Cryptocurrency

Invesco abandons its BTC Futures ETF, plans for spot BTC ETF

The company’s futures-backed Bitcoin ETF was largely tipped to get SEC approval following a nod for the ProShares product Invesco, a major investment management company with a presence in 20 countries, has chosen to halt its interest in launching a Bitcoin futures exchange-traded fund (ETF). According to a Bloomberg report, Invesco is no longer pursuing approval for its ETF from the …

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Iran to Pilot ‘National Cryptocurrency,’ Amend Central Bank Law

The central bank of Iran is gearing up to begin the pilot phase of its digital currency project in the near future, its new head announced to representatives of local media. The monetary authority is also preparing to move forward with a plan to reform the legislation that governs its own activities. Iran Preps Pilot for Sovereign Digital Currency The …

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Grayscale Files To Convert $38 Billion Bitcoin Trust To Spot ETF

Grayscale Investments announced today that the NYSE Arca has filed to convert the firm’s flagship product, the Grayscale Bitcoin Trust (GBTC) into a Bitcoin Spot ETF. Grayscale Investments, the world’s largest crypto currency asset manager announced today that the NYSE Arca has filed to convert the firm’s flagship product, the Grayscale Bitcoin Trust (GBTC) into a Bitcoin Spot ETF. The …

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Binance 17th Burn Sees ~$640 Million Worth Of Crypto Taken Out Of Circulation

Binance has successfully carried out another quarterly scheduled burn. This marks the 17th routine burn that the cryptocurrency exchange has carried out since it had launched its native token back in 2017. Binance has not missed a single scheduled burn since that time and will continue to carry out these burns every quarter. Binance burns 20% of its quarterly earnings, …

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UK authorities report crypto-related fraud is on the rise

The sum of money lost in reported incidents of crypto fraud so far has increased by 30% compared to last year’s figures The first nine months have seen a surge in crypto fraud incidents in the UK according to a Bloomberg report. More than £146 million ($201 million) was lost to crypto fraud between January and October with the majority of …

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As DOGE, SHIB Markets Fall Back, Baby Doge Coin and Dogelon Mars Prices Skyrocket

Following shiba inu’s 260% gains during the last 30 days, the third-largest meme-based crypto asset in terms of market capitalization, baby doge coin (BABYDOGE), has taken the lead in terms of market performance. Another meme asset, dogelon mars (ELON) has soared 286% this past week. Moreover, during the last seven days, baby doge coin’s price spiked 40% in value and …

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Surveillance Firm Chainalysis Adds Bitcoin To Balance Sheet

The surveillance firm that works against the Bitcoin ethos purchased an undisclosed amount of bitcoin through NYDIG. Blockchain tracing platform Chainalysis announced today the execution of a bitcoin purchase through NYDIG for the firm’s balance sheet, marking an advancement of a long-standing partnership between the two companies. Despite the bullish purchase, Chainalysis is still a surveillance company acting in self-interests …

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Buyer Beware: Extreme Greed Is Back In Bitcoin And Crypto

Bitcoin rallies as the first Exchange Traded Fund (ETF) launched by ProShares debuted in the NYSE. The first cryptocurrency by market cap trades at $62,908 with 2% and 9.5% profits in the daily and weekly charts, respectively. BTC moving sideways in the daily as ETF debuts. Source: BTCUSD Tradingview The general sentiment in the market flipped bullish as October made …

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