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Introduction Eleven spot bitcoin exchange-traded funds (ETFs) are edging closer to receiving approval from the U.S. Securities and Exchange Commission (SEC). The SEC has received proposed rule changes to list and trade all 11 spot bitcoin ETFs on stock exchanges. According to an ETF analyst, the approval process is almost complete, with the securities regulator […]

All eyes on the Federal Reserve This year, just like last year, market observers are eagerly awaiting decisions from the U.S. Federal Reserve regarding the federal funds rate. The focus is particularly on the potential rate cuts that may happen this year. According to Ellen Zentner, Morgan Stanley's lead economist in the U.S., rate reductions

Bitcoin, the leading cryptocurrency, broke through the $47K mark on Monday, driven by increased anticipation surrounding the potential launch of a U.S. spot bitcoin exchange-traded fund (ETF). Starting the day at $43,247 per unit, Bitcoin reached a peak of $47,281 by 2:10 p.m. Eastern Time (ET). Bitcoin Rally Crosses the $47K Milestone During Monday afternoon,

The Crypto App is a revolutionary all-in-one platform that caters to the needs of crypto traders and investors. With its comprehensive suite of tools and features, this powerful application enables users to gain a deeper understanding of crypto markets, implement data-driven trading strategies, and effectively manage risks. Whether you're a beginner or an experienced trader,

Introduction Koree, a fintech startup based in Cameroon, has recently secured $200,000 in pre-seed funding. The funding round was led by Tunde Akinnuwa, co-founder of Duplo, a Nigerian payments company. Koree plans to use the funds to launch a marketplace that rewards users for their purchases. Expanding Merchant Network and Customer Base Koree aims to

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

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

Introduction SEC Commissioner Caroline A. Crenshaw has expressed her dissent against the commission's approval of spot bitcoin ETFs, citing concerns over market manipulation, concentration of bitcoin ownership, and inadequate regulatory measures to protect investors. Crenshaw Critiques Spot Bitcoin ETF Approval Commissioner Caroline A. Crenshaw has released a letter voicing her dissent following the SEC's mass

Introduction In November 2023, six unique AI-driven chatbots were queried to forecast the value of bitcoin by year-end, with their projections spanning from $15,000 to $45,000 per bitcoin. As of the initial week of January 2024, bitcoin's trading value reached $47,000, coinciding with the approval of 11 spot bitcoin exchange-traded funds (ETFs) in the U.S.

Vanguard's Anti-Crypto/Bitcoin Policy Intensifies Investing giant Vanguard has reaffirmed its anti-crypto and anti-bitcoin stance by blocking investors from accessing spot bitcoin exchange-traded funds (ETFs) recently approved by the U.S. Securities and Exchange Commission (SEC). Furthermore, Vanguard has announced that it will no longer accept purchases of cryptocurrency products, including bitcoin futures ETFs. This decision has