Author name: Peter

SEC Announces Successful Year for Crypto Enforcement Actions

The U.S. Securities and Exchange Commission (SEC) has reported a highly productive year for its enforcement actions in the crypto industry. In its latest announcement, the SEC described fiscal year 2023 as impactful and fruitful for its efforts in regulating crypto asset securities. SEC Chairman Gary Gensler emphasized the benefits of the Division of Enforcement's […]

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Ark Invest CEO Cathie Wood Predicts Crypto Market to Reach $25 Trillion by 2030

Cathie Wood, the CEO and CIO of Ark Investment Management (Ark Invest), has made a bold prediction that the cryptocurrency market will surge to $25 trillion by 2030. Wood believes that bitcoin and ether will dominate the crypto ecosystem, which is currently valued at approximately $1 trillion. She emphasizes the significance of regulatory advancements in

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Coinbase Expects Spot Bitcoin ETFs to Boost Crypto Market Cap, SEC Approval Possible by Year-End

The Potential Impact of Spot Bitcoin ETFs Cryptocurrency exchange Coinbase has expressed its belief that spot bitcoin exchange-traded funds (ETFs) could have a significant positive impact on the total crypto market cap. According to Coinbase, the chances of the U.S. Securities and Exchange Commission (SEC) approving one or more spot bitcoin ETFs before the end

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The NHL Collaborates with Sweet to Launch NHL Breakaway, a Digital Collectibles Platform

Introduction The National Hockey League (NHL), in partnership with the NHL Players’ Association and the NHL Alumni Association, has joined forces with Sweet, a non-fungible token (NFT) firm, to introduce NHL Breakaway. This digital collectibles platform allows fans worldwide to collect, gift, trade, and showcase highlights and significant moments from NHL history. NHL Breakaway: A

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October’s Inflation Report: Shelter Prices Up, Gasoline Plummets — Mixed Market Reactions Follow

The U.S. Bureau of Labor Statistics recently released the Consumer Price Index for All Urban Consumers (CPI-U) report for October. The report revealed that the CPI-U remained unchanged in October, following a 0.4% increase in September. However, over the past year, the all-items index rose by 3.2% before seasonal adjustment, indicating a significant trend in

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Crypto Market Update: Memecoin Soars While ARK Declines

Memecoin Rallies Sharply as ARK Tumbles The cryptocurrency market, currently valued at $1.4 trillion, has been relatively stable with bitcoin and ethereum trading sideways. However, amidst this stability, some virtual currencies have experienced significant gains and losses. Memecoin (MEME) emerged as the top gainer, surging by 44.28% on Monday. On the other hand, ARK faced

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As El Salvador’s Bukele Approaches Re-Election, Bitcoin Entrenchment Deepens

Bitcoin Gains Institutional Support in El Salvador With President Nayib Bukele’s re-election date less than three months away, Bitcoin is experiencing increased institutional support within El Salvador. This growing support indicates a strong foundation for the country’s experiment with Bitcoin as legal tender. Election Season in El Salvador The Republic of El Salvador is currently

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Blackrock Outlines Why SEC ‘Must’ Approve Spot Ethereum ETFs

Blackrock Argues SEC ‘Must’ Approve Spot Ether ETF Blackrock, the world's largest asset manager, is advocating for the approval of spot ether exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The company, which has filed with the SEC to list and trade shares of its spot ether ETF called "Ishares Ethereum Trust"

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