Category: Crypto

Following the launch of the first spot bitcoin exchange-traded funds (ETFs), financial institutions are working toward the goal of offering specialized fund options, including leveraged and inverse options, to support investors who are interested in capitalizing on the volatility in the cryptocurrency market. To create five leveraged and inverse leveraged spot bitcoin funds, Direxion, an…

After the Patent and Trademark Office approved one of Meta’s ideas for digital currency software, Congresswoman Maxine Waters (D-Calif.) did something. She wrote a letter to Meta’s CEO Mark Zuckerberg and COO Javier Olivan on January 22 in which she expressed concern about the company’s recent actions in the cryptocurrency area. The letter, which came…

As buyers tried to figure out what would happen after all the money came into the cryptocurrency market, there was a big drop in the value of cryptocurrencies on Tuesday. After the US Securities and Exchange Commission (SEC) approved the first spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) on January 10, 2024, this change in…

Bitcoin and other digital currencies rose on Friday as the mood in the broader markets improved thanks to the strong performance of tech firms. This is a positive sign for crypto investors—but not as optimistic as a new forecast for Bitcoin from ARK Investment Management, led by the famous Bitcoin supporter and tech visionary Cathie…