Day: January 10, 2024

CoinGecko’s X accounts breached by hackers

Cryptocurrency aggregator CoinGecko faces a security breach as X accounts @CoinGecko and @GeckoTerminal are compromised; users cautioned against interaction. CoinGecko, a prominent cryptocurrency data aggregator, revealed that unauthorized users had accessed its two accounts. The company is swiftly investigating the situation and implementing measures to secure the affected accounts. Our Twitter accounts @CoinGecko and @GeckoTerminal have been compromised. We’re taking immediate steps to investigate the situation and secure our accounts. Please DO NOT click on any links or engage with suspicious content. Your security is our top priority. We’ll keep…

SEC approves rule changes that pave the way for bitcoin ETFs

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The U.S. Securities and Exchange Commission on Wednesday approved rule changes to allow the creation of bitcoin exchange-traded funds in the U.S., a long-awaited move that will give regular investors access to the controversial and volatile cryptocurrency. The decision will likely lead to the conversion of the Grayscale Bitcoin Trust, which holds about $29 billion of the cryptocurrency, into an ETF, as well as the launch of competing funds from mainstream issuers such as BlackRock’s iShares and Fidelity. The first funds are poised to begin trading Thursday. The approval may…

SEC Approves All 11 Spot Bitcoin ETFs, BTC Price Holds Steady At $46,000

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In a groundbreaking development for the cryptocurrency and Bitcoin market, the United States Securities and Exchange Commission (SEC) has approved all 11 spot Bitcoin ETFs submitted by the world’s largest asset managers.  Bitcoin ETFs Align With Exchange Act Standards In its official filing, the SEC stated that each proposal sought to list and trade shares of a trust that would hold spot Bitcoin, either wholly or partially.  Importantly, the commission found that the proposals were consistent with the provisions of the Exchange Act and the applicable rules and regulations governing…

SEC approves spot Bitcoin ETF on accelerated basis

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The United States Securities and Exchange Commission (SEC) approved multiple spot Bitcoin ETFs on Jan. 10. According to an official SEC filing, spot Bitcoin ETFs have been approved for listing on all registered national exchanges in the U.S., including the Nasdaq, NYSE, and CBOE, following a decade-long hunt for these products. The approval means ETFs will go live in trading at the CBOE from 9 am on Jan. 11 when the U.S. stock market opens 11 issuers were mentioned in the SEC’s approval filing, issuing the green light to list…

Renowned Finance Author Says Bitcoin Price Is Headed For $150,000, Reveals Catalyst

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Renowned finance author Robert Kiyosaki has shared his thoughts on the future trajectory of the Bitcoin price. The author, who is no stranger to the crypto community, says that Bitcoin could rise to $150,000 while revealing what will spark this significant price surge.  What Will Spark Bitcoin’s Rise To $150,000 Kiyosaki hinted in a post on his X (formerly Twitter) platform that the Spot Bitcoin ETFs will be the catalyst for Bitcoin’s rise to $150,000. He, however, didn’t say exactly when Bitcoin will hit this price level as he only…

SEC Posts Order Approving Bitcoin ETFs, And Then It Disappears From Website

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Bitcoin ETFs Win SEC Approval, Bringing Easier Access to Biggest Cryptocurrency

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About a dozen companies, including BlackRock, Fidelity and Grayscale, sought to create bitcoin (BTC) ETFs. In recent days they’ve announced – and, in some cases, slashed – the fees they plan to charge investors, suggesting a fierce battle to collect investors’ money is ahead. These are spot ETFs, meaning they hold bitcoin itself, versus the already-approved bitcoin futures ETFs, which hold derivatives contracts tied to BTC. Original

Crypto Payments Soared To Unprecedented Levels In 2023, CoinGate Report Reveals

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The year 2023 witnessed a remarkable surge in crypto payments, signaling a significant milestone in adopting digital currencies for retail and e-commerce transactions.  According to a recent report by CoinGate, a crypto payment processor firm, the number of crypto payments processed reached staggering heights, showcasing robust growth and diversification in the crypto landscape.  Massive Surge In Crypto Payments In 2023, CoinGate processed an astounding 1,294,058 cryptocurrency payments, marking a 39.4% increase compared to the previous record. This exponential growth, equivalent to one payment every 24 seconds, underscores the accelerating pace…

What false Bitcoin ETF Approval means for BTC

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YouTube analyst Crypto Banter predicts that Bitcoin is still on an uptrend despite a false SEC announcement and Gary Gensler’s clarification. The analyst reveals the market hates uncertainty, which has led to the choppy Bitcoin price. When considering what’s next, the analyst, joined by guest Jason Pizzino, shares in a Jan. 10 video that although the BTC market might see a correction, it doesn’t mean the market is going below $30,000 to $32,000 since the market has seen 22% corrections on its way up. Therefore, for the market to go…