On January 31, 2023, the U.S. Federal Reserve announced its decision to maintain the federal funds rate at its current level. The Federal Open Market Committee (FOMC) emphasized that it will not consider reducing the target range until it has a higher level of confidence in achieving the 2% inflation target. While the stock market […]
Federal Reserve Keeps Rates Unchanged, Focusing on Inflation Confidence Read More »
The SEC's Decision to Abandon the Lawsuit The U.S. Securities and Exchange Commission (SEC) has made the decision to drop its lawsuit against Debt Box, a crypto startup that was previously accused of defrauding investors of millions of dollars. This move by the SEC comes after the agency admitted to providing misleading information in court,
SEC Drops Lawsuit Against Crypto Startup Debt Box Due to Inaccuracies in Court Read More »
Invesco and Galaxy ETF Fee Slashed in Response to Intense Market Competition In response to the intense competition in the spot bitcoin exchange-traded fund (ETF) market, Invesco and Galaxy Asset Management have made a strategic move to lower the long-term fee of their joint spot bitcoin ETF, the Invesco Galaxy Bitcoin ETF (BTCO). The aim
Invesco and Galaxy Slash Fees in Competitive Spot Bitcoin ETF Market Read More »
Investments That Generate Alpha: Boneparth's Perspective In a recent discussion, Douglas Boneparth, president and founder of Bona Fide Wealth, shed light on the emerging spot bitcoin exchange-traded funds (ETFs) and the categorization of bitcoin as an asset class. Engaging with Eric Balchunas, Bloomberg's senior ETF analyst, on the "Bloomberg ETF IQ" show, Boneparth compared bitcoin
On Jan. 29, 2024, ethereum's price dynamics display a nuanced interplay of market elements. The current price of ether stands at $2,247, with a 24-hour range fluctuating between $2,246 and $2,284. Despite its substantial market capitalization of $270 billion, ether trading volume remains modest, hinting at possible investor wariness. Ethereum's Volatile Hourly Chart The hourly
Ethereum Price Analysis: Bearish Signals and Potential Bullish Reversal Read More »
A Shift in Trading Volume BlackRock's spot Bitcoin ETF is currently surpassing the Grayscale Bitcoin Trust (GBTC) in terms of trading volume, according to Bloomberg ETF analyst James Seyffart. This marks the first time since its launch that BlackRock's ETF has outpaced GBTC in trading volume. Significance of the Shift This shift in trading volume
BlackRock’s Spot Bitcoin ETF Volume Surpasses GBTC, Indicating Market Shift Read More »
Introduction The Stellar Development Foundation (SDF) has announced a delay in the Protocol 20 upgrade of the Stellar blockchain network. Originally scheduled for January 30, the upgrade has been put on hold due to the discovery of a bug that could impact Soroban smart contract transactions. Discovery of the Bug The bug was identified on
Stellar Development Foundation Delays Protocol 20 Upgrade Due to Bug Read More »
A recent survey conducted by cryptocurrency exchange Binance has revealed that 73% of European respondents are optimistic about the future of crypto. The survey, which took place between October 14 and November 8, 2023, included 10,498 participants from France, Spain, Italy, and Sweden. It also found that 55% of European users exclusively use cryptocurrencies for
Introduction After a recent surge in spot bitcoin exchange-traded funds (ETFs) in the United States, discussions have arisen regarding the potential involvement of Charles Schwab, the American multinational financial services corporation. Eric Balchunas, Bloomberg's lead ETF analyst, suggests that Schwab should not be underestimated, as they have a history of making a significant impact when
Charles Schwab Rumored to Enter the Spot Bitcoin ETF Race Read More »
Background Research is Essential The Commodities Futures Trading Commission (CFTC) is cautioning investors to exercise caution when it comes to artificial intelligence (AI)-created algorithms that promise extraordinary returns on crypto asset investments. The CFTC advises investors to conduct thorough background research on the companies or individuals offering such AI-driven trading algorithms. Rising Concerns Over AI