news

Introduction The U.S. Securities and Exchange Commission (SEC) made headlines on Tuesday when its social media account, known as the X account, announced the approval of spot bitcoin exchange-traded funds (ETFs). However, SEC Chairman Gary Gensler quickly clarified that the post was unauthorized and that the account had been compromised. This unexpected turn of events […]

Introduction Bitcoin's value experienced a turbulent Tuesday, largely due to a rogue post from the U.S. Securities and Exchange Commission's hijacked X account, mistakenly proclaiming the green light for all spot bitcoin exchange-traded funds (ETFs). This erroneous message from the official Twitter of the U.S. Securities and Exchange Commission (SEC) sparked a rapid increase in

Cleva Founders 'Uniquely Qualified' Nigerian fintech startup Cleva has raised $1.5 million in a pre-seed funding round backed by the U.S. technology startup accelerator Y Combinator. The early-stage venture capital firm, 1984 Ventures, led the round with the participation of The Raba Partnership, Byld Ventures, Firstcheck Africa, and several angel investors. According to a recent

The Arizona State Senate is currently reviewing a proposal that encourages the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS) to explore the possibility of including Bitcoin ETFs in their investment portfolios. Bill Progression and Current Status The bill, which passed the Senate's Third Reading on February 22 with a

Ethiopia's Surplus Electricity and Bitcoin Mining Ethiopia is emerging as Africa's most promising bitcoin mining hub, poised to claim a significant share of the global hashrate as the hum of miners reverberates across the globe. Recent attention from a Bloomberg article and the announcement of a bitcoin mining investment by the Ethiopian Government signals a

Assistant Treasurer Questions ASIC's Failure to Issue Consumer Warning The Australian government's assistant treasurer, Stephen Jones, has expressed his concern over the failure of the country's securities regulator to issue a consumer warning about the collapsed crypto investment firm, Hyperverse. Jones plans to query the Australian Securities and Investments Commission (ASIC) about why it did

Introduction Veteran trader Peter Brandt has raised concerns about the current hype surrounding bitcoin exchange-traded funds (ETFs). According to Brandt, the growing interest from the general public may indicate that it is time for experienced traders to sell their holdings. He also sees the expected approval of spot bitcoin ETFs as a typical "buy the

The U.S. Securities and Exchange Commission (SEC) has made a historic move by approving 11 spot bitcoin exchange-traded funds (ETFs) to be listed and traded on major U.S. stock exchanges. This long-awaited decision comes after years of anticipation and regulatory hurdles. The approved spot bitcoin ETFs are expected to start trading on Thursday on NYSE

A Landmark Decision by the SEC In a significant turn of events, the U.S. Securities and Exchange Commission (SEC) has given its approval to 11 spot bitcoin exchange-traded funds (ETFs). This decision has been long-awaited by cryptocurrency enthusiasts, as it marks a milestone in the regulatory landscape for digital assets. However, despite this historic regulatory

Introduction Investing in gold has long been considered a stable asset that holds its value over time. However, the logistics and cost of storing physical gold can be a deterrent for some investors. In such cases, investing in paper gold can offer an attractive alternative. This article will explore what paper gold is, the different