United States Securities and Exchange Commission (SEC) Chair Gary Gensler may very well cost current President Joe Biden the White House in 2024 amid growing political tension with Republican frontrunner Donald Trump, Billionaire Mark Cuban alleged while speaking at Coinbase’s State of Crypto event on Thursday. Joe Biden’s Election Chances Fall On SEC Chair Gary...
Bitcoin exchange-traded funds (ETFs) listed in the United States experienced net outflows of over $226 million on Thursday, marking the third consecutive day of significant withdrawals. Preliminary data from SoSoValue reveals that Fidelity’s FBTC recorded the highest outflow, with $106 million withdrawn. Grayscale’s GBTC saw $62 million in outflows, while Ark Invest’s ARKB experienced $53...
Keith Gill, aka Roaring Kitty, has sparked a conspiracy theory as he increases his GameStop (GME) holdings to over 9M with 4M more shares. On June 13th Gill, known online as “Roaring Kitty” and “DeepFu**ingValue,” announced that he bought another 4 million shares of GME worth $262 million. This brings the trader’s total shares to...
Bitcoin development firm MicroStrategy announced on Friday that it has increased its recently announced convertible note offering by $200 million, bringing the total size of the sale to $700 million. MicroStrategy Raises Debt Offering For Bitcoin The company also revealed the pricing of its convertible bonds at 2.25% per year. This rate is above the...
The Bank for International Settlements (BIS) launched its Toronto Innovation Hub on June 13, partnering with the Bank of Canada. The hub is expected to spearhead financial initiatives in Canada and extend its influence across Latin America and the Caribbean. BIS Innovation Hub Will Explore Next-Generation Financial Market Infrastructures The BIS Innovation Hub in Toronto...
Bitcoin, the flagship cryptocurrency, has tumbled to its lowest level in 30 days, reaching $65,057 amidst a flurry of market uncertainties. This recent downturn has sparked debates about Bitcoin’s price prediction, with investors questioning whether this is a temporary setback or a sign of deeper trouble ahead. The confluence of factors contributing to this decline,...
Ripple Labs made a strong case in its lawsuit against the US Securities and Exchange Commission (SEC) on June 13. Citing the Terraform Labs settlement, Ripple argued that the penalty proposed by the regulatory body should be reduced to $10M. By drawing this parallel, Ripple seeks to reduce the SEC’s proposed penalty. Deep Insights into...
The Biden administration’s upcoming strategy meeting on Bitcoin, involving key figures like billionaire Mark Cuban, signals a potential shift in U.S. crypto policy. With Democratic Rep. Ro Khanna from Silicon Valley hosting this discussion, the focus will be on fostering Bitcoin and blockchain innovation in the U.S. This roundtable, set for early July, aims to...
Crypto: The Game made the 2024 Primetime Emmy Awards ballot for outstanding emerging media programs on June 14, according to the legendary award show’s nominations-round voting site. Crypto: The Game Makes History With Emmy Awards Nominee Ballot Should the “Survivor” style interactive game make the formal ballot when voting ends on June 24, it would...
Investment management firm VanEck is planning to list its first spot bitcoin exchange-traded fund (ETF) on the Australian Securities Exchange (ASX) on Thursday. This latest milestone will represent a significant step forward for both the Australian financial industry and the broader acceptance of digital currencies in mainstream investment portfolios. The ETF, introduced by VanEck, allows...