Celsius Targets Former Clients for Funds Withdrawn Before Bankruptcy

Celsius, the once prominent crypto staking, lending, and exchange platform, has taken a bold stance against former clients who withdrew their funds before the company could freeze them. The company, which has now shifted its focus to Bitcoin mining following the approval of its bankruptcy plan, was the first major player in the crypto industry […]

SEC Approves Bitcoin ETFs but Remains Skeptical, Warns Investors

United States Securities and Exchange Commission (SEC) Chair, Gary Gensler, has made it clear that despite the recent approval of 11 spot Bitcoin exchange-traded funds (ETFs), his agency does not endorse Bitcoin. This statement was made on January 10, shortly after the historic approvals.Gensler emphasized the SEC’s skeptical view of the cryptocurrency, highlighting Bitcoin’s “speculative” […]

Grayscale Confirms Bitcoin ETF Approval, Trading Starts Thursday

In a significant development, Grayscale, a prominent player in the US Bitcoin market, has confirmed the approval of a spot Bitcoin ETF. The company has announced that trading will commence from Thursday.Grayscale’s CEO, Michael Sonnenshein, has hailed this development as a “monumental step forward.” The approval of the spot Bitcoin ETF is indeed a significant […]

SEC Approves Bitcoin ETF, Gensler Cautions on Cryptocurrency Volatility

The U.S. Securities and Exchange Commission (SEC) has approved the long-awaited spot Bitcoin ETF, marking a significant shift in the future of Bitcoin in the US financial market. This announcement comes after weeks of speculation and leaks. Gary Gensler, chairman of the SEC, confirmed the approval, stating that despite the rejection of over 20 similar […]

BOE Governor Asserts Bitcoin’s Inefficiency as Payment Method

Bitcoin’s momentum as a payment method is dwindling due to its inefficiency, according to Bank of England (BOE) governor Andrew Bailey. In a recent meeting with the United Kingdom Parliament Treasury Committee, Bailey reiterated his belief that unbacked cryptocurrency lacks intrinsic value.“My own sense is that it’s not taking off as what I might call […]

SEC Approves First Spot Bitcoin ETFs, Market Anticipates Bullish Trend

The U.S. Securities and Exchange Commission (SEC) has officially approved America’s first regulated spot Bitcoin Exchange-Traded Funds (ETFs). This landmark decision was initially marred by a misleading tweet from the SEC’s account, causing market turmoil. However, the approval of 19b-4 applications from firms such as ARK 21Shares, Invesco Galaxy, and others, has now paved the […]

Analysts Predict High Chance of Ethereum ETF Approval in 2024

Following the approval of 11 spot Bitcoin exchange-traded funds (ETFs) on January 10, spot Ether ETFs are expected to receive approval in 2024. Bloomberg ETF analyst Eric Balchunas predicts a 70% chance of approval by May. Balchunas has stated that the fate of Ether spot is closely tied to that of Bitcoin spot, and he […]

US Approves Bitcoin ETFs: What It Means for Crypto Investors

Exchange Traded Products (ETPs) are funds that represent an index, currency, or commodity. There are numerous providers of such products, including Coin Shares, 21 Shares, Seba, Van Eck, and Wisdom Tree. These allow investments not only in Bitcoin but also in other cryptocurrencies such as Cardano, Ethereum, Polkadot, Solana, or a combination of these. Recently, […]

FBI Assists in Investigation of SEC Account Security Breach

The Federal Bureau of Investigation (FBI) has become involved in an investigation into a security breach of the U.S. Security and Exchange Commission’s (SEC) X account, according to a statement from an SEC spokesperson. The spokesperson clarified that the FBI is not investigating the SEC itself, but is instead collaborating with the SEC on the […]