DeFi & Ethereum News

2024-02-01 11:05:18 BlackRock wants to project Bitcoin ETF ads onto former banks, filing says

BlackRock proposed a campaign to project spot Bitcoin ETF advertisements onto the sides of buildings in a Jan. 31 SEC filing. Each image otherwise shows a timeline of events leading up to the launch of BlackRock’s spot Bitcoin ETF this January. Certain images describe the launch of the first stock market in the U.S. in 1790, the first U.S. ETF in 1993, the launch of Bitcoin in 2009, and the first Bitcoin futures contract in 2017.

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2024-01-31 21:05:00 Global X Pulls Out of Spot Bitcoin ETF Application

Global X, one of the former contenders for a spot bitcoin exchange-traded fund (ETF), has withdrawn its application, according to a Jan 30 notice from Cboe BZX Exchange, which could have listed the fund. The filing shows that Cboe BZX Exchange is withdrawing its proposed rule change to list and trade shares of what would’ve been Global X’s spot bitcoin ETF.

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2024-01-31 10:14:59 Terraform Labs says bankruptcy helps afford appeal against SEC’s fraud lawsuit

Terraform Labs’ Chapter 11 bankruptcy protection would allow the company to pursue an appeal against the U.S. Securities and Exchange Commission’s securities fraud lawsuit, the company said in a Tuesday filing. The company filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware on Jan. 21, with estimated assets and liabilities between $100 million and $500 million.

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2024-01-30 20:55:01 Visa Partners With Transak Enabling Instant Crypto-To-Fiat Conversions

Transak – a leading infrastructure provider for crypto-to-fiat conversions – has partnered with global payments giant Visa to make moving between both fields of currency as efficient as possible. Visa Direct lets members send real-time push payments to over one billion Visa card accounts within 30 minutes or less. That’s a step up from traditional banking rails, where transferring and converting funds can take days – especially when done across borders.

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2024-01-30 11:10:00 9 Newly Launched Spot Bitcoin ETFs Accumulate BTC Holdings Worth Nearly $6 Billion

Current data reveals that Blackrock’s IBIT spot bitcoin exchange-traded fund (ETF) currently possesses 52,025.76 bitcoin, with a total value of $2.18 billion. Furthermore, Fidelity’s FBTC has increased its bitcoin holdings, now standing at 46,238.09 bitcoin as of Jan. 29, 2024.

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2024-01-29 20:35:31 Bitcoin Technical Analysis: Bearish Signals and Bullish Hints Amidst Market Turbulence

Bitcoin, the leading digital currency by market cap, showcased nuanced market dynamics on Jan. 29, 2024. Bitcoin’s value fluctuated within a narrow band, ranging from approximately $41,950 to $42,069 within the last hour. Indicators such as oscillators and moving averages reveal a diverse perspective, indicating a multifaceted interaction of market factors. As the price fell beneath the $42,000 threshold, it appears that bearish forces have momentarily gained the upper hand.

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2024-01-29 10:35:17 Vanguard Says No to Bitcoin ETFs — Views Crypto as 'Immature Asset Class' With 'No Inherent Economic Value'

Financial giant Vanguard has explained why the firm does not make spot bitcoin exchange-traded funds (ETFs) available on its trading platform. A Vanguard executive stressed that cryptocurrency is “an immature asset class that has little history, no inherent economic value, no cash flow, and can create havoc within a portfolio.”.

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2024-01-28 22:15:32 Google to tweak crypto ad policy, amplify Bitcoin ETF visibility

Google, a subsidiary of tech conglomerate Alphabet, is on the verge of a significant policy update set to take effect on Jan. 29, which could alter the landscape of cryptocurrency advertising. Now that the U.S. Securities and Exchange Commission’s (SEC) approved 11 spot Bitcoin (BTC) ETFs on Jan. 10, Google is expected to amend its rules and enable asset managers to advertise these products to a broader U.S. audience.

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2024-01-28 09:50:13 Criminal charges against ex-Celsius CEO must stick, prosecutors say

U.S. prosecutors have pushed back against former Celsius CEO Alex Mashinsky’s motion to dismiss two criminal charges brought against him. Prosecutors argued that the charges, which include commodities fraud and market manipulation, show Mashinsky’s intention to mislead investors about his crypto platform’s profitability and business practices and manipulate the market for Celsius’ proprietary CEL token.

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2024-01-27 23:05:34 CFTC Chair calls for comprehensive regulation for digital assets following ETF approvals

In a detailed speech delivered in Naples on Jan. 26, CFTC Chair Rostin Behnam said regulators need to ramp up their efforts to supervise the budding cryptocurrency industry following the approval of Bitcoin ETFs, which does not imply the sector is regulated. Benham expressed significant concerns regarding the current state of cryptocurrency and digital asset regulation.

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