Hong Kong is set to host Asia’s first exchange-traded fund (ETF) that will allow investors to bet against Bitcoin. CSOP Asset Management is launching the region’s new cryptocurrency-linked inverse ETF, Bloomberg and other media outlets reported on Monday. The new product is scheduled to begin trading on the Hong Kong Stock Exchange (HKEX) tomorrow, July […]
SEC Publishes Final Instructions for Launching Ether ETFs
The US Securities and Exchange Commission (SEC) has issued final instructions to asset managers preparing to launch ether exchange-traded funds (ETFs). According to Bloomberg analyst Eric Balchunas, the Commission ordered issuers to file their final S-1 forms by July 16, with the aim of launching the new funds on July 23. The final forms were […]
Bitcoin ETFs experience the biggest inflows in a month in the midst of a positive streak
US spot Bitcoin exchange-traded funds (ETFs) are showing signs of recovery despite ongoing price turmoil in the cryptocurrency market. The 11 ETFs with direct exposure to Bitcoin in the United States experienced their third straight session of daily net equity inflows of about USD 216 million on Tuesday, after seeing the largest inflow in a […]
Trump and GOP to Curb Cryptocurrency Restrictions
While not listed as a top priority, the Republican National Committee adopted a platform that aims to support digital innovation. Former President Donald Trump’s Republican Party has officially taken on a platform that will support innovation in cryptocurrencies, according to a document released Monday by the Republican National Committee. The platform lays out the party’s priorities as presumptive presidential […]
This week is pivotal for the cryptocurrency market: Why?
The cryptocurrency market may finally experience a shakeout following the upcoming release of CPI and PPI data later this week. Chairman Powell will also deliver his semi-annual monetary policy testimony to the HFSC. With a potential 25 basis point rate cut ahead, circumstances could change very quickly. A more forceful stance on interest rates by […]
Bitcoin Price Today: Drops to $60,000 on Fears of Mt Gox Dumping
The price of bitcoin fell on Wednesday, adding to losses seen earlier in the week as traders continued their aversion to the token on concerns that the defunct Mt Gox exchange will generate a massive sell-off in the token. Sentiment towards the broader cryptocurrency markets continues to be gloomy amid an uncertain outlook for U.S. […]
SEC postpones Ethereum ETF launches to July
The launch of Ethereum (ETH) exchange-traded funds (ETFs) in the United States, originally scheduled for July 2, has been delayed by the U.S. Securities and Exchange Commission (SEC). According to Bloomberg ETF analysts Eric Balchunas and James Seyffart, the SEC has given itself more time to return S-1 forms filed by Ether ETF issuers, postponing […]
Ethereum Foundation warns of phishing campaign following mailing list leak
The Ethereum Foundation, the entity in charge of providing technological and community support to the Ethereum network, reported that the mailing list held by the entity has been leaked, so they are alerting the community about possible phishing campaigns in progress. Ethereum Foundation mailing list leaked The information was confirmed by Tim Beiko, developer and […]
USDT stablecoin creator Tether withdraws support for EOS and Algorand
Tether, the creator of the USDT stablecoin, has announced the withdrawal of its support for the EOS and Algorand blockchains. The decision, communicated through an official statement and social media, means that as of today it stops minting USDT on both blockchains. Tether’s move to withdraw its support for EOS and Algorand has elicited a […]
Bitcoin price today: trading close to decisive levels around $65k
The Bitcoin price lost ground slightly on Wednesday, continuing recent weakness amid fears over the health of the economy around the world. Bitcoin price trades at decisive levels The possibility of rising borrowing costs in the U.S. have halted enthusiasm for the cryptocurrency market, where bitcoin is the world’s largest capitalized cryptocurrency. The Federal Reserve […]