Day: October 18, 2021

Ripple CEO Comments on Prospects of XRP ETF in U.S.

Ripple CEO Brad Garlinghouse lamented the U.S. Securities and Exchange Commission for picking winners and losers when asked about the prospects of an XRP exchange-traded fund launching in the U.S. by Fox Business’s Charles Gasparino during an Oct. 18 interview: Why is the SEC picking winners and losers? Garlinghouse went on to mention that Bitcoin

These Bitcoin Futures ETFs May Be Next to Launch

On Tuesday, the ProShares Bitcoin Strategy ETF will become the first exchange-traded fund backed by Bitcoin futures to begin trading in the U.S. Anticipation of the offering pushed the price of Bitcoin near record territory. And institutional investors, seeing the potential for higher demand of BTC, have flocked back to the asset. So, what’s next?

Interactive Brokers Group Expands Crypto Services to Include RIAs

Interactive Brokers Group announced today that it would launch cryptocurrency trading and custody services for U.S. Registered Investment Advisors. The move comes roughly one month after Interactive Brokers introduced crypto trading for clients. Interactive Brokers Group Introduces New Options for Investing in Crypto Global brokerage firm Interactive Brokers Group announced today that it would offer

Grayscale Confirms It Will Apply for Bitcoin ETF

Grayscale confirmed plans of an exchange-traded fund (ETF). Largest Bitcoin Fund Operator Plans ETF Grayscale Investments confirmed it was planning to file an application to convert its Bitcoin trust offering to a Bitcoin ETF product. A spokesperson for the company revealed that it decided to file for an ETF after the Securities and Exchange Commission

Bitcoin, Ethereum Could Dip on Traders Selling ETF News

Bitcoin and Ethereum appear to be trading in overbought territory as their funding rates have significantly grown over the past few days. The current market conditions point to a temporary correction in the near term before higher highs. Bitcoin Looks Set to Retrace Bitcoin and Ethereum could be set for a brief correction. Speculation is

Guggenheim's Scott Minerd Is Perplexed by Shiba Inu Boom

During a recent interview with CNBC’s Brian Sullivan, Guggenheim Partners CIO Scott Minerd spoke about missing out on the Shiba Inu rally. The executive of the $325 billion investment firm wishes he had invested a hundred thousand into SHIB: Back in February or March, if you’d invested a thousand dollars into Shiba Coin, you would

Bitcoin Futures Open Interest Hits Record High on CME

Just last week, industry analysts were noticing an uptick in institutional interest in Bitcoin. This week, after the approval of a Bitcoin futures ETF, Wall Street traders are really getting in on the action. Open interest in Bitcoin futures on the Chicago Mercantile Exchange (CME) now stands at $3.6 billion, higher than its previous record

Polygon Faces a Hurdle Before It Can Hit All-Time Highs

Polygon’s MATIC token appears to have the bullish momentum it needs to resume its uptrend. Still, it must record a decisive close above resistance to confirm the optimistic outlook. Polygon Tests Key Resistance Polygon could be ready for new highs, but it needs to break resistance first. The Ethereum scaling solution’s MATIC token opened Monday

Solana-Based Secretum to Challenge Telegram Supremacy with True Decentralization

Secretum, a peer-to-peer messaging system supercharged by Solana (SOL) blockchain, is ready to replace the major centralized heavyweights in this segment. Why do we need decentralized messengers? The Telegram messenger by the Durov brothers was promoted as the most secure instant messaging application of the segment. Besides pioneering end-to-end encryption practices, it has implemented a

Why a CryptoPunks Owner Turned Down $9.5M in Ethereum for His NFT

CryptoPunks is the most valuable NFT avatar collection, with a starting price of nearly $400,000 worth of ETH on the secondary market and dozens of sales over the $1 million mark to date. One owner could have cashed in big recently when a $9.5 million offer came in for his CryptoPunk—but he quickly declined. Richerd

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