The U.S. Securities and Exchange Commission on Wednesday approved rule changes to allow the creation of bitcoin exchange-traded funds in the U.S., a long-awaited move that will give regular investors access to the controversial and volatile cryptocurrency. The decision will likely lead to the conversion of the Grayscale Bitcoin Trust, which holds about $29 billion … Read more
In their letter, Vance and Tillis set a deadline of January 23 for the SEC to elucidate its plans to investigate what happened, among other things. In a statement, the SEC said it will “work with law enforcement and our partners across government to investigate the matter and determine appropriate next steps relating to both … Read more
Nurphoto | Nurphoto | Getty Images Bitcoin and other cryptocurrencies dawdled as investors awaited the official SEC approval on spot bitcoin ETFs, a day after the regulator’s X.com account posted a false announcement on the highly anticipated news. The price of bitcoin fell more than 3% Wednesday, extending losses from the previous day, to $45,228.19, … Read more
Representations of cryptocurrency Bitcoin are placed on a PC motherboard in this illustration taken June 16, 2023. Dado Ruvic | Reuters St. Moritz, SWITZERLAND — Top players in the crypto industry gathered at a lavish hotel in elegant Swiss ski town St. Moritz ahead of the Wednesday start of the Crypto Finance Conference. Many were … Read more
Crypto investors are waiting for the Securities and Exchange Commission to approve a raft of spot bitcoin applications, likely Wednesday With a spot bitcoin ETF now looking very real, attention is turning to the details of how it will trade, how much it will cost, how much of the runup in bitcoin is due to … Read more
Omar Marques | Lightrocket | Getty Images The U.S. Securities and Exchange Commission said Tuesday afternoon that an announcement about bitcoin exchange-traded funds on social media was incorrect. “The SEC’s @SECGov X/Twitter account has been compromised. The unauthorized tweet regarding bitcoin ETFs was not made by the SEC or its staff,” an SEC spokesperson told … Read more
Standard Chartered predicts that bitcoin could fall to $5,000 in 2023 as part of their research on potential market surprises next year. Nurphoto | Getty Images The price of bitcoin fell in late afternoon trading Tuesday following a false social media post from the X account of the Securities and Exchange Commission that stated the … Read more
Bitcoin rose to start the week as investors awaited the potential approval of a U.S. bitcoin ETF this week. On Monday the cryptocurrency rose 1.5% to $44,854.11, according to Coin Metrics, as BlackRock, Grayscale and other potential bitcoin ETF issuers submitted final updates to the Securities and Exchange Commission, including key fee disclosures that bolstered … Read more
LONDON, ENGLAND – NOVEMBER 09: In this photo illustration, a flipped version of the Coinbase logo is reflected in a mobile phone screen on November 09, 2021 in London, England. The cryptocurrency exchange platform is to release its quarterly earnings today. (Photo illustration by Leon Neal/Getty Images) Leon Neal | Getty Images News | Getty … Read more
Yuichiro Chino | Moment | Getty Images Bitcoin rose on Thursday, recovering some of its losses from the previous day, when the cryptocurrency sold off on concerns about the potential of a bitcoin ETF approval that many expect as soon as next week. The flagship cryptocurrency was last higher by about 3% at $43,870.01, according … Read more
