The Clarity Act would have cleared that up and also elevated the SEC’s sister agency, the Commodity Futures Trading Commission, to new authorities — most importantly full supervisory powers over the crypto commodity spot markets. Spot markets are where commodities trade directly, and since bitcoin and Ethereum’s ether were eventually determined to be commodities, it … Read more
Bitcoin exchange-traded funds could be three times bigger than their gold counterparts as younger investors grow up, an ETF expert has said. Speaking to Bitcoin Magazine TV on Thursday, Bloomberg senior ETF analyst, Eric Balchunas, said that while bitcoin’s price is currently volatile, things would change in the future. Bitcoin ETFs debuted in 2024 after … Read more
The Federal Reserve hiked interest rates for the first time since 2023 on Wednesday and it sent the bitcoin price — briefly — all over the place. But then it settled and currently sits a modest 1% higher over a 24-hour period. And according to asset manager Grayscale’s crypto research team, bitcoin is unlikely to … Read more
Asset manager VanEck has criticized Metaplanet’s executive compensation structure, arguing that recent efforts by the Bitcoin treasury company to curb shareholder dilution still fall short of adequately aligning management with investors. In a Friday report examining executive compensation across the 10 largest digital asset treasury companies, VanEck labeled Metaplanet’s compensation structure “Bad,” making it the … Read more
Stablecoin infrastructure provider Bastion said the Office of the Comptroller of the Currency (OCC) had granted it preliminary conditional approval for a US trust bank charter. The charter adds federal supervision from the OCC to the state licenses Bastion already holds, according to a news release on Friday. Still, the proposed bank could not accept … Read more
SALT Lending CRO Hunter Albright says a growing number of Bitcoin holders may eventually borrow against their bitcoin rather than sell it, creating a new relationship between bitcoin, credit and stablecoins. Bitcoin-backed lending could become an increasingly important part of how holders access the value of their bitcoin without selling it, according to Hunter Albright, … Read more
Quantum computing is a risk to Bitcoin but the community recognizes the issue, according to asset manager VanEck’s Head of Digital Assets Research. Speaking to CNBC on Friday, Matthew Sigel said that while progress on addressing the issue may be slow because of the crypto network’s decentralized nature, the community was working on it. The … Read more
Binance is expanding its derivatives offering into foreign exchange with the launch of 24/7 perpetual futures, starting with a US dollar-Brazilian real contract on Monday. Unlike traditional FX markets, which close for the weekend, Binance’s contracts will trade continuously using a dual-mode pricing system. During regular FX trading hours, prices will track a weighted index … Read more
Hold onto your hats, crypto enthusiasts! The United States digital asset landscape just underwent a seismic shift, and it happened in the blink of an eye. Forget about slow-moving legislative processes or endless debates; the Commodity Futures Trading Commission (CFTC) has stepped up, delivering a critical regulatory framework that is already sending shockwaves through the … Read more
Bitcoin’s price on Friday shot above $81,000 — despite a week of setbacks for the crypto industry. The biggest coin was recently trading for $80,982, after jumping as high as $81,055 at one point Friday morning in New York. Over the past 24 hours, it has risen by nearly 6%. Its surge comes after lawmakers … Read more