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SEC likely to approve Bitcoin ETF in 1-2 years, says analyst

According to an analyst at CFRA Research, VanEck, Fidelity Investments, and Valkyrie Digital Assets may not see their Bitcoin exchange-traded funds, or ETFs, approved by U.S. regulators for up to two years. In an interview on CNBC’s ETF Edge Monday, Todd Rosenbluth, head of ETF and mutual fund research at CFRA, told host Bob Pisani that he believed the U.S. Securities and Exchange Commission, or SEC, would extend the timeline for considering...

Developer-focused DeFi aggregator Instadapp launches governance token

In a blog post yesterday, decentralized finance (DeFi) management and protocol aggregator platform Instadapp announced the launch of their governance token, INST. While not currently transferable by the average user, the token is set to go fully live later in the year to coincide with a transfer of control over the protocol to a DAO governance process in Q2.  The project, which currently counts over $2.3 billion in its 18,000 “Smart...

China’s CBDC is about domestic dominance, not beating the dollar

For the past several years, the trade war between China and the U.S. has been at the center of international relations, with technology playing an outsized role. Within crypto, advancing interest in central bank digital currencies has become part of that narrative of geopolitical competition. Many have framed the development of CBDCs in China and the U.S. as a race — in which case, China is clearly closer to launch and, hence, the...

Bitcoin Weekly Outlook: All Eyes on FOMC December Meeting

Bitcoin started the new week on a corrective note after posting an incredible $1,300 price rally during the weekend. The BTC/USD exchange rate slipped 0.41 percent to $19,088 in the early Asian trading session. In doing so, the pair kept the downside momentum intact on weekly charts, suggesting that it could continue its bearish correction further to neutralize its technically overbought sentiments. Bitcoin recovery stalls mid-way. Source:...

Bitcoin bulls return after BTC bounces at a key support level

A wave of selling took command of the cryptocurrency market on April 7 after Bitcoin (BTC) price dropped below $56,000. The market-wide sell-off led to $1.4 billion in liquidations and some analysts suggested that this could be the final sweep out of overleveraged long traders before Bitcoin can make a run higher to the $70,000 level. BTC/USDT daily chart. Source: TradingView One sign that the market had moved ahead of itself over the past week...

Ripple, SEC Say Settlement Unlikely Before Trial Over Alleged Securities Fraud

The U.S. Securities and Exchange Commission (SEC) and Ripple said Monday that there’s little chance of settlement ahead of the expected trial of the blockchain payments firm over alleged securities infractions. In a discovery letter addressed to Federal Judge Analisa Torres at the U.S. District Court for the Southern District of New York, the parties said that having previously discussed the matter, they “do not believe there is a prospect...

Mark Cuban says NFTs could disrupt electronic signature firms

Dallas Mavericks owner and Dogecoin proponent Mark Cuban says nonfungible tokens may have the ability to disrupt and even transform industries dealing with digital identity verification and electronic signatures. In an episode of the Unchained podcast released yesterday, Cuban said “anything documentation driven” could potentially be transformed by nonfungible tokens, or NFTs. The billionaire said that smart contracts could destabilize...

Tarbert makes way for Biden's CFTC chair, but will remain a commissioner

Heath Tarbert is no longer the chairman of the Commodity Futures Trading Commission, but he will remain one of its five commissioner In a CFTC announcement on Thursday afternoon, Tarbert followed through with his resignation, which he announced at the beginning of December. However, it was not clear at the time whether he would remain on the commission at all. Today’s announcement confirmed that Tarbert would stay on as a commissioner, with a...

Institutions and miners accumulating through Bitcoin chop; whales uncertain

After a violent price reversal last week that saw Bitcoin retreat from all-time highs, traders and analysts are now eyeing major players and investors to gauge BTC’s next move — and so far the reaction is decidedly mixed. Data from on-chain analytics firm Glassnode indicates that the number of Bitcoin whales — a term for wallets that hold between 1,000 and 10,000 BTC — has at least temporarily reversed what was previously a strong...

Riot Blockchain purchases 42,000 Antminers from Bitmain

Riot Blockchain, a cryptocurrency mining company, has expanded its fleet and mining capacity with a new purchase order for 42,000 S19j Antminers from Bitmain. Megan Brooks, Riot’s COO, said the latest purchase order positions her company and the United States at the center of the Bitcoin mining industry: “By nearly doubling its planned hash rate capacity, Riot continues to take great strides forward in growing both the Company’s and the...

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