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Srinivasan Believes Bitcoin ETF Approval Reflects Major Financial Paradigm Shift The recent approval of U.S. spot bitcoin exchange-traded funds (ETFs) signifies a significant shift from a century-long dominance of centralized monetary systems to the emerging realm of decentralized finance, according to Balaji Srinivasan, a distinguished figure in technology and the crypto industry. Srinivasan compares this […]

The United States federal government has recently increased its Bitcoin holdings by transferring $922 million from wallets linked to Bitfinex hackers in a seizure. The Rise of the US Government as a Major Bitcoin Holder Through a series of seizures and asset forfeitures, the US federal government has amassed a significant amount of Bitcoin, solidifying

Generation Bitcoin recently announced the launch of the Bitcoin Students Network (BSN), a project aimed at uniting student groups globally in the Bitcoin space. This initiative, presented by Generation Bitcoin, serves as a comprehensive platform offering logistical, educational, and financial support to students interested in Bitcoin. Connecting Students Globally BSN's primary objective is to establish

Bitcoin Hits $49K Before Dropping, ETFs Record $2.3B in Trades At 11 a.m. Eastern Time (ET) on January 11, 2024, the newly launched spot bitcoin exchange-traded funds (ETFs) saw an impressive trading volume of $2.3 billion. However, later that afternoon, bitcoin's spot markets experienced a significant decline, with prices falling below $46,000 after briefly reaching

Spot Bitcoin ETFs Gear Up for Fierce Competition With Low Fees, Teaser Rates, and More Leading up to the SEC approval deadline, spot Bitcoin ETFs, including industry giants Blackrock and Fidelity, began disclosing competitive fee structures, signaling the intensifying race to attract investors. Blackrock's Competitive Fee Structure Blackrock, in its Jan. 8 S-1 filing, announced

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, cast the deciding vote approving 11 spot bitcoin exchange-traded funds (ETFs) in a landmark decision on Wednesday. Before the approvals, the securities regulator held a vote on spot bitcoin ETFs, with two commissioners favoring and two opposing. Gensler's vote tipped the scales in

On their highly anticipated first day of trading, U.S. spot bitcoin exchange-traded funds (ETFs) generated a massive trading frenzy, accumulating a total trading volume of $4.6 billion. This historic milestone in ETF history was led by Blackrock, the world's largest asset manager, which debuted with a staggering trading volume of over $1 billion for its

Introduction The recent approval of spot bitcoin ETFs by the United States Securities and Exchange Commission (SEC) has marked a significant milestone in cryptocurrency regulation. However, it is ethereum (ETH) that has caught the market's attention, as investors and analysts now shift their focus towards the potential approval of spot ether ETFs in the near

SEC Commissioner Caroline A. Crenshaw Raises Concerns About Investor Protection and Market Integrity SEC Commissioner Caroline A. Crenshaw has expressed her dissent against the commission's approval of spot bitcoin ETFs, citing the risks of market manipulation, concentration of bitcoin ownership, and inadequate regulatory measures to protect investor interests. Concerns about Global Spot Markets and Market

Better Markets Expresses Concern Better Markets, an American nonprofit organization dedicated to promoting public interest in financial markets and the economy, has expressed dismay at the recent approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The organization argues that instead of protecting crypto investors, the SEC has enabled