A cadre of former Citigroup Inc. executives has unveiled a groundbreaking financial innovation tailored for the Bitcoin sphere: Bitcoin Deposit Receipts, or BTC DR. This groundbreaking security instrument is poised to grant accredited investors unfettered exposure to Bitcoin without necessitating formal registration with the United States Securities and Exchange Commission (SEC), as attested by the corporation. This novel approach is expected to circumvent the protracted approval timelines typically associated with Bitcoin exchange-traded funds (ETFs). The brainchild of Receipts Depositary Corporation (RDC), a pioneering startup, BTC DR is slated to make its debut in the forthcoming weeks, as disclosed in an…

In contrast to the prevailing consensus within the broader market, the Matrixport analyst, Markus Thielen, envisions a scenario where the Securities and Exchange Commission (SEC) rebuffs all proposals for Ethereum spot Exchange-Traded Funds (ETFs) in the upcoming month of January. Despite the numerous interactions and the submission of updated S-1 prospectuses by applicants in recent weeks, Thielen highlighted in a comprehensive report that these submissions still fall short of a pivotal prerequisite that must be satisfied before the SEC can grant its approval. Thielen’s stance is underpinned by an intricate analysis of the political dynamics at play and the SEC’s…

During the last few months the cryptocurrency market has been relatively calm and without major movements. Since April, bitcoin, for example, has been in a range that went from 26,000 to 30,000 dollars without breaking any of those barriers. It is what some have already described as a new ‘crypto winter’ , but this week there has been an unexpected and quite notable rise on first week of 2024. Bitcoin plays around with $35,000 . After weeks and months without major shocks, last Monday bitcoin suffered a rise that took the cryptocurrency to reach $31,000. In the following hours the…

The Ordinals are the phenomenon of the moment. In December 2023, Ordinals’ daily trading volume exceeded $36 million and more and more exchanges offer services to create and mint this type of non-fungible tokens. Opinions for and against this method of recording data on the Bitcoin network have one thing in common: they consider it a new technology whose noticeable effects are only beginning to be felt.   Are Ordinals really new? The method based on the Theory of Ordinals to record data within Bitcoin accounting is a novelty. But writing arbitrary information into Bitcoin is as old as the first Bitcoin block, introduced by Satoshi Nakamoto…

Dogecoin, the cryptocurrency that started as a joke, has gained significant attention and popularity in recent years. With its iconic Shiba Inu dog logo and a strong community of supporters, Dogecoin has been on a rollercoaster ride in terms of its price and market capitalization. In this article, we will delve into a detailed analysis of Dogecoin’s price prediction for the year 2024. The Journey of Dogecoin Before we dive into the 2024 price prediction, let’s take a brief look at the history and evolution of Dogecoin. Created in December 2013 by Billy Markus and Jackson Palmer, Dogecoin was initially…

In recent years, cryptocurrencies have taken the financial world by storm. Bitcoin, Ethereum, and many other digital currencies have gained popularity among investors and enthusiasts alike. With the ever-evolving landscape of the cryptocurrency market, it’s essential to stay informed about the latest developments and predictions. In this article, we will delve into the cryptocurrency price predictions for 2024 based on the insights generated by AI technologies. The Rise of AI in Predictive Analytics Artificial Intelligence (AI) has been making significant strides in various industries, and the financial sector is no exception. When it comes to predicting cryptocurrency prices, AI-powered algorithms…

A hacker recently stole over $1 million from the Levana protocol, highlighting the security challenges within cryptocurrencies. Let’s see all the details below. The security challenge in crypto protocols: the Levana protocol fraud As anticipated, in a thread on X, Levana reported that an attacker stole around 10% of her cash reserves, causing a loss of $1.14 million. The decentralized finance startup has suffered a security exploit , revealing that the attack began 14 days ago. Specifically, orchestrated by seven wallets controlled by a single attacker. Levana said the attacker initially drained approximately 4% of its liquidity providers, subsequently increasing by a further 5% “until the protocol closes from opening…

In December, overall volumes on crypto exchanges reached $1,100 billion. It was a level not seen since September 2022, as overall monthly volumes had never risen above one trillion since then. Monthly volumes on crypto exchanges These data are published by The Block, and the graph highlights how the monthly peak of 2023 prior to that of December was that of March, with less than 950 billion dollars.  The highest monthly peak ever recorded was May 2021, when altcoins reached new highs driven, among other things, by Elon Musk’s participation in Saturday Night Live which caused the price of Dogecoin to…

“Artificial intelligence emerges as a panacea, capable of ameliorating access to education, bolstering mental health, and more. My unwavering conviction in the potency of innovation as an egalitarian instrument, affording every child an equitable opportunity to flourish, finds resounding affirmation in the realm of AI.” A burning question permeates the collective consciousness: Will Bitcoin ascend to a fresh pinnacle in the annals of 2024? Google’s Bard grappled with the enigma of predicting the future valuation of the mercurial Bitcoin, ultimately succumbing to the allure of proffering an estimate grounded in the deliberations of industry analysts. Drawing from the reservoir of…

Hong Kong authorities are further than willing to authorize spot bitcoin( BTC) exchange- traded finances( ETFs) in all their forms. Contrary to the position of the United States, where only one type of spot ETF could be approved. Hong Kong’s Securities and Futures Commission( SFC) issued a indirect last week setting out the conditions by which it could authorize ETFs with exposure to bitcoin and other virtual means. In the indirect, they clarify that spot bitcoin ETFs that reflect the status of “ in- kind creation ” and “ in- cash creation ” are authorized by the Hong Kong securities…