Day: February 17, 2024

BlackRock CEO teases feasibility of an XRP ETF

Asset management firm BlackRock is stirring interest within the cryptocurrency community by hinting at the potential launch of an XRP-based exchange-traded fund (ETF).  Although the firm hasn’t officially confirmed plans for an immediate spot XRP ETF filing, speculation has heightened following cryptic comments from BlackRock CEO Larry Fink and the company’s involvement in other cryptocurrency ETF proposals. The U.S. Securities and Exchange Commission’s (SEC) continued legal battle against Ripple, the company behind XRP, has raised doubts regarding the potential approval soon. In July 2023, a judge presiding over the SEC’s…

Peter Brandt Warns Against Trusting SEC Chair Gary Gensler — Says He Has Long History of Not Protecting Investors

Veteran trader Peter Brandt has warned that U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler should not be trusted. He stressed that Gensler “has a long history of not looking out for the interests of investors.” Brandt further emphasized that the SEC chairman “was instrumental in the bankruptcy” of a major company and was […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Bitcoin Cash investors shift to Deestream as Bitcoin’s path to $90k explored

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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. BCH & BTC surge, while Deestream’s presale draws major investor interest as the first web3 streaming platform. Let’s take a look at three tokens that currently have investors feeling: Bitcoin Cash (BCH), Bitcoin (BTC), and Deestream (DST), the world’s first-ever decentralized streaming platform. Bitcoin Cash sees notable gains Bitcoin Cash has been rewarding both short-term traders and long-term investors recently, with a 9.4% increase in price over the last…

DeeStream presale draws Polkadot and Ripple investors

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin’s rally past $50k sparks investor interest in DeeStream, with DOT and XRP communities eyeing its streaming industry potential. Amidst the ongoing crypto bullish rally catalyzed by Bitcoin’s (BTC) surge past $50k, we delve into the market dynamics of Polkadot (DOT) and Ripple (XRP), closely examining the behavior of their respective investor communities. Of particular interest is the growing attention directed towards DeeStream (DST), a novel blockchain initiative poised…

Nigeria’s Headline Inflation Increases as Central Bank Intensifies Foreign Exchange Controls

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In the first month of 2024, Nigeria’s headline inflation rose from nearly one percent to 29.9%. However, on a year-on-year basis, the January 2024 headline inflation rate was 8.08 percentage points higher than the January 2023 rate. Many commentators identify foreign exchange shortages as the root cause of the naira’s poor performance against major currencies. […] Source

USDC holders flock to Kelexo lending as Ethereum sees potential

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. USDC holders eye Kelexo lending; ETH hits $2,800. Kelexo’s presale at $0.028 aims to transform defi lending in 2024. Due to its approach, USD Coin (USDC) holders are interested in the Kelexo (KLXO) lending platform. With a low-risk assessment, USD Coin maintains its stability at $1.00. Ethereum (ETH) is gaining momentum as a significant investor’s confidence indicates positive trends, reaching a new peak at $2,800. Kelexo, set to revolutionize…

Bankrupt Celsius disburses $2b worth of crypto to creditors

Bankrupt cryptocurrency platform Celsius has allocated $2 billion worth of crypto to thousands of creditors. The distribution, facilitated through PayPal and Coinbase, forms part of Celsius Network’s ongoing strategy to address obligations to creditors. Celsius repays creditors  In a recent court filing, Kirkland & Ellis — the Chicago-based law firm advising Celsius — shared an update on the creditor fund distributions outlined in the restructuring plan. This development comes after Celsius announced its emergence from bankruptcy, a process initiated in July 2022. Kirkland & Ellis disclosed that distributions of cryptocurrency…

New Wave of Bitcoin ETFs Acquire 264,232 BTC Worth $13.5B in Just 5 Weeks, Blackrock’s IBIT Leads Charge

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In the last 37 days, the newly introduced nine spot bitcoin exchange-traded funds (ETFs) have rapidly accumulated a remarkable total of 264,232.74 bitcoin, now valued at $13.5 billion based on the current exchange rates. Leading the pack, Blackrock’s IBIT ETF holds a substantial 43% of this total, with 115,989.80 bitcoins in its coffers. $13.5B in […] Original

SEC fines Van Eck $1.75m for influencer’s role in ETF launch

The U.S. Securities and Exchange Commission (SEC) has imposed a hefty $1.75 million civil penalty on prominent investment adviser Van Eck Associates Corporation. In a Feb. 16 statement, the SEC disclosed that during Van Eck’s 2021 launch of a new exchange-traded fund (ETF), the VanEck Social Sentiment ETF, the investment firm did not fully disclose the involvement of a well-known social media personality in the marketing of the product.  SEC is making VanEck pay a $1.75m fine bc they didn’t disclose to fund board that “well-known and controversial” social media…