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The SEC requested fresh written commentary and opinions on a proposed rule change to allow issuers to list a Bitcoin spot ETF.Blackrock, Fidelity, and other wall street punters await the Commission’s decision on their own ETF filings.Ark Invest CEO Cathie Wood predicted the delay on Bloomberg TV, adding hinting at
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Crypto insurance providers spend enormous amounts of time judging whether to provide coverage to a crypto company, and almost none of them offer assurances to individuals, insurance and crypto executives told Cointelegraph.Last year saw $3.9 billion stolen from crypto companies, decentralized finance platforms and users, a massive 22% rise from
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Economist Peter Schiff praised the artificial intelligence of the Chatgpt assistant for omitting bitcoin in a suggested “recession-proof” portfolio. The long-time gold proponent commented on a report claiming the chatbot has recommended “massive allocations” in precious metals. Schiff Cites Study Alleging Chatgpt Favors Gold and Cash as Investments in Recession Rigorous
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While many consider Bitcoin as a hedge against inflation, Peter Schiff believes that investing in cryptos is a losing game. As he has explained, rather than being backed by a real asset, Bitcoin is supported only by people buying it, which undermines its value. Peter David Schiff, CEO of Euro Pacific Capital
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Crypto lender BlockFi has had a highly tumultuous 12 months. After getting caught up in the Terra fiasco, which resulted in one of the most prolific asset death spirals of all time, the company managed to avoid bankruptcy after receiving a $400 million lifeline in July 2022. The problem? Its
Read MoreUsers who have lost millions suspect 3Commas of leaking sensitive API credentials, but the firm insists that it is not to blame for the stolen funds “to our best current knowledge.” Original Source
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The league’s commissioner Rob Manfred said the MLB has “been really religious about staying away from coins,” calling the FTX deal “a meaningful deal for us.” Source
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Cardano has been one of the cryptocurrencies that have been able to hold despite the market crash. With the recent recovery, the digital asset has seen some movement, although it continues to trend around the same level without any significant swings upward. However, there are some things that are coming
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Polygon (MATIC) took a break from its prevailing bearish course, posting one of sharpest rebound in the crypto market this week.Notably, MATIC's price has risen to $0.50 this June 23, four days after hitting $0.317, its lowest level since April 2021. This amounts to roughly a 60% gain, surpassing the
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Ripple CEO Brad Garlinghouse says that he expects the lawsuit over XRP by the U.S. Securities and Exchange Commission (SEC) to come to a conclusion next year. The executive explained: “We’re seeing pretty good progress despite a slow-moving judicial process.” Ripple’s CEO Is Hopeful the SEC’s Lawsuit Over XRP Will Conclude
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