The time has finally come — the U.S. Securities and Exchange Commission (SEC) has finally approved the first Bitcoin ETF — albeit for futures and not a spot traded fund. Some say this is good news, especially from a mainstream acceptance perspective. But others disagree, specifying a shift of power to Wall Street and the…
As per Bloomberg analyst reports, the recent changes administered in the Futures ETF prospectus by leading alternate asset management firm Valkyrie suggest that Bitcoin ETF approval is imminent in near future. A Bitcoin Futures ETF is a prominent regulated financial product that allows investors and proponents to invest in the BTC market indirectly. In simpler…
Bitcoin temporarily broke the $60,000 level this morning amid reports of a Bitcoin exchange-traded fund (ETF) nearing approval in the US. The asset since fell to $59,500 at press time as traders took profits from the $1,500 move. Over $69 million worth of Bitcoin trades were liquidated as a result, data from analytics app Bybt…
Polkadot’s much-awaited parachains are set to go live on the network later this year, its developers said in a post on Wednesday. The community can expect ‘Auctions’ from the proposed date of November 11 onwards. What are parachains on Polkadot? Parachains are custom, project-specific blockchains that are integrated within the Polkadot (DOT) and Kusama (KSM)…
Hoping to replicate the success of NFT collections such as CryptoPunks and Bored Apes, Shiba Inu is set to launch Shiboshis. Source: shytoshikusama.medium.com The initial Shiboshis drop will be available only on Shiba Swap. But no firm release date has been confirmed as of yet. In a post dated October 5, Project Lead Shytoshi Kusama…
As of October 12th, Bitcoin’s price seems to be climbing to new highs despite a slight drop caused by El Salvador’s announcement to become the world’s first nation to accept the coin as legal tender earlier last month. The optimism generated by El Salvador’s news was so high that a Reddit movement was started encouraging the…
‘Clean’ Bitcoin (BTC) mining is coming via this Ohio nuclear plant With China’s current negative stance towards Bitcoin mining plus Elon Musk’s Tesla insistence that they would only accept the digital asset as a payment method only if the mining process of the coin becomes more environmentally friendly, many crypto miners have been left to…
Shiba Inu continues to buck this week’s alt market downtrend, further suggesting meme coin investors have switched their focus away from Dogecoin. Since the start of October, when SHIB began taking off, the Dogecoin clone has posted 280% gains. Its unreal run of form, combined with meme coin status, has led some purists, including Ran…
Bitcoin’s (BTC) recent constructive price action reflects upward trends in accumulation and HODLing behavior, as well as elevated on-chain activity and increased network utilization, Glassnode’s report for the first week of October revealed. However, in sync with the positive price action, derivatives markets recorded an influx of open interest, futures premiums, and positive funding rates,…
There is a very well-known saying made famous during the California gold rush: “During a gold rush, promote shovels.” This phrase indicated that there are more innovative methods to capitalize on a rising enterprise without immediately competing with the alternative gold miners. Since the crypto bull market in 2017, many innovators in the crypto industry…