Ripple and a class of XRP investors in what has been a long-running legal battle. The outcome of the case is of huge significance as another precedent could be laid for the crypto industry and its stakeholders. In the … Read more
BlackRock, the world’s largest asset manager, is planning to slash its global workforce in the coming days, according to the laest report. This move comes while the firm expects to receive positive news from the US Securities and Exchange Commission (SEC) on its Bitcoin spot exchange-traded fund (ETF). BlackRock is among a host of asset … Read more
This year, the spot Bitcoin ETF approval by the US Securities and Exchange Commission (SEC) is deemed certain by just 39% of financial advisors, according to a recent survey. The survey’s findings demonstrate that financial advisors are generally skeptical of the commission’s decision to approve a spot Bitcoin exchange-traded fund (ETF). There are several reasons … Read more
Despite the recent setback in the price of Solana, which saw a 10% decline to fall below the $100 mark in the first week of the new year, the overall resilience and vitality of its ecosystem remain remarkably robust. This pullback represents a notable retracement from its recent peak of $115 on January 3, prompting … Read more
1. Digital Currency Group (DCG) Repays $700 Million Loan to Genesis Global Capital (GGC) 2. DCG Clears $1 Billion Debt Amidst Crypto Challenges 3. Background on Lawsuit and Negotiations 4. DCG Retains Ownership Stake in Genesis 5. Genesis Bankruptcy and Financial Position
