New York-based asset management firm VanEck has filed a new application with the Securities and Exchange Commission (SEC) for its spot market Bitcoin ETF. A Bitcoin ETF would allow more traditional investors uncomfortable directly managing cryptocurrencies to gain exposure to the asset. In November 2021, the SEC rejected VanEck’s previous Bitcoin ETF application due to concerns surrounding “fraud and manipulation”…
Following a move below $19,000 on Thursday, BTC was able to rise above $20,000 during today’s trading session. ETH also was able to remain above $1,000, following an attempt by bears to push price under this level during yesterday’s session. Bitcoin Bitcoin was trading marginally higher on Friday, as markets rebounded following a bearish session on Thursday. Despite a heightened…
Crypto lender BlockFi, among those hit badly by the ongoing liquidity crisis in crypto lending, has been offered substantial financial support by rival Ledn, according to a report by Bloomberg. The reported deal would involve $400 million in funding and a $50 million equity contribution supported by crypto VC ParaFi Capital. Ledn’s proposal is also potentially more attractive than the…
This is an opinion editorial by Josef Tětek, the Trezor brand ambassador for SatoshiLabs. Whether you’re just contemplating buying your first hardware Bitcoin wallet or have already had one for years, it’s always a good idea to refresh on the basics of these marvelous devices. Contrary to popular belief, a hardware wallet isn’t a “set it and forget it” tool…
A new report issued by Mastercard, the payment processing giant, has found that most consumers in Latam have knowledge of what cryptocurrency is. The report states that more than half of the consumers in Latam have at least made a transaction involving cryptocurrency. Also, a third of the surveyed declared having used a stablecoin to make a payment. Mastercard…
Deutsche Bank analysts forecast a 30% recovery for Bitcoin by December driven by correlation to S&P 500. Source: https://cointelegraph.com/news/deutsche-bank-analysts-see-bitcoin-recovering-to-28k-by-december
Bitcoin (BTC) has posted its steepest quarterly loss in 11 years as the price of the leading cryptocurrency plummeted as much as 56.27% between April and June, according to data from blockchain analytics Skew. It’s the worst quarterly performance since Q3 2011, when Bitcoin fell by 66.62%—from $15.40 to $5.14, which is also beating the drastic price slumps of the…
Two companies have carried out Russia’s first transactions with digital financial assets as defined by the country’s current legislation. The deal involved the tokenization of debt issued by a third party and its subsequent acquisition. Russian Companies Conduct Issue and Placement of Digital Financial Assets VTB Factoring, a subsidiary of Russian majority state-owned Vneshtorgbank (VTB), and the fintech firm Lighthouse…
VanEck, one of the first firms in the world to ever file for a Bitcoin (BTC) exchange-traded fund (ETF), is not giving up on its plans to launch a spot Bitcoin ETF in the United States. The firm has refiled an application for a physically-backed Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC). Filed on June 24, VanEck’s…
Crypto exchange platform Coinbase denied reports alleging that the company is selling its customer information to the United States Immigration and Customs Enforcement (ICE), an agency that works under the country’s Department of Homeland Security. On Thursday, news that Coinbase has been providing geolocation data to the ICE has circulated online. Because of this, Twitter users like Solobase Mac were…
