Category: Reviews

US SEC Delays Decision on Multiple Ethereum ETFs, What’s Next?

In the recent filing, the US SEC stated that they are still considering on whether these Ethereum ETFs should be listed. The United States Securities and Exchange Commission (SEC) has announced a delay in its decision on several Ethereum (ETH) exchange-traded funds (ETFs) until May 2024. As per regulatory filings on December 18, the SEC postponed its decision on the Hashdex Nasdaq Ethereum ETF and the Grayscale Ethereum Futures ETF. The Hashdex Ether ETF shall hold both spot Ether and futures contracts. Similarly, Grayscale’s Ethereum Futures ETF is a strategic…

ESG-focused 7RCC Joins Race for Bitcoin ETF Approval

7RCC’s crypto ETF differs from those of other similar products. 80% of it will consist of Bitcoin, while the rest will hold carbon credits futures Crypto asset management firm 7RCC might be the latest in a long list of firms seeking a spot Bitcoin exchange-traded fund (ETF) approval. This follows after the ESG-focused firm recently applied with the Securities and Exchange Commission (SEC). According to the filing, 7RCC is hoping to get the nod for its spot bitcoin and carbon credits futures ETF. 7RCC was founded in 2021 with a…

Binance Settles Landmark $2.7B Case with CFTC

The court order goes beyond financial penalties. It requires Binance and CZ to make certifications regarding the existence, application, and effectiveness of Binance’s enhanced compliance controls. The US Commodity Futures Trading Commission (CFTC) made a significant announcement, confirming that the US District Court for the Northern District of Illinois has approved the previously disclosed settlement for the Binance exchange and its executive. The court has finally entered a consent order outlining civil monetary penalties and equitable relief against the trading platform and its ex-CEO, Changpeng ‘CZ’ Zhao. The court findings…

What’s Helium Mobile And Why Is It Exploding To Over 800%?

Smaller cryptocurrencies are drawing greater attention from investors while larger well-known ones are taking a break following significant increases. One of the lesser-known altcoins is making some big noise: Helium Mobile (MOBILE) has surged by about 1,000% in the past seven days. Leading the way in the cryptocurrency market’s dynamic trend toward smaller-cap cryptocurrencies is Helium Mobile, whose price has surged by 32% to $0.0072 in the previous day. The altcoin’s trading volume has increased by almost 200% to $20 million, reflecting its recent spike. The market valuation of the…

BlackRock Adapts Bitcoin ETF Proposal to SEC’s Preferences as Approval Nears

Many of the required revisions and adjustments are being carried out urgently by most companies, fueled by rumors that there may be a possible approval in January. BlackRock is making a strategic move in its plans for a bitcoin exchange-traded fund (ETF) by revising its approach to overcome regulatory obstacles. The asset management giant has updated its filing to feature cash redemptions instead of the previous in-kind model, where shares were converted directly to bitcoin. This change aligns with the preferences of the Securities and Exchange Commission (SEC), which has…

Revolut Halts UK Crypto Services Ahead of FCA Ads Rule Changes

With the new law set to take effect next year, Revolut has temporarily paused its crypto services to ensure compliance with these new requirements. Revolut, a prominent financial technology company providing online banking services, has temporarily suspended crypto services for customers in the United Kingdom. Starting January 3, 2024, digital asset traders in the region will no longer have access to Revolut’s business platform.  However, it’s worth noting that an email notifying customers of this decision specifically addressed purchasing, leaving room for customers to continue selling and storing their crypto…

Coinbase, a16z, Ripple and Others Invest $78M in Pro-crypto PAC Ahead of US Elections 2024

With the mass adoption of digital assets in the United States, notable presidential candidates have shown support for the blockchain and crypto asset industries. The crypto market has faced immense regulatory scrutiny from the current US government led by President Joe Biden. The lack of a clear crypto regulatory framework has left significant room for the United States Securities and Exchange Commission (SEC) and other federal agencies to crack down on web3 companies with decades-old policies. However, the mass adoption of crypto assets and web3 protocols in the United States…

Bitwise Unveils Its Bitcoin ETF Ad Campaign as Approval Date Nears

Jonathan Goldsmith’s recent promotion of Bitwise coincides with the asset manager’s pending Bitcoin ETF application with the United States Securities and Exchange Commission. The broader crypto community has been eagerly awaiting the launch of a spot Bitcoin ETF and the SEC approval is very likely in early January 2024. A step further, the Bitwise Asset Management company has launched a new ad campaign in partnership with Jonathan Goldsmith. Actor Jonathan Goldsmith, renowned for portraying “The Most Interesting Man in the World” in Dos Equis beer commercials, is reprising his iconic…

SOL Price Soars 8%, Solana Indicators Suggest Breakout Above $80

Solana stayed above the $67.50 support and started a fresh increase. SOL price is gaining pace and might soon attempt a move above $80. SOL price started a fresh rally above the $72 resistance against the US Dollar. The price is now trading above $74 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $70.00 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair is up nearly 8% and might rally further above the $80…

Bitcoin Price Rallies 5% But Key Breakout Resistance Is Still Intact

Bitcoin price jumped from the $40,500 support zone. BTC is up over 5% but the bears are still defending the $43,500 resistance zone. Bitcoin started a strong increase from the $40,500 support zone. The price is trading above $42,000 and the 100 hourly Simple moving average. There was a break above a major bearish trend line with resistance near $41,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could decline again if it fails to clear the $43,500 resistance zone. Bitcoin Price Revisits $43,500…