Bitcoin News and Finance: What You Need to Know

Ark Invest CEO Cathie Wood says the crypto ecosystem will be dominated by bitcoin and ether and will scale from about $1 trillion today to $25 trillion in 2030. “The regulatory breakthrough is very important to bring institutions online,” said the asset manager, emphasizing that the partnership between Blackrock, the world’s largest asset manager, and the Nasdaq-listed crypto exchange Coinbase “ is going to be very important.” Cathie Wood’s Crypto Market Outlook: $25T by 2030 Cathie Wood, the CEO and CIO of Ark Investment Management (Ark Invest), discussed the future outlook for the crypto industry and the potential approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) in an interview with CNBC on Tuesday. Wood is optimistic about the SEC approving spot bitcoin ETFs, pointing to “significant” changes in the current regulatory landscape compared to a year ago. She mentioned, “The SEC actually asked us questions,” referring to Ark’...

The U.S. Securities and Exchange Commission (SEC) has published its latest enforcement results relating to crypto assets. “Fiscal year 2023 was another highly productive and impactful year for the SEC’s enforcement efforts relating to crypto asset securities,” the regulator described. “The investing public benefits from the Division of Enforcement’s work as a cop on the beat,” SEC Chairman Gary Gensler claimed. SEC’s FY 2023 Crypto Enforcement Actions The U.S. Securities and Exchange Commission (SEC) announced its enforcement results for the fiscal year 2023 on Tuesday. The securities regulator revealed that it filed 784 total enforcement actions, a 3% increase over fiscal year 2022. SEC Chair Gary Gensler commented: The investing public benefits from the Division of Enforcement’s work as a cop on the beat. Regarding crypto assets, the SEC stated: “Fiscal year 2023 was another highly productive and impactful year for the SEC’s enforcement efforts relating to crypto asset securit...

PRESS RELEASE. Polytrade , a leading real-world asset protocol, is taking a major step in its evolution, demonstrating its unwavering commitment to addressing the critical issues surrounding real-world assets. The platform is changing the way RWAs are aggregated and serves as a comprehensive solution for discovering, tokenizing, and facilitating liquidity for real-world assets. Though the supply of real-world assets has seen significant improvement in recent times, the challenge remains on the demand side. The real-world asset space needs a dedicated platform purpose-built to facilitate discovery, primary sales, and secondary liquidity. Polytrade is stepping up to fill this crucial void by building an RWA Marketplace, the foremost platform that solves these issues. Polytrade’s RWA Marketplace will serve as a dynamic hub where diverse assets find their value and participants can confidently interact in a secure environment. The marketplace shall have solutions not just for buyers, b...

The National Hockey League, the NHL Players’ Association, and the NHL Alumni Association have collaborated with the non-fungible token (NFT) firm Sweet to introduce NHL Breakaway, a digital collectibles platform. The NHL says the collectibles enable fans globally to collect, gift, trade, and showcase highlights and significant moments from NHL history. NHL Partners With Sweet; Launches New Digital Collectibles Experience for Fans According to the announcement on Wednesday, NHL Breakaway marks a new phase in the realm of sports digital collectibles. Sweet , in collaboration with the NHL and its associates, disclosed that it has leveraged the hockey league’s extensive highlight archives to develop an immersive experience for users. The platform allows fans to acquire packs that include highlights, uniquely packaged with various camera angles and the natural sounds of the game. Tom Mizzone, CEO of Sweet, commented on the collaboration: “In this groundbreaking partnership, we’re not j...