Feb 03 2024
Invesco and Galaxy Asset Management have joined the ongoing battle over fees in the spot Bitcoin ETF space. The two companies announced that the Invesco Galaxy Bitcoin ETF (BTCO) will now have an expense ratio of 0.25%, reduced from its previous 0.39%. The fund will waive its fees for the initial six months or until …
Feb 03 2024
Einstein’s 4-hour chat paints a more clear picture of the recent price action. The cryptocurrency has been forming a falling wedge pattern since failing to break above the $2,700 resistance area. Meanwhile, considering the availability of several support levels, investors can still be optimistic about the short-term trend. A bullish breakout from the wedge can …
Feb 03 2024
OP, the native token of the layer-2 Optimistic Rollup network, incurred weekly losses of over 20%. Despite this, a substantial number of token holders maintained a profitable position. Such a trend is viewed as positive for the crypto asset, indicating the resilience of long-term investors who have navigated through the market’s volatility. It also underscores …
Feb 02 2024
In a recent interview, Jack Dorsey and Luke Dashjr shared their insights on the current state and future trajectory of Bitcoin. The interview also shed light on Ocean Mining’s innovative efforts to combat the centralization of mining pools. Dorsey believes BTC can potentially contribute to “world peace” and “energy abundance” The conversation then shifted to …
Feb 02 2024
Meitu, the pioneering Hong Kong-listed company known for its ventures into cryptocurrencies, has recently announced a strategic shift away from digital assets. The company, which made headlines in 2021 for investing around $100 million in cryptocurrencies, revealed that its growth is now driven primarily by its artificial intelligence (AI) business. The decision is rooted in …
Feb 02 2024
ChatGPT said that whether Bitcoin hits $100K after the SEC approves a spot BTC ETF hinges on multiple considerations. Approval of a spot Bitcoin ETF could make it easier for institutional investors to gain exposure to Bitcoin. Increased institutional interest might lead to higher demand and potentially higher prices. ChatGPT also said that if the …
Feb 02 2024
One of the five suspects was arrested as he tried to leave the country. Precautionary measures were implemented against the other four. The suspects have been notified of the charges for which they could end up in prison for up to 12 years. “The suspects sought to misappropriate approximately 1.5 billion Ukrainian hryvnias ($39.68 million) …
Feb 01 2024
Caroline Ellison, SBF’s ex-girlfriend, took the witness stand twice this week. Ellison, former Alameda CEO, said that while she had a business executive position at the trading firm, it was Sam who specifically directed her on how to use Alameda’s funds, move capital, and talk to institutions and investors. Ellison stated that Sam pressured her …
Feb 01 2024
The market share of the world’s largest cryptocurrency exchange Binance has recovered significantly after plunging in the second half of 2023. The U.S. regulatory crackdown on the exchange peaked in November when the Department of Justice (DOJ) a $4.3 billion settlement with the trading platform over several charges, including a willful flo. According to a …
Feb 01 2024
Ripple CEO Brad Garlinghouse has expressed his validation of the U.S. Securities and Exchange Commission’s decision to authorize financial institutions to offer investors spot Bitcoin exchange-traded fund (ETF) products. In a recent with FOX Business, the Ripple boss noted that the approval from the financial regulator is a step closer to bringing cryptocurrencies like Bitcoin …