SEC Chair Gary Gensler, in an interview at the Bloomberg Investment Summit, expressed confidence in the approval process for spot Ethereum ETFs. While he did not provide a specific timeline for the approval, he mentioned that the focus is currently on asset managers making full disclosure in their registration statements. Gensler seemed optimistic about the
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As Bitcoin, the leading cryptocurrency, navigates through a critical juncture, the market sentiment is divided between optimism and caution. The recent surge in the first half of 2024 saw Bitcoin surpassing the $71,000 mark, only to retreat and stabilize around $61,000, prompting discussions among analysts about the future trajectory of this digital asset. One of
The gaming-focused blockchain Oasys recently announced a strategic partnership with Vortex Gaming, a South Korean gaming community platform under Inven, a leading gaming platform in South Korea. This partnership aims to broaden Oasys’ reach in the Korean market, allowing Vortex players to access the latest blockchain-based games available on Oasys. By leveraging Inven’s extensive Korean
The ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission has been a topic of interest since it first began in 2020. The trial is still ongoing, with no clear end in sight, leaving many in the cryptocurrency community wondering about the potential outcomes and repercussions. The central issue at hand
The recent trend in Spot Bitcoin ETFs has raised concerns among investors as the funds have experienced outflows for seven consecutive days. The outflows have been accompanied by a decline in the Bitcoin price, indicating a possible correlation between institutional sell-offs and miner sell-offs. Data from Coinglass reveals that the outflows have averaged around $100
A recent decision by a US bankruptcy court has given FTX the green light to move forward with a liquidation plan that involves paying customer claims in cash. This plan, which is set to pay customers based on crypto prices at the time of FTX’s collapse in November 2022, has faced objections from customers who
The partnership between Netmarble’s Marblex and Immutable marks an exciting development in the blockchain gaming world. By leveraging Immutable’s cutting-edge zkEVM chain, the collaboration aims to enhance the gaming experience for both developers and gamers. The zkEVM technology offers significant advantages over traditional blockchain platforms, particularly in its smart contract compatibility and gas-free transactions. This
The cryptocurrency market is on the brink of a major development with the impending launch of new spot Ethereum ETFs, pending approval from the US Securities and Exchange Commission (SEC). Asset managers are eagerly preparing for this milestone, with Bitwise Chief Investment Officer (CIO) Matt Hougan offering insights into the potential impact of these ETFs
The world of cryptocurrency and blockchain technology is a rapidly evolving landscape that requires clear and concise explanation for readers from all walks of life. One such prominent figure in the industry is Scott Matherson, a crypto writer at NewsBTC known for his ability to capture the pulse of the market with precision. Scott’s dedication
The cryptocurrency market, once a hotbed of excitement and potential, is currently experiencing a significant downturn. Bitcoin, the flagship cryptocurrency, has seen a sharp decline in value after reaching record highs earlier this year. The recent weeks have been characterized by a mass exodus of investors from Bitcoin, with over $630 million flowing out of
