The regulatory body continues to say “no” to Bitcoin ETFs. Source: https://decrypt.co/91382/sec-rejects-fidelity-bitcoin-etf
Month: January 2022
SEC rejects application for Fidelity’s Wise Origin Bitcoin Trust spot ETF
The United States Securities and Exchange Commission has disapproved asset manager Fidelity’s Wise Origin Bitcoin Trust spot exchange-traded fund application. According to a Thursday filing, the SEC rejected a proposed rule change from the Cboe BZX Exchange to list and trade shares of Fidelity’s Wise Origin Bitcoin (BTC) Trust. The regulatory body said any rule change in favor of approving…
Diem Selling Assets to Silvergate for $200M, Ending Facebook’s Stablecoin Project: Report
In brief The Diem Association will reportedly sell off its assets and IP to Silvergate for about $200M. Facebook originally launched the stablecoin project as Libra in 2019. Facebook’s stablecoin ambitions may finally be dead. Following Tuesday’s report that the Diem Association was looking to sell off its assets and intellectual property, The Wall Street Journal reports today that Silvergate…
BTC Prices Shaken as Fed Keeps Rates Unchanged – Market Updates Bitcoin News
Cryptocurrency markets were volatile on Thursday as traders appeared to react to the Federal Reserve’s decision to keep interest rates unchanged. Bitcoin and ethereum both saw price uncertainty, as markets now expect a March hike. Bitcoin After making a run towards the $40,000 resistance on Wednesday, trading above $38,000 in the process, BTC/USD fell to a low of $35,690.05 earlier…
The bigger role of LUNA in Terra
In an interview, Do Kwon, co-founder and CEO of Terraform Labs, said that Terra’s ecosystem was built with several use cases such as savings, payments, investments and others that leverage its stablecoin assets. The previous Market Insights newsletter tackled Terra’s ecosystem growth in 2021 and how it got to hundreds of decentralized applications from just two at the beginning of last year. …
Off to a Slow Start
After hitting an all-time high of $69,000 in November 2021, BTC fell by ~52% to 6-month lows of roughly $33,000 on January 24, 2022, and is down nearly -21% year-to-date. Some believe this downtrend to have been driven largely by concerns over the Federal Reserve’s hawkish policy after the December Federal Open Market Committee (FOMC) hinted at accelerated tapering, hikes…
TIME Slips 61%, Wonderland Admin Allegedly Co-Founded Quadrigacx – Markets and Prices Bitcoin News
While reserve-based crypto assets like gold tokens and stablecoins have been able to weather the crypto market carnage over the last two weeks, rebase tokens like wonderland (TIME), and Olympus (OHM) have seen massive losses. Wonderland is down more than 96% since the crypto asset’s all-time high (ATH), and OHM is down over 95% since it’s own ATH. Furthermore, the…
Russia’s proposed crypto ban and why everyone’s against it
On Jan. 20, the Central Bank of Russia (CBR) issued a report summarizing its position on digital assets and proposing a ban on any crypto trading and mining operations in the country. Although the CBR’s strict position on the matter was never a secret, such a bold statement triggered waves of fear, uncertainty, and doubt — otherwise known as FUD…
The Changing Monetary System, Yield Curves And Bitcoin
Listen To This Episode: In this episode of Bitcoin Magazine’s “Fed Watch” podcast, Christian Keroles and I sat down with Jeff Snider, the head of global investment research at Alhambra Investments and a premier eurodollar expert, for a conversation about the current and changing state of the global financial system. We cover the London Inter-Bank Offered Rate (LIBOR) and Secured…
Around El Salvador in 45 days: A Bitcoin-only travel story
El Salvador adopted Bitcoin (BTC) as legal tender over four months ago on Sept. 7, 2021. Bitcoiners around the world have been watching with intent as the president of El Salvador, Nayib Bukele, attempts to “orange-pill” an entire nation. The president regularly buys the dip, has promised a low-tax Bitcoin “Citadel” in the form of Bitcoin City, and is exploring…