© Reuters In a recent interview on CoinBureau, venture capitalist Tim Draper’s comments on the potential of bitcoin-based applications and his repeated prediction of Bitcoin reaching $250,000 by 2025 led to a significant increase in the price of Stacks (STX). The cryptocurrency jumped 28% after the interview, underscoring investor enthusiasm around Bitcoin’s expanding ecosystem. Draper, […]
© Reuters. BlackRock and ARK Invest have adjusted their strategies for proposed exchange-traded funds (ETFs), in line with the U.S. Securities and Exchange Commission’s (SEC) preference for such transactions. cash translation. The firms have updated their filings to reflect a cash-only model for the creation and redemption of the proposed ETFs. The move to a […]
© Shutterstock Michael Saylor, executive chairman of MicroStrategy, projects significant growth in value by 2024. This forecast is based on two major upcoming events: the expected approval of Exchange Traded Funds (ETFs). ) Bitcoin spot delivery on January 10, 2024 and the Bitcoin halving event scheduled for April. The latter will reduce the number of […]
© Reuters. Coinbase (NASDAQ:), a major cryptocurrency exchange, has expanded its trading services by integrating direct trading of regulated (ETH) and (ETH) futures contracts on the platform Trading Technology (TT). The move, announced on Tuesday, marks a significant expansion of Coinbase’s services to institutional and professional traders, who will benefit from sophisticated trading tools like […]
© Reuters Grayscale Investments CEO Michael Sonnenshein has shared his optimism about the prospects of the US Securities and Exchange Commission (SEC) approving a Bitcoin exchange-traded fund (ETF) in the spot market. In a recent interview with CNBC, Sonnenshein highlighted the significant impact such an approval would have on the cryptocurrency market, potentially opening up […]
© Reuters. NEW YORK – In a significant development for the cryptocurrency industry, Celsius Network has sold approximately $243 million worth of Ethereum (ETH) as part of its ongoing bankruptcy proceedings. The sale is aimed at generating funds for the creation of MiningCo, a new initiative focused on Bitcoin mining. The liquidation of digital assets, […]
© Reuters. SINGAPORE – Bitget, a popular cryptocurrency exchange, has announced the addition of Comsats (CSAS), a BRC-20 token, to the Innovation Zone. This strategic inclusion is part of the exchange’s broader efforts to support innovative projects within the ecosystem. Starting tomorrow, users will have access to Spot Grid Trading for Comsats on the platform. […]
© Reuters. SAN FRANCISCO – In a move in line with growing anticipation in the cryptocurrency industry, Bitwise has launched a promotional campaign for its upcoming spot ETF. The ad, which aired today, signals the company’s readiness for the hoped-for approval from the US Securities and Exchange Commission (SEC). The SEC, now led by Chairman […]
© Reuters. WEDNESDAY – Solana (SOL) marked a major milestone by surpassing Ripple’s XRP to become the fifth largest cryptocurrency by market capitalization, now at more than $34.4 billion. In a notable rally, the price of SOL surpassed the $80 threshold today for the first time since May last year, reflecting an 8% increase on […]
© Reuters Coinbase (NASDAQ:) CEO Brian Armstrong expressed optimism in today’s CNBC television appearance about the potential impact of new Exchange Traded Funds (ETFs) on the cryptocurrency market . Armstrong predicts that these ETFs will attract significant interest from institutional investors, who are increasingly turning to Coinbase for Bitcoin custody. The launch of the Bitcoin […]