The U.S. Securities and Exchange Commission’s former head of internet enforcement has warned about investing in spot bitcoin exchange-traded funds (ETFs), which the SEC is expected to approve on Wednesday. He cautioned that spot bitcoin applicants are “nothing more than an opportunistic cartel of fee-sucking billionaire financial behemoths who have the audacity to design and […]
Former Bitmex CEO Arthur Hayes is cautioning about a potential 30% correction in the bitcoin market. “The washout could be even more severe if the slate of U.S.-listed spot bitcoin ETFs has already commenced trading,” he warned. “I could easily see a 30% to 40% correction due to a dollar liquidity rug pull.” Ex-Bitmex Chief’s […]
A group of former Citigroup executives has introduced a new product called bitcoin depository receipts. They explained that this crypto product does not need to be registered with the U.S. Securities and Exchange Commission (SEC). The new offering aims to be a “complementary” product to spot bitcoin exchange-traded funds (ETFs) that the securities regulator is […]
Trevor Traina, the founder and CEO of Kresus, has said he foresees non-custodial mobile wallets “transforming into something more comprehensive than just tools for storing digital assets.” According to Traina, such a transformation is needed if non-custodial wallets are to become apps with “functionalities to cater to the diverse needs of the Web3 community.” Non-Custodial […]
Ricardo Spagni, the former lead maintainer of Monero, one of the most used privacy coins in the cryptocurrency market, has called on Binance to take a stance on the issue of privacy coins. Spagni stated that avoiding taking sides in the process is a disservice to the whole industry and that any protocol-level changes to […]