Cryptocoins News / Finance Magnates - 1 year ago
The European Central Bank (ECB) has embarked on a significant journey toward the potential implementation of a digital euro. The latest development involves the opening of applications for vendors to provide essential services, signaling a tangible s...
Cryptocoins News / Finance Magnates - 1 year ago
BlackRock and Ark Investment Management have slashed fees for their planned spot bitcoin exchange-traded funds (ETFs). BlackRock's iShares Bitcoin Trust has lowered its fee from 0.30% to 0.25%, while Ark 21Shares Bitcoin ETF reduced its fee to 0.21%...
Cryptocoins News / Finance Magnates - 1 year ago
The fake announcement of the approval of the Bitcoin exchange-traded fund (ETF) resulted in the liquidation of nearly $90 million worth of Bitcoin long and short positions in less than an hour yesterday (Thursday).Opportunistic Traders Paid a Heavy P...
Cryptocoins News / Finance Magnates - 1 year ago
BitGo, a provider of financial services in the digital realm, has announced that its subsidiary, BitGo Singapore Pte. Ltd., has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution Licence.Clie...
Cryptocoins News / Finance Magnates - 1 year ago
On Tuesday afternoon, the official X (formerly Twitter) account of the Securities and Exchange Commission (SEC) posted a much-anticipated tweet: “Today the SEC grants approval for Bitcoin ETFs for listing on all registered national securities exchang...
Cryptocoins News / Finance Magnates - 1 year ago
The Securities and Exchange Commission (SEC) encountered a significant stir after its Twitter account appeared to announce approval for spot Bitcoin exchange-traded funds (ETFs). However, contrary to the tweet's assertion, the SEC's Chair, Gary Gensl...
Cryptocoins News / Finance Magnates - 1 year ago
With SEC's approval confirmed, spot Bitcoin ETFs are officially set to launch, marking what some commentators believe is a turning point in Bitcoin’s history. Whatever events unfold from here, it’s worth considering why now is the right time for ETFs...
Cryptocoins News / Finance Magnates - 1 year ago
Its official: the Securities and Exchange Commission (SEC) has approved the spot Bitcoin exchange-traded fund (ETF). The confirmation was made just before the expiration of today's (Wednesday) deadline on the application of the Ark 21Shares Bitcoin T...
Cryptocoins News / Finance Magnates - 1 year ago
BlackRock, VanEck, and other companies expecting responses for their applications to list spot Bitcoin ETFs have amended their filings after receiving feedback from the US Securities and Exchange Commission (SEC).This unprecedented engagement between...
Cryptocoins News / Finance Magnates - 1 year ago
2023 proved to be positive for companies in the cryptocurrency industry, as confirmed by another report summarizing the past year published by a large digital asset exchange. KuCoin joins its competitors and boasts an increase in its customer base to...
Cryptocoins News / Finance Magnates - 1 year ago
Now, the Securities and Exchange Commission (SEC) only has two working days to announce its decision on spot Bitcoin exchange-traded fund (ETF) as the Wednesday deadline is looming. Although the regulator rejected and delayed its decision for years,...
Cryptocoins News / Finance Magnates - 1 year ago
Amid the anticipation surrounding the potential approval of a spot Bitcoin exchange-traded product by the Securities and Exchange Commission (SEC), the Chairman's, Gary Gensler, recent cautionary statements have cast a spotlight on the inherent risks...
Cryptocoins News / Finance Magnates - 1 year ago
The Monetary Authority of Singapore (MAS) has officially granted Upbit Singapore a Major Payment Institution (MPI) license, marking an important step for the company in its commitment to the country's crypto regulations. Alex Kim, the Founder and CEO...
Cryptocoins News / Finance Magnates - 1 year ago
The intensifying competition within the burgeoning Bitcoin exchange-traded fund (ETF) landscape, BlackRock (BLK.N) has announced a low fee of 0.30% for its forthcoming iShares Bitcoin Trust. This fee is notably lower than those proposed by some of it...
Cryptocoins News / Finance Magnates - 1 year ago
Coinbase is acquiring a Cyprus-based entity with a MiFID license, paving the way for wider access to its derivatives products in Europe.This strategic move aligns with Coinbase's "Go Broad, Go Deep" plan, aiming to establish clear regulatory framewor...
Cryptocoins News / Finance Magnates - 1 year ago
The UK’s cryptocurrency miner Argo Blockchain (LSE: ARGO) reported its highest Bitcoin (BTC) mining output since May. Additionally, the company announced the departure of Chief Operating Officer (COO) Seif El-Bakly "to pursue other opportunities." In...
Cryptocoins News / Finance Magnates - 1 year ago
The Securities and Exchange Commission (SEC) has reissued its warning against the “Fear of Missing Out (FOMO)” behavior for cryptocurrency and other trending investments days ahead of the regulator’s decision regarding the fate of Bitcoin exchange-tr...
Cryptocoins News / Finance Magnates - 1 year ago
VanEck has announced that if the US Securities and Exchange Commission (SEC) approves its application for a spot Bitcoin exchange-traded fund (ETF), the asset management firm will allocate 5% of the fund's profits to support Bitcoin developers.VanEck...
Cryptocoins News / Finance Magnates - 1 year ago
The Central Bank of Nigeria has granted the Africa Stablecoin Consortium (ASC) approval to introduce the compliant Nigerian Naira stablecoin (cNGN) within its regulatory sandbox. This marks a pivotal moment in the Nigerian financial landscape, as the...
Cryptocoins News / Finance Magnates - 1 year ago
In the heart of India's bustling financial landscape, the Reserve Bank of India (RBI) has orchestrated a revolutionary tale, marking the ascent of the e-rupee. As the digital currency surpassed one million daily transactions, India's embrace of the d...
Cryptocoins News / Finance Magnates - 1 year ago
In a regulatory development, Quickbit Limited, authorized by the Gibraltar Financial Services Commission (GFSC) as a Virtual Asset Arrangement Provider, is facing severe consequences for contraventions of the Proceeds of Crime Act. The GFSC, followin...
Cryptocoins News / Finance Magnates - 1 year ago
Bitget Wallet, a Web3 crypto wallet formerly known as BitKeep, has launched a new "Smart Money" feature powered by artificial intelligence. This tool tracks over 6,000 high-performing crypto addresses on networks like Ethereum to identify potential t...
Cryptocoins News / Finance Magnates - 1 year ago
The authorities in Taiwan raided the premises of a local crypto exchange, Ace Exchange, and arrested the Co-Founder, David Pan, for alleged fraud, Liberty Times reported yesterday (Thursday).Investigation against Taiwan’s Top Crypto Exchange Pan was...
Cryptocoins News / Finance Magnates - 1 year ago
Chelsea Football Club has closed a sleeve sponsorship deal with BingX, a prominent cryptocurrency exchange. This partnership, estimated by The Standard to be worth more than £10 million, will allow BingX's brand to appear on the club's kit for the r...
Cryptocoins News / Finance Magnates - 1 year ago
Digital asset investment products saw $2.25 billion of inflows in 2023, marking it as the 3rd largest year for inflows since 2017, according to the newest report by CoinShares. The inflows represented a dramatic turnaround from 2022 when they totale...
