Fri, July 24

Peter Schiff Cautions on Potential Risks of Spot Bitcoin ETF Approval

Popular Bitcoin critic and gold advocate Peter Schiff has cautioned BTC supporters to be wary of getting their hopes up in the face of mixed reactions to the prospect of the first spot Bitcoin ETF in the U.S. The potential disastrous effect of spot Bitcoin ETFs on the price of

January 4, 2024 2 mins read

Matrixport’s Prediction on Spot Bitcoin ETF Approval Causes Havoc

Matrixport, a platform that specializes in financial services for the cryptocurrency industry, recently shocked the community with a wild prediction about the price of Bitcoin and the SEC’s position on the highly anticipated Bitcoin Spot ETF ruling. Moreover, their most recent report indicates that all Bitcoin spot ETFs are expected

January 3, 2024 2 mins read

Michael Saylor Offloads MicroStrategy Shares to Increase BTC Holdings

Michael Saylor, executive chairman of MicroStrategy, has started selling $216 million worth of shares in his business over the course of four months. He had previously said that some of the proceeds will go into purchasing additional Bitcoin. Saylor revealed in a statement with the U.S SEC on January 2

January 3, 2024 1 min read

$73.2M in Bitcoin Short Positions Liquidated as Market Turns Positive

As optimism grows that the U.S.-based spot bitcoin ETFs will soon get regulatory clearance, the price of bitcoin momentarily climbed above $45,500 in the last 24 hours. Centralized exchanges saw a large liquidation of short positions due to the recent price surge. The bulk of the more than $81 million

January 2, 2024 2 mins read

Grayscale Amends S-3 Filing as Spot Bitcoin ETF Decision Looms

Tuesday saw Grayscale Bitcoin Trust file yet another updated S-3 filing to the SEC in the United States. In light of the fact that the window for the possible approval of a spot Bitcoin ETF opens between January 5 and 10, 2024, this third amendment seeks to transform GBTC into

January 2, 2024 1 min read

Bitcoin Kicks Off 2024 with Optimism, Surges Above $45K

Prominent Bitcoin supporter Michael Saylor has declared 2024 “The Year of Bitcoin,” a reflection of the industry’s lofty ambitions. On December 27, 2023, MicroStrategy, headed by Michael Saylor, made a daring move by acquiring 14,620 BTC, which is worth almost $615 million. A total of 189,150 BTC is now in

January 2, 2024 2 mins read

Crypto Losses in December Nears $100M With Orbit Chain Breach

There was an assault on Orbit Chain’s cross-chain bridge recently, which led blockchain security organizations to estimate that about $100 million worth of cryptocurrency was stolen in December. According to PeckShield, December saw the fifth-highest number of attacks in 2023, owing to the $81.5 million Orbit Bridge cross-chain bridge vulnerability,

January 2, 2024 2 mins read

Mark Cuban Slams SEC and Calls for Improved Crypto Regulation

The owner of the Dallas Mavericks NBA franchise and Shark Tank star Mark Cuban took to social media on Thursday to criticize the U.S SEC. According to Cuban, when questioned about the suitability of current securities rules to regulate cryptocurrencies, all one has to know is that Howey was insufficient,

December 31, 2023 2 mins read

SEC Reportedly to Meet Spot Bitcoin ETF Applicants Next Week

It was reported by Reuters based on sources that the SEC may contact the spot Bitcoin ETF applicants next week. It suggests that a decision about their launch approval may be made as soon as Tuesday. The acceptance of spot Bitcoin ETF is a major step forward for the cryptocurrency

December 31, 2023 2 mins read

Spot Bitcoin ETF Contenders Submit Final S-1 Applications to U.S SEC

Final versions of the S-1 applications were submitted on December 29th by the contenders in the race for a spot Bitcoin ETF. Bitwise, Invesco Galaxy, WisdomTree, and Fidelity engaged with the U.S SEC, following BlackRock, Van Eck, and Valkyrie, as the day progressed. Among the new filings, Fidelity, WisdomTree, and

December 30, 2023 2 mins read