Browsing:Market

Robinhood is preparing to list 11 new Bitcoin spot ETFs
3 months ago 1 min read

Robinhood to List the 11 Approved Bitcoin ETFs

Robinhood is preparing to list 11 new Bitcoin spot ETFs that have been approved by the US Securities and Exchange Commission (SEC). Tenev sees these approved financial instruments as a game changer in managing the investment risks associated with digital assets. Notably, this is a milestone for the first-ever approved Bitcoin spot ETFs in the US. Robinhood is committed to providing educational resources on Bitcoin, ETFs, and effective risk management strategies in addition to listing these assets. Tenev’s vision exemplifies the platform’s commitment to providing investors with the knowledge and tools they need to navigate the volatile world of digital

Turkey to complete its crypto regulation framework
3 months ago 2 mins read

Turkey to complete its crypto regulation framework

According to Finance Minister Mehmet Simsek, Turkey is taking a significant step toward solidifying its stance on crypto regulations. According to Simsek, the country’s crypto regulations are in the “final stages,” indicating an important step toward creating a regulated environment for crypto asset trading platforms in Turkey. The primary goal of these upcoming regulations is to reduce the risks associated with trading in crypto assets and, more importantly, to facilitate Turkey’s removal from the Financial Action Task Force’s (FATF) “grey list.” This list identifies countries with insufficient anti-money laundering and terrorist financing measures. In his statement, Simsek emphasized the country’s

Customers of the bankrupt crypto lender Celsius Network are now in hot water as bankruptcy managers pursue legal action against them
3 months ago 2 mins read

Bankrupt Crypto Lender Celsius Network Asks Creditors To Return 27.5% Of Funds

Customers of the bankrupt crypto lender Celsius Network are now in hot water as bankruptcy managers pursue legal action against those who made significant withdrawals within 90 days of the company’s bankruptcy declaration. This action has left affected customers with the difficult choice of returning some of their funds or facing additional legal consequences. A recent filing, made public on Tuesday, sheds light on the legal disputes involving customers who withdrew more than $100,000 within the 90 days before July 12, 2022. These customers are now the subject of a legal dispute initiated by bankruptcy administrators, who have formally notified

VanEck filed an amended S-1 filing with the SEC on January 8
3 months ago 1 min read

VanEck Gears Up for Bitcoin ETF with $72 Million Seeding Amid DTCC Ticker Listings

With the spotlight on the upcoming Securities and Exchange Commission (SEC) decision on Spot Bitcoin ETF approvals, VanEck, the American investment management firm, is making significant preparations. VanEck’s Spot ETF tickers have been officially listed by the Depository Trust and Clearing Corporation (DTCC), solidifying its presence in the evolving landscape of Spot ETF investments. VanEck’s Spot Bitcoin ETF can be found on the DTCC platform under the ticker ‘HODL.’ Depending on SEC approval, this listing positions VanEck as a key player in the potential integration of Spot Bitcoin ETFs into the mainstream financial sector. Another investment management firm, WisdomTree, has

Valkyrie Investments
3 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
3 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
3 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
3 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
3 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
3 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
3 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
3 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

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