Day: November 9, 2023

Ark Invest Partners with 21Shares to Launch New Crypto ETFs Suite

The entire world of finance (both traditional and crypto) is eagerly waiting for the US SEC to approve spot Bitcoin ETF. Preparations are in top gear as Cathie Wood’s Ark Invest is moments away from launching a new “suite” of exchange-traded funds (ETFs). In line with this ambition, the asset management company has partnered with the world’s largest crypto ETP issuer 21Shares. According to Ark Invest, the suite will open up an array of options to investors who are looking to diversify their portfolios. 21Shares also shares similar sentiments with…

Cathie Wood’s ARK bags 1.1M Robinhood shares in one day

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ARK Invest, the investment firm founded by major Bitcoin (BTC) advocate Cathie Wood, is actively accumulating stock of the crypto-friendly app Robinhood (HOOD). On Nov. 8, ARK made a massive Robinhood stock purchase, bagging a total of 1.1 million shares for about $9.5 million in one day, according to a trade notification seen by Cointelegraph. The purchase involved three innovation exchange-traded funds (ETF) managed by ARK, including ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF). ARKK has allocated the biggest amount of…

Maine state treasurer to focus on handling abandoned cryptocurrency accounts

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A report issued by the Office of the Maine State Treasurer highlighted the U.S. state’s interest in officially managing the abandoned and recovered crypto assets. The program evaluation report of Maine uncovered the state’s lack of preparedness when it comes to handling cryptocurrencies. It read: “Our office does not currently handle cryptocurrency, but programs like Unclaimed Property may need to start addressing the situation of abandoned cryptocurrency accounts.” According to official data, the state of Maine currently holds over $328 million in unclaimed property. The website requires the name, address…

Analysts Identify 8-Day Window for 12 Spot Bitcoin ETF Approvals

The mere possibility of spot Bitcoin ETF approvals has injected fresh optimism into the crypto market. Bloomberg ETF analysts James Seyffart and Eric Balchunas have outlined a unique opportunity for 12 spot Bitcoin ETF filings to gain regulatory approval from the US Securities and Exchange Commission (SEC) within an eight-day window, starting today and extending to November 17. The SEC’s Timely Window The eight-day window for potential approvals comes as a result of the SEC’s extension of the deadline for several pending spot Bitcoin ETF filings, with November 8 marking…

Immutable and Ubisoft Team Up to Pioneer Frictionless Web3 Gaming Models

Immutable intends to leverage the capabilities of its ecosystem to ensure that the joint effort with Ubisoft succeeds in affording players true digital ownership. Immutable, a leading Web3 gaming platform, has announced a significant partnership with video game giant Ubisoft. The collaboration is to create an innovative gaming experience based on decentralized blockchain technology. Ubisoft’s expertise in developing high-quality video games is combined with Immutable’s advanced Web3 capabilities in this strategic alliance. Immutable 🤝 Ubisoft’s Strategic Innovation Lab Immutable, the leading web3 gaming platform, is joining forces with Ubisoft’s Strategic…

COIN, HOOD, MARA Among U.S. Crypto Stocks Riding BTC Price Momentum in Pre-Market Trading

BTC climbed above $36,000 for the first time in around 18 months during Asian trading hours on Thursday, and the bullish momentum fed through to U.S. publicly-traded firms with crypto exposure, such as the Coinbase (COIN) exchange, software developer MicroStrategy (MSTR) – which owns a large number of bitcoin, trading platform Robinhood (HOOD) and mining firms Marathon Digital (MARA) and Riot Blockchain (RIOT). Source

SEC to Greenlight FTX Revival Under Compliance-Driven Leadership

SEC Chair Gary Gensler said the agency would greenlight the reboot of the exchange if “Tom or anybody else” did it within the law. In an encouraging development, the US Securities and Exchange Commission (SEC) has hinted at the possibility of approving the revival of the beleaguered cryptocurrency exchange FTX, if the incoming leadership adheres strictly to regulatory guidelines. The revelation follows reports that former New York Stock Exchange (NYSE) president Tom Farley was among a shortlist of three potential buyers bidding to acquire the distressed exchange after its founder,…

Apart From the Spot ETF Narrative Here Are the ‘Overlooked’ Bullish Tailwinds for Bitcoin

Bitcoin has more than doubled this year, in line with its record of beginning new bull trends in 12 or more months leading up to the reward halving. The fourth halving is due in March/April 2024. The latest cycle, however, looks different than previous ones, thanks to bitcoin’s strengthening safe-haven appeal, according to Noelle Acheson, author of the widely-followed Crypto is Macro Now newsletter told CoinDesk. Source

Cardano October Whale Frenzy – What Lies Ahead for November?

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Cardano (ADA) experienced a significant shift in its ownership landscape during the month of October. Large holders, defined as addresses holding over 0.1% of a cryptocurrency’s circulating supply, accumulated nearly 1.89 billion ADA coins. But is this development good news or bad news for the Cardano ecosystem? Large Holders Netflow is a metric that measures the number of inflows minus outflows pertaining to addresses held by large ADA investors. This metric provides valuable insights into the behavior of major stakeholders and their impact on the ADA market. When large holders accumulate…