Author name: Peter

U.S. Senator Elizabeth Warren Criticizes SEC Approval of Spot Bitcoin ETFs

U.S. Senator Elizabeth Warren has expressed her disapproval of the U.S. Securities and Exchange Commission (SEC) for approving spot bitcoin exchange-traded funds (ETFs). She strongly believes that the securities regulator is making a mistake both legally and in terms of policy when it comes to the decision on bitcoin ETFs. Senator Warren's Criticism of SEC's […]

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Ark Invest CEO Cathie Wood Doubles Down on Bullish Bitcoin Forecast, Sees Increased Probability of $1.5 Million Price

Introduction Cathie Wood, the CEO of Ark Investment Management (Ark Invest), has reiterated her optimistic bitcoin price predictions, now suggesting a higher likelihood of the cryptocurrency's value surging to $1.5 million per coin. Wood emphasized that the recent approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) has further

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Grayscale’s Bitcoin Trust Transfers 4,000 BTC Valued at $175 Million to Coinbase

Introduction Recent blockchain analytics have revealed that Grayscale's Bitcoin Trust (GBTC) has transferred 4,000 bitcoins, worth approximately $175 million, to Coinbase. These transfers were conducted in four separate batches of 1,000 bitcoins each. The news of these transactions comes at a time when the financial world is abuzz with the debut of a new spot

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Vanguard Blocks Customers from Trading Spot Bitcoin ETFs

Vanguard's Stance on Spot Bitcoin ETFs Several investment firms, including Vanguard, have decided to block customers from trading spot bitcoin exchange-traded funds (ETFs). According to Vanguard, these products do not align with their focus on asset classes such as equities, bonds, and cash. As a result, some dissatisfied customers have closed their Vanguard accounts and

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SEC Commissioner Slams Delay in Approving Spot Bitcoin ETFs

SEC Commissioner Hester Peirce criticizes agency for holding back spot bitcoin ETFs SEC Commissioner Hester Peirce has expressed her disappointment with the delay in approving spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). In a statement, she criticized the agency's arbitrary and capricious treatment of applications, stating that it will

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Coinshares Expands US Presence by Acquiring Valkyrie and Its ETFs

Coinshares Strengthens Position in the US Market Coinshares International Limited has announced its acquisition of Valkyrie Funds LLC, a prominent digital asset manager based in the United States. The decision to acquire Valkyrie was driven by the recent approval of the company's spot bitcoin exchange-traded fund (ETF). The acquisition includes Valkyrie's range of exchange-traded products,

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Congressman Warren Davidson Criticizes U.S. Treasury’s Crypto Policy Proposals

Warren Davidson Rejects U.S. Treasury's Attempt to Ban Crypto Assets Warren Davidson, Vice Chairman of the Subcommittee on Digital Assets, Financial Technology, and Inclusion of the House Financial Services Committee, has vehemently rejected the policy suggestions put forth by the U.S. Treasury to regulate crypto assets. He argues that these proposals aim to effectively ban

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SEC Investigates X Account Breach, Lawmakers Demand Answers

Lawmakers Demand Briefing on SEC's Compromised X Account Four U.S. lawmakers have written a letter to U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, demanding a briefing on the SEC's compromised X account. The account breach resulted in a false tweet announcing the approval of bitcoin exchange-traded funds (ETFs) on January 9. The SEC's

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