Bitcoin Financial News

ETFs reaches a fever pitch, a group of former Citigroup executives is starting to offer securities backed by the oldest cryptocurrency that they say don't need the blessing of US regulators. The new offering, called Bitcoin depositary receipts, will be similar to American depositary receipts that represent foreign stocks. The startup, called Receipts Depositary Corporation, or RDC, said it plans to issue the first Bitcoin depositary receipts to qualified global institutional investors in transactions exempt from registration under the Securities Act of 1933. Known as BTC DRs, the offering will give institutions access to Bitcoin securities through US regulated market infrastructure and cleared through the Depository Trust Co., said a company release. «We are really a conversion tool for asset owners today, whether they are hedge funds, family offices, corporations, large institutional investors, that want to take their Bitcoin and convert it into a DTC-eligible security and enjoy direct ownership in the US clearances,» Ankit Mehta, the co-founder and chief executive of RDC and a former executive at Citigroup, said in an interview. He and his co-founders Bryant Kim and Ishaan Narain worked for Citi's depositary-receipt team prior to starting RDC.

Bitcoin (BTC) jumps to $45,000 as investors anticipate the approval of Bitcoin ETF in the United States. Meanwhile, one of the new Defi projects, Borroe Finance ($ROE) is changing the world of Web3 business funding and EOS garners attention. 

An unidentified  Bitcoin (BTC)  user has invested approximately $64,000 in fees to inscribe nearly 9 megabytes of raw binary data on the Bitcoin blockchain. 

A recent revelation suggests that Bitcoin Cash (BCH) has reached double its price in Grayscale Bitcoin Cash Trust. On the other hand, Ethereum Classic (ETC) has taken a significant step to make its website accessible to more users. Meanwhile, the investor spotlight has turned to Rebel Satoshi (RBLZ) amid predictions of a whopping 150% price growth.

Ben Zhou, the co-founder and CEO of Bybit has expressed optimism over the approval of spot Bitcoin ETF but he also believes that this is not a “make or break” scenario for the leading cryptocurrency.

Bitcoin in the US. Would-be Bitcoin ETF issuers have been given until Monday morning in Washington to submit any last-minute revisions to their pending applications, Bloomberg News has reported. The US Securities and Exchange Commission itself has until Jan. 10 to take action on at least one of those applications, and crypto insiders have speculated the regulator will use that date to announce a slew of decisions at once. There are two technical requirements that must be fulfilled before a spot-backed Bitcoin ETF can start trading. First, the SEC must sign off on so-called 19b-4 filings by the exchanges that would list the ETFs. Second, the regulator must approve the relevant S-1 forms, which are the registration applications from the would-be issuers — a list that includes BlackRock and Fidelity. The SEC is planning to vote on the exchanges’ filings, the 19b-4s, in the coming days, Bloomberg News has reported. The regulator may or may not then take action on the issuers’ applications, the S-1s, around the same time. If the SEC grants both sets of required approvals, the ETFs could start trading as soon as the next business day.

An unidentified Bitcoin (BTC) user has sent 26.9 BTC, equivalent to $1.17 million, to the genesis wallet, the first-ever wallet created on the Bitcoin network by Satoshi Nakamoto.

Investing.com — U.S. inflation data will be the main focus this week as investors await further clarity on the future path of Federal Reserve interest rates. Big U.S. banks kick off earnings session, crypto looks set to remain volatile and the U.K. is to release GDP data. Here’s what you need to know to start your week.

As the cryptocurrency market buzzes with anticipation, Bitcoin is poised at a crucial juncture, trading at $44,013 with a modest increase of 0.63% on Sunday. In the backdrop of this upward trend, the potential approval of multiple Bitcoin Exchange-Traded Funds (ETFs) is generating excitement. Industry giants BlackRock and Grayscale are gearing up to make significant inroads into the Bitcoin ETF space.

Grayscale Investments has amended its S-3 filing with the U.S. Securities and Exchange Commission (SEC). This move is aimed at transitioning the Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin Exchange-Traded Fund (ETF). Notably, the amendment follows the resignation of Barry Silbert as the chairman of Grayscale, marking a new chapter in the company's direction​​​​.

As the deadline for the Securities and Exchange Commission (SEC) to make a decision on the applications for Bitcoin exchange-traded funds (ETFs) draws near on January 10, 2024, the cryptocurrency and financial worlds are seeing a moment that has the potential to be historic. There has been a great deal of conjecture and debate among investors, legal experts, and industry watchers as a result of this decision, which is very important for the future of cryptocurrency trading in mainstream markets.

The long-awaited approval for a spot Bitcoin exchange-traded fund (ETF) may finally come this Wednesday.

Tennessee Attorney General Jonathan Skrmetti details his lawsuit against Blackrock on ‘Varney & Co.’

In the ever-intersecting worlds of sports and finance, Bitcoin (BTC) just made a major touchdown in the NFL, signaling a new era for cryptocurrency in mainstream sports. Meanwhile, in the crypto market, Solana (SOL) and Borroe Finance ($ROE) are displaying impressive strength in their uptrend, solidifying their status as top cryptos to buy. Let’s dive into these exciting developments and see why they’re making headlines.

Some creditors of the Mt. Gox crypto exchange have reportedly received double payments during the ongoing settlement process. This development adds another twist to the saga of Mt. Gox, a once-dominant Bitcoin exchange that collapsed in 2014.

In the fast-paced and ever-evolving world of cryptocurrency, Bitcoin is making headlines with its current trading value at $43,940, marking nearly 0.50% increase on Saturday. The cryptocurrency community is abuzz with anticipation as multiple deadlines for US spot bitcoin ETF approvals draw near. This crucial period could signal a transformative moment for Bitcoin, with potential approvals possibly triggering a dramatic surge in its value.

Solana (SOL/USD) has experienced a challenging start to 2024, with its price dipping below $95 despite a generally optimistic trend in the broader cryptocurrency market. Notably diverging from the upliftment seen in other cryptocurrencies spurred by the anticipation of Bitcoin exchange-traded funds (ETFs), Solana’s native coin has faced a downturn. Renowned for its support of smart contracts and facilitating the creation of decentralized applications (dApps), the Solana blockchain’s prowess hasn’t shielded its coin from recent market volatility.

The cryptocurrency market, known for its volatility and unpredictability, has always been a subject of fascination for investors and enthusiasts alike. Speculations about the next bull run have been circulating for some time now, and it appears that the much-anticipated surge is finally upon us.In this article, we will explore three compelling reasons that suggest the next bull run is here, with Solana (SOL) and Retik Finance (RETIK) positioned as frontrunners in this exhilarating journey.

This is your weekly digest of top crypto news from Cryptonews.com, followed by a collection of 20 hand-picked crypto jokes.

stock exchanges and the U.S. Securities and Exchange Commission on Friday discussed final wording changes on filings for spot bitcoin ETFs, a step that could lead to U.S. approval of the funds for the first time next week, sources familiar with the matter said. Issuers held discussions with SEC officials about the S-1 prospectus documents that every exchange-traded fund (ETF) must submit for approval, according to executives and representatives of five firms who declined to be identified due to the confidentiality of the ongoing talks. Multiple issuers said Friday they expect to receive final approval of S-1 filings by late Tuesday or Wednesday. The SEC sought what three issuers described as «minor» changes. Some asset managers are expected to amend their filings to disclose fees or identities of the market-makers for their ETFs. Those updates are due by 8 a.m. ET (1300 GMT) on Monday and could become public that day, sources familiar with the process said.

Successive branches of Bitcoin have emerged that all claim to improve Satohsi’s original vision in one way or another. Generally, these branches, namely Bitcoin SV and Bitcoin Cash,  offer the same features as BTC but with larger block sizes and faster transaction speeds. They do not innovate beyond what the cryptocurrency space already offers on other blockchains. As a result, their values pale in comparison to BTC.