Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

BlackRock Insiders Give A Timeline For When The First Spot Bitcoin ETF Will Be Approved

BlackRock and multiple other fund managers filed for Spot Bitcoin ETFs back in June. Since then, speculations have abounded regarding if the United States Securities and Exchange Commission (SEC) will approve the first Spot Bitcoin ETF given its track record. But according to insiders, the first approval may not be far off. Approval Coming Soon For First Spot Bitcoin ETF Citing his sources at BlackRock and Invesco, Galaxy Digital CEO Mike Novogratz stated that the SEC will likely give the green light for these Bitcoin ETFs within the next four to six months. The CEO said this on an earnings call with investors where he maintained a bullish stance on the firm’s Bitcoin strategy. Related Reading: Beware Of Crypto Firms Falsely Claiming To Have Submitted License Applications “Our contacts from the Invesco side and from the BlackRock side gets you to think that this is a question of when, not if, that the outside window this is probably six months,” Novogratz said during the company’s Q2 earnings call on August 8. “And so you’re– kind of your four to six months, if you had to put a pin the tail on the donkey audit.”  During the earnings call, the Galaxy Digital CEO noted that the Spot Bitcoin ETF application by BlackRock, which happens to be the largest asset manager, has sparked a positive sentiment from institutional investors towards the foremost cryptocurrency. He also highlighted how BlackRock CEO Larry Fink’s change of mind from being a Bitcoin skeptic to a proponent has arguably led the Bitcoin adoption charge in the asset management industry.  In 2017, Fink labeled Bitcoin an “index of money laundering.” However, the CEO of the largest investment firm in the world has since changed his stance, and Fink has advocated for Bitcoin, rightly labeling it as the first “global money.” BTC price recovers following improved market sentiment | Source: BTCUSD on Tradingview.com Competition Is Going To Be Hot Novogratz told investors on the call that he recognizes that the competition will be hot once the various spot Bitcoin ETFs are approved. He, however, reaffirmed his company’s intention to claim a large chunk of the ETF market share. According to him, “We’re going to fight like cats and dogs to win market share once it’s approved.”  Other prominent firms that are major contenders for a Spot Bitcoin ETF include Invesco (the US fourth-largest ETF manager), Cathie Wood’s ARK Invest, Wisdom Tree (the 10th largest ETF manager), Fidelity, Grayscale, and Valkyrie. Related Reading: ARK Invest’s CEO Says SEC Could Approve Multiple Spot Bitcoin ETFs Simultaneously While it remains uncertain in what order the SEC will approve these applications (or whether they will be approved together), many believe that a first-mover advantage could be key to determining which of these firms enjoy a huge chunk of the market share in the spot Bitcoin ETF industry.  That is why it isn’t surprising that Valkyrie recently filed an application to the SEC to amend its Bitcoin Strategy ETF (BTF) to include ETH futures contracts, in a move that could see it launch ahead of other firms applying for an Ethereum futures ETF. Featured image from iStock, chart from Tradingview.com

Russia to begin CBDC trials with 13 banks

According to Olga Skorobogatova, first deputy governor of the Bank of Russia, initiating pilot operations using genuine digital rubles represents a pivotal phase within the project.

Introducing: Kurtosis eth2-package – a tool to spin up a reproducible, composable, private Ethereum testnets

Hey r/ethereum! I'm Derek from Kurtosis & I wanted to share the Kurtosis eth2-package! This is a tool that developers should use to spin up private testnets for development and testing against protocol changes (e.g. EIP4844) or for e2e testing of large, complex dApps. See it in action with the Kurtosis CLI, Docker, and only…
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Is fully decentralized blockchain gaming even possible?

A ragtag group of communists and ZK-rollup fans are working tirelessly to make blockchain games composable and fully on-chain. It’s not easy.

56% of adult americans wants crypto to be more or similarly regulated relative to financial assets such as securities and investment funds

Now I no doubt have your attention. ​ https://preview.redd.it/809yqghh43hb1.png?width=767&format=png&auto=webp&s=74f7be4222c38ba4b72823bb2e9fc0723747bf4c Striking numbers if you compare this to the sentiment here on this sub. This is a good reminder to expand your horizons beyond this forum as well. Here, due to the lure of Moons, we are often a circle jerking bunch where 1 particular opinion keeps…
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BofA Predicts Drop in Ethereum

submitted by /u/Defiant-Branch4346 [link] [comments]

EOS Foundation urges creditors to reject $22M Block.one settlement

The EOS Network Foundation has called on plaintiffs to drop the $22-million settlement with Block.one weeks after initiating a new class action.

Why is Shiba Inu price up today?

Shiba Inu is up today as traders assess its inclusion in BitPay’s new bill payment service.

The Pros and Cons of Masternodes: A Guide for Investors

submitted by /u/Electrical-Nobody259 [link] [comments]

Universal Music and Google in talks over deal to combat AI deep fakes: Report

Universal Music and Google are reportedly in negotiations over a tool that would allow for the creation of AI tracks using artists’ likenesses in a legal way.