Coins▪︎Trading▪︎Crypto News

2024-05-21 10:06:35 Ether ETFs Filing Process Sees Abrupt Progress, Though Approval Not Guaranteed: Sources

The exchanges that want to list and trade shares of spot ether (ETH) exchange-traded funds are abruptly being asked by regulators to update key filings related to these products. Exchanges are being asked to update 19b-4 filings on an accelerated basis by the U.S. Securities and Exchange Commission, three people familiar with the situation told CoinDesk, suggesting they may be moving to approve these applications ahead of a key deadline this Thursday.

Source

Coin | Trading | News Open / Comment

2024-05-20 18:52:04 Skybridge's Scaramucci: Institutional Adoption of Bitcoin Is Happening Now

Anthony Scaramucci, founder of Skybridge Capital, believes that the institutional adoption of bitcoin is happening now. Highlighting recent developments like the State of Wisconsin Investment Board investing in Blackrock’s spot bitcoin exchange-traded fund (ETF), he predicts that other pension funds will make similar announcements. “Bitcoin now has the regulatory approval and I think that was the rate-limiting step for a lot of these large-scale institutions,” he detailed.

Source

Coin | Trading | News Open / Comment

2024-05-19 19:42:36 Hong Kong Police Arrest Crypto Exchange Shop Employees on Suspicion of Fraud

Hong Kong police have taken into custody three employees of a currency exchange shop who are suspected of engaging in fraudulent activities. On Wednesday, Hong Kong’s technology crime division apprehended three individuals aged between 31 and 34. The authorities seized 3,000 hell banknotes, a safe, and a note-counting machine from a store in Tsim Sha Tsui. Hell banknotes, used in traditional Chinese rituals as offerings to ancestors or deities, were among the confiscated items.

Source

Coin | Trading | News Open / Comment

2024-05-18 19:47:16 Indian Regulator Advocates Multi-Agency Approach for Crypto

The Securities and Exchange Board of India (SEBI) has submitted its recommendations for regulating crypto assets to a government panel. SEBI suggests multiple regulators for different aspects of cryptocurrency trade. India’s central bank, the Reserve Bank of India (RBI), however, views crypto as a macroeconomic risk, highlighting concerns about tax evasion and fiscal stability.

Source

Coin | Trading | News Open / Comment

2024-05-18 07:10:32 Lackluster Performance for Hong Kong Bitcoin ETFs Since Launch

On Thursday, the spot bitcoin ETFs in Hong Kong experienced net negative outflows of approximately 104.79 BTC, valued at about $6.95 million. There has been little enthusiasm for the Hong Kong spot bitcoin ETFs or the spot ethereum ETFs, as their performances have been minimal. The first trading day was the best, with an inflow of 3,880 BTC, while the next day’s sessions recorded a significantly lower inflow of 173.13 BTC.

Source

Coin | Trading | News Open / Comment

2024-05-17 08:56:13 Bitcoin power-law model projects $100k value before January 2025

The Bitcoin (BTC) Power-Law Model, coined by Giovanni Santostasi, provides a mathematical description of BTC’s price movements, revealing a power-law distribution on a log-log scale. However, its predictive capabilities for future price movements are limited due to the absence of assumptions about broader markets and external factors. While it is an excellent indicator of BTC’s past growth, its effectiveness in forecasting future price trends is constrained.

Source

Coin | Trading | News Open / Comment

2024-05-16 19:27:59 QCP expects current momentum to push the bitcoin price back to all-time highs

QCP Capital today stated that it expects the price of bitcoin to ride back to the highs of $74,000 after the latest Consumer Price Index print in the United States saw risk assets surge yesterday. "We expect bullish momentum here that could take us back to the highs of 74k," the institutional-focused firm wrote in the Telegram channel QCP Broadcast, citing buy-side demand.

Source

Coin | Trading | News Open / Comment

2024-05-16 09:51:29 El Salvador mined 474 bitcoin since 2021 using volcanic geothermal power, bringing total BTC to 5,750: report

El Salvador has mined 474 bitcoin since 2021 using geothermal power fueled by the Tecapa volcano. The mined coins bring the country's total bitcoin holdings to 5,750, worth about $380 million at current prices, Reuters reports. Nayib Bukele, El Salvador's pro-Bitcoin president, who won a second term in February 2024, implemented 300 new processors powered by volcanic geothermal energy.

Source

Coin | Trading | News Open / Comment

2024-05-15 21:28:56 Vanguard appoints Bitcoin-friendly former BlackRock ETF lead as CEO

Investment management firm Vanguard has confirmed the appointment of Bitcoin-friendly former BlackRock executive Salim Ramji as its new CEO and member of the board, effective July 8. Ramji, who has 25 years of experience in the industry, previously led BlackRock’s global exchange-traded fund business, overseeing the launch of its IBIT spot bitcoin ETF in the U.S However, he left the firm in January to “seek a new leadership or entrepreneurial opportunity outside the firm.”.

Source

Coin | Trading | News Open / Comment

2024-05-14 18:55:00 OKX officially launches crypto exchange in Australia

OKX has officially launched its spot and derivatives crypto trading platform in Australia, the company announced on Tuesday. OKX said in a statement that it will offer spot trading services to all Australian users, while derivatives trading will only be available for verified wholesale clients. Its users in Australia can also deposit and withdraw AUD through most Australian banks to gain access to a total of 85 crypto tokens, or 170 crypto spot pairs.

Source

Coin | Trading | News Open / Comment