Month: January 2024

Multiple spot Bitcoin ETF issuers file amendments with fees

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BTC broke above $45,000 as BlackRock, Grayscale, ARK 21Shares, and other firms submitted updated spot Bitcoin ETF forms leading up to the first deadline for approval.  As of 10 a.m. ET on Jan. 8, 10 spot Bitcoin ETF issuers had filed amended S-1 and S-3 forms with the United States Securities and Exchange Commission (SEC) in a final push for approval of traditional financial funds that would track the price of spot Bitcoin (BTC), the largest cryptocurrency. Valkyria, Wisdomtree, Invesco Galaxy, BlackRock, ARK 21Shares, VanEck, Fidelity, Bitwise, and Franklin Templeton…

In Bitcoin (BTC) ETF Battle, Grayscale (GBTC) Is Bringing ‘A Gun to a Knife Fight’

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Certain esoteric factors can be added to this. Although it isn’t Grayscale’s fault, Chung said, one unknown factor is how much goodwill Grayscale has lost with investors through the years of big NAV discounts. Then there’s the unfortunate circumstance of Grayscale’s owner, Digital Currency Group, having legal woes. “Although, in reality, GBTC is bankruptcy-remote, not every investor understands that. Some may just feel better going to BlackRock or Invesco,” Chung said. (Another DCG division, Genesis, is restructuring in bankruptcy court.) Original

North Korean Hacking Group Lazarus Withdraws $1.2M of Bitcoin From Coin Mixer

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Generally speaking, a coin mixer, sometimes referred to as a tumbler, is a blockchain-based protocol that can be used to obscure the ownership of cryptocurrencies by mixing them with coins from other users before redistributing them – so no one can tell who got what. Typically, the transparency of blockchains makes it a straightforward exercise to track the crypto’s provenance and transfers. Original

Expert Claims Wall Street Wants To Take Bitcoin Out Of Reach Of The Common Man

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A crypto trader has presented a compelling argument concerning the future accessibility of Bitcoin, alleging that Wall Street is aiming to drive the price of BTC beyond the reach of the common investor.  BTC Accessibility Concerns Crypto trading expert, Oliver L. Velez has recently taken to X (formerly Twitter) to release a post, claiming that Wall Street may be organizing a deliberate strategy to cut off Bitcoin’s accessibility to regular investors.  The crypto trader’s comments present an alarming scenario for Bitcoin investors‘ future. According to Velez, Wall Street, which has…

Bitcoin Tops $45,000 As BlackRock, Fidelity, Others File Final S-1s

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All applicants for a spot Bitcoin exchange-traded fund (ETF) have submitted their final Form S-1 amendments to the United States Securities and Exchange Commission (SEC). This marks a pivotal moment, especially as the deadline for submission was set for 8:00 am EST today, January 8. Leading the pack, Valkyrie submitted its final S-1 amendment well ahead of the speculated January 10 date, which many industry insiders believe could see the first approvals of spot Bitcoin ETFs in the US. Following suit, major players such as WisdomTree, BlackRock, VanEck, Invesco, Galaxy,…

Crypto exchange Upbit secures full operational license in Singapore

South Korean crypto exchange Upbit has secured a full license in Singapore, enabling its digital asset business to expand in the region. Upbit received final regulatory approval in Singapore with the exchange announcing it had secured a full license on Jan. 8. The latest development is three months after the exchange announced it had received in-principle approval from the Monetary Authority of Singapore (MAS) for offering digital token payment services. “This license marks an important step for us to serve institutional and retail clients with cutting-edge digital asset solutions contributing…

Polygon NFTs Explode: 6-Month High Volume Ignites Market

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After a very dull performance over the majority of 2023, the Polygon PoS chain managed to gather considerable pace and demonstrate notable strength in the latter part of the year. Data indicates that, in addition to the remarkable price performance of MATIC, the Polygon network’s native token, there was a lot of excitement surrounding Polygon’s NFT ecosystem in December of the previous year. Polygon NFT Surge: Sales Volume Peaks An increase in the overall number of NFT deals and an upward trend in NFT sales volume, especially during the past…