The timeline for the anticipated ruling could potentially be delivered by the end of Q2 2024
The SEC emphasized the need for an extended evaluation period to make an informed decision regarding approval, disapproval, or the initiation of further proceedings.
Many are now closely monitoring developments in the cryptocurrency industry to see if a spot Ethereum ETF could be the next milestone in the regulatory landscape.
The introduction of spot Bitcoin ETFs marks a significant milestone, yet many questions and challenges lie ahead for the cryptocurrency ecosystem.
A comprehensive study conducted by Coinwire unveiled that Shiba Inu is one of the standout cryptocurrencies that garnered substantial positive discussions across various social media platforms throughout the year 2023.
The altcoin landscape is currently grappling with a sea of red, as most charts are dominated by bearish sentiment.
Solana has demonstrated remarkable resilience in the face of potential market turbulence stemming from holdings associated with the FTX bankruptcy estate.
When BlackRock CEO Larry Fink was asked about the possibility of an XRP ETF, he said, "I can't answer that."
BlackRock's IBIT made a rare feat in the history of exchange-traded funds when it reached more than $1 billion in inflows within its first four days of trading.
The wallet address associated with Tether occupies the 11th position within the esteemed Top 100 Bitcoin Holders list, laying claim to an impressive 0.3% stake in the prevailing circulating supply of the world's largest cryptocurrency by market capitalization.
Is Franklin Templeton hinting at the possibility of filing for a Solana or Ether ETF?
"Tonight, I am also making another promise to protect Americans from government tyranny," Trump said.
While Dimon acknowledged that "blockchain is real" and that "it is a technology" and confirmed that "There's a cryptocurrency which might actually do something," he referred to Bitcoin as the cryptocurrency "which does nothing."
The SEC's lawsuit against Coinbase revolves around the allegation that the exchange had circumvented regulatory rules for an extended period.
All other spot Bitcoin ETFs have seen about $1.9 billion in net inflows, excluding GBTC.
ARK Invest executed a strategic reallocation of its assets on Tuesday, divesting some of its holdings in ProShares Bitcoin Strategy ETF (BITO).
Earlier this week, the SEC agreed to postpone the civil litigation involving Kwon, which is strategically aimed at facilitating Kwon's extradition, thereby ensuring his presence during the trial.
Despite not significantly impacting Bitcoin's price, the robust trading activity and substantial net inflows indicate a successful introduction and a positive market reception for Bitcoin ETFs.
FTX did not specify the exact sum allegedly misappropriated by Bankman and Fried but detailed certain expenditures: Bankman's annual remuneration of $200,000 as a senior adviser to the FTX foundation, over $18 million allocated for Bahamian real estate, and $5.5 million in contributions made by the FTX Group to Stanford University.
The stablecoin issuer has endured prolonged scrutiny regarding its backing of USDT, a stablecoin that currently boasts an extensive market capitalization exceeding $95 billion, firmly establishing it as the predominant stablecoin in global circulation.
If this trading volume continues, it's just a matter of time before BlackRock's IBIT snatches the "Liquidity King" title from Grayscale's GBTC.
Garlinghouse said that the swift rise in Ethereum's value after the authorization of spot Bitcoin ETFs is a clear indicator of the market's strong interest in a more diverse range of ETF products.
The UN report claimed that USDT is being used by clandestine financial networks and money laundering infrastructure in East and Southeast Asia.
Do Kwon could be in the U.S. by mid-March to attend the trial in the $40 billion crypto fraud case.
Aside from his indictments, Mashinsky is allegedly losing the Yankwitt LLP law firm in his defense team after it reportedly applied to withdraw its representation because of the crypto executive's alleged "deliberate disregard" to pay.
Blockchain technology enables the digitization or tokenization of conventional assets onto a publicly accessible ledger
According to a research analyst, "The price action of BTC, coupled with volume data and the performance of certain altcoins, demonstrates the adherence to the typical 'buy the rumor, sell the news' pattern associated with major market events."
A parliament of Senators immediately demanded an answer from the SEC following the security incident that led to false yet market-moving information.
While opinions vary on the impact of Bitcoin ETFs on MicroStrategy's investment approach, Saylor views their approval as a major financial development, potentially the most significant one on Wall Street in the last 30 years.
Musk, who christened himself as DogeFather, shared during a recent X Spaces event that he still owns DOGE while another one of his companies still has "a bunch" of Bitcoin on its portfolio.