The SEC today rejected an application for a spot market Bitcoin ETF from First Trust Advisors and SkyBridge. First Advisors and SkyBridge Capital’s application was filed last May. The two investment firms teamed up to try and get the exchange-traded fund approved but the regulatory body said in a Thursday note that the ETF didn’t meet “the requirement that the…
The Union Bank of the Philippines is planning to offer bitcoin and cryptocurrency trading and custody services to its customers, according to a Bloomberg report. The move seeks to capitalize on the rampant adoption of such assets in the Asian nation, the report said, as the average investor in the country is expected to hold between 3% and 5% of…
The United States Securities and Exchange Commission, or SEC, has officially disapproved the application for First Trust SkyBridge’s spot Bitcoin exchange-traded fund after several deferments. In a Thursday filing, the SEC rejected a proposed rule change from the New York Stock Exchange, or NYSE, Arca to list and trade shares of the First Trust SkyBridge Bitcoin ETF Trust. The SEC…
United States cryptocurrency exchange Binance US, which operates separately from the global Binance platform, has officially opened its trading services to residents of Connecticut. Beginning Jan. 20, Connecticut residents can register to buy, sell and trade digital assets such as Bitcoin (BTC) and Ether (ETH) on the Binance US platform, the company announced Thursday. Residents will also have access to…
Meta Platforms, Inc., formerly known as Facebook, Inc., is reportedly experimenting with non-fungible token (NFT) technology, according to unknown sources speaking with the Financial Times (FT). Allegedly, Meta is “readying” an NFT feature but it is “at an early stage and could yet change.” Meta and Instagram Are Reportedly Experimenting With NFT Tech A report stemming from the financial news…
Jack Dorsey and Michael Saylor will speak at an upcoming Bitcoin conference catered to corporations.Bitcoin for Corporations kickstarts in February to explore how BTC can benefit institutions.The event will be part of a larger conference, World 2022, that will also feature conversations around data analytics. Chief executive officer of financial services company Block, previously known as Square, Jack Dorsey will…
Five industry experts appearing before the United States House Energy and Commerce Oversight Subcommittee had different views on how lawmakers should address the energy consumption of cryptocurrencies. In written testimony released before a Thursday hearing on “Cleaning Up Cryptocurrency: The Energy Impacts of Blockchains,” former Comptroller of the Currency Brian Brooks argued that the energy consumption of Bitcoin (BTC) mining…
Bitcoin (BTC) surged on the Wall Street open on Jan. 20 as news that Russia was planing to “ban” cryptocurrency failed to impact price performance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price climbs $2,500 in 24 hours Data from Cointelegraph Markets Pro and TradingView showed BTC/USD adding $1,500 over several hours on Thursday, continuing the upside move which began…
Today, Eric Adams, the recently sworn-in Democrat mayor of New York City, has confirmed that his first paycheck will be converted into crypto. It’s not only Bitcoin he is going to receive either. Per the announcement, Adams is also set to get a part of his salary in Ethereum, the world’s second-largest cryptocurrency by market cap. “New York is the…
A16z, a VC company with investments in Protocol Labs, Polychain Capital and Opensea among others, is now planning to raise $4.5 billion for its latest fund which is focused solely on cryptocurrencies, according to a report by U.K newspaper Financial Times. Last week, Andreessen Horowitz’ venture capital firm reportedly said it would raise $3.5 billion for its VC fund, as…
