ARK Invest, a cryptocurrency investment firm founded by Bitcoin (BTC) advocate Cathie Wood, bought about $1.5 million of SoFi Technologies (SOFI) shares on Nov. 29, the day the latter announced its exit from crypto. On Nov. 29, ARK bought 200,275 SOFI shares to allocate to its ARK Fintech Innovation ETF (ARKF), according to a trade notification seen by Cointelegraph. The…
The suggestion that Hong Kong could make an “Initial Coin Offering” (ICO) appeared in a list of propositions formulated by the Hong Kong Securities and Futures Association to revitalize Hong Kong’s economy. The document, signed by association president Chen Zhihua, was published on Nov. 29 and included various measures, ranging from routine to bold. The suggestions include the legal recognition…
Bitcoin supply shock tactics give way to ETF hype in Standard Chartered’s new $100,000 BTC price prediction. Source: https://cointelegraph.com/public/index.php/news/bitcoin-etf-165-btc-price-gain-2024-standard-chartered
Cryptocurrency payment platform Alchemy Pay is scaling its payment options by integrating new on-ramps — or new ways to buy crypto — in Europe and the United Kingdom. Alchemy Pay has introduced new deposit options, including the Euro Instant solution, Single Euro Payments Area (SEPA) Instant, and the U.K. fast money transfer option, Faster Payments. Announcing the news on Nov.…
Bitcoin (BTC) may hit $100,000 in one year’s time thanks to “earlier than expected” exchange-traded funds (ETF) launching, says Standard Chartered. In a research note issued on Nov. 28 quoted by sources including Business Insider, the banking giant doubled down on its bullish BTC price targets. Standard Chartered still expects six-figure BTC price Bitcoin is in line to trade at…
The Bitcoin futures annualized premium jumped to 34% on Nov. 28, leading analysts to speculate about an imminent spot BTC ETF approval. Source: https://cointelegraph.com/app/public/index.php/news/cme-bitcoin-futures-show-investors-betting-on-40k-btc-price
The number of crypto hodlers in Canada dropped slightly in 2023, but the average value of their holdings rose significantly. However, 77% of respondents regret investing in crypto assets, according to a survey published by the Ontario Securities Commission (OSC). The OSC published a “Crypto Assets Survey 2023,” on Nov. 29, conducted in partnership with Ipsos at the end of May.…
Binance’s $4.3 billion settlement with the United States Department of Justice (DOJ) is being hailed as a positive move for the company and the wider cryptocurrency industry, according to Galaxy Digital’s Mike Novogratz. In an interview with Bloomberg on Nov. 29, the CEO of the cryptocurrency investment firm expressed his belief that the high-profile settlement should assuage concerned investors and users of…
Bitcoin ETFs could be subject to manipulation in the spot Bitcoin market. The SEC’s chief concern is figuring out how to prevent manipulation induced by ETFs. Source: https://cointelegraph.com/app/public/index.php/news/research-the-dynamics-of-market-manipulation-before-you-jump-in-bitcoin-etfs
Bitcoin ETFs could be subject to manipulation in the spot Bitcoin market. The SEC’s chief concern is figuring out how to prevent manipulation induced by ETFs. Source: https://cointelegraph.com/public/index.php/news/research-the-dynamics-of-market-manipulation-before-you-jump-in-bitcoin-etfs
