Thursday, March 28, 2024
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First Bitcoin ETF trades $1.5B as GBTC ‘discount’ echoes $69K BTC price

Bitcoin (BTC) institutional investment vehicles are seeing a major volume boost as excitement over possible United States regulatory changes takes hold.Data from resources including Bloomberg showed Bitcoin exchange-traded funds (ETFs) and others nearing record weekly inflows.BITO, GBTC trade $2.5 billion Hints that the U.S. might soon allow a Bitcoin spot price-based

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DeFi Pioneer Echoes SBF in Call for Tighter Crypto Regulations

Respected former decentralized finance (DeFi) project founder and developer Andre Cronje has resurfaced after a lengthy hiatus to call for tighter regulations on the crypto sector amid the implosion of multiple firms this year. The comments echo similar sentiments to that of FTX CEO Sam Bankman-Fried (SBF), who also called

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Crypto Echoes Risks of 2008 Financial Crisis, Says US CFTC Commissioner

“Cryptocurrency was supposed to break from the traditional financial system, and all of its fragility and vulnerabilities,” said Goldsmith Romero, who occupies one of the Democratic seats on the five-person commission that oversees derivatives trading. “However, this spring, unregulated crypto markets revealed their vulnerabilities to similar financial stability risks as

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Bitcoin ‘6-8 weeks’ from breakout as Hang Seng echoes Lehman Brothers dip

Bitcoin (BTC) waited for cues at the Oct. 24 Wall Street open as expectations of a breakout ran high.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewHang Seng drops most since 2008Data from Cryptox Markets Pro and TradingView tracked a mundane trading day for BTC/USD after the pair hit weekly highs of

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Indian Finance Minister Echoes Central Bank’s Crypto Ban Call, but Says Global Collaboration Is Required

Indian Finance Minister Nirmala Sitharaman has reiterated the stance of India's central bank (Reserve Bank of India or RBI) to ban cryptocurrencies in the lower house of parliament but said that no legislation is possible without significant international collaboration. Source

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