SEC Chair Gary Gensler has labeled the approval of Bitcoin ETFs as ‘ironic’ due to their centralized nature, which contradicts the decentralized vision of Bitcoin’s creator, Satoshi Nakamoto. In a recent interview on CNBC’s “Squawk Box”, Gensler delved into the reasons behind the SEC’s approval of these ETFs and addressed concerns raised by Senator Elizabeth […]
Asset management giant Vanguard, despite its public distancing from the cryptocurrency market, has significant exposure to Bitcoin through its large stake in MicroStrategy (MSTR). As per Yahoo Finance data, Vanguard Group is the second-largest institutional shareholder in MicroStrategy, holding over 1,126 million MSTR stocks, which equates to 8.24% of ownership as of September 2023.MicroStrategy’s stock […]
Robinhood, a leading trading platform, has introduced spot Bitcoin exchange-traded fund (ETF) trading for its US customers. This development is part of the company’s continuous efforts to offer more investment options and simplify access to financial markets.The Robinhood Crypto app now supports trading for 11 spot Bitcoin ETFs, recently approved by the Securities and Exchange […]
Robinhood, a leading trading platform, has introduced spot Bitcoin exchange-traded fund (ETF) trading for its US customers. This development is a part of Robinhood’s continuous efforts to offer more investment options and simplify access to financial markets.The Robinhood Crypto app now supports trading for 11 spot Bitcoin ETFs, recently approved by the Securities and Exchange […]
In a surprising turn of events, Binance Coin (BNB) has slipped to the 13th position in the liquidity race in Q4 2023, despite being the third-largest cryptocurrency by market capitalization. This development has raised questions about its overall liquidity. The data, released by Kaiko on January 11, shows that Bitcoin (BTC), Ethereum (ETH), XRP, and […]
In the evolving landscape of post-spot Bitcoin ETF (Exchange Traded Fund), industry players are strategizing to gain a competitive edge. These strategies are either aimed at capturing direct market share or using an indirect approach.Asset manager CoinShares has made a significant move to strengthen its position in the U.S. market by announcing its decision to […]
The Monetary Authority of Singapore (MAS) is set to receive expanded powers under a new bill currently before the country’s parliament. This could have a significant impact on cryptocurrency firms. The Financial Institutions (Miscellaneous Amendments) Bill 2024 aims to expand MAS’ powers to issue directions to capital markets services licence holders (CMSL holders) that conduct […]
Increasing numbers of U.S. Congress members are urging the Securities and Exchange Commission (SEC) to provide details on a hack that led to a false announcement being posted on X (formerly Twitter) about the approval of a spot Bitcoin exchange-traded fund. Senators Ron Wyden and Cynthia Lummis, in a letter dated January 11, called on […]
In a significant development, Genesis, a prominent player in the cryptocurrency industry, has been compelled to forfeit its BitLicense. This drastic measure comes as a result of a lawsuit filed by the New York Department of Financial Services (NYDFS). In addition to relinquishing its BitLicense, Genesis has also been mandated to pay a hefty sum […]
Crypto analyst Michaël Van De Poppe has made a bullish prediction for the Ethereum price against Bitcoin in the near future. He noted that the price action on the ETH/BTC pair for the upcoming months will be influenced by spot Bitcoin ETFs, with a rotation into ETH also predicted.Van De Poppe shared a chart of […]
