South Korea’s stance on cryptocurrency ETFs remains unchanged despite the U.S. giving the green light to a Bitcoin spot ETF. The South Korean government continues to disallow the launch of cryptocurrency ETFs, adhering to its long-standing policy of not recognizing digital currencies as financial assets. Since 2017, financial institutions in the country have been barred from...
Bitfinity Network has raised $7 million from Polychain Capital and ParaFi Capital to establish off-chain infrastructure for Bitcoin and Ordinals. In a press release shared with crypto.news, Bitfinity said the proceeds will help it develop a Bitcoin sidechain on the Internet Computer blockchain called the Bitfinity Ethereum Virtual Machine (EVM). With the new solutions, blockchain developers...
Upland, a web3 strategy game with over three million accounts, distributed over $13.5 million to players’ PayPal accounts in December 2023. In a press release, Upland said this pointed to their commitment to empowering players with real-world value through virtual experiences. Players can earn revenue through gameplay, strategic investments, and creations within Upland. This can be converted...
According to a Jan. 11 report by CryptoQuant, an on-chain and market analytics tool, Coinbase’s Bitcoin OTC trading volume reached $7.7 billion today. On Jan. 10, an official SEC filing revealed that spot Bitcoin ETFs had received approval for listing on all registered national exchanges in the U.S., including the Nasdaq, NYSE, and CBOE. This approval...
Bitcoin made a 24-month high on day one of open trading for spot BTC ETFs less than 24 hours after the SEC issued approval. On Jan. 11, the price of Bitcoin (BTC) hit $49,000 for the first time since December 2021 as trading opened for spot BTC ETFs across major U.S. exchanges like the Nasdaq, NYSE,...
The US Securities and Exchange Commission (SEC) on Wednesday (Jan 10) approved exchange-traded funds (ETFs) that track the price of bitcoin in a game-changer for the cryptocurrency industry which has been trying for more than a decade to launch such a product. Multiple asset managers have applied for bitcoin ETFs since 2013, but the SEC rejected them on...
Bitcoin held steady on Thursday after regulators approved the first U.S.-listed exchange traded funds (ETFs) to track the world's largest cryptocurrency, seen as a landmark move that could broaden its appeal to investors. The Securities and Exchange Commission (SEC) said on Wednesday it approved 11 applications, including from BlackRock, Ark Investments/21Shares, Fidelity, Invesco and VanEck, with...
El Salvador has observed a significant uptick in the value of its Bitcoin holdings. For the past two years. El Salvador’s investments remained below their initial purchase value. However, the country now sees an increase in value, with unrealized gains amounting to approximately $12.6 million, according to data provided by Nayibtracker. This positive development in El Salvador’s Bitcoin investment saga was acknowledged...
Unknown hackers hijacked the X account of the United States Securities and Exchange Commission (SEC), posting a fake spot Bitcoin ETF approval message. On Jan. 9, the SEC chair Gary Gensler debunked an announcement claiming spot Bitcoin ETFs were approved. The SEC’s official X account published the notice. However, Gensler warned that the page had been...
XAI is today’s second most popular cryptocurrency in crypto discourse, following its listing on the world’s top crypto exchange, Binance. XAI — a blockchain gaming token — is second only to Bitcoin (BTC) regarding popularity in social media mentions. As of press time, Santiment data shows that of all those mentions, 53% show a positive sentiment, 31% a negative sentiment,...
