Browsing:Market News

Valkyrie Investments
4 months ago 1 min read

Valkyrie Investments Says Bitcoin ETF Could Start Trading Tomorrow

The crypto community is on edge as Valkyrie Investments awaits a critical decision from the United States Securities and Exchange Commission (SEC) on a Bitcoin Exchange-Traded Fund (ETF). There is speculation that the SEC could approve as early as Wednesday, allowing trading to begin on Thursday. Valkyrie Investments co-founder Steven McClurg is optimistic about the potential approval and anticipates strong investor interest in their ETF. Estimates range from $200 million to $400 million, with total inflows reaching $4–5 billion in the first few weeks after approval. While not every applicant’s ETF will be available right away, McClurg predicts that around

The US SEC is warning investors against succumbing to FOMO in their investment decisions
4 months ago 1 min read

The US SEC is warning investors against succumbing to FOMO in their investment decisions

As the crypto community awaits the US SEC’s final decision on Spot Bitcoin ETF applications, which is set to be announced on January 10, the regulatory body has issued a cautionary report, warning investors against succumbing to FOMO in their investment decisions. The report, which was published on January 6 in an X post by the SEC’s Office of Investor Education and Advocacy, sheds light on the negative consequences of succumbing to FOMO and offers advice on how to resist or overcome this emotional state. Furthermore, the report provides guidance on mitigating investment risks and navigating market volatility. “Say ‘NO

Binance US names Lesley O’Neill as Chief Compliance Officer amid increased SEC attention
4 months ago 1 min read

Binance US names Lesley O’Neill as Chief Compliance Officer amid increased SEC attention

Binance US is taking proactive steps to strengthen its compliance efforts in the face of increased scrutiny from regulatory bodies such as the SEC. Binance US has appointed Lesley O’Neill as Chief Compliance Officer in response to increased scrutiny and an evolving regulatory landscape. O’Neill’s role will be critical in managing legal affairs and improving the crypto exchange’s overall compliance framework. O’Neill brings a wealth of experience to her new position, having held positions in legal and compliance at Prove, EY, Milbank, and Bloomberg. O’Neill’s priorities include anti-money laundering measures and optimizing customer verification processes. By focusing on these critical

A holding wallet recently received nearly $1.2 million in Bitcoin (BTC) from the infamous North Korean hacker unit
4 months ago 1 min read

A holding wallet receives nearly $1.2 million in Bitcoin (BTC) from the North Korean hacker group

In an interesting development, a holding wallet recently received nearly $1.2 million in Bitcoin (BTC) from the infamous North Korean hacker unit, Lazarus Group. This transaction has piqued the interest of cybersecurity professionals and blockchain experts, as it is one of the group’s largest transactions in the last 30 days. The Lazarus Group’s wallet was involved in two transactions totaling 27.371 BTC, according to Arkham, a blockchain research organization. This move coincides with the potential approval of a spot Bitcoin ETF in the United States, and investors anticipate increased volatility in the aftermath of the SEC’s decision. Around 3.34 BTC

Solana Co-Founder Weighs in on Ethereum's Risks, Emphasizes Simplicity in Blockchain Language
4 months ago 1 min read

Solana Co-Founder Talks About Ethereum’s Risks, Emphasizes Simplicity in Blockchain Language

Anatoly Yakovenko, co-founder of Solana, recently discussed Ethereum’s challenges and shed light on Solana’s design principles. Here is a breakdown of Yakovenko’s key insights. Yakovenko expressed concern about Ethereum’s potential centralization issues. He emphasized the danger of specific parts of the network becoming overly dominant, posing a challenge to Ethereum’s decentralized goals. Yakovenko, on the other hand, emphasized an important aspect of Solana’s architecture: atomic composability. This feature allows for seamless collaboration among blockchain elements. While Yakovenko sees this as a strength, he admits that its value is dependent on recognition within the larger blockchain community. He claims that Solana’s

SEC Urges Quick ETF Filings Update
4 months ago 1 min read

SEC urges ETFs to update filings, hinting at possible January 11 launch

According to a Bloomberg report on January 5, the US Securities and Exchange Commission (SEC) has issued a prompt directive to exchange-traded fund (ETF) participants, signaling potential activity as early as January 11. The SEC’s priority is the timely update of 19b-4 filings, which is required for ETF listing and trading on major exchanges such as Nasdaq and NYSE. While some of the amended filings may not require further SEC review, it is unclear whether this applies to newly submitted versions or those already in the pipeline. Along with the 19b-4 filings, the S-1 filings describing the ETFs are also

Visa recently unveiled its Web3 loyalty program
4 months ago 1 min read

Visa’s New Web3 Loyalty Program Adds Gamified Rewards to Customer Experience

Visa recently unveiled its Web3 loyalty program, which aims to redefine customer engagement by introducing interactive treasure hunts and gamified prizes. Through a unique loyalty engagement solution, the program is designed to empower brands to improve customer interactions and build meaningful connections. The Web3 loyalty program from Visa aims to go beyond traditional reward systems. To provide customers with engaging and memorable experiences, the initiative includes interactive treasure hunts and gamified prizes. To create digital wallets for their customers, brands can use the Visa Web3 Loyalty Engagement Solution. These wallets act as a central storage location for reward points and

Any US resident making crypto transactions exceeding $10K will soon have to report them to IRS
4 months ago 1 min read

Any US resident making crypto transactions exceeding $10,000 will soon have to report them to IRS

A recent development in the crypto landscape is causing a stir among users and advocates alike. The Infrastructure Investment and Jobs Act, passed by the US Congress, introduces a reporting provision requiring individuals involved in crypto transactions exceeding $10,000 to report them to the Internal Revenue Service (IRS) within 15 days. While this move aims to enhance transparency, it brings about a series of challenges and uncertainties. The Infrastructure Investment and Jobs Act, effective January 1, 2024, mandates that anyone receiving over $10,000 in crypto transactions must report the details to the IRS within 15 days. This includes providing personal

According to Matrixport, the SEC in the United States will likely reject all Bitcoin ETF proposals in January.
4 months ago 1 min read

Matrixport Predicts SEC Bitcoin ETF Rejections, Causing Bitcoin Price Drop

According to Matrixport, a crypto financial services firm, the Securities and Exchange Commission (SEC) in the United States will likely reject all Bitcoin ETF proposals in January. This ominous forecast has caused Bitcoin’s price to fall, highlighting the market’s sensitivity to news and forecasts. According to Matrixport, the first Bitcoin ETF approval may not occur until the second quarter of 2024. The firm’s unsettling prediction caused a significant drop in Bitcoin’s value, which recently fell to $42,500. According to Matrixport, the SEC may find the existing spot Bitcoin ETF applications lacking, potentially resulting in a further drop to the $36,000

Grayscale has made a significant step forward by submitting a new request to the SEC to convert its Bitcoin Trust (GBTC) into a Bitcoin ETF.
4 months ago 1 min read

Grayscale aims for early Bitcoin ETF approval by the SEC and adapts to a cash-only model

Grayscale has made a significant step forward by submitting a new request to the Securities and Exchange Commission (SEC) to convert its Bitcoin Trust (GBTC) into a Bitcoin Exchange-Traded Fund (ETF). This strategic shift aligns with Grayscale’s goal of obtaining early approval for its Bitcoin ETF, with the SEC expected to make a critical decision by January 10, 2024. Grayscale’s recent filing is notable for its willingness to embrace a cash-only model, a requirement imposed by the SEC. Unlike traditional ETFs, which allow for in-kind trades, ETFs that operate on a cash-only model only conduct transactions in cash. This adaptation

Bitcoin ETF Could be Approved By January, Cathie Wood
4 months ago 1 min read

Cathie Wood: U.S. Approval of Bitcoin ETF Expected in January 2024

Cathie Wood, CEO of ARK Invest, is bullish on the prospect of a spot Bitcoin ETF being approved in the United States. Recent interactions with the U.S. Securities and Exchange Commission (SEC), according to Wood, have been encouraging, indicating a potential breakthrough for the institutional adoption of crypto. Wood emphasized a positive shift in the SEC’s approach during recent meetings with companies that have filed for Bitcoin ETF approval, including industry titans like BlackRock and Grayscale. She stated that the SEC’s detailed questioning suggests a more thorough evaluation process than in previous denials. Wood stressed the importance of clear communication

MEXC crypto exchange has found itself at the center of controversy after users complained about alleged account freezing and fund seizures.
4 months ago 2 mins read

MEXC Exchange is accused of freezing accounts and seizing funds amid abnormal trading claims

MEXC, a well-known crypto exchange, has found itself at the center of controversy after users complained about alleged account freezing and fund seizures. Concerns raised by multiple users since mid-December have been highlighted in reports circulating on social media platforms, particularly on X. A pseudonymous trader revealed a significant loss of $92,000 in Tether tokens, which drew attention to the situation. The trader claimed to have lost money after making profitable trades in MEXC’s futures market for 15 days. The user’s screenshots show interactions with MEXC‘s support team, including acknowledging a flagged trading anomaly that prompted an investigation by the

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