Cryptocurrency Analysis and News Portal
An initial coin offering (ICO) is a fundraising method in which a startup sells a new crypto to raise funds. Investors receive tokens in exchange for their financial contributions. In many ways, an ICO is the crypto equivalent of an initial public offering (IPO). Investing in crypto ICOs is popular due
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The Department of Justice (DOJ) has finally settled with Binance. Although CZ is gone, Binance remains, insinuating that the crypto industry has legitimacy in the United States. The last bearish cloud hanging over markets has gone, and with a spot Bitcoin ETF expected early next year, followed by the halving, investors
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The crypto market is currently reacting to the possibility of a spot Bitcoin exchange-traded fund (ETF) and a similar product for Ethereum (ETH) in the future. As it is, Larry Fink’s actions triggered a shift toward quality assets. Accordingly, investors now have a limited timeframe to align with institutional flows, as
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Galaxy Digital’s CEO foresees a delay in U.S. crypto regulation until post-2024 elections amid the firm’s report of increased Q3 losses. Galaxy Digital Holdings CEO Michael Novogratz voiced skepticism regarding the advancement of cryptocurrency regulations in the U.S. prior to the upcoming 2024 presidential elections. His comments came amid market speculation
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At the most recent FOMC meeting, Jerome Powell left rates unchanged. Markets responded positively. Stocks closed in the green, and although Powell touts higher rates for longer, the only thing staying higher for longer are crypto prices. The top ten cryptocurrencies by market cap all closed the week up significantly. With
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In a recent development, another proposed Spot Bitcoin ETF has been listed on the Depository Trust and Clearing Corporation’s (DTCC) website, becoming
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Galaxy Digital, a leading player in the digital assets sphere, has issued a bullish prediction for Bitcoin’s trajectory following the launch of
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Bitcoin’s (BTC) price will increase 74.1% in the first year after spot Bitcoin exchange-traded funds (ETFs) are launched in the United States, according to estimates from crypto investment firm Galaxy Digital.In an Oct. 24 blog post, Galaxy Digital research associate Charles Yu estimated the total addressable market size for Bitcoin ETFs
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The Bitcoin market dynamics have recently taken an interesting turn, suggests Alex Thorn, Head of Firmwide Research at Galaxy. According to his
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Asset managers keep pursuing digital asset products, as Invesco and Galaxy Digital allegedly filed for a spot Ethereum (ETH) exchange-traded fund (ETF) on Sept. 29. Bloomberg ETF analyst James Seyffart disclosed the filing on X (formerly Twitter), even though the application hasn’t been uploaded to the SEC’s public database at the
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