Coinbase Turns Profitable for First Time in Two Years
This week, Coinbase Global Inc. saw a 17% boost as a result of multiple analysts’ positive reevaluations of the company’s financial stability. According to Bloomberg, analyst Kenneth Worthington of JPMorgan changed his opinion on the company’s shares from negative to positive, following Bitcoin’s surge in value to over $50,000 earlier this weekâits highest level since […]
South Korea May Reconsider Stance on Bitcoin ETFs
South Korea’s Presidential Office has taken a proactive stance regarding the trading of Bitcoin exchange-traded funds (ETFs). The South Korean financial authority was urged by the office of the president of South Korea to reevaluate the prospect of allowing spot Bitcoin (BTC) exchange-traded funds (ETFs) to be traded in the nation. Formerly, South Korean businesses […]
Investment Giant Vanguard Blocks Clients From Buying Bitcoin ETFs
Vanguard, one of the largest asset managers in the world, will not be allowing customers to buy the newly approved Bitcoin ETFs. Vanguard has no plans to add new products to its brokerage platform since they don’t align with its current offerings, according to a Wall Street Journal report dated January 11. Vanguard quote: “Our […]
Gensler: Bitcoin ETFs as a Sustainable Path, Not an Endorsement
SEC Chair Gary Gensler talks about the launch of spot Bitcoin ETFs, the irony of centralizing a decentralized system, and the challenges of crypto regulation. Gary Gensler, the head of the U.S. Securities and Exchange Commission (SEC), has shared his thoughts on the newly launched spot Bitcoin exchange-traded funds (ETFs) and the future of crypto […]
Hacked SEC Twitter Account Falsely Posts Approved Bitcoin ETFs
According to the Safety Team of the X platform, the U.S. Securities and Exchange Commission’s (SEC) Twitter account was hacked. The Twitter (X) account of the U.S. Securities and Exchange Commission (SEC) was hacked by an anonymous person, the social media platform’s Safety Team verified following an initial probe. The Bitcoin ETF announcement, which originated […]