Cathie Wood’s Ark Invest Becomes Latest Bitcoin ETF Applicant
When it comes to being a Bitcoin bull, Cathie Wood of Ark Invests goes all out. Ark Invest has applied for a Bitcoin ETF that tracks BTC futures, according to a recent SEC filing. The SEC has expressed interest in approving such a derivative product rather than directly tracking the underlying asset, which is actual […]
Elon Musk signals support for Dogecoin’s ‘Update’ as the Bitcoin price unexpectedly rises
Elon Musk, who has recently alienated much of the bitcoin and cryptocurrency community, has reaffirmed his support for meme-based cryptocurrency dogecoin. The price of dogecoin has exploded this year, rising nearly 10,000% since October 2020 and propelling the memecoin into the top ten cryptocurrency rankings, aided by Musk’s erratic Twitter persona. In comparison, the price […]
G7 leaders establish digital currency guidelines for central banks
This week, the Group of Seven (G7) advanced economies discussed central bank digital currencies (CBDCs), deciding that they should “do no harm” and adhere to strict guidelines. On Oct. 13, G7 finance officials gathered in Washington to discuss central bank digital currencies and adopted 13 public policy guidelines for their deployment. The G7 countries, which […]