The first wave of exchange-traded funds tracking Bitcoin is witnessing strong investor interest. Net fund inflows into spot Bitcoin ETFs stood at $33.1 million at the close of the sixth trading day, according to data compiled by BitMEX Research. Financial services giant Fidelity’s Wise Origin Bitcoin Trust (FBTC) accounted for the lion’s share of inflows […]

In a bold stand against the rising tide of Central Bank Digital Currencies (CBDCs), Congressman Tom Emmer, a vocal supporter of cryptocurrency, aligns with former President Donald Trump’s vision. Notably, Tom Emmer, the Majority Whip of the United States House of Representatives, recently voiced his concerns on the X platform, echoing Trump’s apprehensions about CBDCs […]

In a fresh wave of controversy, Elon Musk has taken to social media to dispute a recent Bloomberg report claiming that his artificial intelligence company, xAI, secured $500 million in commitments from investors. Notably, the report suggested a lofty $1 billion funding goal with a potential valuation between $15 billion to $20 billion. However, Elon […]

The crypto market made a turnaround on Saturday morning, with major digital assets hitting the purple patch again. Inflows into US-listed exchange-traded funds tracking Bitcoin may not have succeeded in pushing Bitcoin’s price up, but strong trading volumes signal that Bitcoin ETFs are an initial success. If you want to gauge the early performance of […]

Within three days of filing the 19b-4 for the options trading of the spot Bitcoin ETFs, the U.S. Securities and Exchange Commission (SEC) has acknowledged the request. Options for spot Bitcoin ETFs Coming Next Month? Bloomberg’s senior ETF strategist, James Seyffart, reveals that the U.S. Securities and Exchange Commission (SEC) has acknowledged the 19b-4s requesting […]

In the latest development in the U.S. Securities and Exchange Commission (SEC) lawsuit against Ripple Labs, defendant Ripple opposed the SEC seeking audited financial statements, post-complaint contracts for the sale or transfer of XRP to “non-employee counterparties”, and details on the amount of “XRP Institutional Sales proceeds” received after the lawsuit filing. Ripple Opposes SEC’s […]

The Commodity Futures Trading Commission (CFTC) has filed a civil action against crypto platform Debiex, the agency said in a statement on Friday. The crypto scam was reportedly an elaborate romance fraud. The CFTC accused the digital asset platform of engaging in a fraudulent online romance scam that misappropriated $2.3 million in customer funds, primarily […]

‘The Nine’ Bitcoin ETFs witnessed a surge in trading volume on Friday, reported Bloomberg’s Eric Balchunas.The Bitcoin ETFs experienced a 12% spike in volumes compared to Thursday and a 53% increase from Wednesday. Balchunas underlined the fierce competition between $FBTC and $IBIT to get to the top of the chart. With a combined daily volume […]

India’s Union Budget for 2024 will be presented by the Finance Minister on February 1, before the upcoming general elections. Every budget has some key components that determine the country’s economic policies. The revenue budget is one such component of the Union Budget. The revenue budget focuses on the projected earnings and expenditures of the […]

With artificial intelligence (AI) sector booming, Elon Musk’s xAI is making strides toward its ambitious $1 billion funding target. Bloomberg noted in its report on Friday that the AI venture has secured $500 million in commitments from investors. xAI is reportedly in discussions regarding a valuation ranging from $15 billion to $20 billion. Sources told the paper […]