The SEC has pushed back its decision on a roster of Ethereum ETFs, with the final date for a potential approval arriving in late May.

SEC delays several Ethereum ETFs, pushing final decision to May

The United States Securities and Exchange Commission (SEC) is pushing back its decision on several Ether ETH $2,246  exchange-traded funds (ETFs) to May 2024. ...

9 months ago

Sonnenshein Voiced Concerns About Delaying Garyscale’s ETF

Grayscale CEO Calls for Simultaneous Approval of Spot Products to Level the Field

Grayscale CEO Michael Sonnenshein believes the Securities and Exchange Commission (SEC) needs to approve spot Bitcoin (BTC) exchange-traded funds (ETFs) simultaneously. 

9 months ago

Cash Redemption Model vs In-Kind Redemption Model

BlackRock’s Bitcoin ETF Ticker IBIT Confirmed, Shifts Toward Cash Redemption Model

BlackRock’s proposed spot Bitcoin exchange-traded fund (ETF) has been officially assigned the ticker IBIT, according to an S-1 filing amendment with the Securities...

9 months ago

Helium Mobile (MOBILE) is spearheading a dynamic shift in the crypto market towards smaller-cap altcoins, with its price surging by 90% in the last 24 hours to $0.0072.

Helium Mobile’s 90% price increase in 24 hours caps altcoin surge

The altcoin’s surge is mirrored in its trading volume, which has escalated by 243%, reaching $19.8 million. The driving force behind Helium Mobile’s rapid price increase is...

9 months ago

Bitcoin Development Platform Tap Protocol Secures $4.2 Million in Funding

Bitcoin Ordinals-based development platform Tap Protocol has raised over $4 million in an oversubscribed round, promising more “big” news to come....

9 months ago

Back Still Believes Bitcoin Would Reach $100,000

Blockstream CEO Adam Back: Bitcoin ETFs Could Propel Price to $100,000

Blockstream CEO Adam Back believes 2024 could mark a period of resurgence for Bitcoin (BTC), propelling the leading cryptocurrency towards $100,000.  In a recent interview, t...

9 months ago

With the expectation of further rate cuts heading into 2024, analysts say this could be a “positive boost” for crypto stocks and investment products.

Fed pause is a ‘green light’ for investors — Here’s what it means for crypto

A decision from the United States Federal Reserve to pause and possibly lower interest rates in 2024 will likely serve as a “positive boost” for cryptocurrencies and crypto stocks.

9 months ago

Commissioners took a step toward requiring derivatives clearing organizations, a key type of middleman in the industry, to keep their customers' money segregated from their own funds.

CFTC Pushes FTX-Inspired Rule to Protect Customers' Money

The U.S. Commodity Futures Trading Commission took a step toward requiring derivatives clearing organizations, a key type of intermediary in the industry, to keep their customers' money...

9 months ago

Russia Seeks to Legalize Bitcoin Mining

Russian Ministry of Finance Proposes Exporting Cryptocurrencies as a Commodity, akin to Natural Gas

The Russian Ministry of Finance has presented the idea of exporting cryptocurrencies as a product of mining activities.  The move is intended to position digital currencies on an ...

9 months ago

Trend of Ethereum ETF Applications

SEC Delays Decision on Invesco Galaxy’s Ethereum ETF Until February 2024

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Invesco Galaxy’s spot Ethereum exchange-traded fund (ETF) application, new decision to b...

9 months ago