US Securities and Exchange Commission (SEC) approved (ETP) Bitcoin ETF filed by ProShares, an American provider of private listed products.
CFTC Classifies Stablecoins as a Commodity
The Commodities Futures Trading Commission (CFTC) has, for the first time, classified tokenized dollar stablecoins as a commodity by entering into a settlement with Tether.
400,000 ETH Was Removed from Coinbase Exchange: Signals for Ethereum's Rise
On-chain data shows that four hundred- thousand Ethereum was withdrawn from the crypto exchange Coinbase on Saturday. This might be a buying activity carried out by institutional investors and signal for an uptrend of ETH.
MicroStrategy Has Made a Profit of Over $3,000,000,000 from its Bitcoin Investment
MicroStrategy, a business intelligence company, makes enormous profits from Bitcoin investments. With the recent price increase in Bitcoin, the company has made a profit of about $3 billion.
Tether Settles with CFTC for $41 Million
The Commodity Futures Trading Commission has announced that it has reached an agreement with Tether Limited for "untrue or misleading claims" about Tether's reserves. Following that Tether, agreed to pay $41 million.
Investors Who Hold Amount of 100 - 10.000 Bitcoin Increase
According to data provided by Santiment, the number of Bitcoin whales (addresses with 100 to 10,000 BTC) also experienced an increase with the price up experienced in Bitcoin. Since September 11, more than 250 new addresses have been holding this amount of Bitcoin.
Barry Silbert On Converting GBTC Into ETF: "Stay Tuned"
Barry Silbert, CEO of Digital Currency Group, urged his followers to 'keep following' in response to a tweet about the potential to turn Grayscale Bitcoin Trust into a physically supported exchange-traded fund. According to CNBC's report on Oct. 15, Grayscale Investments plans to apply early next week to convert the world's largest Bitcoin fund into a spot ETF.
El Salvador's Vice President Expects Other Countries to Accept Bitcoin
El Salvador's Vice President, Félix Ulloa, said during a meeting with Vice President of the LATFRAN Association, Pascal Drouhaud, that he recently predicted other countries would also follow the Bitcoin adoption model, according to a report by local media Diario La Huella. At the same time, El Salvador's president Bukele announced that the national demand for BTC is more than the US dollar.
US Senator Lummis Thanks God for Bitcoin as Congress Discusses Raising Debt Ceiling
Lummis pointed out that "almost no one is talking about the debt" while lawmakers intensely debate raising the debt limit. "We are getting closer to $30 trillion. Of course, if the spending that is being entertained by the majority party and the Biden administration passes, it will be over $30 trillion,” she warned.
Governments Are Likely to Keep Bitcoin on Their Balance Sheets
US Central Bank Governor Jerome Powell recently admitted that he is beginning to be disturbed by the current inflation levels, which exceed 5%. It seems that this will not ease any time soon. According to many, investing in Bitcoin, the most popular cryptocurrency, can serve as a hedge against inflation.
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