Day: February 2, 2022

SEC Asks Bitwise to Address Concerns About Proposed Spot Bitcoin ETF

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The SEC has asked Bitwise to clarify how the investment firm will prevent share manipulation, fraud and other potential issues in its proposed spot bitcoin ETF, according to a notice to the company on Tuesday. The agency also flagged its concerns about the Bitwise Bitcoin ETP Trust’s liquidity and transparency and requested more color on the โ€œsuitabilityโ€ of bitcoin as the underlying asset for the fund. The SECโ€™s request veered from its serial denials to date of other proposed spot Bitcoin ETPs. Over the past two months, the agency has…

BREAKING: Chamath Palihapitiya Predicts Web3 Crypto Projects as Best Investment of 2022

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Vulcan Forged (PYR) rallies after virtual land sales and the Elysium testnet launch

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Nonfungible tokens (NFTs), gaming protocols and the dawn of the Metaverse were all trending topics in 2021 and they are shaping up to be even bigger in 2022.ย  NFTs and Metaverse-related projects are also bouncing back quickly from the market-wide downturn and Vulcan Forged (PYR) is one of the top movers this week. The project is a blockchain game studio and NFT marketplace that is in the process of developing out its VulcanVerse ecosystem. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $6.59 on…

Bitcoin Price Rises As El Salvador Rejects IMF Call To Ditch BTC

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Bitcoin started rising with the news El Salvador rejected the IMF request to drain BTC as a currency. In response, Bitcoin grew to a 14-day high price level, adding more than a quarter trillion US dollars into the crypto market. Price tendency follows the pathetic month for cryptocurrency since March 2020. At that time, Bitcoin reached a price level of $5,000 due to panic selling off after the Covid-19 pandemic threat. After that, Bitcoin raised and achieved its all-time high price level of $69,000 in November 2021.ย  But soon after…