The Importance of Custodial Risk When it comes to the approval of the Bitcoin Spot ETF, one question arises: Who's carrying the bags? As Coinbase secures its position as custodian for 9 out of 12 Bitcoin Spot ETF applications, it's worth delving into the risks associated with this role. Custodial risk refers to the potential […]
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The First Steps towards a Bitcoin-Based Economy The city of Prospera in Honduras has recently taken a groundbreaking step by adopting bitcoin as a unit of account. This decision allows businesses to pay taxes and determine financial obligations using bitcoin. With bitcoin already being recognized as legal tender in the city since 2022, this move
Introduction The U.S. Securities and Exchange Commission (SEC) made waves in the cryptocurrency community when its official social media account on X platform announced the approval of spot bitcoin exchange-traded funds (ETFs) on Tuesday. However, within minutes of the announcement, SEC Chairman Gary Gensler clarified that the post was unauthorized and that the agency's social
SEC’s Unauthorized Spot Bitcoin ETF Announcement: A Social Media Mishap Read More »
Cleva, a Nigerian fintech startup, has successfully raised $1.5 million in pre-seed funding, with support from Y Combinator, a prominent technology startup accelerator in the United States. The funding round was led by 1984 Ventures, an early-stage venture capital firm, and included participation from The Raba Partnership, Byld Ventures, Firstcheck Africa, and a number of
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ASIC Accused of Neglecting Investor Protection An Australian government official has raised concerns about the Australian Securities and Investments Commission (ASIC) failing to issue a consumer warning against the Hyperverse crypto investment scheme. Stephen Jones, the assistant treasurer in the Australian government, plans to query ASIC's decision and question why it did not follow the
Peter Brandt's Perspective on Bitcoin ETFs According to veteran trader Peter Brandt, the current hype around bitcoin exchange-traded funds (ETFs) may serve as a signal for experienced traders to sell their holdings. Brandt also believes that the anticipated approval of spot bitcoin ETFs can be seen as a classic "buy the rumor, sell the news
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The U.S. Securities and Exchange Commission (SEC) has made a groundbreaking decision by approving 11 spot bitcoin exchange-traded funds (ETFs) to be listed and traded on major U.S. stock exchanges. This move comes after years of anticipation and regulatory challenges, and the approved spot bitcoin ETFs are set to begin trading on Thursday on NYSE
SEC Approves 11 Spot Bitcoin ETFs for Listing on U.S. Stock Exchanges Read More »
Self-Directed Gold IRAs are fantastic because they let you put money into precious metals without having to deal with any middlemen. Actually, these accounts are so simple , even your grandmother could set it up! When you buy physical silver, gold platinum, palladium, and rhodium coins, bars, rounds, and bullion, you will receive instant liquidity.
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The Arizona State Senate is currently reviewing a proposal to encourage the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS) to explore the possibility of adding Bitcoin ETFs to their investment portfolios. This move comes after the bill passed the Senate's Third Reading on February 22 with a 16-13 vote
In a groundbreaking move, the U.S. Securities and Exchange Commission (SEC) has given its approval to 11 spot bitcoin exchange-traded funds (ETFs), a decision that has been eagerly awaited by cryptocurrency enthusiasts. Despite this significant regulatory milestone, the price of bitcoin has shown little movement over the past 24 hours. In contrast, ethereum has experienced
The SEC Approves 11 Bitcoin ETFs, But Bitcoin’s Price Remains Stagnant Read More »