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Introduction Over the course of six days, newly launched spot bitcoin exchange-traded funds (ETFs) in the U.S. market, along with the revamped GBTC, witnessed a significant trading volume of $16.53 billion. However, GBTC, which had the majority of this trade volume, experienced a notable reduction in its bitcoin holdings. In just 24 hours, the trust […]

Introduction The head of India's central bank, the Reserve Bank of India (RBI), has raised concerns about the potential dangers of cryptocurrencies, particularly for emerging market economies. During his speech at the World Economic Forum in Davos, RBI Governor Shaktikanta Das emphasized the risks associated with these digital assets. RBI Governor's Crypto Warnings Shaktikanta Das,

Introduction The European Union Council and Parliament have reached a provisional agreement to introduce new regulations for crypto asset service providers (CASPs). These regulations will require CASPs to conduct due diligence on their customers and verify information on users whose transactions exceed $1,090 or €1000. The aim is to prevent fraud, organized crime, and terrorist

Bitcoin Consolidates in the Short Term Bitcoin's 1-hour chart presents a scene of consolidation, with BTC's price movements showing less directionality compared to longer timeframes. Notably, there was a sharp decline to approximately $42,056, possibly indicating a purge of stop-loss orders or a brief panic sell-off following the spot bitcoin exchange-traded fund (ETF) approvals. However,

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler Sees Irony in Spot Bitcoin ETF Approval The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, discussed the irony of spot bitcoin exchange-traded funds (ETFs) in an interview with CNBC on Friday. The securities regulator approved 11 spot bitcoin ETFs last week. Centralization

Blackrock's Ishares Bitcoin Trust's BTC Holdings Blackrock's spot bitcoin exchange-traded fund (ETF), known as the Ishares Bitcoin Trust (IBIT), has recently acquired 11,439 bitcoin. This amounts to a market value of approximately $500 million. The ETF began trading on the Nasdaq stock exchange just two days ago. It is worth noting that the U.S. Securities

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

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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Self-DirectedGold IRAs are great because they let you make investments in gold and other precious metals without having to work with middlemen. In fact, these accounts are so simple that even your grandmother could use them! If you purchase physical gold, silver, palladium, platinum and bar, rounds, and bullion you’ll have instant liquidity. If you’re