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Introduction Jim Cramer, host of CNBC's Mad Money show, has recently cautioned investors about investing in bitcoin and the newly launched spot bitcoin exchange-traded funds (ETFs). While he is not as vehemently opposed to these investment vehicles as SEC Chair Gary Gensler, Cramer emphasizes the need for thorough research before delving into the world of […]

Introduction Franklin Templeton, a leading investment management giant with $1.5 trillion in assets, is eyeing a broader expansion into the world of cryptocurrencies. The recent approval of 11 new spot bitcoin exchange-traded funds (ETFs) has paved the way for further filings in the industry. Sandy Kaul, the Head of Digital Assets at Franklin Templeton, believes

Bitcoin ETFs Outshine Silver, Secure Second Place in U.S. ETF Commodities Following a remarkable market debut, spot bitcoin exchange-traded funds (ETFs) have surpassed silver and become the second-largest commodity in the U.S. ETF market, second only to gold. This shift highlights the increasing mainstream interest in the digital asset. Bitcoin ETFs: A Growing Presence in

The Tokenized Asset Coalition (TAC), an organization dedicated to promoting the institutional adoption of tokenization practices for real-world assets on the blockchain, has released its State of Tokenization report. According to the report, 2023 witnessed the emergence of a tokenized risk curve, with tokenization being applied to various asset classes. The report further predicts that

RBI Governor's Crypto Warnings Shaktikanta Das, the governor of the Reserve Bank of India (RBI), expressed concerns about the risks associated with cryptocurrencies during the recent World Economic Forum in Davos. Das emphasized the potential impact on financial stability, currency stability, and the monetary system, particularly for emerging market economies. The Impact on Financial Stability

Introduction The European Union (EU) Council and Parliament have reached a provisional agreement to include crypto asset service providers (CASPs) in the list of obligated entities required to conduct due diligence on their customers. This move is aimed at preventing fraudsters, organized crime, and terrorists from legitimizing their proceeds through the financial system. Verification of

Grayscale's exchange-traded fund, GBTC, has reported a decrease in its bitcoin holdings. Prior to Wednesday's market opening, GBTC held 605,890.87 bitcoin. However, the latest update reveals a reduction of 13,793.09 bitcoin, equivalent to approximately $571 million. Major Outflows Impact Grayscale's GBTC Following our previous coverage of GBTC's reductions on Wednesday, the fund's assets have experienced

Economist Peter Schiff's Crypto Regulation Predictions Economist and gold bug Peter Schiff, known for his skepticism towards bitcoin, has made predictions regarding the introduction of new crypto regulations by U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler. Schiff believes that these regulations will have a significant impact on the price of bitcoin, causing a

Jamie Dimon's Advice on Bitcoin Jamie Dimon, the CEO of JPMorgan Chase, has recently shared his advice for investors when it comes to bitcoin. In an interview with CNBC, he advised individuals to stay away from the cryptocurrency. Although he acknowledged that it is a free country and he doesn't want to tell anyone what

Bitcoin Consolidates Above $42K Bitcoin has been holding steady above the $42K zone and over the past hour, the leading crypto asset has changed hands for $42,425 to $42,597 on Wednesday morning around 9:30 a.m. Eastern Time. The digital currency's market valuation on Jan. 17, 2024, is around $835 billion with $25.65 billion in global