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Bloomberg analysts have raised the probability for an approved spot Bitcoin exchange-traded fund (ETF) by the end of 2023, following a recent Grayscale victory against the federal securities regulator. In a Aug. 30 post on X (Twitter), Bloomberg senior ETF analyst Eric Balchunas said they have raised the chances to
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A knock-on effect of Grayscale’s recent favorable ruling against the U.S. Securities and Exchange Commission is that it potentially render meaningless a lawsuit brought by FTX affiliate Alameda Research, which called for the Grayscale Bitcoin Trust to reduce its fees and implement a redemption program. Source
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Bitcoin (BTC), the world’s largest cryptocurrency, has experienced a period of stability around the $26,000 mark following the recent speech by Federal
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The U.S. exchange's customers now have the option of buying stablecoin USDT using their debit or credit cards, Apple Pay or Google Pay and then converting it into crypto tokens. Source
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Several firms have applied to list these exchange-traded funds, which would hold derivatives contracts tied to ether – rather than ether itself. But they need the U.S. Securities and Exchange Commission's blessing, something Bloomberg said might be imminent. Original Source
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Ripple has continued to revel in the glow of Judge Analisa Torres’ ruling in favor of the crypto company, with many use
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The raises comes nearly two months after BitGo ended its plan to buy beleaguered rival Prime Trust. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Insiders suggest that Bitcoin ETF approval is inevitable. Bloomberg ETF analyst Eric Balchunas says expectations vary from four to six months. Bloomberg’s senior ETF analyst Balchunas cites the earnings call with Mike Novogratz, CEO at Galaxy Digital.
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Salame, a prominent Republican donor who also handled FTX's political donations, could enter a plea as soon as September to charges including campaign finance law violations, according to Bloomberg’s sources. It was not known whether he would cooperate with prosecutors and testify against FTX co-founder and CEO Sam Bankman-Fried. Source
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“Bitstamp is not for sale, and we are not actively looking to sell the company,” Jean-Baptiste Graftieaux, its CEO, said in a statement to Bloomberg. “Our current and exclusive priority is to raise money through strategic investors to accelerate Bitstamp’s growth by providing new products and services to retail and
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