Month: January 2024

SEC OKs spot BTC ETFs, Bitcoin retests $49k

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This week witnessed a historic development, as U.S. regulators approved all 11 spot BTC ETF filings. Afterward, Bitcoin retested the $49,000 level for the first time in 24 months. Meanwhile, USDC issuer Circle filed to go public in the U.S. Developments around the spot BTC ETF This week, the crypto industry expected a decision from the Securities and Exchange Commission (SEC) on the multiple filings for spot BTC ETF products in the U.S. Several asset managers looking to launch the product filed amendments to include disclosures on fees for the…

Vanguard ceases support for Bitcoin futures ETF purchase

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Vanguard, one of the world’s largest asset managers, continues to maintain its anti-Bitcoin sentiment, with the company recently stating that it would stop the purchase of Bitcoin futures exchange-traded funds (ETFs) on its platform. A Vanguard spokesperson confirmed to Axios that it will stop the purchase of all crypto-related products. The move will allow the asset manager to offer investors a “core set of products and services” in line with its policy and objectives.  As previously reported by crypto.news, Vanguard announced that the trading of spot Bitcoin ETFs – which…

How To Buy And Trade Tokens On The SEI Network

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In the dynamic trading world where time is of the essence and you are looking for a combo of speed and low fees, the SEI Network is the fastest decentralized Cosmos-based L1 blockchain that is trading-based with the availability of decentralized exchanges (DExs).  The SEI Network has been optimized to handle large volumes of transactions quickly and efficiently while keeping costs low. This makes it an attractive option for businesses and individuals looking to exchange value in a fast, efficient, and cost-effective manner. The network has an in-built order book…

Ukrainian authorities arrest 29-year-old cryptojacker

The National Police of Ukraine, with the support of Europol, apprehended a so-called “cryptojacker” for breaching cloud accounts and illicitly mining cryptocurrencies via one million virtual servers. The arrest signifies a notable escalation in the scope of crypto-jacking, a cyberattack method where hackers seize computer resources to mine cryptocurrencies illegally. Crypto-jacker apprehended  In Ukraine, authorities apprehended a 29-year-old for unlawfully mining cryptocurrencies by compromising numerous cloud accounts. The arrest, executed on Jan. 9 in Mykolaiv, resulted from a collaboration between Europol and an undisclosed cloud service provider. Europol described the…

Venezuela’s oil-backed cryptocurrency Petro to shut down

The Venezuelan government will reportedly shut down Petro (PTR), its state-issued, oil-backed crypto, which was subject to controversy and did not see mass adoption by citizens in the country.  According to reports, crypto wallets on the Patria website, the trading platform for Venezuela’s Petro, will cease operations on Monday, Jan. 15, with the remaining Petro converted to bolivar, the country’s fiat currency.  Petro’s demise comes nearly six years after its official launch in 2018. Venezuelan President Nicolás Maduro said at the time that the crypto will help to circumvent harsh…

Bitcoin hash rate at all-time highs; Gala and InQubeta in focus

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The Bitcoin (BTC) hash rate peaked on Jan. 6, hitting 549 EH/s, ahead of the halving event. While Bitcoin is on focus, other altcoins like Gala (GALA) and InQubeta (QUBE) are also gaining traction in the market. Exploring InQubeta  InQubeta blends AI and blockchain.  Currently in its presale stage, InQubeta has already raised over $8.1 million. Operating at the intersection of AI and blockchain, two transforming technologies, InQubeta aims to…

Vanguard will soften anti-ETF stance, analyst predicts

Bloomberg’s senior ETF analyst Eric Balchunas predicts a potential softening in asset manager Vanguard’s rigid stance against spot Bitcoin exchange-traded funds (ETFs). Recognized for its conservatism, Vanguard recently gained notoriety for maintaining a considerable distance from Bitcoin (BTC) and other digital currencies due to the sector’s volatile nature. However, Balchunas suggests that the growing necessity for wealth expansion and diversified investments might nudge the Valley Forge, Pennsylvania-based firm in the opposite direction. Vanguard, which manages assets valued at about $7.7 trillion, will likely reevaluate its position on alternative assets like…

Peter Schiff doubts BTC investors will ‘hodl’ after weekend

Economist and cryptocurrency critic Peter Schiff recently shared his views on the recent introduction of Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S. market. Schiff’s remarks came as the Bitcoin price nosedived shortly after the launch of 11 Bitcoin ETFs, wiping out most of the gains of 2024.  The media personality’s perspective, shared on his social media account on Jan. 13, suggests that the initial investors of these ETFs may be ruining their decisions. Bitcoin has already fallen from just above $49K yesterday, to just below $42K today. That’s over…

Crypto’s skeptics have a tougher case to argue in 2024

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Crypto naysayers have had plenty of vindication over the last two years. The spectacle of Terra’s collapse in May 2022 was only superseded by the downfall of Sam Bankman-Fried and his empire six months later. His trial became one of the most hotly anticipated events of 2023. On the other hand, high-profile lawsuits against Coinbase and Binance by the SEC in June came as more of a…

Ethereum $2,600 Breach Paves Way For ETH Ascent To $3,000

Ethereum has staged a remarkable coup, outshining Bitcoin with a 14% surge in just two weeks. This week, the digital currency shattered a key psychological barrier, surpassing $2,600 for the first time since May 2022. This decisive breach, backed by strong fundamentals and an increasingly bullish sentiment, could pave the way for Ethereum’s ascent to a coveted $3,000 mark. Ethereum Breaches Critical Psychological Barrier  The $2,600 level wasn’t just a random resistance point; it represented a critical psychological hurdle for Ethereum. Breaching this level not only confirmed the ongoing uptrend…