Bank Reports Show US Consumer Remains Strong
After solid reports from JPMorgan (NYSE:JPM), Wells Fargo (NYSE:WFC), and Citigroup (NYSE:C), traders turned their focus to Goldman Sachs and Bank of America as they continued to search for clues about the strength of the U.S. consumer and economy. Both…
Stake.com’s $41M hack: Implications and lessons in crypto security
Stake.com was recently hacked for $41 million. What happened during the incident? How did the crypto casino giant respond to the attack? The implications and lessons for crypto. The security breach that saw online crypto casino Stake.com lose $41 million…
Bitcoin ETF may be a ‘limited’ benefit for Coinbase stock: Barclays
Mike Novogratz expects SEC to approve a Spot Bitcoin ETF this year. Barclays analyst does not expect that to be a huge benefit for Coinbase. Coinbase stock is currently down over 30% versus its year-to-date high. Mike Novogratz – the…
Peter Schiff is wrong about Bitcoin
Peter Schiff, the Chief Market Strategist at Euro Pacific Asset Management, is one of the most respected people in finance. He has been right on so many things in the past, including the pace of interest rates, US government debt,…
Fidelity Aims For Bitcoin ETF Approval: New Application Tackles SEC’s Previous Reservations
ETF Issuer, Fidelity Investments, submitted its Bitcoin (CRYPTO: BTC) Spot ETF “Wise Origin Bitcoin Trust†application to the SEC again. This time, Fidelity Investments has addressed the regulator’s concerns that led to the rejection of the previous Bitcoin ETF update….
US lawmakers urge White House crack down on Hamas use of crypto after Israel attack
By Hannah Lang (Reuters) -A bipartisan group of U.S. lawmakers is urging the Biden administration to swiftly crack down on the use of cryptocurrencies by Hamas and its affiliates following the Palestinian militant group’s deadly attack in Israel earlier this…
Man jailed in Lagos for $5000 cryptocurrency fraud
A Special Offences Court sitting in Ikeja, Lagos State, on Wednesday, sentenced a 25-year-old man, Babatunde Shittu, to one year in jail for engaging in and benefitting from $5,000 cryptocurrency fraud. The News Agency of Nigeria (NAN) reports that Shittu…
Novogratz Envisions Bitcoin ETF Clearance In 2023 – ‘It’s Gonna Get Approved’
Galaxy Digital Holdings Ltd. (OTC: BRPHF) CEO Michael Novogratz on Wednesday exuded confidence in the approval of spot Bitcoin-exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC) this year. Reflecting on the recent legal stride by Grayscale Investments LLC,…
Bitcoin price is up despite a cooling crypto market
Published by City AM By Darren Parkin Bitcoin continues to gain ground and is trading for roughly $28.6k, up 1.9% over 24 hours and more than 5% over seven days. Ethereum (ETH) is down by 0.9% on the day but…
Will A Spot Bitcoin ETF Approval Be The Catalyst For Crypto Summer? Experts Weigh In
With the backdrop of the U.S. Securities and Exchange Committee’s (SEC) recent decision not to contest a court ruling in the Grayscale Bitcoin (CRYPTO: BTC) ETF case, the crypto market experienced a whirlwind of excitement following a false report about…