Bitcoin Financial News

The price of Bitcoin has experienced a bullish turnaround, propelled by a substantial trading volume of $20 billion, which has pushed BTC above the $30,000 mark. 

Bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC) has been widely debated and speculated. Despite past rejections, experts such as Elliot Johnson, COO and CIO of Evolve ETF and a pioneer of Bitcoin ETFs in Canada, believe that the BlackRock ETF stands a higher chance of receiving approval from the SEC.

Cboe on Friday refiled an application with the U.S. securities regulator to launch a bitcoin exchange-traded fund by asset manager Fidelity, saying it would work with global crypto exchange Coinbase to prevent any market manipulation in the process. The refreshed filing aims to address concerns raised by the U.S. Securities and Exchange Commission (SEC), which told Cboe that its recent filing to list and trade a spot bitcoin ETF from Fidelity was unclear and incomplete, according to a person familiar with the matter. The SEC raised the same concerns with Nasdaq over a recent filing for a spot bitcoin ETF from BlackRock, the person said. A key issue was that the exchanges did not name the crypto-trading platforms with which it planned to enter into surveillance-sharing agreements to help detect fraud in the underlying bitcoin markets, the person said. Cboe also refiled listing applications with the SEC on Friday for bitcoin ETFs by WisdomTree, VanEck, and a joint effort from Invesco and Galaxy. It said in all of the filings it plans to enter into a surveillance-sharing agreement with Coinbase.

A Redditor and member of the r/CryptoCurrency community is claiming to be up 25% or $19,500, after taking out three personal loans worth a combined $59,000 to buy Bitcoin (BTC) over the past 18 months.

Tether, the firm behind the USDT coin, says it has struck a partnership deal with government of Georgia.

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Cryptocurrency markets are mixed on Friday.

There is no doubt that BlackRock’s spot Bitcoin exchange-traded fund (ETF) application — and the flood of contenders that followed — has buoyed the bulls. It could signal the winds of change in the regulatory sphere, they say. It could bring Bitcoin exposure to the masses, they holler. 

With crypto gas prices dropping to lows after numerous recent innovations in scaling and interoperability across different chains, we can more vividly imagine a possible shift toward widespread crypto payments.

Cryptocurrencies must reach mass adoption to unlock their maximum potential as a network technology and their value as financial assets. 

The American people want access to more safe and regulated crypto-based investment products, and the market is now responding to this, Coinbase’s chief legal officer Paul Grewal has stated.

There's a new and better SafeMoon in town  – SafeMoon 3.0 ($SFM) – and its price is predicted to explode higher as the version meta trend gathers pace.

Bitcoin saw a spike in trading volumes on Friday, which have exceeded $25 billion in the past 24 hours as per CoinGecko.

Check out the companies making headlines in midday trading Friday.

There may be a longer wait for a spot Bitcoin exchange-traded fund (ETF) in the United States as the Securities and Exchange Commission (SEC) labeled investment managers' recent applications inadequate.

Bitcoin (BTC) fell below $30,000 after the June 30 Wall Street open as markets panicked over the fate of its first spot exchange-traded funds (ETFs).

Maintaining stability in the international financial system is essential for sustaining economic growth in a connected global economy. In this context, the International Monetary Fund (IMF) is essential for fostering international monetary cooperation, maintaining exchange rate stability and managing financial crises. This article provides an overview of the IMF and its objectives, governance structure and key functions.

Riot Platforms, Inc. (NASDAQ: RIOT), a prominent player in the Bitcoin mining and data center hosting industry, has made a groundbreaking move by entering into a long-term purchase agreement with MicroBT Electronics Technology Co., LTD. This landmark deal involves the acquisition of 33,280 state-of-the-art Bitcoin miners manufactured in the United States by MicroBT. The agreement also includes an option for Riot to purchase an additional 66,560 miners on the same terms.

The US Securities and Exchange Commission (SEC) has raised concerns about recent applications for spot bitcoin exchange-traded funds (ETFs). 

 

To date, the regulator has yet to approve a spot ETF linked to a cryptocurrency. This is in keeping with its cautious approach to the crypto market. In fact, last week the SEC sued two crypto exchanges, Coinbase and Binance, on the basis that they have failed to register as a securities trading venue.