Tag: Bitcoin
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Top 5 Cryptocurrencies for Christmas Investment: ADA, SOL, MATIC, AVAX, BTC
Cardano (ADA) The Cardano (ADA) ecosystem, known for its focus on scalability, interoperability, and sustainability, is currently experiencing significant growth in development activity. ADA has emerged as an appealing choice for the festive season, with a recent bull run that saw the token rally by more than 50% in December. Data from the crypto analyst […]
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Fed’s Williams Holds Back on Rate Cuts, Dollar Recovers, Crypto Correction Continues
Fed Official Dismisses Imminent Rate Cuts John Williams, President of the Federal Reserve Bank of New York, has pushed back against the market’s expectation of imminent rate cuts. In an interview on CNBC, Williams stated, “We aren’t really talking about rate cuts right now.” This contradicts the Fed’s earlier statement that peak rates have likely […]
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SEC Likely to Approve Bitcoin ETFs En Masse in January, Analysts Say
The SEC Avoids Favoritism According to Seyffart, the SEC does not want to show bias towards certain companies in regards to ETF approvals. He states that the SEC aims to ensure fair competition and prevent one firm from gaining an advantage. Rumors from insiders and individuals familiar with the process have corroborated this view. Seyffart […]
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SEC Chair Signals Bitcoin ETF Approval Amidst Regulatory Progress and Concerns
SEC Chair Gary Gensler Hints at Crypto Regulatory Reassessment In a significant development, Securities and Exchange Commission (SEC) Chair Gary Gensler suggests that the approval of Bitcoin exchange-traded funds (ETFs) might be closer than ever. During a recent CNBC interview, Gensler acknowledged the impact of recent court decisions on the SEC’s approach to Bitcoin ETFs. […]
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Searching for the Next Crypto Millionaire: Beyond Bitcoin’s Extraordinary Run
The Rise of Bitcoin Millionaires To fully comprehend the potential for crypto wealth, let’s first examine Bitcoin itself. Henley & Partners, an investment firm, states in its latest Crypto Wealth Report that there are currently 40,500 Bitcoin millionaires worldwide, with six individuals even earning the title of Bitcoin billionaires. These investors recognized the early potential […]
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Bitcoin Recoils in 2022, Recovers with Stellar Year in 2023
The Year of Trauma Recovery If 2022 was the year that “broke bitcoin”, 2023 has been the year of trauma recovery. According to Kelvin Koh, co-founder and managing partner at investment firm Spartan Group, “We’ve had a nice recovery, but we’re just in the cusp of the new cycle.” The surprising resilience of bitcoin in […]
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Startup Babylon Enables Bitcoin Staking on Proof-of-Stake Networks, Raises $18M Funding
New Startup Allowing Bitcoin Stake on Proof-of-Stake Networks One fundamental truth is that proof-of-stake networks, such as Ethereum, and proof-of-work networks, such as Bitcoin, are like water and oil—they simply don’t mix without compromises like wrapped tokens and blockchain bridges. However, Babylon, a startup led by a Stanford professor and a former Dolby engineer, aims […]
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Ethereum’s Ascendancy: JPMorgan Foresees Bright Future Amid Bitcoin’s Dimming Spark
Bitcoin’s Outlook for 2024 Bitcoin, the leading cryptocurrency, has recently faced a challenging period along with the broader market. This has sparked debates about its resilience going forward. As 2024 approaches, enthusiasts are becoming increasingly excited about the future of Bitcoin due to expectations of a Spot Bitcoin ETF approval and the upcoming halving event, […]
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SEC Chair Considers Spot Bitcoin ETFs as Court Rulings Shift Balances
Court Rulings: A Game-Changer? Gary Gensler, Chair of the Securities and Exchange Commission (SEC), revealed on Thursday that the agency’s examination of spot bitcoin ETF applications now incorporates recent court decisions. Despite the SEC’s historical denial of spot bitcoin fund applications, a panel of judges had instructed the regulator to reassess an unsuccessful bid from […]
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‘Cash or Bitcoin? Battle over Redemption Models for Spot Bitcoin ETFs’
Introduction Proponents of spot Bitcoin ETFs are engaged in discussions with the Securities and Exchanges Commission (SEC) to determine the most suitable redemption model. While institutions appear to favor an ‘in-kind’ redemption, the SEC is indicating a preference for a ‘cash-only’ model. BlackRock Presents ‘Revised In-Kind’ Redemption Model BlackRock Inc. (NYSE: BLK) employees held a […]