Month: May 2024

Bloomberg analyst foresees spot Solana ETF following Ethereum approval

Approval of a spot Ethereum ETF by the U.S. securities regulator could pave the way for a similar fund for Solana, according to Bloomberg analyst James Seyffart. Solana, the fifth-largest cryptocurrency by market value, might see its own spot exchange-traded fund (ETF) “within a few years” if the U.S. Securities and Exchange Commission (SEC) approves spot Ethereum ETFs, Seyffart indicated in a recent social media post. Based on current precedent/needs — Will happen within a few years of getting a CFTC regulated futures market. But congress & Market structure bills…

Fidelity axes spot Ethereum ETF staking feature 

Several crypto ETF issuers are reportedly scrambling to amend SEC filings as odds for approved spot Ethereum products improved in the past 24 hours.  Wall Street titan Fidelity submitted an updated spot Ethereum ETF S-1 form with the U.S. SEC and removed all staking language, signaling dialogue with the regulator. Multiple reports also emerged claiming the securities watchdog has instructed other issuers and national exchanges like Nasdaq to expedite improved spot Ether (ETH) ETF filings ahead of possible partial approvals.  At press time, crypto.news had yet to hear back from…

why 13F report matters for the crypto industry

A new quarterly 13F report has revealed that the world’s largest companies are investing considerable sums in Bitcoin ETFs. What does this mean for the crypto industry? A few hundred U.S. firms have filed Form 13F with the Securities and Exchange Commission (SEC). Of particular interest to the crypto market is that many institutional investors own shares of spot Bitcoin ETFs. How Form 13F works 13Fs are quarterly reports filed with the SEC by institutional investment managers with at least $100 million under management. 13Fs provide insight into stock ownership…

Hong Kong Regulator: Worldcoin Activities Violated Privacy Ordinance

The Hong Kong data regulator recently concluded that Worldcoin’s data collection methods and activities violated the region’s “privacy ordinance.” Privacy Commissioner Chung Liling has issued an enforcement notice requesting Worldcoin to cease data collection from Hong Kong residents. Worldcoin’s Excessive Data Collection Methods An investigation by the Hong Kong Office of the Privacy Commissioner for […] Source CryptoX Portal

Exploring Different Types of Blockchain Technologies

Blockchain Beyond Public and Private Today’s blockchain industry is not just limited to public and private binary. It encompasses a spectrum of solutions, each with unique advantages and considerations. Businesses seeking to integrate blockchain into their operations or customer offerings need to understand this evolving landscape, according to Paxos. Permissioned vs Permissionless Blockchains At the most basic level, blockchains are categorized as permissioned and permissionless, which underpins their governance and access structures. In a permissioned blockchain, access to the network is restricted, and control over…

Polkadot Price Sets Sights on New Highs: DOT Bullish Momentum Building

Polkadot (DOT) is consolidating gains above the $7.40 zone against the US Dollar. The price could start another increase if it clears the $7.70 resistance. DOT gained pace and tested the $7.70 resistance level against the US Dollar. The price is trading above the $7.20 zone and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $7.40 on the hourly chart of the DOT/USD pair (data source from Kraken). The pair could continue to rise if it fails to stay above the $7.20…

What’s Next for the Crypto?

boss

XRP price started a fresh decline after it failed near $0.5570. The price is now correcting gains and might decline heavily if it breaks the 100-hourly SMA. XRP struggled near the $0.5570 zone and trimmed gains. The price is now trading below $0.5350 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $0.5320 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must stay above the 100-hourly SMA to avoid a sharp decline. XRP Price Dips Again…