In the wake of the recent growth in proliferation of BRC-20 tokens, Bitcoin Magazine is clarifying it’s editorial policy on Bitcoin native tokens.
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In the wake of the recent growth in proliferation of BRC-20 tokens, Bitcoin Magazine is clarifying it’s editorial policy on Bitcoin native tokens.
Crypto market analyst known as Mr. Anderson on Twitter suggested that the old adage of “buy the rumor, sell the news” does not apply to the current situation
Quick Take Between Oct. 2023 and Jan. 2024, Bitcoin’s market saw significant price appreciation, heavily influenced by anticipation around the approval of a Bitcoin spot ETF. The market’s spot prices surged from roughly $25,000 to $45,000. This potential catalyst for institutional adoption was predicted to enhance the digital assets market’s liquidity and maturity. Meanwhile, the […]
The post Bitcoin ETF hype drove futures market to fever pitch before correction appeared first on CryptoSlate.
In January 2024, the crypto market experiences significant movements due to token unlocks injecting over $600 million in liquidity. Aptos (APT), undergoing its largest unlock, releases 24.84 million tokens (8.08% of its circulating supply). Additionally, the Injective (INJ) final unlock of 3.67 million tokens and the Optimism (OP) release of 24.16 million tokens contribute to […]
The post Hidden Stars in 2024: The 5 Best Cheap Cryptos to Lock In Now appeared first on CoinChapter.
The world’s largest asset manager, BlackRock, is set to make a significant Bitcoin purchase on January 5. This comes as Bloomberg analyst James Seyffart hinted that the Securities and Exchange Commission (SEC) has no choice but to approve the pending Spot Bitcoin ETFs finally. BlackRock To Purchase $10 Million Worth Of Bitcoin As part of efforts to seed its Spot Bitcoin ETF, BlackRock will purchase $10 million worth of BTC on January 5. The asset manager had earlier scheduled this Bitcoin purchase for January 3. However, it was eventually postponed to this later date, possibly in a bid to ensure they gain all regulatory approvals and be fully compliant. Related Reading: Dogecoin Volume Explodes 190% But DOGE Price Remains Low, What’s Going On? BlackRock had revealed how the sum of $10 million had come about in the latest amendment to its S-1 filing. The world’s largest asset manager had noted that the said sum was proceeds from the sale of its “Seed Creation Baskets.” The firm initially seeded its ETF back in October, with the fund’s Seed Capital Investor purchasing $100,000 in shares. Bloomberg analyst James Seyffart had previously warned that Blackrock’s plans to seed their ETF with this amount doesn’t mean they are launching just yet. However, he remarked that there was a possibility that the asset manager was doing so in anticipation of an imminent launch. Meanwhile, it is also worth mentioning that BlackRock’s initial seed fund could eventually be outranked. Fellow issuer Bitwise revealed in their latest amendment to their Spot Bitcoin ETF that they could potentially seed their fund with up to $200 million if they eventually get approval from the SEC. BTC bulls fail to hold $44,000 | Source: BTCUSD on Tradingview.com The SEC Is Backed Into A Corner Bloomberg analyst James Seyffart recently shared his thoughts on whether or not an approval order was going to come from the SEC soon enough. According to Cointelegraph, Seyffart stated that there was no way the Commission could get issuers to withdraw their application as they are already backed into a corner. Related Reading: XRP Price Set To Spike As Ripple Enters Another $1.5 Trillion Industry The analyst made this comment following his assertion that the regulator has run out of reasons to deny these Spot Bitcoin ETFs. He alluded to the Grayscale case, where the court ruled that the SEC’s reasons for denying the asset manager’s application were insufficient. With this in mind, Seyffart said that the SEC is likely to approve these funds soon enough. These approvals could come as soon as next week, going by the analyst’s projection. Seyffart stated that he expects an official approval order to come between January 8 and 10. This is despite the recent rumors that the SEC could approve these funds before this week runs out. Featured image from Finextra Research, chart from Tradingview.com
Arthur Hayes predicted that the crypto market is still in its early stages and anticipated that bullish trends will continue after March.
This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin. Ethereum (ETH) The market remains uncertain due to the BTC ETF speculation. This was also reflected in ETH’s price action which failed to move higher and booked a 4.5% loss this week. The key support at $2,150 continues to hold […]
Rumors are swirling that the long-awaited approval of a spot Bitcoin exchange-traded fund (ETF) in the US could finally arrive as soon as tomorrow. If true, this regulatory green light could have a massive effect on Bitcoin’s price, with some analysts predicting a surge to new all-time highs. But beyond Bitcoin itself, some BTC-related tokens […]
A new frontier of investment options has emerged with the rise of cryptocurrencies, where early adoption frequently yields substantial benefits. The phenomenal rise of Bitcoin since its launch in 2011 serves as one such example. The crypto launchpad is a …
Exploring Crypto Launchpads: A Gateway to Early Crypto Ventures Read More »
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