Author: Max Bauer
Galaxy has announced that while the U.S. Securities and Exchange Commission (SEC) has given Nasdaq the nod to list and trade spot Bitcoin ETF options, further regulatory approvals are still pending. Two More Institutions Should Greenlight Bitcoin ETF Options According to a statement from Galaxy, the options for spot Bitcoin Exchange Traded Funds (ETFs) now await the green light from two key financial regulators: the U.S. Commodity Futures Trading Commission (CFTC) and the U.S. Office of the Comptroller of the Currency (OCC). These approvals are crucial for the formal launch of trading these financial instruments on Nasdaq ISE, but as…
Remixpoint Inc., a publicly traded company listed on the Tokyo Stock Exchange, has announced the purchase of Bitcoin, Ethereum, Solana, and Avalanche as part of its strategy to diversify investments, mitigate the risk of yen depreciation, and optimize cash management. Remixpoint Strengthens Portfolio with Bitcoin and Three Altcoins In a statement released on September 27th, Remixpoint disclosed the specific amounts of each cryptocurrency purchased: The total purchase price for these cryptocurrencies amounts to 750 million yen. Remixpoint’s decision to invest in cryptocurrencies aligns with recent trends in the global market. The approval of Bitcoin spot ETFs by regulatory bodies like…
A recent surge in inflows has pushed BlackRock’s spot Ethereum exchange-traded fund (ETF) to a significant milestone. The fund, launched in late July, has surpassed $1 billion in net asset value, becoming the second such fund to achieve this benchmark. This achievement comes amidst a broader trend of positive inflows for US-based spot ether ETFs. According to data from SoSoValue, these funds have experienced their highest weekly inflows since early August, reversing a streak of six consecutive weeks of outflows. Fidelity’s FETH fund and BlackRock’s ETHA fund have been leading the way in terms of inflows. On Friday alone, FETH…
During a recent campaign event, Vice President Kamala Harris, the Democratic presidential nominee, touched on the topic of digital assets, stirring interest among cryptocurrency enthusiasts. However, her comments have been critiqued for lacking depth by Tim Kravchunovsky, CEO of Chirp, a decentralized telecommunications network. Kravchunovsky expressed skepticism regarding Harris’s brief mention of supporting crypto innovation. “Everyone is beside themselves thinking she will support crypto innovation,” he remarked, “but we didn’t hear any details on how exactly she plans to offer this support.” His comments highlight a growing desire within the crypto community for clear policy commitments rather than vague promises.…
Binance founder Changpeng Zhao (CZ) has resurfaced following his recent release, sharing updates on his personal and professional endeavors. In his first public post since his release, CZ expressed gratitude for the support he received during a challenging period. Changpeng Zhao Says He Is Satisfied With Binance’s Current Management CZ outlined his future plans, which include continued investment in blockchain, decentralized technologies, artificial intelligence, and biotechnology. He emphasized his long-term perspective, prioritizing impact over short-term returns. Additionally, CZ announced his intention to dedicate more time and resources to philanthropic causes, particularly in the areas of education. CZ also revealed that…
In a recent statement, economist Fred Krueger has laid out a clear case for why he prefers Bitcoin over all other cryptocurrencies, commonly referred to as altcoins. Krueger, known for his bold stances in the economic sector, argues that the long-term value and reliability of Bitcoin far surpass that of any other digital currency. Fred Krueger Listed the Reasons Why He Dislikes Altcoins 1. Historical Performance: Krueger pointed out that over periods of four years or more, altcoins have generally decreased in value when measured against Bitcoin. He cited Ethereum (ETH) and Litecoin as examples, noting that despite their promise…
Matt Hougan, Chief Investment Officer at Bitwise, has made a bold prediction for Bitcoin’s future price, suggesting it could reach $100,000 to $200,000 or even higher. Hogan’s forecast is based on the surging demand for Bitcoin ETFs and the growing interest from both retail and institutional investors. Matt Hougan Thinks Bitcoin’s Price Growth Was Due to the ETFs In a recent interview, Hogan highlighted the significant increase in Bitcoin’s price since the beginning of the year, driven in part by the launch of several spot Bitcoin ETFs. He emphasized that the demand for these ETFs is coming from a diverse…
Howard Lutnick, financial services firm Cantor Fitzgerald CEO , has likened Bitcoin to gold and oil, arguing that it should be regulated as a commodity. In an interview, Lutnick expressed his frustration with the lack of understanding and regulation surrounding Bitcoin and other cryptocurrencies. Cantor Fitzgerald CEO: “Regulation of Bitcoin Should be According to Commodity Laws” “When you truly understand Bitcoin, it’s hard to see it any other way,” Lutnick stated, saying the need for a more commodity-like approach to regulating the cryptocurrency. He suggested that the regulatory landscape for cryptocurrencies would eventually align with that of commodities and equities,…
A phishing scam disguised as a legitimate wallet app has defrauded cryptocurrency users out of a significant sum. The malicious app, available on the Google Play Store for four months, targeted unsuspecting users by posing as WalletConnect, a popular Web3 protocol. Fake App on Google Play Resulted in $70,000 Loss The fake app directed users to a fraudulent website where they were tricked into authorizing transactions, granting the scammers access to their cryptocurrency funds. Despite being downloaded 10,000 times, only 150 individuals fell victim to the scam, according to a report by Checkpoint Research. The real WalletConnect is a secure…
Cryptocurrency analytics firm Santiment has highlighted a surge in social media chatter surrounding certain altcoins, suggesting that speculative fervor is driving the market. Among the top trending projects are Toncoin ($TON), Shiba Inu ($SHIB), and Pepe ($PEPE). Toncoin has garnered attention due to its association with the Hamster Kombat airdrop. The project’s discussions have seen a significant uptick, reflecting growing interest. According to Santiment, Shiba Inu, another altcoin making waves, has been fueled by discussions around its cryptocurrency and associated projects like Shibarium. The community is buzzing with optimism about a potential 33,000% increase in the burn rate, which has…