The crypto market recorded a broader market recovery on Wednesday, with Bitcoin and Ethereum prices hitting a six-week high. Bitcoin climbs 8% to over $29000, while Ethereum price soars 6% to surpass $1830 in the past 24 hours.
Meanwhile, US Federal Reserve Chair Jerome Powell in a testimony to the US House Financial Services Committee revealed that the interest rate pause is temporary. He...
Invesco, a prominent investment management company overseeing $1.49 trillion in assets, has submitted a fresh application for a spot Bitcoin (BTC) exchange-traded fund (ETF). This move comes after Invesco initially filed for a Bitcoin ETF in collaboration with Galaxy Digital in 2021, as CoinGape reported.
Invesco Refiles Bitcoin ETF
Invesco has reportedly tossed its hat back into the ring ...
Crypto Market News: Within a week after News broke about Blackrock filing for an ETF application, WisdomTree Investments, one of the largest asset managers in the United States, followed suit. The company filed an application for ‘WisdomTree Bitcoin Trust’, an exchange traded fund, with the US Securities and Exchanges Commission (SEC). Interestingly, mainstream US financial companies are c...
Crypto Market News: A group of United States lawmakers on Tuesday introduced an Act to establish a commission to study the country’s approach towards artificial intelligence. The focus will be on the question of regulating the AI space. The move comes several months after many tech leaders, including billionaire Elon Musk, called for the need to enforce slowdown in AI development. Recently...
Bitcoin News: The Tate brothers, Andrew and Tristan have been charged with human trafficking and forming an organized crime group said Romania’s Directorate for the Investigation of Organized Crime and Terrorism. As per the notice, the authority is now seeking to get hold of the accused’s cryptocurrency holding, properties, luxury cars and watches.
Also Read: Binance Top Exec Taking Exit I...
The crypto and stock markets are typically highly impacted by the US Treasury Dept issuing treasury bills to refill its Treasury account balance as it drains US dollar liquidity from financial markets. However, BitMEX co-founder Arthur Hayes revealed the impact is not as critical as expected and risk assets like Bitcoin price will start to rally soon.
Arthur Hayes Bullish On Bitcoin Rally
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Crypto Market News: While the International Monetary Fund (IMF) now began helping governments across the world develop Central Bank Digital Currencies (CBDCs), XRP token had long been in the eyes of the international financial institution. The International Monetary Fund had on Monday revealed it was developing a global platform to facilitate CBDC interoperability. On the other side, Rippl...
Crypto Market News: A group of Ethereum developers have proposed key changes to validator requirements keeping in mind future consensus layer upgrades. Effectively, this proposal may have some real time impact on investor decisions, considering that the proposal deals with Ethereum (ETH) tokenomics, which would ultimately have an impact on the pricing. This could also lead to operational c...
Fidelity Investments, the world’s third-largest asset management firm with $4.2 trillion in assets under management (AUM), preparing to file a spot Bitcoin ETF similar to BlackRock iShares spot Bitcoin ETF. The financial giant is also planning to submit an offer to acquire the largest digital asset management firm Grayscale Investments.
Fidelity Investments Filing a Spot Bitcoin ETF
After ...
Crypto News: The crypto market witnessed slight positive sentiment following the filing of BlackRock iShares spot Bitcoin ETF with the US SEC and crypto exchanges Binance and Coinbase reduced some FUD after the US SEC lawsuits. The two largest crypto assets Bitcoin (BTC) and Ethereum (ETH) price recovered from fall after the US Federal Reserve kept the interest rate unchanged, but signaled...
