Tech Giant Google has decided to lift its ban on cryptocurrency-related advertisements after five years, opening up its extensive advertising network to specific offerings, including the newly introduced spot Bitcoin ETFs. This marks a notable shift from Google’s stance in March 2018, when it and Facebook banned crypto-related ads to
The U.S. Securities and Exchange Commission has delayed Grayscale Investments’ application to convert its Ethereum trust product (ETHE) into an ETF. Similar action had been taken the day before by the regulatory authority in response to BlackRock’s application for a spot ETH ETF. On January 25, the SEC delayed a
Crypto Quant reports that as of January 19th, issuers of spot Bitcoin ETFs had over 638,000 bitcoins in their possession. This amounts to almost $27 billion in fiat currency. Grayscale Bitcoin Trust (GBTC) has the biggest amount of Bitcoin—566,973 BTC. Next in line with 28,662 BTC is BlackRock’s iShares spot
In a recent turn of events, the price of the largest cryptocurrency Bitcoin has faced a period of stagnancy following the approval of a spot Bitcoin exchange-traded fund (ETF) by the United States Securities and Exchange Commission. Despite initial excitement surrounding the ETF, the cumulative holdings of all Bitcoin ETFs
With its newly launched spot Bitcoin ETF, ARK Invest is continuing its migration away from the ProShares Bitcoin Strategy ETF (BITO). With the sale of 758,915 BITO shares for almost $15 million via its ARK Next Generation Internet ETF (ARKW) on January 18th, the business made a disclosure. ARK Invest
A significant amount of the Bitcoin (83%), Ethereum (84%), and XRP (81%) supply is profitable, according to a recent publication by Santiment. Movements outside of the 55–75% range have traditionally been seen as low risk, while those within the range have been seen as average. The PSP indicator tracks the
As Bitcoin ETFs made a historic entry into the market last week, excitement turned into uncertainty as the leading cryptocurrency faced a bearish trend, currently trading at $42,789 with a slight 0.10% dip in the past 24 hours and a 6.56% decrease over the past week. Meanwhile, in the first
A renowned economist and Bitcoin skeptic, Peter Schiff, has lately delivered a dire prognosis. Schiff has stated his opinion in a series of social media postings that the impending regulatory reforms, led by U.S SEC Chair Gary Gensler, might have a major influence on the feasibility and cost of doing
In the wake of Bitcoin’s consolidation following the approval of ETFs, Ethereum (ETH) has emerged as a frontrunner in the crypto market, making notable strides with a 1.65% surge, currently trading at $2,567 with a market cap of $308 billion. The second largest cryptocurrency, ETH, is currently undergoing a corrective
Glassnode statistics shows that the number of active validators on the Ethereum Proof-of-Stake (PoS) network reached a year-to-date low on January 12th. Decline started on January 4th, coinciding with a record-breaking 17,821 validators willingly leaving the network’s validator pool. This pattern surfaced the day after leading crypto investment services firm
