Day: February 14, 2024

Upcoming High-Level EU Financial Policy Talks Could Steer Crypto Oversight: Source

The FSC, designed to promote policy coordination between EU states, is seeking feedback from its members on priorities and challenges for the next five years in digital finance, sustainable finance, competitiveness of the EU financial sector and economic security, according to the paper. Digital finance, which includes crypto assets and service providers thanks to robust new laws, topped the list of topics to be discussed. Source

Sees $4 Billion Monthly Inflow From Users

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Robinhood, a significant player in the United States financial technology sector, has recorded major growth. The platform has seen a notable rise in monthly user inflow. Robinhood Monthly Deposits Surges To New Height A correspondent at CNBC, Kate Rooney, recently shared the development with the crypto community on the X (formerly Twitter) platform. The CNBC reporter said Robinhood recorded increased profits in its most recent quarterly results. Rooney pointed out that the platform is making some headway in its attempt to overtake established “brokerage companies” for market dominance. Additionally, Robinhood…

Coinbase (COIN) to Report Strong Earnings, ETF Benefits May Surprise Wall Street, Analysts Say

He points out that outflows from ETFs – driven by Grayscale’s Bitcoin Trust (GBTC) – outpaced the inflows for the funds that Coinbase provides custodial services for, dragging down Coinbase’s ETF-related assets under management (AUM). In addition, spot volumes on the exchange have slowed after the initial excitement surrounding the ETF launch, Dolev said. Source BitcoincryptoexchangeExchanges CryptoX Portal

Bitcoin’s OP_CAT, Fake Ethereum Tokens, Starknet’s Airdrop

FILES NOT FOUND: Ethereum has a standardized process for adding new token standards, including the well-known ERC-20, for fungible tokens, and ERC-721, for non-fungible tokens or NFTs. But a new unofficial token standard, ERC-404 is suddenly getting traction – and there’s now a supposedly improved version called DN-404. Both standards aim to combine virtues of fungible and non-fungible tokens, theoretically offering the potential to fractionalize NFTs – sort of like creating separate tokens representing a partial interest. The first ERC-404 token, PANDORA, traded as high as $32,000 on Friday morning…

$1,600,000,000,000 Asset Manager Submits Application for Spot Market Ethereum Exchange-Traded Fund (ETF)

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Global investment giant Franklin Templeton has submitted an application to the U.S. Securities and Exchange Commission (SEC) for a spot market Ethereum (ETH) exchange-traded fund (ETF). The investment firm, which currently reports $1.6 trillion in assets under management (AUM), was one of 11 applicants who received approval from the SEC last month to launch a spot Bitcoin (BTC) ETF. If the product is approved, the Bank of New York Mellon will be the custodian of the fund’s cash holdings, according to Franklin Templeton’s filing, which was submitted on February 12th.…

Craig Wright Cross Examination On Whether He’s Bitcoin Creator Ends as COPA Trial Closes for Day

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The trial, brought in the U.K. by the Crypto Open Patent Alliance, is well into its second week. Wright has testified for the last several days, answering questions about his connections to the world’s first cryptocurrency. He was cross-examined by COPA’s lawyers as well as counsel for the other plaintiff, a group of Bitcoin developers, who asked questions on what compensation he would want, keys, his validation claims and his self-proclaimed decision to lock bitcoin money and information in a trust. Original

Shiba Inu Price Set For A Possible 73% Surge

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Over the past seven days, the Shiba Inu price has shown strong signs of a bullish reversal. A technical analysis of Shiba Inu (SHIB) against the US Dollar (USD) reveals a compelling narrative of a breakout from a bearish pattern that could signal a strong bullish reversal. Shiba Inu Price Confirms Breakout Since mid-December 2023, SHIB has been trading within a descending parallel channel, as observed on the daily chart. This channel, characterized by two parallel downward-sloping trendlines, has framed the price action, creating a series of lower highs and…

Bitcoin Short Squeeze Wipes Out $89M as Price Surges to $52K; ETF Inflows Hit $4B

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The price of bitcoin soared past the $52K milestone on Wednesday, reaching $52,056 per unit on Bitstamp at 10:05 a.m. Eastern Time. Bitcoin’s meteoric rise over the past day triggered a wave of liquidated leveraged positions, wiping out $89.28 million in short positions. ‘Sustained High Levels of Illiquid Supply’ Bolster Bitcoin’s Price After the U.S. […] Original