The chief executive of JPMorgan Chase, Jamie Dimon, has doubled down on his anti-crypto stance, declaring that he will never personally buy bitcoin. His investment bank, however, is an authorized participant for Blackrock’s spot bitcoin exchange-traded fund (ETF). Despite his personal reservations about bitcoin, Dimon acknowledged his clients’ interest and championed their freedom to invest. […] Original
Former U.S. President Donald Trump says bitcoin is an “additional form of currency,” emphasizing that the crypto has taken on a life of its own. He also lets people pay for his merchandise with cryptocurrencies. “There has been a lot of use of that, and I’m not sure that I’d want to take it away […] Original
Experts are unsure whether spot Ethereum ETFs will be approved by May. Bloomberg ETF expert Eric Balchunas said on X that the likelihood of spot Ethereum (ETH) ETF applications being accepted by May is less than 50% due to the absence of telltale signs present before spot Bitcoin (BTC) ETFs were approved in January. Analysts previously predicted a 60% to 70% chance of approval by May. Fox’s Eleanor Terrett also shared this sentiment, pointing out that the U.S. SEC has yet to engage issuers as it did for spot BTC…
As Bitcoin (BTC) continues its remarkable ascent, reaching a new all-time high (ATH) of $72,300, investors wonder when the current bull market will peak. Considering historical data and the upcoming halving event scheduled for April 2024, crypto analyst Rekt Capital has provided insights into potential timing. Bitcoin Peak Expected Sooner Than Expected? By examining previous halving cycles and the “acceleration” observed in the current cycle, Rekt Capital suggests that Bitcoin’s bull market may peak within 266-315 days from breaking its old all-time high, potentially occurring in December 2024 or February…
While bitcoin and ethereum have gathered 8.9% and 13.5% gains against the U.S. dollar this week, a large handful of crypto assets recorded double-digit rises. At present, the crypto economy is now valued at $2.72 trillion, up 3.62% over the past day. Crypto Economy Swells to $2.72 Trillion On Monday, over two dozen crypto assets […] Source CryptoX Portal
The United Kingdom’s Financial Conduct Authority has said it will not object to requests by recognised investment exchanges to launch crypto-backed exchange-traded notes. The exchange-traded notes will only be made available to professional investors such as regulated investment firms. ETNs Must Adhere to UK Listing Requirements The Financial Conduct Authority (FCA), the watchdog for the […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Pepe coin (PEPE) has been showing an incredible performance alongside the rest of the crypto market. This weekend, the two biggest cryptocurrencies, Bitcoin and Ether, displayed remarkable price growth. BTC keeps reaching new all-time highs (ATH), and ETH surpassed the $4,000 mark for the first time in two years. Similarly, PEPE joined the party after hitting a new ATH over the weekend, which prompted whales to take profit on their bags. Whale Makes Big Profits After Price Surge After its launch in April of last year, the frog-themed coin shook…
Financial regulators in the United Kingdom are allowing applications for crypto-based exchange-traded notes (ETNs), according to a new announcement. In a Monday press release, Britain’s Financial Conduct Authority (FCA) said that it has approved the sale of crypto and Bitcoin (BTC) ETNs for professional investors. ETNs in the UK are defined as bonds issued by financial institutions that track the performance of underlying assets. According to the FCA, any potential crypto retail ETNs will not be available for retail investors as it would be unsafe and “ill-suited” for them. Says…
Dan Gambardello, the founder of Crypto Capital Venture, has provided a bullish analysis of the current price action of Cardano (ADA). The crypto analyst also dispelled the notion that ADA won’t perform well in this bull cycle, noting that the crypto token is where it is meant to be before it takes off. Where Cardano Is Headed Gambardello mentioned in a video posted on his X (formerly Twitter) platform that CardanoADA could rise to $1.15 and as high as $1.50 in its next move to the upside. He made this…
In the last day, the global trading volume has hit $203 billion, with stablecoins accounting for an impressive $133 billion of that total. Among the array of stablecoin assets tied to the U.S. dollar, Paypal’s PYUSD has emerged as a top ten player. Yet, despite the ongoing cryptocurrency market upswing, PYUSD has shown minimal activity […] Source CryptoX Portal