The approval process for an Ethereum Exchange-Traded Fund (ETF) appears uncertain, especially when compared to the recent launch of a Bitcoin ETF. The Bitcoin ETF launch was not without its challenges, including debates and lawsuits, but the Security and Exchange Commission (SEC) Chair, Gary Gensler, has always referred to Bitcoin as a commodity.However, Gensler’s stance […]
Ethereum (ETH) has seen a significant increase of 11.4%, with whales in the crypto ecosystem playing a major role in this change. Data from the crypto analytics platform Lookonchain reveals that a whale with the wallet address “0xAA15” withdrew a total of 5,762 ETH, equivalent to approximately $15.06 million, from Binance. This whale has purchased […]
The Commodity Futures Trading Commission (CFTC) recently highlighted a significant issue within DeFi systems, namely the lack of clear responsibility and accountability. The report stressed the considerable risks that DeFi systems present to consumers, investors, financial stability, market integrity, and the fight against illicit finance. The main concern is the absence of a robust mechanism […]
BlackRock CEO Larry Fink has expressed optimism for a spot Ethereum exchange-traded fund (ETF) following the successful launch of the company’s Bitcoin ETF product, IBIT. The Bitcoin ETF garnered over $1 billion in trading volume on its first day. Fink’s comments come as BlackRock filed for a spot Ethereum ETF in November 2022, with speculation […]
Renowned investor and Shark Tank personality, Kevin O’Leary, has stirred the Bitcoin community by criticizing the recent approval of Spot Bitcoin ETFs, calling them “practically useless” for institutional investors due to the fees associated with them. Despite this, O’Leary remains optimistic about Bitcoin’s long-term prospects, predicting a significant price surge by 2030.O’Leary’s main issue with […]
BlackRock CEO Larry Fink has recently shared his insights on the future of cryptocurrencies, particularly Bitcoin and Ethereum, and their role in the financial system. Fink, who was previously skeptical about Bitcoin, has acknowledged a significant shift in his viewpoint. He now sees Bitcoin as an alternative source for wealth holding, similar to gold, a […]
Asset management firm Grayscale has been moving large amounts of Bitcoin to various wallet addresses over the past month, according to a recent report. This comes after the United States Securities and Exchange Commission (SEC) approved the firm’s application to convert its Bitcoin trust into a spot exchange-traded fund (ETF). The Grayscale Bitcoin Trust is […]
US Senator Ron Wyden, who also serves as the Chairman of the Senate Finance Committee, has called for an official investigation into the recent hacking of the US Securities and Exchange Commission’s (SEC) X account. The request, co-authored by crypto advocate Cynthia Lummis, also seeks to probe the SEC’s alleged failure to implement the best […]
Bitcoin ETFs have made a historic debut in the U.S., led by Grayscale, BlackRock, and Fidelity, with trading volumes reaching a record-breaking $4 billion on the first day. Despite this, Bitcoin (BTC) prices have struggled to surpass the yearly high of $48,000, causing concern among investors. At the time of writing, BTC has fallen to […]
The Chairman of the United States Securities and Exchange Commission (SEC), Gary Gensler, has confirmed that there is currently no evidence of unauthorized access to SEC systems, data, devices, or other social media accounts. This statement comes in response to a cybersecurity incident involving unauthorized access to the SEC’s @SECGov X account, previously known as […]
