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The U.S. Securities and Exchange Commission Issues Warning about Fear of Missing Out (FOMO)

The U.S. Securities and Exchange Commission (SEC) has recently issued a warning to investors regarding the risks associated with fear of missing out (FOMO). The SEC emphasized that just because others may be investing in a particular opportunity, it does not necessarily mean that it is the right choice for everyone. In light of the […]

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The Market Anticipates Federal Reserve’s Target Rate Decisions

This year, similar to the speculation of the previous year, market observers eagerly await the U.S. Federal Reserve's decisions regarding the federal funds rate. There is a particular focus on potential rate cuts in the coming months. According to Ellen Zentner, Morgan Stanley's lead economist in the U.S., rate reductions are predicted. However, she cautions

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The Risks of Coinbase’s Role as Custodian for Bitcoin Spot ETF Applications

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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Nigerian Payments Fintech Startup Cleva Secures $1.5 Million in Pre-Seed Funding

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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SEC Chairman Gary Gensler Clarifies Stance on Bitcoin and Spot Bitcoin ETF Approvals

Introduction In the wake of the recent approval of spot bitcoin exchange-traded funds (ETFs), U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has issued a statement to clarify the regulator's stance on bitcoin and cryptocurrency. While approving spot bitcoin ETFs, Gensler emphasizes that this does not signify the SEC's endorsement of bitcoin or other

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U.S. Spot Bitcoin ETFs Generate $4.6 Billion in Trading Volume on Debut

The highly anticipated launch of U.S. spot bitcoin exchange-traded funds (ETFs) sparked a trading frenzy on their inaugural day of trading, accumulating a combined trading volume of $4.6 billion. Blackrock, the world's largest asset manager, made a strong debut with over $1 billion in trading volume for its Ishares Bitcoin Trust (IBIT). Fidelity Wise Origin

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Independent Nonprofit Organization Criticizes SEC Approval of Bitcoin ETFs

Introduction An independent nonprofit organization has expressed its disappointment and concern over the recent approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Better Markets, a nonprofit organization dedicated to promoting public interest in financial markets and the economy, argues that the approval has allowed for the mass marketing

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BlackRock CEO Larry Fink: Bitcoin is an Asset Class that Protects You

Shifting the Narrative: Bitcoin as a Protective Asset In a recent interview with CNBC, BlackRock CEO Larry Fink expressed a positive perspective on Bitcoin, stating that it "is an asset that protects you." Fink compared Bitcoin to gold, emphasizing its role as a safeguard against geopolitical risks and personal uncertainties. This recognition from the head

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