Day: January 11, 2024

Coinbase, Robinhood shares rise as bitcoin ETF approval adds credibility to cryptocurrency industry

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SAN ANSELMO, CALIFORNIA – JUNE 06: In this photo illustration, the Coinbase logo is displayed on a screen on June 06, 2023 in San Anselmo, California. The Securities And Exchange Commission has filed a lawsuit against cryptocurrency exchange Coinbase for allegedly violating securities laws by acting as an exchange, a broker and a clearing agency without registering with the Securities and Exchange Commission. (Photo Illustration by Justin Sullivan/Getty Images) Justin Sullivan | Getty Images Shares of Coinbase and Robinhood popped Thursday as traders bet the approval of bitcoin exchange-traded funds…

SEC’s Gensler gives in to a bitcoin ETF, but the hostility is still there

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Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), during an interview in Washington, DC, US, on Thursday, July 27, 2023.ย  Andrew Harrer | Bloomberg | Getty Images Securities and Exchange Commission Chair Gary Gensler’s statement on why the agency has approved the listing and trading of a group of spot bitcoin ETFs indicates that he is still hostile to the cryptocurrency in general. Gensler was faced with the difficult task of explaining why the SEC has reversed its position on bitcoin ETFs.ย He said that circumstances “have changed.”…

Ether ETF Next? Traders Bet ETH Is Next After Historic Bitcoin ETF Approval

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Grayscale Says GBTC Is the First Spot Bitcoin ETF To Begin Trading

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Industry Input ‘Really Important’ to Stablecoin Rulemaking Under MiCA, EU Banking Officials Say

โ€œWe pay high attention to this batch and need also a very good understanding with you, so please seize this public hearing as an opportunity to dialogue with us so we start on the right footing,โ€ Isabel Vaillant, EBA director of prudential regulation, said during the hearing. Another official said it was โ€œreally important” to get input from various stakeholders. Source

Bitget exec dispels insolvency rumors spread on X

Bitgetโ€™s managing director, Gracy Chen, commented on an X post that discussed the insolvency of the exchange and the alleged disappearance of its key officials. In the wake of widespread rumors questioning the financial stability of Bitget, a cryptocurrency exchange and a web 3, the companyโ€™s managing director, Gracy Chen, has come forward to deny these claims categorically. Waiting for the good news about #BitcoinETF, then FUD comes again? ๐Ÿ˜‚ Everything at #Bitget is working well. Funds are safe and the whole team is working hard to prepare for the…

Bulls Charge As Ethereum Nears $2,600

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Ethereum (ETH) continued its upward trajectory Wednesday, clocking a 10% gain in 24 hours to breach past the vaunted $2,600 mark. Market watchers attribute this surge to a confluence of factors, primarily fueled by anticipation of a forthcoming Ethereum exchange-traded fund (ETF) in the wake of the expected approval for a Bitcoin ETF in the US. In a historic move that cryptocurrency aficionados hope will bring more individual and institutional investors into the market, the US Securities and Exchange Commission has approved the first spot bitcoin exchange traded funds on…