Author name: Peter

SEC’s Unauthorized Spot Bitcoin ETF Announcement: A Social Media Blunder

Introduction The U.S. Securities and Exchange Commission (SEC) recently faced a major embarrassment when its official social media account, known as the X account, announced the approval of spot bitcoin exchange-traded funds (ETFs). However, within minutes, SEC Chairman Gary Gensler clarified that the account had been compromised, and the post was unauthorized. This incident has […]

SEC’s Unauthorized Spot Bitcoin ETF Announcement: A Social Media Blunder Read More »

False Spot ETF Approval Post Causes Chaos in Bitcoin Markets

Rogue SEC Tweet Sends Bitcoin Prices Soaring Bitcoin's value experienced a turbulent Tuesday, largely due to a rogue tweet from the U.S. Securities and Exchange Commission (SEC), mistakenly proclaiming the green light for all spot bitcoin exchange-traded funds (ETFs). This erroneous message from the official SEC Twitter account sparked a rapid increase in bitcoin's price,

False Spot ETF Approval Post Causes Chaos in Bitcoin Markets Read More »

Standard Chartered Predicts Bitcoin Price Could Reach $200,000 with ETF Approval

Standard Chartered's $200K Bitcoin Prediction Standard Chartered, a global financial institution, has made a bold prediction about the future price of bitcoin. According to the bank's analysts, if spot bitcoin exchange-traded funds (ETFs) are approved by the U.S. Securities and Exchange Commission (SEC), the price of bitcoin could skyrocket to $200,000 in the next year.

Standard Chartered Predicts Bitcoin Price Could Reach $200,000 with ETF Approval Read More »

SEC Chairman Gary Gensler Advises Caution for Crypto Investors

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has issued a warning to investors considering crypto investments. This comes in the wake of a series of cautionary statements made by Gensler the day before regarding the risks associated with crypto investing. The SEC is expected to approve multiple spot bitcoin exchange-traded funds (ETFs) on

SEC Chairman Gary Gensler Advises Caution for Crypto Investors Read More »

Nigerian Payments Fintech Startup Cleva Raises $1.5 Million in Pre-Seed Funding

Cleva Founders 'Uniquely Qualified' Nigerian fintech startup Cleva has secured $1.5 million in pre-seed funding, with support from the U.S. technology startup accelerator Y Combinator. The funding round was led by early-stage venture capital firm 1984 Ventures, along with participation from The Raba Partnership, Byld Ventures, Firstcheck Africa, and several angel investors. According to a

Nigerian Payments Fintech Startup Cleva Raises $1.5 Million in Pre-Seed Funding Read More »

Australian Government Official Questions Securities Regulator Over Failure to Warn Investors About Hyperverse Crypto Investment Scheme

ASIC Accused of Neglecting to Follow International Regulators A government official in Australia has raised concerns about the country's securities regulator, accusing it of failing to issue a consumer warning regarding the Hyperverse crypto investment scheme. Stephen Jones, the assistant treasurer in the Australian government, plans to question the Australian Securities and Investments Commission (ASIC)

Australian Government Official Questions Securities Regulator Over Failure to Warn Investors About Hyperverse Crypto Investment Scheme Read More »

The Rise of Bitcoin ETF Hype: Is it Time for Experienced Traders to Sell?

Brandt Questions Maximalists' Commitment to the Values of Bitcoin Veteran trader Peter Brandt believes that the expected approval of spot Bitcoin exchange-traded funds (ETF) may lead to a classic trading strategy known as "buy the rumor, sell the news." Brandt's observation is based on the enthusiasm of bitcoin maximalists who eagerly await the approval of

The Rise of Bitcoin ETF Hype: Is it Time for Experienced Traders to Sell? Read More »

SEC Approves 11 Spot Bitcoin ETFs for U.S. Stock Exchanges

In a groundbreaking move, the U.S. Securities and Exchange Commission (SEC) has given its approval for the listing and trading of 11 spot bitcoin exchange-traded funds (ETFs) on major U.S. stock exchanges. This long-awaited decision comes after years of anticipation and regulatory challenges. The approved spot bitcoin ETFs are set to begin trading on Thursday

SEC Approves 11 Spot Bitcoin ETFs for U.S. Stock Exchanges Read More »