Crypto Community Slams JP Morgan’s Jamie Dimon Over Crypto Critique Amid Bank’s Penal Record
Recent comments from JPMorgan Chase & CoCEO Jamie Dimon, slamming cryptocurrencies, have sparked backlash from the crypto community. The CEO’s remarks came during a U.S. Senate Committee hearing, where he labeled cryptocurrencies as criminal tools. Dimon faced sharp criticism on social media platform X for his comments to the U.S. Senate Committee on Banking, Housing, […]
Swiss Firm Pando Enters The U.S. Bitcoin ETF Contest; Blackrock Proposes ETF Model Changes
Switzerland’s Pando Asset has announced its bid for a spot Bitcoin ETF in the U.S., joining a growing list of contenders. Meanwhile, BlackRock, Inc. (NYSE: BLK) has proposed an updated ETF model in its discussions with the U.S. securities regulator. Pando Asset registered a Form S-1 with the U.S. Securities and Exchange Commission (SEC) on […]
Ethereum Co-Founder Warns AI Might Supersede Humans As Dominant Species
In a recent statement, Ethereumco-founder Vitalik Buterin has raised concerns about the risk of artificial intelligence (AI) surpassing humans as the principal species on Earth, posing a potential existential threat to humanity. Buterin has aired his apprehensions about the unchecked growth of AI. He posited that AI could evolve into an “apex species”, which could […]
Crypto world awaits as SEC delays verdict on Franklin Templeton, Global X Bitcoin ETFs
The U.S. Securities and Exchange Commission (SEC) has postponed decisions on spot bitcoin ETF applications from Franklin Templeton and Global X, according to a recently issued notice. The SEC’s deadline to act on Franklin Templeton’s application was due today, and for Global X’s proposal was slated for November 21. These delays push the new deadlines […]
Bitwise analyst predicts more significant market impact from Bitcoin ETFs than Ethereum
Bitwise, the world’s largest crypto index fund manager, suggests that Bitcoin (BTC) exchange-traded funds (ETFs) could have a more significant market impact than their Ethereum (ETH) counterparts. Analyst Juan Leon from Bitwise explains that while many institutional investors have become more knowledgeable about BTC, most still struggle to understand ETH’s distinct attributes. He likens BTC […]
European giant Coinshares poised to acquire Valkyrie’s ETF as Bitcoin awaits approval
European digital asset management firm, CoinShares, has obtained the exclusive rights to purchase the exchange-traded fund (ETF) unit of its U.S. competitor, Valkyrie Investments. The deal encompasses the Valkyrie Bitcoin Fund, which is currently awaiting regulatory approval in the U.S. CoinShares announced the move on Thursday, November 17, as a strategy to extend its reach […]
SEC puts brakes on HashDex and Grayscale ETF filings
The U.S. Securities and Exchange Commission (SEC) has announced a delay in its decision on the ETF filings by HashDex and Grayscale. The SEC has postponed its decision on HashDex’s proposal to convert a Bitcoin futures exchange into a Spot ETF. Similarly, the decision on Grayscale’s Ethereum futures ETF has been deferred. Both filings, made […]
Ark Invest teams up with 21Shares for digital asset ETFs launch
Investment manager Ark Invest is teaming up with 21Shares to roll out a new range of exchange-traded funds (ETFs) focused on digital assets. The companies aim to provide investors with diverse exposure to digital assets, including Bitcoin and Ethereum futures, and investments in blockchain-related firms. The collaboration will result in a debut of a series […]
Bitcoin soars to 18-month high, triggers $140 Million in liquidations
Bitcoin (BTC) has skyrocketed to nearly $37,000, marking its highest level since May 2022. This surge has triggered over $140 million in liquidations. Leading cryptocurrencies such as Ether (ETH), Binance Coin (BNB), Cardano (ADA), Polygon (MATIC), and Polkadot (DOT) have also seen significant upticks. The recent surge in Bitcoin’s price has led to millions of […]
Bitcoin inches towards $37K amid SEC’s discussions with Grayscale over ETF
The world’s largest cryptocurrency, Bitcoin, is on a roll, nearing the $37,000 mark, following a surge of nearly 4% over the last 24 hours. The uptick is driven by speculation around the conversion of spot Bitcoin ETF, which could attract significant institutional investment. Bloomberg ETF research analysts, Eric Balchunas and James Seyffart, have previously indicated […]