After years of rejections, the United States Securities Exchange Commission (SEC) finally approved a spot Bitcoin exchange-traded fund (ETF), marking the first of its kind in the country with anticipated bullish consequences for cryptocurrencies. In this context, the commission’s voting notice published on January 10 revealed insights into which commissioners supported the product. Interestingly, Chair Gary Gensler, previously accused of ...
In a Space on X titled “ARK 21Shares Bitcoin ETF (ARKB) Approved,” featuring ARK Invest CEO Cathie Wood on January 10, Elon Musk initially dismissed the idea of using Bitcoin (BTC) as a currency on Mars. He cited the considerable time it takes to settle transactions as a deterrent. He said: “It would make sense to use some cryptocurrency on ...
Amidst the strong performance of the stock and crypto market, Robert Kiyosaki, the acclaimed investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ has decided to share some ominous what-if scenarios for dollar and hyperinflation. More precisely, he pointed his finger at the White House, Federal Reserve, and Treasury and asked what if, instead of deflation, ...
Historically, the focus of many US congressmen and representatives has mainly been on traditional assets like stocks and bonds. Over the years, this trend has sparked controversy, with allegations of insider trading hovering over some politicians who seem to have profited remarkably in the stock market. However, a shift in attention may be underway. In a noteworthy development, a prominent ...
Bybit co-founder and CEO Ben Zhou announced The CryptoArk Keynote address on January 10, in which he showcased the company’s accomplishments and future plans, highlighting its commitment to advancing the digital asset industry. In the address, Zhou outlined Bybit’s most important achievements, including reaching over 20 million users, launching 93 new products, and supporting 96 chains for deposits and withdrawals, ...
Cryptocurrencies are more than just an investment product for price speculation in the short, mid, and long terms. Actually, the different use cases – like crypto payments – bring value and organic demand for the cryptocurrency market to grow healthy. Notably, a report published on January 10, 2024, by CoinGate evidenced this growth, with 4 million transactions processed. In 2023 ...
More false rumors about the Bitcoin spot ETF approval moved the cryptocurrency market in the last 24 hours. The volatility sent Bitcoin (BTC) price up and down on January 9. Notably, Bitcoin traded as high as $47,975 and as low as $45,000 in the same hourly candle at 09:00 pm (UTC). This happened following a sequence of posts by the ...
Wealth concentration is a fundamental aspect to consider when analyzing cryptocurrencies, given the impact whales can exert on price. When talking about XRP, Ripple is the most relevant entity to consider and the biggest whale. In particular, the company controls the top 10 addresses, holding over 42% of all XRP tokens ever created. Interestingly, 38.5% of this featured supply is ...
On January 10, Cookie3, a platform specializing in attribution and user analytics for Web3 marketers, disclosed a strategic collaboration with Chainwire, a prominent platform in crypto PR distribution. This partnership aims to provide Cookie3 clients with enhanced access to Chainwire’s top-tier PR capabilities while offering Chainwire’s clients improved user analytics and attribution insights for their campaigns, per the information shared ...
On Tuesday, January 9, the crypto community experienced a rollercoaster of emotions as news of the long-awaited spot Bitcoin exchange-traded fund (ETF) approval circulated. However, the initial euphoria was short-lived as the tweet announcing the approval was mysteriously deleted. SEC Chairman Gary Gensler attributed the incident to a purported hacking of the SEC’s X profile. The fake approval triggered chaos ...
