Ethereum News

How to use the Polygon Bridge

• by admin
• January 10, 2024

Here’s our step-by-step guide on how to use the Polygon Bridge, which facilitates seamless asset transfers between Ethereum and Polygon. The Polygon Bridge facilitates seamless asset transfers between different blockchain networks, enabling users to navigate diverse ecosystems and leverage decentralized finance (DeFi) opportunities. What is the Polygon Bridge? Polygon blockchain is an Ethereum layer-2 scaling […]

Ethereum News

Update: Spot Bitcoin ETFs not yet approved in the United States

• by admin
• January 10, 2024

The United States Securities and Exchange Commission did not give the green light to the first spot Bitcoin ETF in the country on Jan. 9, Gary Gensler confirms on X. The United States Securities and Exchange Commission (SEC) has not yet given approval for a spot Bitcoin BTC $45,682 exchange-traded fund (ETF).  On Jan. 9, […]

Ethereum News

Bitcoin ETF’s false start: Hack or fat-fingered SEC intern?

• by admin
• January 10, 2024

The SEC’s official X account posted that a spot Bitcoin ETF had been approved, only to claim its account had been compromised half an hour later. The question everyone wants to know right now is: was the SEC’s tweet earlier today stating a Bitcoin ETF had been approved the result of a hack, or was […]

Ethereum News

SEC did not have 2FA enabled: X safety team on fake Bitcoin ETF post

• by admin
• January 10, 2024

The SEC’s false Bitcoin ETF announcement resulted from a SIM swap attack, says the official X safety team following a preliminary investigation. The safety team at X (formerly Twitter) has revealed that the United States Securities and Exchange Commission (SEC) did not have two-factor authentication (2FA) enabled on its main X account, allowing a hacker […]

Ethereum News

Gary Gensler reports SEC X account ‘compromised’ — No spot Bitcoin ETF approval yet

• by admin
• January 10, 2024

Gensler’s post came 15 minutes after the SEC’s X account falsely reported that spot Bitcoin ETFs were approved. The United States Securities and Exchange Commission (SEC) has confirmed it has not yet approved the listing and trading of spot Bitcoin exchange-traded products, and that a previous post suggesting so, was false.  On Jan. 9, multiple […]

Ethereum News

Spot Bitcoin ETF fee war begins, issuers amend S-1 filings with lower sponsor fees

• by admin
• January 9, 2024

Issuers of potential spot Bitcoin ETFs that are awaiting SEC approval have filed amendments to their S-1 forms, which include new competitive fee rates — some as low as 0.24%. The anticipation for the decision from the United States Securities and Exchange Commission on spot Bitcoin exchange-traded funds (ETFs) continues as multiple applicants filed their […]

Ethereum News

What are the next steps for the Bitcoin ETF?

• by admin
• January 8, 2024

Final amendments from asset managers seeking regulatory approval for a spot Bitcoin ETF are due on Jan. 8. Analysts expect trading to begin on Jan. 11. The final steps for a spot Bitcoin BTC $44,953 exchange-traded fund (ETF) debut on Wall Street are in progress, with final revisions from asset managers expected by the morning […]

Ethereum News

BlackRock to slash 3% of workforce ahead of Bitcoin ETF deadline: Report

• by admin
• January 8, 2024

BlackRock is reportedly set to break the news to 600 employees in the coming days amid hopes for the approval of its spot Bitcoin ETF application. The world’s largest asset manager, BlackRock, reportedly plans to reduce its global workforce by around 3% in the coming days. This comes amid BlackRock’s expectations of receiving favorable news […]

Ethereum News

Price analysis 1/3: BTC, ETH, BNB, SOL, XRP, ADA, AVAX, DOGE, DOT, MATIC

• by admin
• January 4, 2024

Bitcoin’s sharp fall on Jan. 3 suggests that market participants are nervous ahead of the SEC’s long-awaited decision on the spot Bitcoin ETF applications. Bitcoin BTC $43,087 led the cryptocurrency markets lower on Jan. 3, indicating the market’s nervousness about the fate of the spot Bitcoin exchange-traded funds (ETFs) applications. One of the reasons being […]

Ethereum News

BlackRock expected to seed ETF with $10M worth of BTC

• by admin
• January 4, 2024

BlackRock is reportedly planning to acquire $10 million worth of BTC as initial funding for its potential spot Bitcoin ETF, still currently under review for approval from the SEC. BlackRock, the world’s largest asset manager and one of the front-runners in the race to issue the first spot Bitcoin exchange-traded fund (ETF) in the United States, […]