The most popular cryptocurrency, bitcoin (BTC), jumped by around 4% in less than an hour after Bloomberg reported that the US Securities and Exchange Commission is poised to allow the first US BTC futures exchange-traded fund to begin trading.
At 03:49 UTC, BTC trades USD 59,320 and is up by 2% in a day and 10% in a week.
BTC price chart:…
Read More: Bitcoin Rallies Above USD 59K on ETF Report…
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Bitcoin price remained well bid near the USD 57,000 level. As a result, BTC started a fresh increase above the USD 58,000 resistance zone. It is currently (04:13 UTC) gaining pace and it might even surpass the USD 60,000 level as the price jumped following a report that the US Securities and Exchange Commission is poised to allow the first US BTC futures exchange-traded fund to begin trading….
Read More: Bitcoin Nears USD 60K, Ethereum and Altcoins Rise…
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The deputy governor for financial stability at the Bank of England has issued a stark warning against cryptocurrencies and their risks….
Continue reading on https://decrypt.co/83401/bitcoin-could-trigger-financial-instability-bank-england-exec
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Receiving “no news is good news” for the approval of a bitcoin (BTC) futures-backed exchange traded fund (ETF), according to Bloomberg’s ETF analyst. However, others are more pessimistic, believing that the US Securities and Exchange Commission (SEC) is likely to delay the approval of a bitcoin ETF until 2022….
Read More: Experts Disagree on Prospects of Bitcoin ETF in 2021 as Deadline Nears…
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The US Securities and Exchange Commission (SEC) is divided along party lines on the crypto industry regulation generally and the ‘safe harbor’ proposal specifically, while a senior White House official claims that President Joe Biden’s administration is getting ready for an even tougher stance on the sector. And while two prominent Commissioners are knowledgeable on the industry, a lawyer argues that the actions of the SEC are overall harmful….
Read More: ‘Well-Informed’ Commissioners Disagree on Crypto, But SEC’s Approach ‘Harmful’…
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Another major power has claimed it will not follow Beijing in a nationwide crypto crackdown – with Moscow the latest to distance itself from such a move, days after the United States Securities and Exchanges Commission appeared to rule out the notion. But there could be a key caveat to Russia’s stance on crypto: Exchanges may be banished overseas.
Interfax quoted Alexey Moiseev, the Russia Deputy Finance Minister, as stating:…
Read More: No Crypto Crackdown in Russia but Keep Coins off Russian Soil, Official Warns…
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A rumored executive order on crypto from the Biden White House is just one part of a larger effort by the U.S. government to get its arms around the sector….
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rency, even as stocks and other risk assets have suffered in price.Over the past 7 days, bitcoin has been on a bull run that has brought its price up by more than 30%. At the same time, the US stock market index S&P 500 has remained more or less flat since last week, after having traded l……
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Several notable DeFi investors have backed Strips Finance’s ambitions to build out a decentralized exchange for fixed interest rates—a household tool in traditional finance….
Continue reading on https://decrypt.co/82717/multicoin-capital-leads-8-5m-investment-interest-rate-swap-exchange-defi
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and major crypto exchange Coinbase’s venture capital arm. It also included existing investors Paradigm, Ribbit Capital, Sequoia Capital India, and Tiger Global.The company was <a target="_blank" rel=……
Continue reading on https://cryptonews.com/news/new-crypto-unicorn-is-born-in-india-backed-by-a16z-and-coinbase.htm
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