The enduring inflation crisis in Argentina has been a prominent issue in the South American nation, marked by the Argentine peso experiencing an annual inflation rate exceeding 140% in the past 12 months. Many crypto proponents have also been advocating that Argentina should adopt Bitcoin as an inflationary hedge. As a result, some of the top Bitcoin proponents are also celebrating Milei’s victory.
#Bitcoin is hope for Argentina. Congratulati...
The U.S. SEC once again delays its decision to approve two spot Bitcoin ETFs, raising speculations in the crypto space. Meanwhile, the market already expected a delay for both Franklin Templeton’s and Global X’s spot Bitcoin ETF applications as they fall behind other spot Bitcoin ETF issuers in the race to approve the first spot Bitcoin ETF in the US. This may result in the SEC delaying it...
The US Securities and Exchange Commission (SEC) defers its decision again to approve two spot Bitcoin ETFs. The market already expected a delay for both Franklin Templeton’s and Global X’s spot Bitcoin ETF applications as they fall behind other spot Bitcoin ETF issuers in the race to approve the first spot Bitcoin ETF in the US. This may result in the SEC delaying its decision on approval ...
Senior Bloomberg ETF analyst Eric Balchunas claims to be hearing chatter that the United States Securities and Exchange Commission (SEC) is in talks with exchanges over spot Bitcoin ETF.
SEC Advises Exchanges on Cash Creates
According to an earlier tweet, Balchunas stated that the SEC’s Trading and Markets division is advising most of these exchanges on the amendments to make.
“Hearin...
Bitcoin price has shown a whopping uptrend since last month, leading to breaking the $37.5K mark. The upsurge could be seen floating more due to speculation about a spot bitcoin ETF approval. Right after BlackRock’s spot Bitcoin ETF filing, the industry has seen a large number of applications submitted to the US Securities and Exchange Commission (SEC) for ETF approval.
While none approved...
WisdomTree asset management company has submitted a revised spot Bitcoin ETF prospectus (S-1 filing) to the U.S. Securities and Exchange Commission (SEC). Bloomberg ETF analyst James Seyffart explains that WisdomTree is still planning to launch an ETF, but left behind the spot Bitcoin ETF race as others have already submitted updated applications.
WisdomTree Files Updated Spot Bitcoin ETF
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Bitcoin (BTC) price is on a downtrend as the broader digital currency ecosystem has taken a dramatic and bearish turn. Bitcoin is down 5.09% at the time of writing, a slump that comes despite the obvious bullish fundamentals that surround the market at this time.
Bitcoin (BTC) Price Slump: Opportunity in Disguise
Bitcoin is fast losing its gains with price pegged at $35,774.80, breaching ...
John Deaton, a prominent attorney and proponent of XRP, has recently engaged in a debate sparked by Justin Bons, a long-standing cryptocurrency expert. Bons, known for his bold opinions, has labeled Bitcoin, the pioneering cryptocurrency, as a technological failure. While acknowledging Bitcoin’s challenges, Deaton refutes this assertion, highlighting the crypto’s global performance. He emp...
The crypto prices today noted significant gains, as the investors seem to have lauded the latest economic data. The U.S. Consumer Price Index and Producer Price Index, two important data to gauge inflation, have been released this week, which have fuelled confidence of the investors.
The latest data showed that the U.S. inflation cooled in October, suggesting that the Federal Reserve may c...
Over the last two, the Bitcoin price has come under some strong selling pressure while slipping another 3% all the way to $35,000. This shows that Bitcoin has entered a strong retracement after hitting $37,000 last week making investors cautious of the current developments.
Key Bitcoin Red Flags to Watch
As reported, the recent selling pressure comes as Bitcoin whales have been cashing out...
