The latest development in the world of spot Bitcoin ETFs has sparked discussions among industry insiders and analysts. Bloomberg analyst Eric Balchunas reported on November 17 that securities regulators are instructing spot Bitcoin ETF applicants to handle funds in a specific way. This article will analyze the potential impact of cash creates on spot Bitcoin
The meme token BABYGORK has experienced a remarkable surge of 176% in the past 24 hours, reaching a price of $0.0004192. Since its listing on Uniswap just yesterday, it has gained an astonishing 10,000%. While this performance may seem impressive, it is essential to understand the risks associated with investing in BABYGORK. One of the
Hashkey Exchange, a regulated crypto exchange based in Hong Kong, has recently announced the introduction of insurance coverage for its clients’ assets stored in both hot and cold wallets. The coverage will provide 100% protection for digital assets in hot wallets and 50% coverage for assets in cold wallets. In the event of a claim,
Crypto investors holding onto Ethereum (ETH) are growing increasingly concerned about the coin’s ability to outperform the market. With memories of the last bull cycle, during which ETH soared to around $5,000, still fresh in their minds, some investors are panic selling and diversifying their portfolios into layer-1 altcoins such as Solana (SOL) or Cardano
GS Partners, a company accused of defrauding cryptocurrency investors through fraudulent schemes, is facing regulatory crackdown in several U.S. states, including California and Texas. Authorities have accused GS Partners of violating securities laws by making false claims and omitting key details, ultimately deceiving retail investors. The enforcement action primarily targets entities such as GSB Gold
As the Bitcoin price retraces higher, reaching $37,422 with a 4.2% increase in the past 24 hours, investors are optimistic about its future. With year-to-date gains of 123%, Bitcoin has outperformed all other asset classes, sparking anticipation for even greater profits with the eventual approval of a spot Bitcoin ETF. Despite recent news of a
South Korea’s National Pension Service (NPS) has recently made a significant profit of 40% from its investment in Coinbase, a prominent U.S.-based cryptocurrency exchange. Despite the country’s national assembly expressing concerns, the NPS, which ranks as the world’s third-largest pension fund with assets exceeding $800 billion, decided to include a digital assets company in its
Cryptocurrency mining has become an increasingly competitive and lucrative field, prompting companies to continuously innovate and develop more powerful mining rigs. Hong Kong-based crypto technology company ASICRUN has recently released its latest line of products, the AR1, AR2, and EliteAR ASIC miners. These miners are set to revolutionize the industry with their unparalleled mining performance
Solana (SOL) has experienced a significant rally in recent days, surpassing the $60 resistance level against the US Dollar. The price surge has seen SOL increase by over 50% in just a few days, indicating strong bullish momentum. This upward trajectory may continue, with the next target being the $75 level. Breaking through the $55
The proposed taxation scheme for digital assets has recently come under scrutiny from several American lawmakers. In a letter addressed to the U.S. Treasury, lawmakers expressed their concerns regarding the potential negative consequences of the proposed rules on innovation and the digital asset ecosystem. The letter emphasizes the lawmakers’ belief that the current rules are
