A lot has happened in the crypto industry over the last seven days. One of the biggest news came from payment giant Visa. The company announced last Tuesday that it was continuing…
Category: ETF
ARK Invest Decry Bearish Headwinds as Negatively Impacting Crypto Market
The conclusion of the recent study by ARK Invest shows that stronger bearish headwinds anticipated in the last quarter of 2023 are adversely affecting the crypto market. Cathie Wood’s ARK Invest report…
Bitwise Reconsiders Application for Bitcoin and Ether ETF Application
Bitwise was one of the asset managers seeking to introduce spot Bitcoin exchange-traded funds (ETFs) in the U.S. In a plot twist, Bitwise tendered a request to withdraw bid for the Bitcoin…
Grayscale Bitcoin ETF Bid Survives in Victory Over Securities and Exchange Commission (SEC)
The Securities and Exchange Commission (SEC) has been ordered by a federal appeals court to vacate its refusal of the trust provider’s bid to change the Grayscale Bitcoin into an exchange-traded fund…
Hot Crypto Stories on X – Bears Wipe Out XRP Gains Within a Month
The crypto community on X (formerly Twitter) has not had much to discuss over the previous seven days. That’s because there hasn’t been any significant news. Here are the few topics that…
BIS Study Discovers Amplified Crypto Financial Risks in Emerging Markets
The central banks of Canada, Brazil, the U.S., and Mexico have identified crypto-associated risks. However, they have cautioned against unreasonably exorbitant regulations. A new study by The Bank for International Settlements (BIS)…
Puzzling Bitcoin Wallet Accumulates Third Largest Bitcoin Holdings in Three Months
In the last three months, an unfamiliar wallet has accumulated Bitcoins worth more than $3 billion, evoking numerous theories concerning the likely owner. An unfamiliar Bitcoin has become the world’s third-biggest Bitcoin…
European Union Welcomes Bitcoin ETF on Euronext Amsterdam Exchange
The Jacobi Bitcoin exchange-traded fund (ETF) will eventually go live on the Euronext Amsterdam stock exchange now despite its scheduled date lapsing over 12 months ago. Europe is ready to welcome a…
Hot Crypto Stories on X – TRON Founder Invites PayPal to Issue Its Stablecoin on the Network
As expected, the most discussed topic on X over the last few days was the announcement from PayPal regarding the launch of the firm’s dollar-pegged stablecoin dubbed Paypal USD or PYUSD. The…
Former SEC Counsel Rules Out Bitcoin Spot ETF Approval in 2023
Former attorney in the Securities and Exchange Commission (SEC) ruled out the likelihood of the Garry Gensler-led agency approving the pending applications for bitcoin spot exchange-traded fund (ETF). John Reed ruled out…
PayPal Unveiling PYUSD Stablecoin Could Trigger Competition and Regulators’ Action
PayPal’s announcement of entry into the stablecoin segment reignites excitement to levels mirroring the BlackRock application for Bitcoin exchange-traded fund (ETF). Such is evident with the unveiling of PYUSD stablecoin triggering active…