Self-Directed Gold IRAs are a great way to invest in gold without dealing difficulties associated with purchasing physical bullion. This type of account allows investors to buy gold directly from the government and store it under their own name. Although many prefer to have physically gold in their possession, all has access to it. Also, physical gold is expensive and difficult to transport. … [Read more...]
NYSE Arca Proposes Options Trading for Bitcoin ETFs in Finance Sector Breakthrough
Introduction In a groundbreaking move, NYSE Arca Inc. has submitted a proposal to amend its rules to enable options trading on commodity-based trust shares, specifically targeting bitcoin-based Exchange-Traded Funds (ETFs). This initiative, detailed in the 19b-4 filing with the Securities and Exchange Commission (SEC), marks a significant advancement in the financial products available for crypto … [Read more...]
Treasury Yields Surge, Dow, Nasdaq, and S&P 500 Tumble
Market Sentiment Remains Cautious The leading trio of U.S. stock indices, including the Dow Jones Industrial Average, Nasdaq Composite, and the S&P 500, experienced a downturn on Wednesday afternoon. This decline coincided with a surge in 10-year Treasury yields, which jumped 0.98% to 4.102%. At the same time, the value of gold decreased by a percentage point, and bitcoin also witnessed a … [Read more...]
Skybridge Founder Expects Bitcoin to Surpass $170,000 Next Year
Skybridge Capital Founder's Bitcoin Price Prediction Anthony Scaramucci, the founder of Skybridge Capital, believes that the price of Bitcoin will surpass $170,000 next year. Scaramucci bases his prediction on two factors: the upcoming Bitcoin halving and the increasing institutional demand for newly listed spot Bitcoin exchange-traded funds (ETFs). In an interview at the Reuters Global … [Read more...]
South Korea’s Crypto Volumes Reach New Heights in 2024 as Local Exchanges Dominate Market
Introduction In the past 100 days, South Korea has experienced a significant surge in crypto trading activity. Local exchanges, Upbit and Bithumb, have recorded their highest trading volumes during the first week of January 2024. Despite the premium on South Korea’s crypto assets, the most popular traded coins in this region differ from those on global platforms like Binance and Coinbase. This … [Read more...]
Grayscale’s Bitcoin Trust Transfers 4,000 BTC Worth $175 Million to Coinbase
Recent blockchain analytics have revealed that Grayscale's Bitcoin Trust, also known as GBTC, has transferred 4,000 bitcoins to Coinbase. This transaction, valued at approximately $175 million, was conducted in four separate batches, with each batch consisting of 1,000 bitcoins. The movement of such a significant amount of BTC has attracted attention in the financial world. Grayscale's … [Read more...]
SEC Chairman Gary Gensler Approves 11 Spot Bitcoin ETFs in Landmark Decision
SEC Approves Spot Bitcoin ETFs with Gary Gensler's Deciding Vote In a groundbreaking decision, Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), voted in favor of approving 11 spot bitcoin exchange-traded funds (ETFs). This decision came after a voting session where two commissioners were in favor and two were opposed. Gensler's vote ultimately tipped the … [Read more...]
Spot Bitcoin ETFs Approved for Trading on U.S. Stock Exchanges
Introduction After much anticipation, spot Bitcoin exchange-traded funds (ETFs) have been given the green light to begin trading in the United States. The Securities and Exchange Commission (SEC) approved a total of 11 spot Bitcoin ETFs on Wednesday. These ETFs will be listed and traded on major U.S. stock exchanges, including the NYSE Arca, Nasdaq, and Cboe BZX Exchange. The exchanges have … [Read more...]
Luetkemeyer’s Retirement Paves the Way for Crypto-Friendly Leadership in House Banking Committee
Shift in House Financial Services Committee Leadership The retirement announcement of U.S. Rep. Blaine Luetkemeyer (R-Mo.) at the end of 2024 could have significant implications for the future of cryptocurrency regulation. Luetkemeyer, who currently serves on the House Financial Services Committee, had expressed interest in taking over as chairman when Patrick McHenry's term ends in early … [Read more...]
Bitcoin ETF Approval: Anticipating Market Impact and Sell-The-News Event
Introduction As the cryptocurrency community eagerly awaits the SEC's decision on pending bitcoin ETF applications, the possibility of approval has sparked discussions on how it may impact the market. With Bitcoin's price experiencing significant growth over the past year, some market participants speculate that this rise may have been fueled by anticipation of the approval announcement. … [Read more...]
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