Senators Ron Wyden and Cynthia Lummis requested an investigation of the U.S. Securities and Exchange Commission (SEC) in a letter on Jan. 11. The two lawmakers asked the SEC’s Inspector General, Deborah Jeffrey, to open an investigation into a security breach that occurred two days earlier as well as the agency’s failure to follow best …
Yearly archives: 2024
JPMorgan analyst predicts 50% chance of spot Ethereum ETF in May
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Gensler calls Bitcoin ETFs ‘ironic’ due to their centralized nature, responds to Warren
SEC Chair Gary Gensler said it is ironic that people call the approval of spot Bitcoin ETFs a historical moment considering its centralized nature, which is the antithesis of Satoshi Nakamoto’s vision. He said: “Think about the irony of those who say this week is historic. This [the approval] was about centralization and traditional means …
Genesis forfeits BitLicense, pays $8 million to settle NYDFS lawsuit
The New York State Department of Financial Services (NYDFS) announced a settlement with Genesis Global Trading, which includes an $8 million fine and the relinquishment of its license to operate with virtual currencies in New York. The NYDFS’s investigation into Genesis Global Trading —a subsidiary of Digital Currency Group (DCG) — revealed major deficiencies in …
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Retail Trading Giant Robinhood Lists Newly Approved Spot Bitcoin (BTC) Exchange-Traded Funds
Retail trading giant Robinhood has listed the newly approved spot Bitcoin (BTC) exchange-traded funds (ETFs). The 11 greenlit BTC ETFs became available to the company’s customers on Thursday morning in both retirement and brokerage accounts through Robinhood Financial, according to a new press release. Robinhood chief executive Vlad Tenev says the new Bitcoin financial products …
Analyst Breaks Down Top Cryptos by Market Cap Bitcoin (BTC) and Ethereum (ETH) Post-ETF Approval
A widely followed crypto analyst is diving into the top two digital assets by market cap after the historic US approval of spot Bitcoin (BTC) exchange-traded funds (ETFs). Crypto trader Michaël van de Poppe tells his 683,400 followers on the social media platform X that BTC’s next move is to stabilize, allowing Ethereum (ETH) to go on …
Orbit Chain Offers Multi-Million Dollar Bounty to the Public After Suffering $81,000,000 Hack Last Month
The decentralized cross-chain protocol Orbit Chain is allocating a hefty amount to identify the culprit who stole $81 million worth of crypto assets from the platform. In December, an attacker exploited the protocol’s cross-chain bridge and looted $30 million worth of USDT, $22.5 million worth of Ethereum (ETH), $10 million worth of DAI, $10.44 million …
Ethereum Rival Soars Over 40% in a Week As the Crypto Project’s Total Value Locked Hits Record High
A rival of the leading smart contract platform by volume is soaring as the protocol’s total value locked (TVL) hits a new all-time high. In a new announcement, Ethereum (ETH) competitor and layer-1 blockchain Sui Network (SUI) says that its TVL has surged by 500% during the last three months and a staggering 1350% during …
Ripple Moves To Buy Back $285,000,000 Worth of Shares From Early Investors and Employees: Report
Blockchain-based payments company Ripple reportedly wants to repurchase $285 million worth of company shares from early investors and employees. Citing two sources familiar with the matter, Reuters reports that Ripple Labs is setting aside $500 million for the buyback. The allocation will cover the costs of taxes and converting restricted stock units (RSU), or those …
Jim Cramer calls “major top” for Bitcoin a week after praising its growth
Jim Cramer, the outspoken host of CNBC’s “Mad Money,” recently sparked discussions in the financial community with his latest views on Bitcoin, signaling a “major top” in the cryptocurrency’s value. His tweet, discussing insights from trader Larry Williams, departed from his earlier bullish comments on Bitcoin. However, the Mad Money host did not divulge the …
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BlackRock CEO’s crypto pivot continues, turns bullish on tokenization to eliminate ‘corruption’
BlackRock’s spot Bitcoin ETF launch was highlighted in an interview with CEO Larry Fink on CNBC. Fink, who had previously expressed skepticism about Bitcoin, now views it as a viable asset class, though not a potential currency. This change of stance aligns with BlackRock’s broader strategy of embracing technological advancements in the financial sector, mainly …
Grayscale transfers $200M Bitcoin to Coinbase Prime hinting at possible ETF redemption activity
Grayscale has begun moving Bitcoin out of its trust and sending it to Coinbase as of 2 p.m. GMT, Jan. 12. A total of 4,000 BTC (roughly $200M) has been sent as of press time, with all Bitcoin going to Coinbase Prime, one of the key participants in the series of Bitcoin ETFs launched yesterday. …
Bitcoin’s miner fee revenue plummets by 50% from recent highs
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Hut 8 expands borrowing capacity with Coinbase to $65 million, acquires natural gas power plants
Bitcoin miner Hut 8 has secured an additional $15 million from a subsidiary of the United States-based cryptocurrency exchange, Coinbase, according to a Jan. 12 statement. The miner revealed that the new deal represents an amendment and restatement of its previous $50 million credit facility with the cryptocurrency trading platform, bringing its cumulative credit portfolio …
CoinShares leverages Valkyrie acquisition to enter US Bitcoin ETF arena
Europe-based asset management firm CoinShares has exercised its option to acquire Valkyrie’s crypto-focused exchange-traded funds (ETF) investment advisory business, expanding its business into the U.S. In a Jan. 12 statement, CoinShares explained that the deal follows the recent approval of Valkyrie’s spot Bitcoin ETF, the Valkyrie Bitcoin Fund (BRRR), by the U.S. Securities and Exchange Commission …
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