Features Today TheBitTimes.com

The deal comes as Bitcoin ETF applications in the U.S. are seemingly inching closer toward regulatory approval. European digital asset management firm CoinShares secured the exclusive option to acquire the exchange-traded fund (ETF) unit of its United States competitor Valkyrie Investments, including the Valkyrie Bitcoin Fund that’s awaiting approval in the U.S. CoinShares said on Nov. 17 that the move helps it expand to the U.S., which could soon become the epicenter for ETF offerings. The firm’s CEO Jean-Marie Mognetti added he hopes the Valkyrie acquisition will help it capitalize on what is currently a fragmented global ETF market. “The establishment of crypto spot ETPs in Europe since 2015, a development about to be mirrored in the U.S., is the perfect illustration,” said Mognetti. “This disparity in market evolution presents both challenges and significant opportunities.” Exciting update! @CoinSharesCo secures an option to acquire @ValkyrieFunds, uniting our strengths to creat...

The recent report from Chainalysis offers an insightful look into the crypto market in North America, examining its global dominance, the impact of institutional investments, etc. The Chainalysis report posted on Oct. 23 shows the dominant position of the United States in the global crypto currency market. The country accounted for over $1 trillion in transaction volume from July 2022 to June 2023, and when combined with Canada, nearly a quarter of the global transaction volume. This impressive figure is primarily attributed to significant engagement from large institutional investors, with transactions of $1 million or more comprising 76.9% of the region’s transaction volume. Crypto transactions across the world | Source: Chainalysis However, the crypto landscape has experienced fluctuations, notably after the FTX exchange incident and the commencement of Sam Bankman-Fried’s criminal trial, which led to a contraction in activity. This situation was further exacerbated by t...

Although the rate in the US has risen by 3.7% compared to last year, economist Paul Krugman has stated that the war on inflation is “pretty much over.” Additionally, Krugman noted that the war was won without the arrival of a recession. Contrary to forecasts made by a host of notable analysts. In a post made to X, formerly Twitter, Krugman discussed the inflation fight in the United States. Moreover, he noted that there is still a chance for a recession. Subsequently, he stated that its presence would be due to policy that isn’t a clear necessity. And bear in mind that core is still being distorted by lags in the measured price of shelter. So basically the data are now saying that the war on inflation has been pretty much won — without a recession 2/ — Paul Krugman (@paulkrugman) September 13, 2023 Also Read: US Inflation Rises to 3.7% Economist Says Inflation War is Over, Without a Recession The United States’ economic condition ca...

At least 16 applications for Ether or Bitcoin-Ether futures ETFs are awaiting regulatory approval in the United States. The United States Securities and Exchange Commission (SEC) is likely to approve multiple applications for Ether futures exchange-traded funds (ETFs) at the same time, the Wall Street Journal reported, citing sources familiar with the matter.  Since July, the regulator has been flooded with applications from several investment firms, including requests combining futures Bitcoin (BTC) and Ether strategies. As of now, the SEC has not instructed the firms to withdraw their applications, a change from 2021 when firms were instructed to withdraw similar applications. This suggests that the regulator won't block the fund's launch within a few weeks, according to the WSJ sources At least 16 applications for Ether or Bitcoin-Ether futures ETFs are awaiting regulatory approval . Ether is the native coin of the Ethereum blockchain, used for peer-to-peer transactions wi...

Luxembourg-based crypto exchange Bitstamp will suspend trading of seven major alt coins for US customers starting Aug. 29, 2023. The affected cryptocurrencies include Axie Infinity (AXS), Chiliz (CHZ), Decentraland (MANA), Polygon (MATIC), Near (NEAR), Sandbox (SAND), and Solana (SOL). After Aug. 29, all trading with these altcoins will be halted. Update for our US users Starting August 29: AXS, CHZ, MANA, MATIC, NEAR, SAND, and SOL trading will be halted after evaluating recent market developments. Execute any open trades. Holding and withdrawing tokens afterwards will be unaffected. More info:… — Bitstamp (@Bitstamp) August 8, 2023 Bitstamp clarified that while trading for these tokens will be temporarily halted, users can still retain these assets in their accounts and withdraw them as desired. The decision follows the SEC’s recent allegations that these seven tokens are unregistered securities, as evidenced by complaints filed against major cryptocurrency exc...

In a clash between blockchain enterprise Quantstamp and the U.S. SEC, the murky legal waters of initial coin offerings and crypto regulations come to the forefront. Another legal skirmish has unfolded, this time involving the U.S. Securities and Exchange Commission (SEC) and a blockchain security enterprise Quantstamp. Coming on the heels of the long-anticipated ruling concerning the SEC’s allegations against Ripple, this development reinforces the precarious legal environment surrounding initial coin offerings (ICOs). You might also like: Ripple CEO questions SEC’s crypto jurisdiction as Gensler requests more funding On July 21, the SEC, the regulatory body for securities in the United States, filed charges against Quantstamp for allegedly conducting an unauthorized ICO in 2017. The company is accused of amassing over $28 million by selling QSP tokens to approximately 5,000 investors. These funds were purportedly meant to foster the creation of an Ethereum (ETH) b...

Kraken is required to provide details of users who engaged in transactions exceeding $20,000 within a calendar year. A federal court ordered crypto exchange Kraken to turn over account and transaction information to the Internal Revenue Service (IRS), which said it needed that information to see if any of the exchange's users had underreported their taxes. As per the order issued on Friday, June 30, Kraken is required to provide details of users who engaged in transactions exceeding $20,000 within a calendar year, including their names (real or pseudonyms), birthdates, taxpayer identification numbers, addresses, phone numbers, email addresses and various other documents. In February, the IRS submitted a court petition in the Northern District of California shortly after Kraken reached a settlement with the United States Security Exchange Commission (SEC) over claims of securities law violations related to its staking service. The IRS claimed that it had issued a summons to Kra...

Also Read: Terra Classic Biggest v2.1.1 Parity Upgrade Goes Live, LUNC Price Rally 8% advertisement Bitcoin Price Reaction To Fed Decision The Bitcoin price maintained sideways momentum in its initial reaction to the rate hike pause. However, the hints of possible rate hikes later in the year may result in a pump and dump scenario for Bitcoin . Earlier, CoinGape reported that traders will be keenly looking at the Fed’s message around possibility of rate hikes in the next meeting in FOMC. It was said that the market price movements could be decided by how the US central bank forecasts about its upcoming decisions. However, a majority of the US Fed officials see possibility of rate cuts in 2024. Meanwhile, the S&P 500 Index took a sharp fall of 0.45% following the FOMC decision, whereas the Nasdaq Composite Index fell 0.52%. Also Read: Binance Looks To Deregister As Crypto Service Provider In Cyprus Recommended Articles ...

The market participants had expected the CPI data to show signs of easing Inflation , with prices expected to have risen 0.1%, compared to the 0.4% rise in April 2023. On the other hand, the market participants are anticipating a rate hike pause decision from the June 14, 2023 Federal Open Market Committee (FOMC) meeting. advertisement Also Read: XRP Lawsuit: Vitalik Involved In Process Of Hinman’s Infamous ETH Speech; Reveals Docs The CPI Index, also called Inflation numbers, measures the average change over time in the costs paid by urban consumers for goods and services. In the lead up to the CPI data release, the Bitcoin price saw a jump over the last 24 hours, leading it to the $26,000 range. The BTC price registered a 3% jump compared to the daily low of $25,700 level. Also Read: Ethereum Price Prediction: Are $ETH And $BTC Securities? Here’s Trading Plan For ETH Price This Week Recommended Articles ...

Also Read: US Congressman Files Bill To Fire SEC Chair Gary Gensler In the recent times, top US based crypto exchange Coinbase announced plans to expand its presence beyond the United States . This came after its repeated attempts to obtain clear path to regulatory framework from the U.S. Securities and Exchange Commission (SEC). Meanwhile, he feels that US administration’s plans to have a CBDC-led surveillance environment would not have the same effect globally as it had earlier. “CBDC Surveillance State In The US” The crypto investor responded to a tweet by Josh Swihart about the US lawmakers’ plans to “diligently working to shut off all crypto from the mainstream, including Bitcoin .” Srinivasan, however, explained that it would not have a widespread effect on the Crypto Market as Washington DC does not have a global veto over tech anymore. Interestingly, the back to back lawsuits against top crypto exchanges Coinbase and Binance draw paralle...

Also Read: Coinbase Rolls Out Zero Fee Trading Program, Expands Outside US advertisement The latest development in Mexico marks yet another move towards complete institutional adoption for the top cryptocurrency. The Bitcoin Lightning network is a layer 2 solution on top of the native blockchain. The Lightning network uses micropayment channels to leverage the native Bitcoin for performing transactions more efficiently and at lower costs. Mexico Users Can Now Pay Internet Bills In BTC On Thursday, Total Play, one of the top internet providers in the North American country, integrated the BTC Lightning based payments. The internet provider enabled a simple payments dashboard that asks user to chose between on chain Bitcoin payment and BTC Lightning payment. This could go on to be a significant development in the United States ’ neighboring nation, as mainstream Bitcoin usage could further educate people on crypto use cases. According to the D...