Month: March 2024

Ethereum ETFs – What’s Casting Doubt On Their Fate?

boss

The fervor surrounding the eagerly awaited Ethereum spot Exchange-Traded Fund (ETF) has hit a roadblock as regulatory silence between the US Securities and Exchange Commission (SEC) and asset managers raises doubts about the imminent approval. Regulatory Riddles Surrounding Ethereum’s Fate Despite the crypto market’s optimistic outlook for Ethereum’s spot ETF, the SEC’s noticeable lack of commentary has set off alarm bells. Eric Balchunas, Bloomberg’s senior ETF analyst, has flagged this radio silence as a “negative sign,” pointing out that the SEC had previously commented on Bitcoin spot ETFs. The absence…

LBank Labs and BlockNews Host Web3 Summit Dubai 2024 with DIFC and DMCC as Official Partners

The highly anticipated “Web3 Summit Dubai 2024” is scheduled to take place on April 16th-17th, 2024, at the prestigious Atlantis, The Palm hotel in Dubai. This summit marks a significant milestone in the realms of cryptocurrency and financial technology, promising a profound exploration of the future of technology and collaborative industry efforts. Situated on the […] Source CryptoX Portal

London Stock Exchange to open applications for Bitcoin, Ethereum ETN admission

boss

The main stock exchange in the United Kingdom is set to start accepting applications for crypto-tied exchange-traded notes. The London Stock Exchange (LSE) revealed in a press release on on Mar. 11 that it will start accepting applications for the admission of Bitcoin (BTC) and Ethereum (ETH) crypto exchange-traded notes (ETNs) in Q2, 2024. Although the exact launch date remains unclear as the LSE plans to disclose it “in due course,” the exchange noted that it plans to accept applications in accordance with the details contained in the crypto ETN…

Bitcoin (BTC) tops $71000 as UK FCA opens door to crypto ETNs

boss

Chesnot | Getty Images News | Getty Images Bitcoin prices rallied on Monday to hit a fresh record high above $71,000, after the British financial watchdog said it would allow institutions to file applications for cryptocurrency-linked exchange-traded products for the first time. The Financial Conduct Authority said in a notice Monday that it would not object to requests from recognized investment exchanges to create a U.K.-listed market segment for crypto-backed exchange traded notes, or ETNs. Exchanges would need to ensure they have sufficient controls in place, so that trading is…

Vitalik Buterin outlines Ethereum’s countermeasures for quantum attacks

Ethereum co-founder Vitalik Buterin has recently addressed concerns over the potential impact of quantum computing on the Ethereum (ETH) network. In a post dated March 9 to Ethereum Research, Buterin presented a scenario where quantum computers become accessible and could be used by malicious actors to compromise user funds. He suggested that Ethereum is already prepared to counter such threats with a recovery plan that would involve minimal user impact. Buterin’s proposition includes the possibility of a “quantum emergency,” where quantum computing capabilities could lead to large-scale theft of Ethereum…

Indian Crypto Investment Platform Mudrex to Offer U.S. Bitcoin ETFs to Indian Investors

“This is much more valuable to institutions, as this was already available to retailers,” Patel said in an interview with CoinDesk. Retail clients in the country could access spot-bitcoin ETFs through U.S. stock investing companies, but “as far as we know” we are the first in India to offer this service to institutions, Patel said. “We are certainly the first Indian crypto platform to offer this service.” Source

Bitcoin Price Skyrockets Past $71,000: Here’s Why

boss

With the start of the European trading hour, Bitcoin (BTC) has surged past the significant milestone of $71,000, exceeding its previous all-time high set just last week. This surge can be attributed to a combination of factors that have bolstered investor confidence and triggered a wave of buying activity across the cryptocurrency market. Here’s a closer examination of the four key factors driving this unprecedented rally. #1 London Stock Exchange Embraces Bitcoin And Ethereum ETNs Reported by Bloomberg just prior to the price surge, the London Stock Exchange (LSE) has…