“Bitcoin ETFs will be transformative for the industry, allowing for vastly greater access from traditional wealth management – their launch will bring new investment into bitcoin from pensions, endowments, insurance companies, sovereign wealth, retirement plans, trusts, and many more,” shared Henry Robinson, founder at crypto fund Decimal Digital Group, in an email to CoinDesk. Original
Despite the United States Securities and Exchange Commission (SEC) granting approval for Spot Bitcoin ETFs, TD Cowen, a prominent American investment bank and financial service firm, foresees potential delays in the approval process of Ethereum Spot ETFs. Ethereum Spot ETF Faces Potential Hold-Up TD Cowen, an investment bank and financial service division of TD Securities has made a bold forecast, predicting that the US SEC is unlikely to approve Ethereum Spot ETFs before its deadline. Presently, the SEC is obligated to make its final decision on its rejection or acceptance…
It is expected that the demand for Bitcoin will rise in ways that have never been seen in its entire history. Pixelmatic and JAN3 CEO Samson Mow has given one of the most “outrageous” predictions yet for Bitcoin. Mow, who has always bet big on Bitcoin, recently hinted that the BTC price may well be on its way to $1 million. The recent approval of spot Bitcoin ETFs and the upcoming halving event have already driven BTC demand up. However, Mow believes that it is only a matter of “days…
The Information Commissioner’s Office (ICO) has launched a consultation series on generative Artificial Intelligence (AI), examining how aspects of data protection law should apply to the development and use of the technology. Generative AI models are being used across the economy to create new content, from music to computer code. The first consultation examines when it is lawful to train generative AI models on personal data scraped from the web. “The impact of generative AI can be transformative for society if it’s developed and deployed responsibly. “This call for views…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana (SOL) may rise 65.7% in 2024. Avalanche (AVAX) will retest $63 by the end of 2024. Rebel Satoshi (RBLZ) may rally in 2024. Crypto analysts are sharing 2024 outlooks to guide investment decisions. Altcoins like Solana (SOL) and Avalanche (AVAX) may likely see strong gains next year. The new meme coin Rebel Satoshi (RBLZ) is also emerging as an analysts’ pick. Reviewing expert projections around SOL, AVAX, and RBLZ…
The market reaction to the U.S. Securities and Exchange Commission’s (SEC) reluctant approval of spot bitcoin (BTC) ETFs has been relatively muted, with the focus now shifting to how much capital these new ETFs will pull in, the report said “We are skeptical of the optimism shared by many market participants at the moment that a lot of fresh capital will enter the crypto space as a result of the spot bitcoin ETF approval,” analysts led by Nikolaos Panigirtzoglou wrote. Still, the bank does see a significant rotation from existing…
Fidelity Digital suggests that 2024 might witness a resurgence of institutional interest in DeFi yields. In its recently released 2024 Digital Assets Look Ahead report, asset manager Fidelity Investments predicts a potential resurgence of institutional interest in Decentralized Finance (DeFi) and stablecoins, based on the Federal Reserve‘s anticipated interest rate cuts. Stablecoins and Institutional Adoption Fidelity Digital, the crypto arm of the firm identifies stablecoins, pegged to the US dollar, as a catalyst for adoption in 2024. The report suggests that traditional finance firms exploring stablecoins for settlements could bring…
Paolo Ardoino explained that the attacker anticipated Bitfinex’s system would be improperly configured to process partial payments. In a recent turn of events, Bitfinex, a prominent crypto exchange, successfully thwarted a sophisticated cyber attack involving an attempted transaction of nearly $15 billion worth of Ripple’s XRP. In a post on X, formerly Twitter, Whale Alert, a well-known blockchain tracking entity, initially reported the incident noting that an unknown wallet successfully moved 25.6 billion XRP, nearly half of the token’s total supply, to Bitfinex. However, Whale Alert retracted its statement, attributing…
Traders in the crypto realm are watching Chainlink (LINK) with bated breath as the price coils up near the $16 mark, hinting at a possible break out towards $17, or even $20 given the right conditions this week. Since November, LINK has been consolidating between $13.00 and $17.00, exhibiting classic market cycle behavior that presents prime opportunities for savvy traders. Technical analysts are buzzing with potential bullish scenarios, with many pointing to the current price action as the telltale sign of an “accumulation phase.” As per the renowned Wyckoff method,…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana (SOL) is down, shaking investor confidence, with some having anticipated the altcoin to reach $200. However, an analyst remains optimistic about further gains. Another analyst predicts that the Pullix presale token could soon reach $0.1. Meanwhile, Stacks proponents aim to regain the $2 price level. Pullix bulls target $0.1 Pullix recently rose to $0.08. Pullix combines aspects of decentralized (DEX) and centralized (CEX) exchanges, providing users with a comprehensive trading experience. …