In a recent report, Bloomberg analyst Jamie Coutts reveals that the interest of asset managers in Bitcoin goes beyond exchange-traded funds (ETFs) and extends into the mining sector. This raises questions about the motivations and implications of such investments. It seems that major asset management firms, including BlackRock, Vanguard, and State Street, have been involved
admin
The U.S. Securities and Exchange Commission (SEC) has once again deferred its decision on a major spot Bitcoin exchange-traded fund (ETF), causing further delay and uncertainty for investors. The SEC’s filing on Sept. 26 acknowledged the proposal for the approval and listing of the ARK 21Shares Bitcoin ETF by Cboe BZX. While the filing was
The recent approval of BlockFi’s liquidation plan by the United States Bankruptcy Court in New Jersey signifies a significant milestone for the customers of the bankrupt cryptocurrency lending platform. The decision, made by Bankruptcy Judge Michael A. Kaplan, brings them one step closer to potential repayment for their investments. This article explores the details of
PEPE, the embattled meme coin, has shown some signs of recovery after reaching a three-month low on September 17th. However, the recent 16% bounce has encountered strong resistance, leaving traders uncertain about the future direction of PEPE. The next move could determine whether the coin continues its upward trend or experiences another decline. In addition,
HTX global adviser Justin Sun recently announced the creation of a secure asset fund for users (SAFU) following an exploit on the exchange’s hot wallet, resulting in a loss of $7.9 million on September 24. This fund serves as a financial safety net, aiming to reimburse investors in the unfortunate event of asset losses due
Maker DAO’s MKR token has experienced a significant boost amidst a slight uptick in the broader cryptocurrency market. Despite the struggle for most tokens to recover, MKR has consolidated its upswing with an impressive 5% 24-hour increase. With MKR currently trading at $1335, it is poised to conquer the critical resistance level at $1,350. This
The legal battle between Ripple and the United States Securities and Exchange Commission (SEC) is undeniably one of the most significant lawsuits in the cryptocurrency industry. Its outcome carries immense weight, as it has the potential to shape the country’s stance on cryptocurrencies and establish a vital precedent. However, the resolution of this case remains
In a turn of events that shocked the cryptocurrency and blockchain community, Ben Armstrong, widely known as BitBoy Crypto, was arrested during a live YouTube broadcast. The incident occurred as Armstrong attempted to confront his former business partner, Carlos Diaz, accusing him of stealing his Lamborghini. This unfortunate episode tarnishes the reputation of a prominent
In a groundbreaking move, Yuga Labs, the driving force behind renowned Web3 initiatives such as Bored Ape Yacht Club, CryptoPunks, Meebits, and 10KTF, has forged an unprecedented partnership with A BATHING APE (BAPE), a trailblazer in the streetwear scene. With its inception in Harajuku, Japan, in 1993, BAPE has been a driving force in Japanese
Litecoin (LTC), one of the prominent cryptocurrencies, has been stuck in a bearish trend as its value struggles to break free from the grip of sellers. Throughout the past week, LTC has traded within a narrow price range with a consistent value hovering around $64. While September has seen a predominantly bearish market for LTC,
