The regulatory process is normally a dry affair: Corporate executives ask their lawyers to file paperwork and then sit around until an agency makes a decision. But in the case of pending applications for a Bitcoin ETF, crypto nerds are sharing any detail—real or imagined—with an obsession reminiscent of Swifties tracking the progress of the...
Former executives of Citigroup Inc. will offer Bitcoin (BTC)-backed securities. According to a Bloomberg report published on Jan. 4 former Citigroup executives will offer BTC-backed securities that they say do not need approval from US regulators. The brazen move will see the issuer startup what is known as a “Receipts Depositary Corporation, or RDC. The securities will be Bitcoin...
(Reuters) - Microsoft said it is adding a button to its Windows keyboard that would pull up the tech giant's Copilot service, in the first change for the device in nearly three decades. The "Copilot key", announced on Thursday, marks the latest effort by the company, which is investing billions in AI, to incorporate the technology...
(Reuters) - Fitness equipment maker Peloton Interactive will bring its workout content to short-form video platform TikTok in an exclusive partnership, the companies said on Thursday. The partnership comes as Peloton, shares of which extended gains to jump 9.5% in premarket trading, is pivoting from hardware and transforming into a software-focused company, leaning on its exclusive...
LONDON (Reuters) - Tottenham Hotspur striker Alejo Veliz is expected to be out for a couple of months with a knee injury, manager Ange Postecoglou said on Thursday as his team's growing injury list and one of 10 who will be missing from Friday's third-round FA Cup match. The 20-year-old Argentine was helped off the pitch...
(Reuters) - Perplexity AI has raised $73.6 million in its latest funding round from a group of investors including U.S. chip designer Nvidia and Amazon founder Jeff Bezos in a deal valuing the artificial intelligence startup at $520 million. The round was led by Institutional Venture Partners, the San Francisco, California-based company said on Thursday. Perplexity AI,...
Nigeria’s apex bank expanded on its decision to reverse a crypto ban on financial service providers, providing clear rules to oversee operations moving forward. The Central Bank of Nigeria (CBN) announced stringent rules for banks as the watchdog pivoted away from a blanket crypto ban toward regulation for virtual asset service providers, citing a need to...
A recent Security.org report indicates a 10% year-over-year increase in U.S. cryptocurrency ownership, with 46% optimistic about the potential positive impact of Bitcoin ETF approvals in 2024. Based on a survey of 1,500 Americans, 40% currently own cryptocurrency, and of those not yet involved in crypto, 15% expressed an intention to make a purchase in the...
Fidelity Investments has filed registration of securities with the SEC for its spot Bitcoin ETF. With over $4.5 trillion in assets, the firm has filed Form 8-A with the U.S. Securities and Exchange Commission (SEC) to register its Fidelity Wise Origin Bitcoin Fund. This filing indicates a move to make the fund a publicly traded security, a milestone...
Memecoins took the hardest hit in today’s market selloff, losing almost double the market cap of the average market. Earlier today reports from Matrixport regarding the SEC’s potential rejection of Bitcoin ETF applications triggered a significant liquidation across the market. Within four hours, the market lost over $540 million, with Bitcoin and Ethereum dipping nearly 10%. However, it appears...
