Vaneck refines Spot Bitcoin ETF proposal, unveils new investment strategy
Asset management firm, VanEck, has revised its application for a spot Bitcoin exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC). The application was updated on Oct. 27, as confirmed by the SEC’s database. The revised application details that a seed capital investor purchased Seed Creation Baskets, a block of 50,000 shares […]
SEC Gary Gensler confirms in review of Spot Bitcoin ETF applications; approval anticipated
The US Securities and Exchange Commission (SEC) is currently reviewing eight to ten applications for spot Bitcoin ETFs. This was confirmed by SEC Chair Gary Gensler, sparking speculation that approval may be imminent. Gensler explained that these applications could potentially come before the five-member commission. He refrained, however, from providing a specific timeline or pre-judging […]
Shiba Inu’s burn rate skyrockets by 5600% after positive market conditions
The burn rate of Shiba Inu, a significant meme coin and the second largest in the cryptocurrency market, has experienced a dramatic increase of 5600%, attracting considerable attention. The development team behind Shiba Inu has been actively focusing on initiatives like the Shiba Inu Burn, showcasing their commitment to the coin’s advancement. The Shiba Inu […]
$1 Billion robbed from crypto space in 2023: smaller heists on the rise!
Cybercriminals have siphoned off over $1 billion from the crypto industry via 75 hacks in 2023. This figure indicates a drop from 2022, when over $3.2 billion was stolen across 60 hacks. However, this decrease is not due to enhanced security measures or a decline in hacker interest. According to Eric Jardine, a cybercrime research […]
Bitcoin ETFs experience surge, as ProShares trades $1.5B amid regulatory changes
Amid anticipations of regulatory shifts in the United States, Bitcoin (BTC) institutional investment products, including ETFs, have witnessed a dramatic volume increase. ProShares and Grayscale are at the forefront of this surge. Data from Bloomberg, indicate that BTC ETFs are nearing record weekly inflows. The possible approval of a Bitcoin spot price-based ETF in the […]
FTX transfers millions in cryptos to Coinbase as SBF testifies
Embattled crypto exchange, FTX, has transferred another batch of crypto assets, including Chainlink’s LINK and Polygon’s MATIC, worth millions to Coinbase Inc. as the company’s founder, Sam Bankman-Fried, takes the stand in court. The move took place Thursday afternoon, with blockchain data confirming that approximately $2.6 million in LINK and $1.3 million in Adventure Gold […]
SEC to face lawsuits over Bitcoin ETF rejections says JPMorgan Analyst
The U.S. Securities and Exchange Commission (SEC) may face lawsuits if it rejects spot Bitcoin exchange-traded fund (ETF) applications, a scenario that is causing concern among industry insiders. Analysts from JPMorgan, led by Nikolaos Panigirtzoglou, expressed growing optimism about the potential approval of a spot Bitcoin ETF. However, they warn of potential legal issues should […]
Scammers use clone sites of Blockworks and Etherscan to deceive crypto users.
Phishing fraudsters have devised a new scam, creating sham duplicate sites of crypto media outlet Blockworks and Ethereum blockchain scanner Etherscan, to dupe crypto users into connecting their wallets to a crypto drainer. Their deceitful tactics are centred around a faux news of a $37 million Uniswap exploit. The counterfeit Blockworks site displays a forged […]
UK’s Google Searches for ‘Buy Bitcoin’ skyrocket Over 800%
Google searches for “Buy Bitcoin” have surged by over 800% in the United Kingdom amid a global crypto rally, according to a study by Cryptogambling.tv. The increased interest follows a significant rise in Bitcoin’s price worldwide. The search term’s popularity spiked a remarkable 826% in the U.K. within a week. “The surge underscores the growing […]
Spot Bitcoin ETF race heats up with Hashdex’s groundbreaking proposal under SEC review
Hashdex, a prominent asset manager, recently discussed its spot Bitcoin ETF application with the U.S. Securities and Exchange Commission (SEC). The meeting was centered around the regulator’s concerns regarding the proposed product. The discussion took place on October 13th, involving representatives from Hashdex, NYSE Arca, Tidal Financial Group, and law firm K&L Gates. Hashdex’s application […]