Day: January 28, 2024

Analysts expect Charles Schwab to make a Bitcoin ETF play

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Industry analysts expect Charles Schwab may venture into offering a proprietary spot Bitcoin exchange-traded fund (ETF). According to RIABiz and other media outlets, analysts speculate that the firm — which offers investment products and services, including brokerage and retirement accounts and manages $8.5 trillion in client assets — may launch a spot Bitcoin ETF. Simply put… Schwab not gonna sit around & let Fidelity control crypto narrative. Period. Too much $$$ at stake w/ these brokerage platforms. — Nate Geraci (@NateGeraci) January 27, 2024 With a reputation for conservative and…

As crypto whales buy more Ethereum and Shiba Inu, interest in Pullix surges

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The crypto market fell following the approval of spot Bitcoin ETFs. However, many investors took advantage of the dip to buy more Ethereum (ETH) and Shiba Inu (SHIB). Pullix (PLX) is also drawing investor interest, raising over $4.6 million in ongoing presale. Whales double down on Ethereum Ethereum recently fell. While some investors sold their ETH, whales took advantage of the low prices to buy more. According to Spot…

Regulators seek public input on AI scams, market influence

Regulators are shedding light on scammers leveraging the allure of artificial intelligence (AI) to promote crypto trading systems with faulty claims of high or guaranteed returns. With the trend of using automated software for trading increasing, the Commodity Futures Trading Commission (CFTC) issued a customer advisory stressing that these AI systems cannot foresee market movements definitively.  See below. The customer advisory titled “AI Won’t Turn Trading Bots into Money Machines” exposes the fraudulent tactics used to attract investors, recounting tales like that of Cornelius Johannes Steynberg, who swindled over $1.7…

How To Buy, Sell, And Trade Crypto Tokens On The Tron Network

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The Tron network is a decentralized blockchain platform that aspires to create an expansive and interconnected global digital content ecosystem. At its core, Tron leverages its native cryptocurrency, TRX, to facilitate seamless transactions and interactions within the network. An outstanding advantage of the Tron (TRX) network lies in its exceptional scalability and impressive transaction processing capacity. This remarkable feature enables Tron to process a substantial number of transactions swiftly, ensuring the smooth execution of smart contracts and decentralized applications (DApps). The network’s scalability is of utmost importance as it plays…

Hong Kong regulators wary of unauthorized crypto staking

Hong Kong’s Securities and Futures Commission (SFC) has issued a cautionary statement, alerting the public to be wary of high-yield crypto investment schemes including the “Floki Staking Program” and “TokenFi Staking Program.”  SFC warn investors  According to a recent announcement, the Hong Kong Securities and Futures Commission (SFC) has made it clear that both the “Floki Staking Program” and “TokenFi Staking Program” lack authorization for offering to the Hong Kong public.  The regulator says both offerings involve cryptocurrency staking services that claim to deliver notably high annualized returns, ranging from…

DeeStream to tap into $250b market as Ethereum and Chainlink struggle

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. DeeStream (DST) is a decentralized streaming platform offering advantages such as greater freedom of expression, lower fees, and more transparency. In stage one of its presale, DST is trading for $0.035.  Early DST investors may benefit from the decentralized streaming market, projected to reach $250 billion by 2027. Ethereum is resilient Despite the recent downturn, Ethereum (ETH) has remained relatively stable, holding above $2,200.  This stability may be due…

Bitcoin ETF outflows, Silk Road, Terraform

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Bitcoin (BTC) mounted a recovery, taking the rest of the market with it, despite sustained outflows from spot Bitcoin exchange-traded funds. The U.S. government made moves to sell $131 million in BTC confiscated from Silk Road. Meanwhile, Terraform Labs goes bankrupt. Spot Bitcoin ETFs record outflows This week featured massive negative net flows from the spot Bitcoin ETF market, largely due to substantial outflows from the Grayscale Bitcoin Trust (GBTC), as investors exited the project due to high fees. Particularly, on Jan. 24, the spot Bitcoin ETF market recorded the…

How To Buy, Sell, And Trade Crypto On The Base Network

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The foundational infrastructure of the Base Network brings about yet another Ethereum Layer 2 network, distinguished by its scalability and empowerment through the notable association with Coinbase. Coinbase is recognized globally as one of the most trusted cryptocurrency exchanges and companies, Coinbase effectively manages a diverse portfolio of crypto assets, solidifying its status as a cornerstone within the digital currency realm. Positioned as a pivotal solution to address the persistent challenge of high transaction costs within the Ethereum network, the Base Chain stands quite firmly to revolutionize transaction fees, delivering…

Analysts bullish on LINK, SOL, and ETH as GFOX presale eyes $4m

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. This article explores the growth potential of Chainlink (LINK), Solana (SOL), and Ethereum (ETH). It also delves into Galaxy Fox, a crypto project targeting $4 million in the ongoing presale. Chainlink is resilient Despite the market downturn, LINK has been holding its ground.  The token has recovered and is trading above the $14.2 support level.  This may suggest buyers are still interested in Chainlink, and there is potential for…

Google’s new crypto ad policy boosts Bitcoin ETF visibility

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Google, a subsidiary of tech conglomerate Alphabet, is on the verge of a significant policy update set to take effect on Jan. 29, which could alter the landscape of cryptocurrency advertising. Now that the U.S. Securities and Exchange Commission’s (SEC) approved 11 spot Bitcoin (BTC) ETFs on Jan. 10, Google is expected to amend its rules and enable asset managers to advertise these products to a broader U.S. audience. This move follows Google’s recent decision to broaden its cryptocurrency and related products’ policy, now providing advertisers with specific guidelines for…