This Thursday, 11 January debut follows a day after the SEC approved direct investing in bitcoin. In total, the regulator approved 11 ETFs, steered by financial wealth managers such as BlackRock Inc. (BLK), Fidelity Investments (FBTC), and the Grayscale Bitcoin Trust (BTC). Bloomberg reports that approximately $4.6bn did the rounds after a fierce first day…
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This authorisation opens the doors for investing in the globally dominant cryptocurrency without having to own a single bitcoin. The approved filing contains ETFs from issuers such as BlackRock (BLK), ARK Invest (ARKK), VanEck, Fidelity, and Grayscale (GBTC), which received the go-ahead to uplist GBTC on the NYSE. Don’t miss out the latest news, subscribe…
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Starting today, cryptocurrency investors will have to declare which type of investments they action and answer questions on a variety of financial services and regulations if they wish to keep on trading on these platforms. On this declaration, users must choose an investor profile, which is either high net-worth above £100,000, more than £250,000, or…
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Initially, this firm traced losses of roughly 211.9 ETH or $469,000. Later, it was discovered that the attacker already transferred $2.2m to Tornado Cash, a crypto tumbler. Experts stated a critical vulnerability in the accounting system of the Gamma Protocol opened the doors for theft as it allowed the attacker to withdraw large amounts of…
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By becoming authorised participants, JPMorgan and Goldman Sachs would have the ability to create and redeem shares, adding to the stability of liquid maintenance. An impressive benefit would also be the ability to align ETF share prices with each firm’s underlying assets, and, as global giants, this would benefit all parties involved. Don’t miss out…
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The Financial Intelligence Unit India (FIU IND) said it has written to the Ministry of Electronics and Information Technology in the country to block the URLs of the nine entities it states are "operating illegally without complying with the provisions of PML Act in India." The cryptocurrency exchanges on the notices are Binance, Kraken, Bitfinex,…
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André Dragosch, head of research at ETC Group, predicted that ether will outperform all other ETFs during 2024, specifically overtaking its ultimate rival, Bitcoin (BTC). Dragosch also noted that ether will able to reserve the underperformance it has seen this year with a new deflationary burn mechanism launched in August 2021, Improvement Proposal EIP-1559. The…
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The strategic plan of Bitget Wallet is expansive, covering a wide array of services specifically tailored to the Bitcoin ecosystem. Platform users can look forward to robust BTC asset management, seamless cross-chain swaps, support for both EOA and MPC wallets, compatibility with Taproot, and efficient asset transfers for BRC-20 tokens and NFTs. Additionally, Bitget Wallet…
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As reported by Coindesk, based on court documents released on Tuesday, the judge handling the case did not provide Kwon an opportunity to express his views on the U.S. extradition request. This step is a compulsory procedure under the law. Kwon's legal team successfully appealed based on this error, resulting in the case being sent…
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The updated policy is applicable worldwide, and Google expects advertisers to adhere to the legal requirements in their targeted areas. To advertise cryptocurrency coin trusts, entities must be certified by Google, holding the necessary licenses and fulfilling all legal obligations in their target regions. Google's current policy permits certain types of cryptocurrency advertisements but excludes…
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