Bitcoin: A Digital Store of Value Douglas Boneparth, the president and founder of Bona Fide Wealth, recently shared his perspective on bitcoin, likening it to digital gold or a store of value in the digital realm. In a discussion with Bloomberg's senior ETF analyst, Eric Balchunas, on the "Bloomberg ETF IQ" show, Boneparth described bitcoin […]
BlackRock's spot Bitcoin ETF is surpassing the Grayscale Bitcoin Trust (GBTC) in terms of trading volume today, indicating a potential shift in the market. Bloomberg ETF analyst James Seyffart reports that this is the first time BlackRock's ETF has outpaced GBTC since its launch. Slow Down in Outflows for Grayscale's ETF The increasing volume of
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Hong Kong's Focus on OTC Crypto Market Regulation Hong Kong is taking steps to regulate over-the-counter (OTC) cryptocurrency trading, as per local sources. Joseph Chan Ho-lim, the Under Secretary for Financial Services and the Treasury, has stated that the government aims to address the risks associated with virtual assets, particularly with the increasing interest of
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Hong Kong Watchdog Cautions Investors The Securities and Futures Commission (SFC) of Hong Kong has issued a public warning to investors regarding the "Floki Staking Program" and "Tokenfi Staking Program." These crypto-related investment products promise high returns but lack the necessary regulatory approval. Risky Investment Programs Both the Floki and Tokenfi programs, which are part
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A recent survey conducted by cryptocurrency exchange Binance has revealed that 73% of European respondents are optimistic about the future of crypto. The survey, which included participants from France, Spain, Italy, and Sweden, aimed to gain insights into the crypto investing habits of European users. With a total of 10,498 participants, the survey results provide
Introduction The Stellar Development Foundation (SDF) has announced a delay in the Protocol 20 upgrade of the Stellar blockchain, originally scheduled for January 30. The decision follows the discovery of a bug in Stellar Core v20.1.0, which could potentially impact Soroban transactions. Collaborative Decision-making Process In a blog post dated January 27, the SDF expressed
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NFT Market Faces Sharp Decline In the span between Jan. 20 to Jan. 27, 2024, there was a notable decline in the sales volume stemming from non-fungible tokens (NFTs), plunging 21.25% from the week before. The leading blockchains in seven-day sales, Ethereum and Bitcoin, experienced substantial decreases, ranging from 28.78% to 12.62%, respectively. Steepest Decline
Insights from Gareth Soloway In a recent interview with Gareth Soloway, the chief market strategist at verifiedinvesting.com, Soloway suggested that bitcoin might revisit the $15K level should a significant stock market sell-off occur. Soloway shared insights on his approach to analyzing various data sets for forecasting future trends and drawing conclusions. Bitcoin's Historical Trends Soloway
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Vanguard, a prominent financial institution, has provided insights into its decision to exclude spot bitcoin exchange-traded funds (ETFs) from its trading platform. An executive from Vanguard emphasized that cryptocurrency is considered an "immature asset class" with no historical track record, intrinsic economic value, or cash flow, and has the potential to disrupt investment portfolios. Vanguard's
Analysts Predict Charles Schwab's Move to Shake Up Bitcoin ETF Arena In the aftermath of a remarkable 11-day period during which U.S.-based spot bitcoin exchange-traded funds (ETFs) accumulated a trading volume of $25.36 billion, discussions have arisen regarding the potential involvement of Charles Schwab, the American multinational financial services corporation. Eric Balchunas, Bloomberg's lead ETF
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