The U.S. Securities and Exchange Commission (SEC) has opted to postpone its decision on Ark Invest’s proposal for a Bitcoin ETF, continuing a longstanding challenge for cryptocurrency assets seeking inclusion on mainstream U.S. financial platforms. The SEC announced on Friday its move to solicit public opinion regarding a particular amendment in the Ark 21Shares Bitcoin…
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The United States Federal Reserve announced on Tuesday an enhanced oversight program concerning lenders’ interactions with cryptocurrencies. This decision follows a string of measures from U.S. regulators designed to curtail banks’ direct involvement in cryptocurrencies. In light of this macroeconomic development, what are the best cryptos to buy now?… Read More: Best Crypto to Buy…
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Mark Yusko, the principal of Morgan Creek Capital Management, a fund management organization with $1.6 billion in its custody, shared some thought-provoking predictions about the future value of Bitcoin today. He sees the most prominent cryptocurrency achieving a value of $300,000 by the end of 2028, raising some eyes in the crypto space today as…
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In a move to combat ongoing inflationary pressures in the U.S. economy, the Federal Reserve announced a 0.25% hike in its key interest rate today, pushing it to a high of 5.5%—a level unseen in 22 years. Despite witnessing a decline in consumer prices for a consecutive 12-month period, June marked a rise with a…
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Prime Minister Fumio Kishida of Japan made a resolute statement today that could be a boon to crypto markets, reiterating the country’s ambition to be at the forefront of Web3 innovation. His remarks coincided with news that leading cryptocurrency exchange Binance plans to launch operations in Japan beginning August 2023. This provides a new on-ramp…
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With an unwavering conviction in the potential of cryptocurrencies, Larry Fink, helmsman of BlackRock, the world’s most influential asset management firm, expressed a stronger faith in digital assets as investment tools today. His contention is that cryptocurrencies will “transcend any one currency.” How will this influence the best cryptos to buy now? Fink shared his…
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