Lightspark CEO says Bitcoin could help transform global payments. David Marcus explained his view today on CNBC’s “Squawk Box”. Bitcoin is currently down about 20% versus its year-to-date high. David Marcus – the Chief Executive of Lightspark sees a big future for Bitcoin that’s down 20% versus its year-to-date high at writing. Bitcoin could transform…
Cryptocurrency
Mohamed El-Erian: Crypto is more institutionalised and maturing well
Crypto is getting more and more institutionalised and maturing well, says Mohamed El-Erian. The top economist pointed to the flip in sentiment from major players such as BlackRock as good for crypto. El-Erian also commented on US inflation. Mohamed El-Erian, the chief economic advisor at Allianz, says the cryptocurrency industry is getting more institutionalized and…
Cryptocurrency
Asset manager Franklin Templeton applies to launch a spot Bitcoin ETF
Franklin Templeton joins other asset management firms like Grayscale that have applied to offer crypto ETFs. The SEC was mandated by the court to evaluate Grayscale’s application to convert its Bitcoin futures ETF into a spot ETF. Franklin Templeton will collaborate with CF Benchmarks to ensure accurate valuation. Franklin Templeton, a prominent asset management firm…
Cryptocurrency
Bitcoin may soon rally based on ‘fundamental grounds’: Bernstein
Bernstein analyst says Grayscale ruling was a game changer. Gautam Chhugani expects Bitcoin to materially benefit from it. The world’s largest cryptocurrency is still lingering around $26,000. The recent ruling in favour of Grayscale and against the Securities & Exchange Commission was a “game changer”, says Gautam Chhugani – a Bernstein analyst. Chhugani expects Bitcoin…
Cryptocurrency
Bitcoin, crypto prices fall as bumpy September rolls in
Crypto prices traded lower on Friday as Bitcoin retested the $26k area. Declines across major altcoins added to the forecast of a “bumpy” ride in historically negative September. Cryptocurrencies were largely down on Friday, September 1 as major caps slid amid a surprising decline likely fueled by latest delays for spot Bitcoin ETFs. As can…
Cryptocurrency
Former SEC chair on Bitcoin ETF: ‘I think approval is inevitable’
SEC delayed its decision this week on applications for a Bitcoin ETF. Former SEC chair Jay Clayton talked Bitcoin ETF with CNBC on Friday. The world’s largest cryptocurrency is down 18% versus its YTD high. The U.S. Securities and Exchange Commission delayed its decision on a bunch of applications for a Bitcoin ETF this week….
Cryptocurrency
Grayscale secures a big win against SEC in Bitcoin ETF case
U.S. court rules in favour of Grayscale in its lawsuit against SEC. Today’s ruling paves the way for the first U.S. Bitcoin ETF. Bitcoin and Ethereum jumped over 5.0% following the news. The U.S. Court of Appeals for the DC Circuit just ruled in favour of Grayscale in its long-running lawsuit against the Securities &…
Cryptocurrency
Digital asset investment products record largest outflows since March
Digital assets investment products saw outflows of $168 million last week, $146 million of which was for Bitcoin. It’s the largest weekly outflows total since March 2023, according to a report by CoinShares. CoinShares’ latest weekly report on digital asset investment flows shows that the market witnessed its largest funds outflows in nearly six months…
Cryptocurrency
Stacks and Toncoin lead the bull cycle as global crypto market cap surge
Stacks (STX) has gained 18.43% today to trade at $0.5319 at press time. Toncoin (TON) has gained 15.51% today to trade at $1.74 at press time Bitcoin Cash (BCH) had jumped by 12.33% to trade at $216.57. The cryptocurrency market has turned green today with a majority of the top cryptocurrencies by market cap registering significant…
Cryptocurrency
BREAKING: Bitcoin hits $28k after Grayscale win against SEC
Bitcoin price rose to highs of $28,142 on crypto exchange Bitstamp on Tuesday. The gains came as the crypto market reacted to news of Grayscale’s win against the SEC. Bitcoin price saw a huge spike in volatility on Tuesday afternoon as prices across the crypto market rose. The world’s largest cryptocurrency by market cap jumped…
