Author: CryptoHoppers

BlackRock, which is undoubtedly the largest asset manager globally, has gone ahead and applied for a Bitcoin exchange-traded fund (ETF). This will provide investors the opportunity of being able to connect with cryptocurrency. This is with regard to the fact that it is being watched very closely in terms of regulatory factors. The iShares Bitcoin Trust, which is an arm of BlackRock, will be taking the help of Coinbase Custody, as per the SEC.   In the year gone by, BlackRock was instrumental in delivering a spot bitcoin private trust which targeted the institutional clients based in the U.S. All of…

During the past week, Coinbase and Binance encountered challenges due to increased regulatory scrutiny, coinciding with bearish market conditions following the US Securities and Exchange Commission’s (SEC) charges. Binance faced additional regulatory obstacles on a global scale, while its US-based counterpart, Binance.US, successfully settled with the SEC, preventing a complete freeze of its assets. The SEC also remained in the spotlight as a bill to remove chairperson Gary Gensler advanced through Congress. Significant developments also occurred in the SEC vs. Ripple case, as previously undisclosed internal emails about the Bill Hinman’s 2018 speech were publicly disclosed. Binance faces international regulatory…

BlackRock recently submitted an application to the Securities and Exchange Commission for a Bitcoin ETF. While some may assume that this ETF will resemble the Grayscale Bitcoin Trust (GBTC), there are notable distinctions between the two products. BlackRock’s iShares Trust Vs. GBTC BlackRock’s iShares product, technically classified as a trust, offers redemptions similar to an ETF, unlike GBTC. Noelle Acheson clarifies that the market may mistakenly associate “trust” with GBTC’s lack of redemption options, but this is not true for BlackRock’s offering. Image: Forbes The key disparity between a BTC ETF and a trust lies in the ETF’s ability to…

Long-term Bitcoin holders remained unfazed by market volatility. Retail investors and whales showed growing interest in BTC. Amidst recent uncertainties surrounding the crypto market due to the SEC’s lawsuit and FOMC’s announcement, long-term Bitcoin [BTC] holders have continued to display unwavering faith in BTC, unaffected by the recent market volatility. Is your portfolio green? Check out the Bitcoin Profit Calculator For old time’s sake According to data from Glassnode, the spending of mature coins, which have been held for an extended period, remained relatively inactive compared to their typical level, even amidst significant year-to-date (YTD) price fluctuations. This suggested that…

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On June 16, the Ripple CEO, Brad Garlinghouse, recently released a video on Twitter. Therein, he said, upon perusing Dr. Hinman’s emails, which were made public by the United States Securities and Exchange Commission (SEC) due to legal pressure, he felt compelled to document the information. Dr. Hinman, the SEC, and the regulatory measures concerning cryptocurrencies that the agency seems hesitant or incapable of implementing in the United States were all focal points of Garlinghouse’s revelations. Despite Garlinghouse’s infrequent video postings, he found it necessary to…

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The cryptocurrency exchange, Coinbase, has been accused by the Securities and Exchange Commission (SEC) of violating federal securities laws.  This news has caused uncertainty within the community, especially since a similar lawsuit was filed against Binance the day before. The news has impacted the market, with COIN share prices dropping by 20% in pre-market trading. Among the tokens implicated in the lawsuit was Axie Infinity, a play-to-earn platform currently under pressure and selling off. This shift in investor sentiment is why investors, gamers, stakers, and traders…

Speculation around the token dropped despite being put in its “rightful” place. FLOKI holders made some unrealized profits due to its 24-hour hike. Contrary to what the Floki Inu [FLOKI] team might have expected, its announcement of Binance’s decision to add the meme to the Metaverse section did not come with widespread elation.  How much are 1,10,100 FLOKIs worth today? As a cryptocurrency that gained significant attention due to its association with Elon Musk’s tweet about his new Shiba Inu puppy, FLOKI added an NFT gaming metaverse project as one of its utilities.  Joining the category sparked no joy This…

Top Stories This Week US lawmakers file ‘SEC Stabilization Act’ to fire Gary Gensler United States Representative Warren Davidson has introduced the “SEC Stabilization Act” into the House of Representatives. One of the bill’s main provisions is to fire Securities and Exchange Commission (SEC) Chair Gary Gensler. The bill would remove Gensler from office and redistribute power between the SEC chair and commissioners. It would also add a sixth commissioner to the agency, disallow any party from holding a majority on the commission and create an executive director position. The SEC declined to comment on the matter. BlackRock applies for…

Bitcoin CME Futures BTC1 front month continuous contract price action closes over the weekend, making Friday evening the closing bell for the week. This Friday’s close saw price recover above a crucial level that in the past led to a bullish impulse in crypto. Here is a closer look at why bulls could be ready to charge in the coming weeks. Using BTC CME Futures As A Crypto Crystal Ball Large institutional traders don’t just trade spot BTCUSD, nor do they trade on Binance, ByBit, or another crypto platform. When they want to speculate and trade using derivatives contracts, they…

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Coinbase is moving to gain an advantage in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The crypto exchange has responded to the commission’s request for an additional 120 days to reply to its rulemaking petition by filing a solid response in the U.S. Court of Appeals for the Third Circuit. Paul Grewal, Coinbase’s Chief Legal Officer, announced the filing, emphasizing that the crypto exchange cannot wait until next week’s deadline to address the SEC’s indecisiveness in response to the previous court order. According…