Cryptocurrency Analysis and News Portal
Coinbase Chief Legal Officer Paul Grewal discusses the prospective approval of Bitcoin spot ETFs by the U.S. SEC and its potential impact on the cryptocurrency landscape. In an Oct. 19 interview with CNBC, Paul Grewal, the chief legal officer of crypto exchange Coinbase, expressed a sanguine outlook on the potential approval
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To underscore the bullish sentiments, the performance of Bitcoin forks reflects the same optimism among investors. Bitcoin, the world’s largest cryptocurrency by market capitalization, has continued its steady ascent to the $30,000 mark. The digital currency climbed to $29,800 in the past 24 hours, extending its weekly gains to over 11%.
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ETFs are traded on an exchange, like stocks, and track the performance of an underlying asset. They are popular because they allow investors to gain access to cryptocurrencies without having to purchase the underlying digital assets themselves. They are also cheaper to trade. The crypto market is hopeful that the
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Investment giant Grayscale has filed a new registration statement with the U.S. Securities and Exchange Commission (SEC) in its ongoing attempt to convert its Grayscale Bitcoin Trust into a spot Bitcoin ETF. According to The Block, the decision on the application comes shortly after a ruling by the D.C. District Court
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Matrixport’s analysis suggests that if Tether’s (USDT) market cap increases by $24 billion, acting as a proxy for potential ETF inflows, Bitcoin’s price could rise to $42,000, representing a conservative estimate. A recent report from the crypto financial services platform Matrixport suggests that the approval of BlackRock’s Bitcoin Exchange Traded Fund
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Bitcoin’s (BTC) price recently surged following fake news about a BTC ETF approval, according to one analyst this is an event with unexpectedly far-reaching consequences. In his video on Oct. 18th, popular crypto YouTuber Crypto Banter provided an in-depth analysis of how this fake news impacted the crypto market and what
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QCP Capital’s Q4 2023 forecast warns of volatility in Bitcoin and equities, citing macro factors and geopolitical tensions as key drivers while dismissing hopes for ETF approval. Singapore-based QCP Capital has issued a Q4 2023 forecast underscoring the uncertain landscape for Bitcoin (BTC) and equities. The firm indicated that Bitcoin’s price
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A fake report about BlackRock's spot BTC ETF approval Monday spurred a short-lived bitcoin rally to $30,000. Source
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While experts forecast the US SEC will approve a spot Bitcoin ETF within the next six months, the BlackRock’s officials confirmed that it has not received a green light on its application. Bitcoin (BTC) price experienced heightened volatility on Monday, which briefly pushed the mothercoin towards $30k. However, Bitcoin price had
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In a flurry of market activity, false news surrounding the approval of a Bitcoin (BTC) Spot Exchange-Traded Fund (ETF) by the US
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