Day: January 4, 2024

Grayscale, VanECK file Form 8-A for spot Bitcoin ETFs

Form 8-A filings submitted by Fidelity, Grayscale, and VanEck indicate progress toward the widely expected approval for spot Bitcoin ETFs, although the SEC has not given the nod yet.  Grayscale Investments and VanEck filed Form 8-As on Jan. 4 with the United States Securities and Exchange Commission (SEC), marking registration of securities with the watchdog. This is part of a process that allows issuers to eventually list Bitcoin (BTC) ETFs on an exchange should the SEC approve.  The issuer of Grayscale BTC Trust (GBTC), which holds some 620,000 BTC valued…

Crypto Analyst Predicts Cardano Price Jump In January

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Most cryptocurrencies such as Cardano (ADA) currently going through a consolidation period after weeks of intense price growth in December. Data from Coinmarketcap shows the big cryptos posting declines in a seven-day timeframe, with some even plunging by double digits.  Cardano hasn’t been left out, as it is currently down by 9.20% and 15.3% in the past 24 hours and seven days respectively. However, according to one crypto analyst, Cardano (ADA) could be gearing up for a 30-40% price surge that sends the token well past $0.80 this month. Cardano…

Beam up 43% as today’s top crypto gainer

According to CoinMarketCap data, the cryptocurrency Beam, powered by Merit Circle DAO, tops today’s gainers with 43.8% growth in the last 24 hours. Despite Beam’s X account getting suspended, Merit Circle DAO’s official account shared a January update with a progress update that ignited bullish sentiment. The earlier tweet, dated Dec. 28 and reshared on Jan. 3, states that the Beam subnet on Avalanche has seen 768,254 blocks produced, over 1 million total transactions, and boasts 362,435 addresses since its launch three months ago. A thriving network ❇️ When we…

Is This The End Of Dogecoin? Whales Dump 600 Million Coins

Adding to the woes of the cryptocurrency market, Dogecoin, the prominent memecoin with the highest market value, has experienced a notable setback with a over 10% drop in its price over the last 24 hours. This downturn follows a trend of significant declines witnessed by the dog-themed altcoin in the previous week. The current trajectory of DOGE’s price decline raises concerns among investors and market observers, as it points to potential challenges and uncertainties surrounding the memecoin’s stability. Whale Moves: Dogecoin Uncertainty Peaks Compounding this situation is the recent activity…

Pro-XRP lawyer offers perspective on Bitcoin ETF saga; Kaspa and InQubeta may extend gains

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto enthusiasts are buzzing about the potential approval of a spot Bitcoin exchange-traded fund (ETF) in 2024, anticipating positive impacts on altcoins. Meanwhile, investors are watching Kaspa (KAS) and InQubeta (QUBE). InQubeta introduces a new crowdfunding for crypto AI startups.  InQubeta is merging AI and crypto InQubeta offers investment opportunities in AI tech startups through fractionalized NFTs sold in a peer-to-peer marketplace.  Its investment model allows investors to diversify their portfolios by…

Explaining Bitcoin Price’s (BTC) Sudden Drop

Goldman Sachs, the high-profile Wall Street investment bank, looks likely to play a key role for the bitcoin ETFs that BlackRock and Grayscale want to introduce in the U.S., according to two people familiar with the situation. The company is in talks to be an authorized participant, or AP, for the exchange-traded funds, according to the people, who requested anonymity. That’s one of the most important jobs in the multi trillion-dollar ETF industry, a role that involves creating and redeeming ETF shares to ensure the products trade in lockstep with…

Shibarium Transactions Crash Almost 50%, Shiba Inu Price Wobbles

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The Shiba Inu layer-2 network Shibarium enjoyed significant success at the end of 2023, crossing several milestones in the process. However, the network looks to be experiencing a cooling-off period following a significant drop in the number of transactions. Shiba Inu (SHIB) also looks to be affected by this development following a notable decline in its price.  Daily Transactions On Shibarium Drop By Almost 50% Data from the Shibarium explorer shows that daily transactions on the network have significantly dropped since the new year began. Only just over 4 million…

Citigroup alumni to offer BTC securities without SEC’s approval

Former executives of Citigroup Inc. will offer Bitcoin (BTC)-backed securities. According to a Bloomberg report published on Jan. 4 former Citigroup executives will offer BTC-backed securities that they say do not need approval from US regulators. The brazen move will see the issuer startup what is known as a “Receipts Depositary Corporation, or RDC. The securities will be Bitcoin Depositary Receipts that function similar to American Depositary Receipts representing foreign stocks. According to the company, the BTC DR offering will provide institutions with access to securities through the US regulated…