It seems that everyone from corporate behemoths like Visa and Anheuser-Busch to socialite Paris Hilton and NBA legends Michael Jordan and Kevin Durant has recognized the growing importance of nonfungible tokens (NFTs) for the 21st-century economy. World-renowned artists, athletes and musicians have been cashing in on the craze, lending legitimacy to this new use of technology that allows for ownership…
Less than a week after its blowout launch, ProShares wants to change the way it runs its new Bitcoin ETF. ProShares CEO Michael Sapir told Barrons that his firm is filing for an exemption from trading limits at the Chicago Mercantile Exchange, where it purchases futures contracts for its Bitcoin ETF, and that ProShares will request permission to invest in…
The price of bitcoin in October has shown signs of a double-bubble similar to the bull run in 2013, and speculators have been trying to guess the leading crypto asset’s top. On October 20, cryptocurrency market analyst Justin Bennett discussed bitcoin’s possible price floor after it reaches the top. Bennett suggests the end of this cycle could be between $207,000…
With regulatory bodies rumored to soon accept a pure Bitcoin (BTC)-backed exchange-traded fund, it is important to understand the journey of some of the first crypto-based ETFs that have recently been approved by government agencies. The United States Securities and Exchange Commission approved a Bitcoin-adjacent ETF, giving investors the opportunity to gain exposure to Bitcoin through the stock markets, and…
Bitcoin (BTC) can return to $50,000 and still not violate an overall “bullish thesis” after breaking all-time highs, fresh research argues. In its latest market update on Oct. 22, crypto trading platform Decentrader argued that after hitting and retracing from $67,000, there was no reason to be bearish on Bitcoin. “No significant evidence” for $50,000 retest After Bitcoin cracked an…
Before we get into the nitty gritty of how one simple rule created the kind of insane return on investment noted in the headline, lets be clear on one thing. You can’t copy this. Actually, no human can. Even a trading bot couldnt replicate this particular strategy in real life, because its a thought experiment, a proof of concept, rather…
Blockchain is rapidly becoming the innovative force industry insiders have been promising for years. The number of projects and artists offering their works using it as a core technology may be shifting the current economic model under which most musicians operate. Non-fungible tokens, or NFTs, allow independent artists to earn income and engage with their fan base without always relying…
Wall Street opened its doors for the first Bitcoin (BTC) exchange-traded fund (ETF) on Oct. 19, with the listing of ProShares Bitcoin Strategy (BITO) on the New York Stock Exchange. The fund attracted more than $1 billionin trading volume on its first day, while BTC price rallied to a new record high of $67,000. But the spot gains did not…
The Securities and Exchange Board of India (SEBI) has issued a warning that registered investment advisers are not allowed to engage in unregistered activities. This warning includes crypto activities since crypto is currently an unregulated industry in India. SEBI Warns Registered Investment Advisers Cannot Engage in Crypto Activities Indian securities and commodity market regulator, the Securities and Exchange Board of…
Another week has gone by, and with it, a cacophony of historical, inspired, and questionable events proliferated across the ever-expansive world of Crypto Twitter. On Monday, Sanchan Saxena, a VP at Coinbase, shared details about the exchanges upcoming NFT marketplace. With a waitlist that has already surpassed 1.5 million applicants, Sanchan reassured the community that Coinbase would not erect a…
