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  • News
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  • About

Arnold Potts

Founder and Lead Editor of Coinfiend. Arnold loves all things blockchain.

Bitcoin ETF Approval Expected to Trigger Flood of Investment in Cryptocurrency Market

January 6, 2024 by Arnold Potts

A flood of investment money is expected to enter the cryptocurrency market if the U.S. Securities and Exchange Commission (SEC) approves bitcoin exchange-traded funds (ETFs) from several firms in the coming days. This approval would provide easier access to bitcoin for both …

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Nigeria’s Central Bank Eases Stance on Crypto with New Guidelines for Banks

January 6, 2024 by Arnold Potts

The Central Bank of Nigeria (CBN) has taken a significant step towards embracing digital assets by releasing guidelines for banks on how to handle cryptocurrencies. This move indicates a shift in the country’s regulatory stance on crypto, which had previously been stringent. …

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Spot Bitcoin ETF May Soon Begin Trading in the US: What You Need to Know

January 6, 2024 by Arnold Potts

Title: Spot Bitcoin ETF May Soon Begin Trading in the U.S. Introduction Excitement is building around the possibility of a spot bitcoin exchange-traded fund (ETF) launching in the United States. This regulated financial product would provide institutional and retail investors with easier …

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Citi Alumni-Founded Startup to Offer Bitcoin Securities Without SEC Approval

January 6, 2024 by Arnold Potts

A group of former Citigroup executives is planning to introduce bitcoin-backed securities that they claim do not require approval from the U.S. Securities and Exchange Commission (SEC). Receipts Depositary Corp. (RDC) will offer depositary receipts similar to American depositary receipts (ADRs), which …

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Bullish Bitcoin Market Sentiment on Display as ‘Buy the Dip’ Mentions Soar

January 6, 2024 by Arnold Potts

Social media buzzed with bullish sentiment on Wednesday following a speculative report that suggested a potential delay in the launch of a spot bitcoin ETF in the United States. This news caused the leading cryptocurrency to slide by 5%. According to data …

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BlackRock and Valkyrie Name Authorized Participants for Bitcoin ETF Applications

January 5, 2024 by Arnold Potts

BlackRock and Valkyrie, two applicants for a spot bitcoin exchange-traded fund (ETF), have announced their authorized participants (AP) for the yet-to-be-approved ETF, according to recent filings. BlackRock, the first applicant to disclose this information, has partnered with J.P. Morgan and quantitative trading …

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JPMorgan Chase CEO Jamie Dimon’s Bitcoin Bashing: A Case of ‘Do as I Say, Not as I Do

January 5, 2024 by Arnold Potts

JPMorgan Chase CEO Jamie Dimon, a long-time critic of cryptocurrencies, has found himself in a rather ironic situation. Despite his vocal opposition to digital currencies, JPMorgan is now diving deeper into the world of cryptocurrencies, particularly Bitcoin. The bank has been revealed …

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The Race to Launch a Bitcoin ETF Intensifies as Wall Street Giants Finalize Paperwork

January 5, 2024 by Arnold Potts

The race to launch a bitcoin exchange-traded fund (ETF) in the United States has reached a bureaucratic crescendo, with major Wall Street firms finalizing their offerings’ paperwork in anticipation of approval from the U.S. Securities and Exchange Commission (SEC). BlackRock, Fidelity, Invesco, …

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Bitcoin Starts 2024 with a Strong Push Towards $46,000, Boosted by Anticipation of SEC Approval for Spot Bitcoin ETFs

January 4, 2024 by Arnold Potts

The price of bitcoin (BTC) has started the year 2024 with a strong surge, gaining over 7% in just 24 hours and approaching $46,000. This marks the highest level for the cryptocurrency since April 2022. The driving force behind this upward movement …

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Bitcoin Bullish Bets Become Costlier as Funding Rates Hit Record 66%

January 4, 2024 by Arnold Potts

Holding long positions or leveraged bullish bets in the perpetual futures market tied to bitcoin has become more expensive than ever as bitcoin surpassed $45,000 for the first time since April 2022. Data from crypto services provider Matrixport reveals that global average …

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