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 …
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 …
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 …
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 …
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, …
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 …
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 …
the website. However, this method also comes with its own set of challenges. The delivery company has to handle cash, which increases the risk of theft or loss. Additionally, the retailer may face difficulties in reconciling the cash received with the corresponding …
The European Banking Authority (EBA) is set to take additional measures to assess the potential impact of non-bank financial institutions (NBFIs), including cryptocurrency-related entities, on European Union banks. The move comes as concerns over contagion and the interconnectedness of financial firms continue …
The Sei Network’s SEI token has experienced significant growth in recent weeks, thanks to the rise in popularity of EVM-compliant blockchains and the parallelization process. The Sei Network, which was launched in August 2023, is a trading-focused blockchain that offers speed, low …